Management
Consultant Insurance
Covers claims your advice cost a client money
Protects you if a client gets injured at your office
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What does management consultant insurance cover?
Management consultant insurance helps protect you against the cost of risks related to advising businesses on strategy, operations, and business changes, including:
- Professional negligence claims
- Incomplete work or incorrect advice
- Failure to deliver agreed services
- Third-party property damage claims
BizInsure offers affordable insurance solutions designed for management consultants that can be tailored to suit your business needs in minutes.
Why do management consultants need insurance?
Management consultants may need insurance to cover the cost of claims and lawsuits arising from the services they provide.
Some of the biggest challenges of management consulting are managing the expectations of your clients, ensuring deadlines are met, and continually delivering high-quality results. However, a simple mistake could lead to expensive legal fees that empty your bank account and damage your professional reputation.
That’s why many management consultants choose Professional Liability insurance and General Liability insurance to help protect themselves and their business.
What types of insurance do Management Consultants need?
With BizInsure, you can protect your career and business by customizing your consultant coverage. These policies cover common risks for management consultants.
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.
Sexual Abuse and Molestation
Sexual Abuse and Molestation Cover is designed to cover legal defense and settlement costs against allegations of client abuse, assault, misconduct, or harassment. It can provide coverage for counseling support, alleged physical misconduct, reputational & legal liability management.
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How much does Management Consultants insurance cost?
General Liability insurance for management consultants costs from $28.86 per month*. Professional Liability insurance for management consultants starts from $33.21 per month.
Factors influencing cost
- Risks of the industry
- Coverage level amount
- Annual turnover
- Number of employees
- Claims history
The pricing information on this page is general in nature and provided for illustrative purposes only. It does not take into account your specific circumstances, business operations, or risk profile. Actual premiums vary based on your profession, location, claims history, and other factors.
Get flexible coverage to match your needs
Customizable coverage limits to suit solo consultants or growing agencies.
Factors influencing cost
- Risks of the industry
- Coverage level amount
- Annual turnover
- Number of employees
- Claims history
The pricing information on this page is general in nature and provided for illustrative purposes only. It does not take into account your specific circumstances, business operations, or risk profile. Actual premiums vary based on your profession, location, claims history, and other factors.
Get flexible coverage to match your needs
Customizable coverage limits to suit solo consultants or growing agencies.
Unsure how much to choose? Think about:
- Statutory professional requirements
- Coverage required by contracts
- Number of employees being covered
- Your contract value
- Worst case scenario claim size
Frequently asked questions
Per-occurrence and aggregate limits both refer to the maximum payout of an insurance policy, but in different settings.
Per-occurrence limits are the maximum amount a policy will pay for any one incident or claim. Aggregate limits are the maximum amount that will be paid over the duration of the policy.
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