Insurance For Management Consultants
We know management consultants, and as such are able to provide various types of business insurance for management consultants in California, Arizona, Florida, Georgia, New York, Texas, Washington, and others. With competitively priced business insurance options such as professional liability and general liability, we have management consultants covered.
Professional Liability Insurance – Errors and Omissions Insurance (E&O)
The primary type of business insurance that a management consultant should carry in order make sure that they are protected against claims is professional liability insurance, commonly also referred to as errors and omissions insurance or E&O insurance. Professional liability insurance for management consultants is meant to offer coverage against claims such as a client who claims that they received bad advice or information from the management consultant that then lead to a financial loss. Even if no mistake has actually been made, accusations can still lead to costly legal fees. Luckily professional liability insurance can help to cover the cost of legal fees that can pile up while defending a claim.
General Liability Insurance
General liability insurance may also be important for certain management consultants, such as those that meet with clients often or work at their clients’ locations, or those management consultants that lease or own a commercial office space. Claims resulting from incidents such as accidental bodily injury or property damage are typically not covered by a professional liability policy, which is where general liability becomes important. Many management consultants simply carry general liability insurance in order to satisfy requirements with one of their clients, or sometimes their landlord.
Other Business Insurance Coverages
Various other types business insurance are available to management consultants such as cyber liability, and commercial crime insurance. Contact us today with any questions about which type of business insurance is right for your business.