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
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This was a very easy process of purchasing DJ insurance, I mostly like the affordable reasonable rates.
Jeffrey “Jay jay” C
June 19, 2023Wonderful quick and easy!
shani files
December 6, 2022Easy to set up And good price! I did shop around and found this company took me 20 minutes to get everything done ...got a custome made Liquor Liability insurance... Read More
Carlos Aguirre
June 26, 2022 -
Beta use only // easy, great… unbelievably easy to add and remove and insured and uninsured… almost too easy so thank you dad
kayla ciruzzi
May 26, 2023Rates were very competitive and I had great help when I called with questions. The application was fast and easy to fill out online. I haven’t had to file a... Read More
Katie Gustafson
August 26, 2022Incredibly user-friendly set up. Super impressed with the ease of purchasing my policy. Great!
Tim Cunningham
June 26, 2022 -
Excellent online experience, clean, clear instructions. At the right price too.
Malcom Massey
September 26, 2022Insurance Canopy has given us piece of mind to conduct our business and know that it, as well as, our clients are protected. The ease of accessing any policy documents... Read More
It’s About 2 Go Down Entertainment
June 21, 2023I got the coverage I needed. The coverage wasn’t extravagant in price and I was able to add an additional insured. Thanks for the great service.
ShoMoDjs DJ and Audio Visual Services
January 6, 2023 -
Good insurance! Quick!
Ariana Hadavi
October 19, 2022Quick easy to understand and reasonable. Detailed instructions and easy to ise. Canopy did it all for my team
Kappa Xi
September 26, 2022Easy to sign up. Got my insurance emailed to me within minutes. Thank you!
Jason Lavea
June 12, 2023 -
It was easy to fill the forms out online and all the information
Melissa Prado
August 26, 2022Quick and painless way to get insured
Jay Foster
February 20, 2023I'm very happy to have found you guys for my business. The website is easy to navigate. The support service is excellent. Affordable prices for balloon artists and party entertainment... Read More
Blanca Mendoza
May 26, 2023 -
Very easy process. Stefani stayed on the phone and walked me through the process. Took about 5 minutes and my group was insured. Excellent service.
Robert Stewart
June 26, 2022Super easy, easy to understand and a great price.
Alan Browning
September 26, 2022So far, so good.
Jeff Nelson
December 6, 2022 -
Amazing service. Very fast, straightforward and helpful. Thank you for providing me with the necessary insurance coverage for my company and equipment. ???
Mike Cruz
October 12, 2022Super easy and straightforward.
Emily Mallar
October 12, 2022You can't beat the price and once I called in, the guy I spoke with told me everything I needed to know and I was signed up within minutes. Amazing!!!
Michele Gibson
July 26, 2022 -
It didn’t start out so smooth but Jamal was helpful getting my additional insured added
Grog
June 12, 2023It has been great working with Insurance Canopy and especially Faith Ortiz. A+++
ND3423
May 26, 2023Super fast and easy to set up. Very reasonably priced.
Rachel Miller
February 6, 2023 -
Fast Great Reasonable Coverage Price!!!! Very helpful to all who needs insurance right away and to any type of business who has to comply with proof of insurance. it's... Read More
John Togado
December 6, 2022Was in a jam. Needed the insurance for a gig coming up and the process was sooo simple! The coverage is exactly what they were looking for and we are... Read More
joe barton
October 12, 2022So far this company has been great. Answered my questions promptly and got a quote promptly.
Natalie Thompson
October 12, 2022 -
Very helpful agents! Will definitely recommend to all my industry friends!
Entertainment Labs
May 26, 2023I’m so happy with your company!!!
Jenalyn Smith
October 19, 2022Great place to get affordable DJ insurance. Keri took the time to get me the right coverage I needed, thanks again!
Carlos Navarro
September 26, 2022
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It was a very easy experience.
Pamela Burton
February 13, 2023 -
The process to apply for insurance was very easy and I appreciated how smooth it went. However, I didn’t like auto renew without my permission. I’m 69 and... Read More
Regina Nowak
May 26, 2023 -
So far this company has been great. Answered my questions promptly and got a quote promptly.
Natalie Thompson
October 12, 2022 -
I had the best experience because I spoke with an agent Stephanie Davis that was truly knowledgeable and very patient with me to walk me through the entire process.... I... Read More
Cabbage
August 26, 2022 -
It didn’t start out so smooth but Jamal was helpful getting my additional insured added
Grog
June 12, 2023 -
I’ve been looking for the right insurance company. And I’ve found it ! Awesome prices and great coverage plans. Thank you !!
Javier Valderrama Jr (BeastMode_Cyclist_Javy)
August 26, 2022 -
Exactly what I needed
Nichole Jackson
December 6, 2022 -
Beta use only // easy, great… unbelievably easy to add and remove and insured and uninsured… almost too easy so thank you dad
kayla ciruzzi
May 26, 2023 -
Simple and easy on line process and I saved money compared to a large nationally known insurer
Bill Ladwig
January 6, 2023 -
Super easy and straightforward.
Emily Mallar
October 12, 2022
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
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