Business Consultant Insurance

General Liability Insurance insures your business against personal injuries of customers on your property, and property damage.

Example… A client slips and falls on a wet floor while on your premises. A General Liability Insurance policy will cover your legal defense and even potential damage payouts.

Professional Liability Insurance (or E&O) protects consultants by covering legal fees if accused of giving incorrect or incomplete advice.

Example… You fail to mention an important regulatory roadblock while consulting a client, who lands in trouble with the local authority, who in turn, sues you. A Professional Liability policy covers your legal costs and payouts.

Workers Compensation provides income replacement for employees injured on the job. In most states, you may be required to purchase a limited amount of Workers Comp if you employ two or more workers.

Example… An office assistant suffers a back injury while lifting a heavy box. As long as the task was work-related, a Workers Compensation policy will cover their medical bills and lost wages.

Business Owners Policy (BOP) is a packaged policy, combining General Liability and Commercial Property insurance at a reduced rate.

Example… Computers are stolen during a break-in. The Commercial Property component of your BOP will cover their replacement. Meanwhile if a client trips and is injured from an exposed cord, they’d be covered by the General Liability component.

Cyber Liability Insurance protects you from data loss and theft. It covers the cost of lost digital assets, business interruption, cyber extortion and associated security costs.

Example… A disgruntled client breaks into your consultancy client's database, stealing all your client’s bank details. Cyber Liability insurance will cover the cost of their recovery and legal costs.

Umbrella Insurance provides additional coverage beyond the limits of liability policies. If a single serious incident or multiple claims overwhelm the limits of your policies, an umbrella policy will cover the rest.

Example... Your advice leads to substantial loss for your client. If your General Liability policy limits won’t cover the full amount, your umbrella polcy will cover the rest.

Commercial Auto Insurance is for consultants that drive often for work with a private vehicle primarily for business travel. You’ll be covered if involved in a road accident to or from a client visit.

Example… An employee gets in an accident while using a business vehicle. Commercial Auto Insurance will cover any resulting claims.

Management consultants work with the heads of organizations, which carries with it many professional risks. Management consultants can find out here why Professional Indemnity insurance is crucial to protect them.

What is IT Consulting insurance and why would you need Professional Liability insurance over Professional Indemnity insurance? Get the answers here to protect to your IT consultancy.

As a consultant, you wear many hats and deal with all types of clients, from providing strategies, creating processes, or even providing expert advice. Find out here why Professional Liability Insurance for Consultants is imperative before you start.

As an attorney or lawyer, you enjoy helping people when they may be in trouble. However, your work also puts you at risk for a lawsuit as well. That's why Insurance for legal services is a must to protect you and your practice. Get the details here.

There are significant risks involved in the legal industry and purchasing lawyers Professional Liability is an important step to take to mitigate these. You'll find out here why this insurance cover is crucial to protect your legal practice.