Insurance for Consultants

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Why do Consultants need insurance?

Consultant insurance protects you against mistakes, claims of negligence, client injury, and other risks commonly faced by independent consultants and consulting businesses. E&O insurance for consultants is another name for this type of cover.

Being a consultant, coach or trainer offers incredible freedom and flexibility but it also comes with increased responsibility. Managing client expectations in addition to performing your services can be challenging. That’s why business insurance that is reliable and customized to your profession has never been more important. BizInsure is where you can get affordable and dependable insurance tailored to your needs. Click or Call us to compare quotes, for free, today.

Did you know?

If you’re a consultant working as a sole proprietor you are personally responsible, both legally and financially, for all aspects of the business. The right insurances help to protect you if things go wrong!

Consultant’s insurance covers a broad range of professions

We help insure many Consultants, Coaching & Training professionals and businesses including (but not limited to):

Business coaches

Business Coaches

Marketing Consultants

Business Consultants

Research Consultants

Compliance Consultants

Training Professionals

Professional Liability Insurance for Consultants

Professional Liability insurance may be essential for small businesses that provide their clients with advice. This type of policy helps protect consultants, coaches and personal trainers against claims related to the advice, recommendations, or service they provide.

A Professional Liability insurance policy can help shield independent contractors against claims of negligence, bad advice, and other common risks resulting from the services they provide.

For example, a business consultant or career coach is accused of giving bad advice that results in economic damage to a customer. Their Professional Liability policy will cover defense costs and resulting damages that they may incur.

General Liability – Consultants, Coaching & Training

Professionals working as consultants, coaches or training professionals are often required to have a solid General Liability policy in place before they can start an engagement with a customer. It is the most basic form of business insurance that any business or individual should consider.

General Liability intends to protect against allegations of bodily injury or property damage and it can cover related medical costs if someone (who is not an employee) gets hurt. It also covers allegations of advertising injury and personal injury such as libel, slander, defamation, etc.

Professionals who work closely with other people may sooner or later face minor (or major) accidents that are unplanned and potentially costly. That is why General Liability is an important building block to protecting your business assets.

Business Owner’s Policy (BOP) – Consultants, Coaching & Training

A Business Owner’s Policy (BOP) is a convenient and affordable way for consultants, coaches and trainers to combine General Liability (above) with coverage for their business property (computers, equipment, etc.), non-owned business auto liability, business interruption protection, and more.

A Business Owner’s Policy (BOP) is an easy and efficient way for you to protect your business assets against many of the most common liabilities and unplanned events experienced by professionals in your industry.

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Frequently Asked Questions

What is Professional Liability insurance for consultants?

Professional Liability insurance is one form of coverage that consultants often consider to help protect their business. These policies cover a range of liability events, such as:

  • Mistakes
  • Omissions
  • Undelivered services
  • Missing deadlines
  • Negligence
  • Breaches of contract

If your work as a consultant results in a financial loss for a client, you could be found liable. Your Professional Liability insurance policy will pay legal expenses resulting from a liability lawsuit. This includes fees for hiring an attorney, court costs (such as filing paperwork), settlements, and judgements.

Professional Liability insurance helps create a safety net for consultants. Rather than use your business finances to defend yourself in court (and possibly your personal savings as well), your Professional Liability policy will cover the costs of a lawsuit for you. This could save you thousands of dollars in legal fees and potentially save your business from bankruptcy and closure.

Importantly, Professional Liability insurance for consultants also helps protect you against meritless claims, which can be just as expensive to defend against.

How much does business insurance cost for consultants?

“Consultant” is a broad occupation category. This means that the price of business insurance for consultants can vary widely. When applying for any form of business insurance, you will be asked questions about your business structure and activities to help determine the risks you might face and what coverages you may need.

Factors that may be used to determine the cost of business insurance include:

  • The industry you work in
  • How much revenue your business generates
  • Your risk management procedures
  • Your claims history
  • How much coverage you want or need

These factors, along with others, help insurers determine how much you can expect to pay for insurance (otherwise known as premiums). Obtaining multiple quotes from different insurers is the best way to understand how much you will pay for business insurance as a consultant.

How consultant liability insurance protects your business

Consultants regularly engage in work that puts them at professional risk. If your professional advice or other services causes a client to lose money, you could be found liable for these losses. The resulting lawsuit could be expensive, particularly if it drags out for months or even years. This could be financially devastating, forcing you to spend your hard-earned business capital and potentially your personal savings as well.

Consultant liability insurance, otherwise known as Professional Liability insurance, can help protect your finances in the event of a liability lawsuit. These policies commonly pay attorney’s fees, other court costs, settlements, and judgements resulting from liability claims. This can help shield your business and personal finances, so you can defend your professional reputation with less worry.

Professional Liability insurance also protects you against baseless claims. Even a liability claim without merit can be expensive to clear up in court. The coverage provided by a Professional Liability policy can help protect your finances while you defend your professional reputation.

Jasmine Q was on the spot professional, she knew where to direct me and explain to me my concerns and request; she delivered my personal information within minutes of me asking policy questions.That young lady is a true ROCK STAT!!!
Shaka 3 Z.
23:09 15 Aug 22
For a small non-profit, the package I was given was affordable. The representative was polite, patient, understanding, and knowledgeable.
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18:06 15 Aug 22
Asked for a specific venue to be place on our certificate of insurance and it was done within one business day. Yay! Bizinsure!
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17:02 01 Aug 22
The process was fast and easy and the professional staff was very knowledgeable with any questions that I had and ready to help
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06:40 31 Mar 22
Friendly agents. Timely replies. Fair pricing. This is a good fit for my business! Thank you, Noah, for all your help.
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19:27 28 Mar 22
They are awesome
Tony H.
00:41 07 Jan 22
Noa made sure I had all the information I needed for a first time business owner . He helped me understand what I needed to secure a quality policy and he was super helpful when explaining how the policy would serve its purpose to my company. I was very satisfied and had an Awesome experience, I think people like that make the company look good!
Wayleen O.
04:36 15 Oct 21
I was in need of WC, GL and PL coverages for my business and was able to shop, discuss, confirm and purchase all the coverages in two days! This was a great experience, especially when "Time is Money". Noah Bowman was very professional and knowledgeable. Thanks!
AmeriCreed 1.
15:42 23 Sep 21
MOVING FORWARD, I WILL BE SENDING ALL OF MY BUSINESS TO THIS COMPANY !!!! Incredible customer service!!! Thanks
THEODORE W.
19:49 09 Sep 21
Their representative clearly explained different kinds of policies to help me select the one appropriate for my needs and then helped me enroll by phone painlessly. By the end of the call, I had a policy in place.
Dissent D.
22:21 02 Sep 21
Eugene was Awesome!!!!
Lakesha G
17:19 21 Jul 21
Excellent solution for writers and authors professional liability policy as well as coverage for copyright and trademark infringement. Service was prompt and excellent.
Lane
18:22 22 Jun 21
Done in less than an hour!
William O.
00:30 02 Jun 21
Efficient, and great value. The agent was able to give us a quote and a new policy in a short period of time. Thank you
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20:30 24 May 21
I had a great experiencing obtaining several of my insurance needs as a landscaping company here in Northern Colorado. BizInsure's team took care of my needs and was very responsive to help with paperwork needed to secure a potential client account!
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16:34 10 May 21
Very efficient they were able to help me out with my request promptly....highly recommend this companyI am very happy to have them
Elba P.
18:50 26 Apr 21
I need a help getting errors and omissions insurance along with general liability. Jose was very friendly informative and was very patient with me during the process. He found me some of the best rates for the coverage that I needed. Highly recommend
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19:51 20 Apr 21
I had numerous conversations with several business insurance agents over a month's time. I also had several conversations confirming the policy inclusion/exclusions and asked many questions. My BizInsure agent was professional, knowledgeable and most important—detail oriented. Even after having an initial conversation a month earlier he knew and *remembered* all my personal/professional insurance needs. When I asked for additional information on the third call he was able to provide me with details very quickly. He was also VERY patient. That is a big plus in my opinion. It illustrated a high level of respect for my needs. I also found when I called back and asked to talk with the initial agent, the person who answered the call was able to get in contact quickly and my agent responded and returned the call within 5-10 minutes. The transaction was smooth, and I think it's a good sign should I ever need to make a claim. I highly recommend BizInsure.
Poetic F.
21:00 07 Apr 21
The rep was extremely helpful actually lowered my quote and made sure I was covered to fit my needs with my growing business! 5star!!
Franklin B.
19:04 16 Mar 21
Excellent service and prices.
Cassiopée V L.
23:13 09 Mar 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie W.
17:38 18 Feb 21
Eugene deserves a raise! First time purchasing insurance and he made the process so simple for me. His patience and attention to detail left me feeling confident in my decision to choose BizInsure. Gracias Eugene!
Esined P.
23:32 17 Feb 21
The customer service provided by Jose was outstanding. He explained everything in a very clear/logical way and answered all of my questions. After providing all the information to obtain general liability insurance, Jose sent me the declaration page of the insurance for review. All of the information matched what I provided over the phone and there were no typos. The next day I called back to purchase the insurance which was easy and fast. Overall, my experience with BizInsure including the customer service by Jose exceeded my expectations.
Joe W.
03:29 12 Dec 20
Hiscox/BizInsure made getting Liability Insurance very easy and reasonable.I expected it to be a long and complicated process and it was a nice surprise that they made it so uncomplicated. Thank you. Lisa
Lisa W.
21:51 24 Nov 20
Eugene was incredible. I called 4 other brokers before him who were impossible to get any help.
rhonda H.
23:26 12 Nov 20
Very quick to get in touch with you and good with follow up. Had some trouble retrieving my quote to log into my account initially but Daniel assisted me and the changes were made to get me into my account. Great value for the money.
Fran S.
16:34 20 Sep 20
Very happy to be insured with this company. Professional, Timely, very helpful. Thank you Juan, you made it so much easier for me to understand.
Aileen D.
19:55 15 Sep 20
This company responded when I needed them to respond while facing a deadline. They are an excellent choice for business Insurance.
Michele H.
01:52 12 Sep 20
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02:41 27 Aug 20
I can't say enough good things about Daniel Santos kind and effective communication skills as an insurance agent. Daniel was so pleasant, friendly and efficient with helping me obtain insurance as a teacher. If I were to give Daniel a grade, he has earned an At . He made the process easy to understand, it was far easier than what I anticipated. Nancy S.
Nancy S.
00:47 26 Aug 20
I was in need of professional liability insurance for my sole proprietorship. A friend referred me. Everythng was quick and simple and AFFORDABLE!
hope J.
20:31 25 Aug 20
If you need Private Home Care Provider insurance for your company, BizInsure, LLC can get it for you!
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16:45 24 Aug 20
Great and fast service!!!! The representative was very professional!!!!
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19:51 14 Jul 20
I was tryi9ng to find commercial liability insurance for my new comp-any and BizInsure was easy to use and very affordable which is great for me as a new business.
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19:01 14 Jul 20
Great service insurance prices are great for professionals looking to get insurance for businesses....
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22:34 22 Jun 20
The provided very professional service and made the process easy.
Paul R.
21:51 04 Jun 20
Bradley Hoyle from the Biz Insure team was excellent to work with. Everything was quick and smooth. Great service, much appreciated!
Kristene S.
02:03 04 Jun 20
Anthony Spencer was great!! Very quick response time!! He was very Professional! I would suggest him because he helped me find a affordable rate and explained all the technicalities..
Fre H.
16:38 28 May 20
I was referred to Bizinsure by a industry trade group that I am a member of. It was easy to get a quote online and then received excellent customer service from Bradley H. to complete my policy purchase over the phone. I have shared this company information now with other business owners for their policy needs.
Dawn T.
22:11 08 May 20
This company was very precise with explaining services and made sure I chose the right business insurance coverage, great customer service at purchasing.
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01:30 05 May 20
Amazing
Jasmine Q
14:31 02 Dec 19
Trish is the most patient, professional and understanding insurance agent I’ve ever worked with. Trish has taken care of all my business insurance needs for the last couple years. I am really happy that I found an insurance agent that I know will take care of me & all of my concerns. I feel like a valued customer & I appreciate the great customer service that I get every time!!THANK YOU!
Dr. Youssef C. A.
17:21 14 Nov 18
Tricia helped me get insurance for my business. The task of obtaining a quote was really starting to frustrate me until I was referred to BizInsure through a different agency. Tricia got me a quote fast, and even took a down payment over the phone and issued the proof of insurance the same day. a+ service, would do it again in a heartbeat!! Thank you!!
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18:07 22 Jun 18
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Allison Y.
17:28 21 Jun 18
Started doing business again and needed a policy fast. Ramez was reasonable, helpful and the rates are OK. Buyer beware? Sure, for me it turned out OK this time. Worth a call.
Mark W.
23:42 13 Nov 17
Great customer service. I've been very inpressed with my dedicated representative that had helped me navegate my insurence needs. Thanks so much!
Graham B.
22:12 23 Jun 17
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