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Management Consultant Insurance

Protect your consulting business from potential liabilities and risks with specialized insurance designed specifically for you. The price starts at only $229/year.

Most POPULAR

$229

Yearly Policy
4.8/5
Backed by
Great American Insurance Group logo
Belfast company logo

Affordable, Fast, and Comprehensive

Our Management Consultant Insurance Coverage Is Designed To Meet Your Unique Needs

What is Management Consultant Insurance?

Management consultant insurance is designed to protect professionals in the field of management consulting. It provides protection from potential risks and liabilities arising from consultant advice. This insurance helps safeguard consultants from lawsuits, claims, or damages resulting from errors or negligence in their services. Management consultant insurance covers legal defense costs, settlements, and judgments, providing consultants with financial security and peace of mind.

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Who Needs Management Consultant Insurance?

Management consultant insurance offers comprehensive coverage for various types of management consultants, including:

  • Independent Management Consultants
  • Business Analysts
  • Consulting Firms
  • HR Consultants

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How Much is Management Consultant Insurance?

Management 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.

For a comprehensive understanding of how to tailor your insurance coverage to suit your needs as a management consultant, please refer here.

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Why Choose Insurance Canopy?

We Have A (Nearly) 5 Star Rating

  • quick and easy to sign up and did not break the bank!!

    Michael “Michael” Jobe Avatar 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 Avatar Robert Caudle
    April 7, 2024

    Easy to apply online, it take 5 mins and get your provf of Insurance.

    Francesca Wine Avatar Francesca Wine
    April 6, 2024
  • I 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 Avatar Lucia Boroczk
    April 4, 2024

    Just the insurance I needed. I wish the website would allow me to share pages!

    Ellen Brodsky Avatar Ellen Brodsky
    April 2, 2024

    This insurance fits my needs as a yoga instructor with a small studio at a reasonable price.

    Hillary Blackton Avatar Hillary Blackton
    April 2, 2024
  • It was fast and easy.

    Vincent Cabello Avatar 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 Avatar Patrick McElhaney
    March 27, 2024

    Process was easy. Relevant information accessible. Platform is very user friendly.

    Carolina Santos Avatar Carolina Santos
    March 26, 2024
  • The agent was awesome, helped me through my application completely, very professional, humble and helpful! I love Canopy’s concept!!! Thanks, Lionel

    Lionel Harrison Avatar 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 Avatar Aaron Copenhaguen
    March 26, 2024

    Getting 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 Avatar Herman Hildo
    March 25, 2024
  • I 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 Avatar Darron Hines
    March 25, 2024

    Super friendly service..

    Kristina Strong Avatar Kristina Strong
    March 25, 2024

    I 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 Avatar Greg Hoover
    March 25, 2024
  • Reasonable 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 Avatar Kate Whelan
    March 25, 2024

    Very easy process to get peace of mind

    Kristen Talusan Avatar Kristen Talusan
    March 25, 2024

    great experience so far, always able to reach a human representative on the phone!

    New Groove Avatar New Groove
    March 25, 2024
  • Insurance Canopy gives me peace of mind for my practice.

    Adriana Chacon Avatar Adriana Chacon
    March 25, 2024

    Great service, affordable insurance, easy to work with.

    Roland Cache Avatar Roland Cache
    March 18, 2024

    The wait was way too long, however it was worth it. The representative that helped me was knowledgeable, patient, and reassuring.

    susan fletcher Avatar susan fletcher
    March 11, 2024
  • Fast procedure with clear price options. Did everything in less than 5 minutes

    Ron Geraci Avatar Ron Geraci
    March 11, 2024

    If you are in the entertainment business this is the best and most easiest insurance to use.

    Dance Smith Productions Avatar Dance Smith Productions
    March 1, 2024

    Very easy set up for a policy and friendly conversation with on line and customer support

    Vito n/a Avatar Vito n/a
    March 1, 2024
  • Site easy to navigate, good price, good customer service.

    Yosie Coronel Avatar Yosie Coronel
    March 1, 2024

    Process went very well. Best price and able to add a secondary insured.

    Jacque Avatar Jacque
    March 1, 2024

    Renewal of policy was smooth and didn't have to do a thing! Excellent customer support! Will refer family and friends. Thank you Insurance Canopy!

    Ram Seetharam Avatar Ram Seetharam
    March 1, 2024
  • Insurance Canopy has some issues when navigating the website. However, they have reasonable rates and seemingly good coverage. I’ve never had to file a claim. So I will make a... Read More

    Gabriel Sherry Avatar Gabriel Sherry
    March 1, 2024

    We have worked extensively with Faith Ortiz and each time it has been a pleasure! Faith is efficient, incredibly knowledgeable, and a joy to work with. Even in situations with... Read More

    Andrew Bawdon Avatar Andrew Bawdon
    February 1, 2024

    Faith has been working with us for a while now and consistently goes out of her way to help us find a solution. We greatly appreciate all her and her... Read More

    Jaimee Gomez Avatar Jaimee Gomez
    February 1, 2024
  • quick and easy to sign up and did not break the bank!!

    Michael “Michael” Jobe Avatar 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 Avatar Robert Caudle
    April 7, 2024
  • Easy to apply online, it take 5 mins and get your provf of Insurance.

    Francesca Wine Avatar Francesca Wine
    April 6, 2024
  • I 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 Avatar Lucia Boroczk
    April 4, 2024
  • Just the insurance I needed. I wish the website would allow me to share pages!

    Ellen Brodsky Avatar Ellen Brodsky
    April 2, 2024
  • This insurance fits my needs as a yoga instructor with a small studio at a reasonable price.

    Hillary Blackton Avatar Hillary Blackton
    April 2, 2024
  • It was fast and easy.

    Vincent Cabello Avatar 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 Avatar Patrick McElhaney
    March 27, 2024
  • Process was easy. Relevant information accessible. Platform is very user friendly.

    Carolina Santos Avatar Carolina Santos
    March 26, 2024
  • The agent was awesome, helped me through my application completely, very professional, humble and helpful! I love Canopy’s concept!!! Thanks, Lionel

    Lionel Harrison Avatar Lionel Harrison
    March 26, 2024

What’s Covered in Management Consultant Insurance?

Business consultants need several key coverage types for complete insurance protection:

General Liability

General Liability coverage provides necessary protection against claims from third parties for bodily injury, property damage, or personal and advertising injury. This coverage includes legal expenses, settlement costs, and damages awarded in lawsuits, offering financial protection for management consultants in a field where unexpected accidents can happen.

Professional Liability Coverage

Professional liability coverage is essential for protecting consultants from claims of negligence, errors, or omissions. There is a risk of client dissatisfaction or financial loss when providing advice and recommendations. This coverage pays for defense costs, settlements, or judgments, allowing consultants to focus on their work without the worry of professional risks.

Errors and Omission Coverage

Errors and omissions (E&O) coverage offers protection against mistakes, negligence, or failure to provide accurate advice or services to clients. This insurance covers legal fees, settlements, and damages from claims related to consulting work. E&O coverage provides financial security, enabling consultants to deliver high-quality services without concern for potential financial burdens.

Cyber Liability Coverage

Cyber liability coverage protects against financial losses and damages caused by cyber-attacks. This includes data breaches, hacking incidents, and identity theft. Management consultants who handle sensitive client information online need this coverage for effective risk management. It ensures preparedness and financial security in case of a cyber incident.

Tools and Equipment Coverage

Management consultants are properly protected from the financial impact of damaged, lost, or stolen tools and equipment. This is especially important for consultants who rely heavily on specialized tools for their work. Consultants can have peace of mind knowing that unexpected incidents will not disrupt business operations because the necessary tools can be replaced or repaired promptly.

Coverage Limits for Management Consultant Insurance

Management consultant insurance offers various coverage options with specific limits, including:

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

two women having an enjoyable conversation sitting across from each other

FAQs About Management Consultant Insurance

Answers to Common Questions About Management Consultant Insurance.

Get Protected with Insurance Canopy Today

Management consultants are instrumental in optimizing business operations and achieving goals. However, this profession carries risks and liabilities. Therefore, it is imperative for management consultants to obtain adequate insurance coverage to safeguard against unforeseen circumstances. Insurance Canopy specializes in tailored coverage options designed specifically for business consultants, including professional liability, general liability, and cyber liability insurance.

Insure Your Management Consulting Practice Today

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