Insurance for Other Consulting Services
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What Insurance Do Other Consulting Services Need?
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Employment Practice Liability Insurance, or EPLI, protects you from employment-related claims. If you're accused wrongful termination, discrimination in hiring or firing or workplace harassment, EPLI covers your defense and settlement costs.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Errors & Omission Insurance (E&O), is a type of professional liability insurance. It protects you from being legal claims that you made a mistake when offering your services. E&O covers your defense fees & settlement costs.
Frequently Asked Questions
Why do Consulting Services need insurance?
Professionals in this industry offer consulting services for areas such as the environment, agriculture, physics, chemicals, radio, economics, safety, energy, and security.
Consulting services need insurance to protect against any unforeseen events. When these things happen, you can expect to waste a lot of money to recover. Insurance will cover these expenses so you won't have to worry about it. And all you have to do is pay a monthly fee to keep your business insured.
What risks do Consulting Services face?
Your business faces a lot of unique risks that can cause financial ruin. Below are some examples:
- There is a mistake in the consulting services you provided to one of your clients, costing them a lot of money. Because of this mistake, your client decides to sue your business.
- Your employee claims he should be promoted because he's worked for you for many years. So, he sues your business for failure to promote.
- One of your drivers was in an accident while on the job. It is then proven that your business is at fault in the incident.
How much does insurance for Consulting Services cost?
The cost of insurance for most businesses is usually determined by the type of services you offer, your location, the safety procedures in place, the number of employees you have and the coverage needed. If you want to know the cost of your insurance fast, you can simply apply online for a free quote or call to talk directly to our insurance experts.