Insurance for Management Consulting Services

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Coverage Plans for All Your Needs

BASIC

Essential coverages for management consultants


General Liability (GL)

From
39
Month
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Includes:

  • Coverage against claims from bodily injury, property damage and personal injury
  • Coverage for products/completed operations

STANDARD

Protect your business against consultative errors


General Liability (GL) + Errors & Omissions (E&O)

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All Basic plan benefits and:

  • Professional negligence
  • Retroactive claims (previous contracted work)
  • Subcontractor errors

PRO

Protect your business travels


GL + E&O + Commercial Auto

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All Standard plan benefits and:

  • Coverage against claims from 3rd party bodily injury and property damage
  • Physical damage protection with comprehensive and collision coverage

CUSTOM

When you have specific requirements


Including Hired & Non-Owned Auto, EPLI, etc.

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We've Got You Covered with Coverage You Need

In management consulting, you provide business advice to other companies about administration, site selection, financial management, strategic planning, and general management. The greatest liability is the exposure which arises from your professional services and Errors & Omissions insurance can mitigate the chance it brings your business down. There are other exposures an insurance policy can help to protect the business from and their explanations below are worth reviewing.

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Frequently Asked Questions

What is Management Consultancy all about?

Management consultancy is the practice of helping businesses improve performance and grow by solving problems and finding new and better ways of doing things.

What does Professional Liability Insurance for a Management Consultant cover?

Professional Liability insurance protects businesses from the risks a mistake in providing consulting services causes financial injury to customers.

Who needs Professional Liability Insurance for Management Consultants?

Even the best consultants can make mistakes and often you can be accused of a mistake without actually making one. Any errors in judgment on your part can cause your client to suffer financial loss; thus a potential lawsuit. Without Professional Liability insurance, you'll have to bear the full cost of defending yourself in court and to pay for any judgments decided against the business.

What risks could a Management Consultant face?

When a management consultant is doing a great job for a customer they can become essential to operations. If a mistake is made while improving an organization and it brings down operations, the consultant is potentially liable for lost revenue to the customer.

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