/ BLOG

5 Steps to Buying Consultant Business Insurance Online

May 16, 2023 · 4 minutes to read

Consultants discussing business strategies

Business insurance is an important way to protect your livelihood as a consultant. Taking the time to create an adequate safety net could go a long way towards ensuring the success of your consultancy for years to come.

But, you’re also busy. Researching which types of coverage you might need, getting quotes, and comparing policies might seem like too much work to take on when there’s so much else you need to do. You might not even know where to begin!

Fortunately, finding business insurance can be easier than you think. Here are 5 steps to buying consultant insurance online to help get you started.

1. Check your insurance requirements

As a small business owner, you may be required to have certain forms of insurance. This is often determined by state or local laws, the type of consulting you do, the clients you work with, and other factors. It makes sense to tick these policies off your list before considering others.

For example, all states except Texas legally require businesses to have Worker’s Compensation insurance if they have employees. This requirement may also extend to sole proprietors in some industries. Your state or local government website should have information on these requirements for different types of consultants.

Other forms of insurance may not be required by law, but they may be necessary to do with business with vendors, clients, or customers. For example, your commercial landlord might ask for proof of General Liability coverage before leasing office space to you. Clients and customers may expect you to have Professional Liability insurance, so they feel confident hiring you as their consultant.

2. Do a risk assessment

There are many different insurance products available to help protect all areas of a small business. However, not every type of policy will be relevant to you or your business. Doing a risk assessment of your consultancy could help you decide which insurance policies you may need.

A risk assessment can be as simple as thinking about the mistakes, accidents, and other issues that could derail your business. These might be risks that are common to most consultants, such as negligence or missing important deadlines. They can also be specific to your industry. For example, a management consultant may have different insurance needs than an IT consultant.

3. Shop around for policies

There are many companies offering consultant insurance, each with their own coverage options, policy wordings, and premiums. As a busy consultant, it may be tempting to just go with the first insurer you find so you can get back to work.

But not all policies are created equal. It’s important to carefully review your options and choose policies that will provide enough coverage for your small consultant business. Sites like BizInsure make it easy to compare consultant insurance policies and pricing across multiple insurance companies.

4. Choose your policy

Once you’ve received quotes from different insurers, it’s time to choose your policies. There are many factors to consider when buying consultant insurance, including coverage levels and premiums.

Protecting your small business is likely a big reason why you’re buying insurance. Claims and lawsuits can be financially damaging, often to both your business and personal finances. As you choose your insurance policies, you should carefully think about how much coverage you need. Lower levels of coverage generally mean lower premiums, but you still want to be comfortably protected in the event of an accident or other insurance claim.

5. Review your coverage annually

With any luck, your consultancy will grow in success over the years. As your small business grows and changes over time, your insurance needs will likely grow and change as well. Reviewing your consultant insurance annually (or more frequently) could help ensure that you are always adequately covered.

If there have been major changes to your small business or how you work, you may need to update your insurance coverage. This may include events, such as hiring employees, taking on larger contracts, or expanding the business into new geographic areas.

Find Consultant Insurance Today

BizInsure makes it simple and easy to find consultant insurance to match your small business’ needs. Coverage is available for those working in many industries, including management consultants, business consultant’s insurance, marketing consultant, and IT consultant insurance.

Visit BizInsure website or call to compare quotes from leading insurers across the country.

Let's find

The coverage you need for your business

Professional Liability Insurance

Professional Liability Insurance

Get a quote

General Liability Insurance

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Professional Liability Insurance

Get a quote

General Liability Insurance

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Workers Compensation Insurance

Get a quote

The process was very easy and my company is now covered.
Alessandro helped me and he was so kind. It was my first time getting business insurance and it was a very good rate, so helpful too!
Easy to work with and thorough with what is being requested and provided.
Excellent experience with Shantana on all the occasions we had the pleasure to speak with a rep.
Straight to the point. Very easy and convenient
A Company that is easy to deal with and that I have used for several years. I appreciate the continued support.
Super easy and detailed
This company is excellent! They provided my business with General and Professional liability. Something that no other company could provide at a good price. BizInsure covered me and the rate is Unbeatable. I will continue to use them for all my business insurance needs.
Alex was very helpful answering all my questions. I am very happy that he will be my contact person , if I should have any other questions. Thank you to Alex
Bizinsure is an exceptional company. The customer service is excellent. The receptionists are very knowledgeable. The insurance agents are very professional.
I use this for my Business and its easy to navigate and start
Quick and professional service
Great quote for Professional and Liability!
Signing up was easy.
You guy are wonderful, very professional and honest. It was a very smooth process. very affordable. thank you. Calves Blake
Great value, customer service, and ease of communication.
Loved working with Bizinsure! Andrea was fantastic and made the process so easy!
BIZNSURE LLC, is outstanding the process was easy and quick. I was walked through step by step
Very easy to work with, cost effective, prompt renewal and easy to get certificates of insurance instantly. I use them exclusively for my professional and general liability insurance needs as a consultant. They simply make my insurance be easy!
BizInsure's online quote and process was quick, easy, and affordable. Jennifer, one of the representatives from BizInsure was great. She was very professional, attentive, and knowledgeable. I would definitely recommend this company to small businesses.
Very easy..straight forward..quick
BizInsure LLC made it easy to find coverage for my business. Highly recommend them for responsive service and quality insurance products.





    This will close in 0 seconds