Find telecom consultant insurance quotes
Save money by comparing free quotes from top-rated carriers.
Choose from the nation's best insurance providers
Why do telecom consultants need business insurance?
When you work in voice and data communications, your clients expect everything to operate smoothly. An interruption in service could lead to a lawsuit, which is why business insurance is crucial for telecom resellers. It protects against client injury claims and other types of lawsuits.
Find affordable coverage
Telecom consultants can save money by comparing quotes from top insurers.
Fill out Insureon's easy online application to get free quotes and advice from a licensed insurance agent.
What types of insurance do telecom consultants need?
These insurance policies cover the most common risks of telecom consulting.
Professional liability insurance
This policy helps cover the cost of lawsuits related to the quality of your telecom consulting services. It's sometimes called errors and omissions insurance (E&O).
BEST FOR
- Work errors and oversights
- Advice that causes financial loss
- Service interruptions
General liability insurance
A general liability policy covers basic third-party risks, such as a client who trips and suffers an injury in your office. Bundle it with commercial property insurance in a BOP for savings.
BEST FOR
- Slip-and-fall injuries
- Client property damage
- Libel and other advertising injuries
Business owner's policy
A business owner's policy, or BOP, is a cost-effective way for telecommunication businesses to buy general liability coverage and commercial property coverage together.
BEST FOR
- Client bodily injuries
- Damage to client property
- Business property damage and theft
Workers’ compensation insurance
Workers’ comp is required in almost every state for telecommunication companies that have employees. It also helps cover costs when a sole proprietor is injured on the job.
BEST FOR
- Employee medical expenses
- Disability benefits
- Lawsuits over employee injuries
Cyber insurance
Cyber liability insurance helps telecom companies recover from cyberattacks and data breaches. It's strongly recommended for any consulting firm that handles sensitive information.
BEST FOR
- Client notification costs
- Fraud monitoring services
- Data breach investigations
Commercial auto insurance
Commercial auto insurance covers costs if a telecommunication consultant's vehicle is involved in an accident. Most states require this coverage for vehicles owned by a business.
BEST FOR
- Property damage caused by your vehicle
- Auto accident injuries
- Vehicle theft and vandalism
Looking for different coverage? See more policies.
How much does business insurance cost for consultants?
A small business with a few workers will pay less for insurance than a large company.
Factors that affect consulting business insurance premiums include:
- Telecommunication consulting services offered
- Business property and equipment
- Business location and annual income
- Types of insurance purchased
- Policy limits and deductibles
- Claims history
How do I get telecom consulting insurance?
It's easy to get business insurance for telecom consultants, IT consultants, and telecom cable installers if you have your company information on hand. Our application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application
- Compare insurance quotes and choose policies
- Pay for your policy and download a certificate
Insureon's licensed agents work with top-rated U.S. providers to find the right telecom insurance and fidelity bonds for your small business, whether you work as an independent telecommunication consultant or have several employees.
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
Common questions about telecom consultancy insurance
Review frequently asked questions (FAQs) about telecommunications consulting firm insurance and more.
Do I need business insurance if I'm self-employed?
State laws may not require independent consultants to carry insurance, but maintaining the right coverage can help you fulfill contract terms and stay protected from financial risks and other liabilities.
In most cases, telecommunication consultants aren't required to carry professional liability coverage (also called errors and omissions coverage or E&O insurance) in order to start up a consulting practice. However your clients may require you to carry it before they'll sign a contract with your business.
Be sure to keep in mind your personal auto policy likely won’t cover business auto incidents. In the event of a collision involving a business-owned vehicle, you'll likely have to pay the medical bills or state penalties for not having commercial auto insurance coverage.
Additionally, carrying a workers’ compensation plan, even if you're a sole proprietor or limited liability company (LLC) with no employees, can safeguard you if you’re unable to work due to an on-the-job injury or illness, as well as cover your medical bills, since your personal health insurance won't pay for work-related injuries and illnesses.
Am I required to get a consulting certification or license for my telecom consulting firm?
Consulting businesses of any kind, including firms in the telecommunications industry, usually must have a license to operate legally in most states.
Depending on where you operate, you may have to apply for your business license through your local or state government. You may also need to obtain a special permit or industry-specific certification, depending on your state, consulting services, and the clients you work with.
There are many benefits to being a licensed business:
- Tax compliance
- Credibility
- Financial benefits and credits
Additionally, continuing your telecommunications consulting education is another great way to showcase your expertise to prospective clients, and help you stand out from the competition.
For your telecom consulting business, you should consider earning a professional certification to highlight your expertise and stand out to potential clients. Obtaining a Certified Telecommunications Network Specialist (CTNS) or Certified Telecommunications Subject Matter Expert (CTSME) from the Telecommunications Certification Organization (TCO) can help solidify your expertise and establish trust between you and your customers.
What other insurance policies should my telecommunication consulting company carry?
Telecom consultants should consider the following types of insurance products as part of their risk management plan against common risks and potential financial losses:
- Hired and non-owned auto (HNOA) insurance offers liability protection for sole proprietors or employees who drive their own vehicle for work, or a leased or rented vehicle.
- Business interruption insurance, also called business income insurance, covers financial losses if your business is forced to close temporarily due to a fire or extreme weather. It can often be added to a business owner's policy (BOP).
- Commercial umbrella insurance covers legal expenses when the limit is reached on another liability policy, such as general liability, commercial auto insurance, and employer's liability insurance. Sole proprietors may need this coverage to meet client requirements for higher liability limits.
- Fidelity bonds provide financial reimbursement for your customer, should an employee commit fraud or theft. Unlike an insurance policy, your business would have to repay the bond company.
- Professional indemnity insurance, also called professional liability or errors and omissions insurance, protects you in the event a client files a lawsuit against your consulting business for an error, mistake, or professional negligence.
- Technology errors and omissions insurance, sometimes called tech E&O or tech professional liability insurance, is a bundle of E&O with cyber insurance. This policy can help you with legal fees and court costs if a dissatisfied client sues you over your work performance or a third-party cyber incident. It covers the cost of customer notification, credit monitoring, legal fees, and fines.
How can I save money on telecom consulting insurance?
With the wide range of pricing available in the insurance industry, it's important to shop around for the policies you need. The best place to start is by reviewing free business insurance quotes from leading insurance companies with Insureon.
Our licensed insurance agents can help make sure you get the right, most affordable coverage for your telecommunications consulting practice. Most small businesses can get insured and download a certificate of insurance within hours of applying for quotes.