Chapter 2: Understanding Small Business Insurance for Independent Consultants
Part 3: Essential Insurance Policies for Marketing and Management Consultants
Now that you have an understanding of the basic insurance policies that protect self-employed small-business owners, let's take a look at the policies that marketing and management consultants cannot do without.
Earlier, we mentioned that one of the challenges of being a marketing or management consultant is that your clients need a way to measure the success of your services. If they don't have hard numbers, such as profits generated from a new campaign or cost reduction from an organizational plan, you could end up facing an Errors & Omissions lawsuit. We discuss this insurance policy first and then provide you with example claims.
Next, we explore Umbrella Liability Insurance, which is a cost-effective way for self-employed business owners to receive extra liability protection.
Next: Professional Liability / Errors and Omissions Insurance