Insurance for Professional Services
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Public Liability and Portable Equipment cover
Trusted by over 250,000 small businesses
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What does professional services insurance cover?
Professional services insurance can help cover costs that arise when something goes wrong in the course of your consulting or advisory work, such as:
- Legal defense costs, including settlements or court expenses.
- Third-party injury or property damage
- Claims linked to professional advice or services
- Allegations of negligence or mistakes in your work
- Defamation, libel or slander claims
Coverage depends on policy terms, conditions, exclusions, and insurer acceptance.
At BizInsure, tailor coverage to the specific services you provide, whether you’re a solo consultant or a multi-partner firm — so you’re pay only for protection you need.
Why do professionals and consultants need insurance?
Consulting and advisory work carries a different kind of risk than most businesses face, because what you’re really selling is judgment. When a client hires you, they’re relying on your advice, analysis, or recommendations to guide real decisions about their business, finances, or operations. If that advice turns out to be wrong, incomplete, or is simply blamed for a bad outcome, you can be held liable even if you did your job carefully and in good faith.
The nature of consulting work adds to this exposure. Most professionals juggle multiple clients and projects at once, often across different industries, each with its own scope, contract terms, and expectations. A missed deadline, an ambiguous scope of work, or a simple miscommunication can escalate into a dispute over whether you delivered what was promised. Professionals and consultants may face various risks that insurance can help them manage. These include:
| Risk scenarios | Cover benefits |
|---|---|
| Financial loss A client claims your strategic recommendation led to a financial loss for their business. | Professional Liability (E&O) — covers legal defense and damages related to claims of negligent advice, errors, or omissions in your services. |
| Property damage An accountant conducting an on-site audit and accidentally damage a client’s equipment. | General Liability covers third-party property damage and injury claims arising from your work on a client’s premises |
| Cyber breach A laptop containing client financial data is lost or hacked, exposing confidential records | Cyber Breach Response Services covers breach notification costs, legal fees, and damages tied to a data breach or cyber incident. |
| Misrepresentation A client disputes that a deliverable met the agreed scope and demands a refund plus damages | Professional Liability (E&O)covers disputes over service quality, missed deadlines, or breach of contract claims tied to your work |
| Employee injuries Your firm hires additional consultants, and one is injured while traveling for a client engagement | Workers’ Compensation covers medical costs and lost wages for employees injured in the course of their work |
Who needs Professional Services Insurance?
BizInsure provides tailored coverage for a broad range of professional services and consulting roles, whether you work independently or run a firm with staff. Our policies are designed to reflect the actual services you provide, not a one-size-fits-all.
We cover over x professionals
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Types of insurance for professional services
BizInsure offers a wide range of professional services insurance that can be tailored to meet your needs. These insurance policies cover common risks faced by professional services. Build a package online and buy a policy in minutes.
General Liability insurance
General Liability Insurance covers your business if a third-party is injured, or their property is damaged, a of your business activities or services. It covers legal costs compensation costs. We offer coverage up to $1 million per occurrence and $3 million in the aggregate.
Professional Liability insurance
Professional Liability insurance, also known as Errors & Omissions insurance protects you against claims of negligence, misrepresentation or mistake, resulting in financial loss to a third party. We offer coverage up to $1 million per occurrence and $3 million in the aggregate.
How much does professional services insurance cost?
Professional services insurance costs depend on the nature and risk level of the work involved. A solo consultant offering general business advice will usually pay less than a financial advisor or IT consultant handling sensitive data and high-stakes recommendations, since the potential size of a claim tends to track with the financial impact of the advice being given.
Factors influencing cost
Your Industry
Required Coverage
Your Turnover
Number of Employees
Claims History
Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get coverage that grows with your business
With BizInsure you can choose your limits as your business evolves.
Unsure how much to choose? Think about:
Statutory Profession Requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Factors influencing cost
Your Industry
Required Coverage
Your Turnover
Number of Employees
Claims History
Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get coverage that grows with your business
With BizInsure you can choose your limits as your business evolves.
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Frequently asked questions
Insurance requirements vary by state, profession, and licensing body. While it may not always be legally mandated, many clients and contracts require proof of insurance before they’ll engage your services, and it’s often expected practice in competitive industries.
Yes. Even without staff, you’re still personally liable for the advice and services you provide. Business insurance protects you against claims tied to your recommendations or deliverables, regardless of whether you work alone or run a full team.
Professional Liability (also called Errors & Omissions) covers claims related to the advice, services, or deliverables you provide — for example, a client alleging your recommendation caused a financial loss. General Liability covers third-party bodily injury or property damage, such as an accident during an on-site client visit. Most consultants carry both, since they protect against different types of risk.
Yes. Coverage can be tailored to reflect the specific mix of services you provide, even if that spans multiple specialties or client industries. As your services expand, your policy can be updated to keep pace.
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