Management Consultant Insurance

Affordable Protection for Management Consultant Services

Get Your Quote

Simply Business is pleased to provide tailored insurance options from:

Management Consultant Insurance That’s Made Just for You

Helping an organization solve internal management issues requires careful analysis and guidance. As you advise executives and leadership teams to make strategic adjustments, the right insurance coverage will protect you and your business.

Though you’re an expert in management consulting, you may not know as much about small business insurance. A licensed agent at Simply Business can help you find a customized insurance policy for your unique business.

What Insurance Do Management Consultants Need?

Management consulting often involves working on-site at a client’s business, inviting people to your office, and providing quality guidance. These factors alone may put your business at risk of liability, including injury, property damage, and negligence.

Get Your Quote

General Liability Insurance for Management Consultants

While visiting a client’s office, you could accidentally trip and hurt yourself. After a visit to the emergency room, without insurance you’d have to pay the medical bills out-of-pocket. General liability insurance — also known as commercial general liability (CGL) insurance — covers the costs associated with third-party accidents, property damage, and bodily injury.

General liability usually covers:

  • Bodily injury
  • Third-party property damage
  • Personal and advertising injury
  • Medical expenses
  • And more

General liability insurance usually does not cover:

  • Damage to your own property
  • Professional services
  • Workers compensation or injury to your employees
  • Damage to your work
  • Expected or intentional injury or damage
  • And more

Learn more about General Liability Insurance.

Professional Liability Insurance for Management Consultants

Providing appropriate guidance and strategies comes with being a successful management consultant. However, misguidance or mistakes can quickly turn into costly negligence claims or lawsuits filed against you. If you have professional liability insurance, you would be protected against claims or lawsuits related to negligence.

Professional liability insurance usually covers:

  • Negligence or alleged negligence
  • Legal defense costs
  • Claims involving libel and/or slander
  • Copyright infringement
  • Claims and damages
  • And more

Professional liability insurance usually does not cover:

  • Intentional negligence
  • Bodily injury
  • Property damage
  • False advertising
  • Employment matters
  • Patents and trade secrets
  • And more

Learn more about Professional Liability Insurance.

Workers Compensation Insurance for Management Consultants

If you have employees, it’s important to research workers compensation insurance. In many states, it’s required by law. Also known as “employers liability insurance,” workers compensation insurance protects your business if employees get sick or injured while working for you (by covering medical costs and lost wages).

Coverages include:

  • Medical Payments
  • Lost Wages
  • Rehabilitation Expenses
  • Death Benefits

We advise you to secure a workers compensation policy when you hire your first employee.

How Much Does Insurance for Management Consultants Cost?

While there’s no single answer for how much insurance costs for management consultants, you can get an estimate for what you may pay based on:

  • Your revenue
  • Your payroll
  • Your business location
  • The type of services you provide
  • And more

Want to find out how much your management consulting business insurance may cost?

Click here to answer a few questions so we can help you learn how much you can expect to pay for your management consultant insurance coverage.