Get a quote in minutes from our trusted insurers
Fast, easy online quote in 90 seconds
No hidden fees or cancellation charges
Tailored levels of cover to suit you
What is business consultants’ insurance?
Business consultants’ insurance features a range of cover to protect your business or management consultancy. Helping organisations improve their performance, efficiency and profitability, through providing insights, developing strategies and recommending new processes, can leave you vulnerable to certain risks where clients may hold you liable for any financial losses they incur as a result.
This insurance can be tailored to protect your particular services and business activities, including cover such as professional indemnity, legal expenses and cyber insurance.
| Unintentional breach of confidentiality/copyright | |
| Loss or damage to documents | |
| Costs of restoring data and equipment |
Why do business consultants need insurance?
As a business consultant, you will likely be providing valuable advice and services to your clients. Business consultants' insurance is here to offer protection against claims of professional negligence, errors, or omissions in your work, in addition to any injuries which may be caused to third parties during business activities. This insurance can cover legal expenses, compensation costs, and even contract disputes, ensuring that any incidents will not negatively impact your business.
If you employ anyone, you are required by UK law to have employers’ liability insurance.
Protect your business today
Find out more about insuring through us
What insurance does a business consultant need?
What business consultants’ insurance can cover?
Our business consultants’ insurance covers your legal costs and expenses in defending a claim, and any compensation or costs that may subsequently be awarded (please check your policy terms and conditions for full conditions), following:
What can be covered:
| Unintentional breach of confidentiality – such as sharing sensitive client information without permission by accident | |
| Loss or damage to documents – our policies can cover the cost of replacing or restoring any document which is lost, damaged or destroyed during the policy year to ensure you can keep trading with minimal disruption |
What cannot be covered:
| Client’s reputational damage – for example, professional indemnity insurance would not cover if your negligence results in your client needing to spend costs to recover from reputational damage | |
| Existing legal issues – for example, legal expenses insurance does not cover the costs of any legal issues which already exist when you secure the insurance | |
| Human error – for example, cyber insurance would not cover any data breaches or cyber-attacks caused as a result of human error |
Protect your business today
Find out more about insuring through us
Frequently asked questions
These frequently asked questions are designed to help you and include questions relating to policy cover, pricing and ‘technical’ terms.
Browse all FAQsThe level of professional indemnity insurance you need depends on various factors, including the size of your business and the level of risk associated with your unique business operations.
Securing insurance as a freelance business consultant is critical to protecting yourself against risk, in addition to presenting your business as a secure and protected option to large clients.
If you have any questions, contact one of our insurance experts here.
Further reading for business consultants' insurance
Understanding the different types of business insurance
Written by Michael Lawrence
What is professional indemnity insurance?
Written by Michael Lawrence