Consulting insurance is coverage that protects consultants from financial strain caused by claims of negligence and other situations that arise from their business. Computer consultants, educational consultants and financial consultants are a few of the many people who need this type of liability insurance protection.
What does it cost?
Your consulting insurance cost primarily depends on your area of specialty and coverage needs. For example, a strategy consultant might need a typical errors and omissions (E&O) policy, whereas a computer consultant might need technology errors and omissions (Tech E&O) coverage depending on the scope of their services.
Other factors that affect your liability insurance cost include business location, claims history, number of employees and more. The best way to find out what you’ll pay is to get a quote customized to your unique business.
Basic consulting coverage:
This essential coverage for consultants protects if you’re sued for negligence related to your professional services. It’s also known as errors and omissions (E&O).
You’ll need this coverage if you use a vehicle for business purposes. This can include vehicles used for transporting clients, running errands or visiting accounts.
Other coverages you might need:
Business Owners Policy (BOP)
A BOP provides liability and property coverage in one package.
This coverage safeguards against data breaches, cyber-attacks and other electronic threats. It is ideal for consultants who handle customer data and other sensitive information.
Workers’ comp protects help if your employees become injured or ill at work.
Call Dorsal Insurance today for a quote at 786.601.2485