Insurance for Consultants

Coverage your firm needs

E&O / Professional Liability

Covers claims when your consulting work causes a client financial harm. The biggest issue for consultants: most policies define "professional services" as advisory work. If your firm also does implementation, project management, or system configuration, that work may not be covered under a standard advisory definition.

Cyber Insurance

Consulting firms handle client strategic plans, financial data, M&A details, and proprietary information. You are a target because you hold sensitive data across multiple clients. Covers data breach response, ransomware, business interruption, and regulatory defense.

D&O Insurance

Protects partners and leadership personally. Important for consulting firms with multiple partners, especially when taking on new practice areas, restructuring, or facing disputes with departing consultants.

General Liability & Business Insurance

General liability, workers comp, BOP, and umbrella coverage. Client contracts and MSAs almost always require GL at $1M/$2M. If your consultants work on client sites, GL is particularly important.

What I check that many brokers skip

• Advisory vs. implementation definitions. If your E&O says "consulting and advisory services," implementation work may not be covered. If your firm does both, the definition needs to include both.
• On-site work endorsements. If your consultants work at client locations, some policies limit or exclude coverage for work performed off your premises.
• Tech E&O vs. general E&O. If your firm provides technology services, a general E&O may not cover technology-specific claims like software failures or system outages. I determine which one fits.
• Subcontractor coverage. Many E&O policies only cover work done by your employees. If a subcontractor makes an error on your engagement and the policy excludes subcontractor work, the claim is not covered.