Business Consultant Insurance
Secure your consulting career with peace of mind! Safeguard your business consultant practice with flexible and affordable insurance coverage, starting at only $229/year.
Affordable, Fast, and Comprehensive
Our Business Consultant Insurance Coverage Is Designed To Meet Your Unique Needs
Customizable Policies
Get only the coverage you need, and save money by not paying for coverage you don't need.
Instant COI
Get a certificate of insurance instantly to book clients faster and increase your revenue.
Simplified Coverage
Streamline your insurance coverage and reduce paperwork by covering multiple services under one policy.
What is Business Consultant Insurance?
Business consultant insurance is a specialized coverage designed to protect professionals in the business consulting field. It provides comprehensive coverage for various risks and liabilities that may arise during consulting activities. This insurance includes professional liability coverage for negligence, errors, or omissions in professional advice. It also has general liability coverage for bodily injury, property damage, or advertising injury claims. Business consultant insurance is crucial for mitigating financial risks and protecting a professional reputation in unforeseen circumstances or legal claims.
Who Needs Business Consultant Insurance?
Business consultant insurance is essential for a range of professionals in the consulting industry, including:
- Sales consultants
- Strategy consultants
- Project management consultants
- Financial consultants
- Legal consultants
- Operations consultants
How Much is Business Consultant Insurance?
Business consulting insurance is available for as low as $21.08 per month or $229 per year. The cost can vary depending on:
Gross income of your business.
- Selected coverages.
- Coverage limits.
To learn more about customizing your insurance as a business consultant, you can review the information provided here.
Why Choose Insurance Canopy?
We Have A (Nearly) 5 Star Rating
-
Affordable plan and very easy to access when I need it
Angela Lobianco
July 13, 2024I have been associated with this company for 3 years. They would have deserved no more than 1-2 stars at the time. They have progressively leveled up their customer service... Read More
Angela Fischetti
July 12, 2024Great company with a courteous staff. Website is smooth and navigable with many options for all different kinds of fitness professionals. Best insurance options as well
Rich Bonifazio
July 12, 2024 -
Always easy to use! Thank you!
CahillandDelene
July 12, 2024I think this is the third year in a row that I continue to carry my independent contractor insurance through Insurance Canopy. They make it easy for me, and alert... Read More
susanf
July 5, 2024Nothing but positive things to say. Great company, have used them for years.
Brandon Kennedy
July 5, 2024 -
Always done very well for us. Highly recommended.
Kenny Casanova
July 5, 2024Thank you so much for the wonderful service. It is alway so easy to renew my policy each year!
Jamilyn Boze
July 5, 2024quick and easy to sign up and did not break the bank!!
Michael “Michael” Jobe
April 8, 2024 -
Received many quotes that were multiple times more expensive. Needed something fast, easy and inexpensive for a high needs client. Customer had what they needed 5 minutes after... Read More
Robert Caudle
April 7, 2024Easy to apply online, it take 5 mins and get your provf of Insurance.
Francesca Wine
April 6, 2024I had shopped a few websites including my home/auto policy holder and was not satisfied with their inability to insure me. Other sites wanted ridiculous down payments and one time... Read More
Lucia Boroczk
April 4, 2024 -
Just the insurance I needed. I wish the website would allow me to share pages!
Ellen Brodsky
April 2, 2024This insurance fits my needs as a yoga instructor with a small studio at a reasonable price.
Hillary Blackton
April 2, 2024It was fast and easy.
Vincent Cabello
March 31, 2024 -
Chat support is terrific. I have chatted multiple times and each time the support team is very prompt, customer focused and knows the answers. The policy website is also very... Read More
Patrick McElhaney
March 27, 2024Process was easy. Relevant information accessible. Platform is very user friendly.
Carolina Santos
March 26, 2024The agent was awesome, helped me through my application completely, very professional, humble and helpful! I love Canopy’s concept!!! Thanks, Lionel
Lionel Harrison
March 26, 2024 -
I've been using Canopy for all my businesses. Always responsive, easy to use and the cheapest around. Can't ask for more! - A 10+ note from a happy customer here!
Aaron Copenhaguen
March 26, 2024Getting insurance is the best thing a fitness professional can do to protect themselves. I feel better knowing Canopy has got my back. Simple and easy to sign up.
Herman Hildo
March 25, 2024I Am tremendously grateful for the help I received in getting the right understanding of what policy was best to fit my needs! Thank U Canopy and Staff
Darron Hines
March 25, 2024 -
Super friendly service..
Kristina Strong
March 25, 2024I was concerned that I wouldn't find a company that could check all the boxes on our coverage wishlist. It only took one quick call and my questions were answered.... Read More
Greg Hoover
March 25, 2024Reasonable rates for small business owners. It was tough finding a policy that met my needs, but was fortunate to find Insurance Canopy. Highly recommended.
Kate Whelan
March 25, 2024 -
Very easy process to get peace of mind
Kristen Talusan
March 25, 2024great experience so far, always able to reach a human representative on the phone!
New Groove
March 25, 2024Insurance Canopy gives me peace of mind for my practice.
Adriana Chacon
March 25, 2024 -
Great service, affordable insurance, easy to work with.
Roland Cache
March 18, 2024The wait was way too long, however it was worth it. The representative that helped me was knowledgeable, patient, and reassuring.
susan fletcher
March 11, 2024Fast procedure with clear price options. Did everything in less than 5 minutes
Ron Geraci
March 11, 2024
-
Affordable plan and very easy to access when I need it
July 13, 2024 -
I have been associated with this company for 3 years. They would have deserved no more than 1-2 stars at the time. They have progressively leveled up their customer service... Read More
July 12, 2024 -
Great company with a courteous staff. Website is smooth and navigable with many options for all different kinds of fitness professionals. Best insurance options as well
July 12, 2024 -
Always easy to use! Thank you!
July 12, 2024 -
I think this is the third year in a row that I continue to carry my independent contractor insurance through Insurance Canopy. They make it easy for me, and alert... Read More
July 5, 2024 -
Nothing but positive things to say. Great company, have used them for years.
July 5, 2024 -
Always done very well for us. Highly recommended.
July 5, 2024 -
Thank you so much for the wonderful service. It is alway so easy to renew my policy each year!
July 5, 2024 -
quick and easy to sign up and did not break the bank!!
April 8, 2024 -
Received many quotes that were multiple times more expensive. Needed something fast, easy and inexpensive for a high needs client. Customer had what they needed 5 minutes after... Read More
April 7, 2024
What’s Covered in Business Consultant Insurance?
Business consultants need several key coverage types for complete insurance protection:
General Liability
General Liability coverage offers essential protection against claims made by third parties for bodily injury, property damage, or personal and advertising injury. This coverage covers legal expenses, settlement costs, and damages awarded in lawsuits, ensuring business consultants have financial protection in a field where unexpected accidents can occur.
Professional Liability Coverage
Professional liability coverage is crucial for shielding consultants from claims of negligence, errors, or omissions in their services. Providing advice and recommendations comes with a risk of client dissatisfaction or financial loss. This coverage covers defense costs, settlements, or judgments, enabling consultants to focus on their work without worrying about the risks of their profession.
Errors and Omission Coverage
Errors and omissions (E&O) coverage offers protection against mistakes, negligence, or failure to provide clients with accurate advice or services. This insurance covers legal fees, settlements, and damages related to claims arising from consulting work. E&O coverage provides financial security, allowing consultants to deliver high-quality services without worrying about potential financial burdens.
Cyber Liability Coverage
Cyber liability coverage safeguards against financial losses and damages resulting from cyber-attacks, including data breaches, hacking incidents, and identity theft. Business consultants handling sensitive client information online require this coverage for comprehensive risk management. It ensures preparedness and financial security in the event of a cyber incident.
Tools and Equipment Coverage
Properly protects business consultants from the financial impact of damaged, lost, or stolen tools and equipment. This is particularly important for consultants who heavily depend on specialized tools for their work. Consultants can rest assured that unexpected incidents won’t disrupt business operations, as the necessary tools can be quickly replaced or repaired.
Coverage Details
General & Professional Liability Limits
The most your policy will pay in a 12 month policy period for bodily injury and property damage claims that you become legally obligated to pay due to your business and professional services.
$3,000,000
The maximum amount your policy will pay in a 12-month period for bodily injury and property damage claims that result from the products you use to perform your services. However, it does not cover products that are manufactured, sold, or distributed.
$1,000,000
The amount that your policy will pay for claims arising out of one or more of the following offenses:
– False Arrest, detention or imprisonment
– Malicious prosecution
– Wrongful Eviction or Wrongful Entry
– Oral or written publications that slander or libels a person or organization
– Oral or written publication or material that violates a person’s right of privacy
– The use of another’s advertising idea in your advertisement
Included
The maximum the insurance carrier will pay for a bodily injury or property damage claim that you become legally obligated to pay due to your business and professional services.
$1,000,000
The most we will pay for property damage to any one premises, while rented to you, or in the case of damage by fire, while rented to you or temporarily occupied by you with permission of the owner.
$300,000
Medical Expense (Any one person)
$5,000
Additional Limits
Inland marine insurance covers tangible property that is movable or transportable in nature (e.g. supplies, equipment, or inventory) but excludes coverage for structures and items that are part of the structure. Note: a $250 deductible applies to this coverage.
$4,000
FAQs About Business Consultant Insurance
Answers to Common Questions about Business Consultant Insurance
What Can a Business Consultant Do?
Business consultants provide expertise to enhance operations and achieve objectives. They possess knowledge in management, strategy, marketing, operations, and finance. Consultants assess the current state, identify development opportunities, and create plans for increased productivity and profitability. They offer guidance on streamlining procedures, maximizing available resources, and making strategic choices for expansion. Hiring a business consultant is a wise investment for companies looking for a competitive edge and long-term success.
Is Business Consulting a Profitable Business?
When done properly, business consulting may be quite profitable. Business consultants provide invaluable knowledge and counsel to organizations, leading to improved operations, boosting profitability, and accomplishing goals. Strategic direction, problem-solving skills, and industry expertise can drive significant improvements and financial success. However, factors like reputation, experience, and client retention affect profitability. Long-term success in this competitive field depends on staying updated, developing skills, and producing extraordinary results.
Do You Need Insurance to Start a Consulting Business?
While not legally mandated, insurance is strongly recommended when starting a consulting business. As a business consultant, it is essential to acknowledge potential risks and client claims for damages. Insurance covers legal fees and lawsuits, giving you peace of mind and financial stability. It also increases your credibility and professionalism in the eyes of potential clients, making it a wise investment for your consulting business.
Get Covered With Insurance Canopy Today
As a business consultant, your guidance is invaluable. However, mistakes can happen, potentially leading to financial losses for your clients. Comprehensive insurance coverage is essential. Insurance Canopy specializes in tailored coverage options designed specifically for business consultants, including professional liability, general liability, and cyber liability insurance.
Insure Your Business Consulting Practice Today
