By the General Liability Guide Editorial Team. Our guides are verified against actual insurance carrier rate sheets and state industrial commissions.
Consultants provide specialized knowledge, and in the eyes of the law, that knowledge is a "Professional Service." If your advice causes a client to lose money, you can be held liable for their economic losses.
The Core 3 Policies for Consultants
- Professional Liability (E&O): Your most critical coverage. It defends you against claims of bad advice or failed project delivery.
- Cyber Liability: Since most consultants handle client data (financials, strategy), a data breach is a massive risk.
- General Liability: Essential if you have an office where clients visit or if you ever visit a client's job site.
Frequently Asked Questions
Yes. Liability caps in contracts are often challenged in court. Insurance provides the legal defense funds to uphold those caps.
About This Guide
This guide was researched and written by the General Liability Guide editorial team to help business owners navigate the complexities of commercial insurance. We use data from industry leaders and regulatory filings to provide the most accurate estimates possible.