Management Consultant Insurance
- Cover your consulting risks with tailored liability insurance
- Satisfy client contract requirements affordably and easily
- Get your Certificate of Insurance (COI) instantly to start projects fast
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Consultants can pay up to $500,000 defending professional liability claims without insurance.
We can help.
No sales pressure involved.
Why Do Management Consultants Need Insurance?
Even head honchos can face unforeseen blunders. From strategic advice that backfires to contractual mishaps, having coverage ensures your reputation stays polished when common claims arise — so you can keep steering businesses to success. With Insurance Canopy as a partner, we navigate the stormy seas of liability for you.
If your business plan fails to meet the expected ROI
Professional liability coverage pays for any potential legal costs.
If a client slips and falls during a meeting in your office
General liability insurance covers third-party injury claims.
If mishandled client data leads to information theft
Cyber liability insurance can assist with recovery expenses.
If your work computer shatters
Tools and equipment coverage can help get it replaced or repaired quickly.
How Much Does Management Consultant Insurance Cost?
Starting at only $21 a month, Insurance Canopy offers some of the most competitive rates in the industry — because insurance is a necessity, not merely a luxury. Your premium cost is influenced by the specific details of your practice, including the types of coverage required, the size of your business, claims history, and coverage limits.
For exceptional, ongoing protection, purchase an annual policy and save up to 14% on your premium costs.
Recommended Insurance Coverage for Management Consultants
No matter how careful you are, a risk that turns into a claim could cripple your management consultant business. You can protect your career and company by customizing your policy; here’s what we recommend:
Included
Professional Liability Coverage
Professional liability protects management consultants against performance-related mistakes, like incorrect advice or missed deadlines. It’s also sometimes referred to as errors and omissions (E&O) coverage or professional indemnity insurance. With us, it’s included in your management consultant insurance policy.
We want to make sure you feel secure delivering client services and providing your expert advice, knowing you’re protected in cases of accidental professional errors, negligence, and failure to deliver services.
We protect you when
- A strategic planning error leads a client to invest in an ill-advised expansion, resulting in financial loss
- Misinterpretation of market data leads to misguided recommendations
- An oversight in product management delays a client’s product launch
Best for
- Missteps in management advice
- Errors in market analysis that lead to client financial loss
- Failure to anticipate or mitigate operational risks
General Liability Coverage
General liability coverage is designed to cover common management consulting claims, including third-party property damage and bodily injury. In addition to settlements, it can also cover legal expenses arising from claims like these, and could be required when signing a commercial lease.
While management consultants typically don’t operate in high-risk environments, it doesn’t mean you are immune to accidents.
For instance, an unstable chair could collapse beneath a client in your office, resulting in injuries that require a (costly) trip to the ER. Or during a strategy meeting at a client’s business, you might accidentally knock over an expensive piece of equipment or artwork, and they might want you to pay for the damage.
We protect you when
- A client trips over a projector cable in your office and sustains injuries that require medical care
- While setting up at a business expo, your consulting team accidentally damages the venue’s flooring
- You accidentally spill coffee on a client’s laptop, knocking it out of commission
Best for
- Medical expenses
- Damaged client property
- Libel or advertising mistakes
Additional Insureds
Additional insureds are third parties that might be held liable for mistakes arising out of your work. Being named an additional insured on your policy extends your policy’s coverage to them for mishaps your work causes.
Without this coverage, those additional parties encounter financial risks that could result in legal expenses and costly suits. Putting them out of pocket and straining your professional relationship — or even leading to costly disputes.
We protect you when
- You’re hired to train government employees at their office, and a trip hazard from your laptop cables causes an employee to fall and get injured; the agency can be protected under your insurance policy
- A client or vendor who gets injured at the office space you rent could sue both you and your landlord; being an additional insured on your policy extends your coverage to your landlord or property manager
- While setting up your booth at a convention, your setup collapses and causes damage to a neighboring vendor; as an additional insured on your policy, your insurance can protect both you and the event organizer or venue
Best for
- Office space renters
- Off-site workshops
- Personal office visits
Add-Ons
Cyber Liability Coverage
Cyber liability insurance helps management advisors cope with the fallout of data breaches and other cyberattacks. It can cover recovery costs, legal fees, expenses for notifying clients, paying for identity monitoring services, business interruption, and additional expenses.
We protect you when
- A ransomware attack encrypts your client records, demanding payment for access
- A hacker breaches your database and exposes sensitive client information
- Malware corrupts your computer systems, taking out financial data and key files
Best for
- Management consultants who store or transmit sensitive client financial or personal information online
- Advisors who want to ensure cyberattacks won’t disrupt their operations
- Protecting against ransomware incidents affecting data and systems
Fidelity Bonds
Fidelity bonds provide compensation in instances where an employee steals from your business or a client. If an employee commits criminal acts against a client — such as theft, embezzlement, or forgery — your company may be held liable, resulting in significant financial losses.
Think of bonds as available emergency funding when you need it most. A bond company compensates affected parties for their financial loss, and the business or employee at fault is responsible for repaying the bond company. Clients may require your business to carry this coverage before hiring you.
We protect you when
- You authorize a team member to process a client’s electronic funds transfer, and they divert the money into their own account
- You send an employee to improve a client’s inventory system, and they steal valuable equipment like laptops or tablets
Best for
- Contracts requiring a bond
- Businesses seeking to establish trust with their clients
Tools and Equipment Coverage
Tools and equipment insurance safeguards the essential gear management consultants rely on day in and day out from theft and damage. This includes gear like your laptop, servers, printers, and the specialized software used to manage client information and conduct financial analyses.
Imagine if your laptop, containing sensitive client data, were stolen. Not only would replacing it be expensive, but the impact on your business could be considerable. This coverage means you don’t have to worry about the significant costs of repairing or replacing your business-critical tools and equipment.
We protect you when
- Your work laptop is stolen during a business trip
- Heavy rain causes leaks in your office, damaging essential documents
- A printer is dropped while moving offices
Best for
- Protecting important documents and business equipment
Workers Compensation Coverage (Coming Soon!)
Workers compensation for business consultants protects your employees in the event of work-related injuries or illness. It ensures that your best workers receive financial support for medical bills and lost wages, which subsequently drives more trust in your company.
Business consultants work in various environments and handle diverse tasks. Workers compensation is crucial for maintaining a safe work atmosphere and enhancing overall credibility and employee morale.
We protect you when
- An employee suffers a back injury from lifting heavy client files in the office
- An employee is injured in a car accident traveling to or from a client’s location
- An employee develops carpal tunnel syndrome from excessive typing during the workday
Best for
- Consulting firms with employees
Have a unique situation you’re afraid won’t be covered? Chat with us about the specifics and we’ll see what we can do!
Coverage Limits for Management Consultant Insurance
General & Professional Liability
$2,000,000
Products & Completed Operations Aggregate
$1,000,000
Personal & Advertising Injury
Included
General & Professional Liability Each Occurrence
$1,000,000
Damage to Premises Rented to You
$300,000
Medical Expense (Any one person)
$5,000
Additional Limits
Inland Marine / Business Personal Property
$4,000
Have questions?
Our licensed, non-commissioned agents are here to answer your questions or concerns so you can get the management consulting liability insurance best suited to your needs.
Monday to Friday, 8 am – 8 pm EST
se habla español
Why Management Consultants Choose Insurance Canopy
When it comes to your business, there’s no room for compromise. Management consultants nationwide choose Insurance Canopy for peace of mind and reliable protection.
Affordable and Transparent Policies
Our policies are clear and straightforward, with no hidden surprises — just reliable protection for your consulting business.
Tailored for Small Businesses Like You
We’re aware of the unique risks management consultants face. Our coverage is designed to protect your career and support your business as it grows.
100% Online Backed by US-Based Support
Manage everything online with ease, knowing that personalized support is here for you when you need it. We’re happy to assist you every step of the way.
135,000+ Small Businesses Trust Insurance Canopy
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TLJ's Mobile Mixology, LLC had been insured with Insurance Canopy since it's inception and we have no complaints.
Tenisha J.
February 4, 2025Knowledgeable, kind, attentive and professional. She helped me to feel comfortable, well taken good care of and get the service possible.
Ed Levitt
February 3, 2025As a Massage Therapist, I was not aware until a few years ago that I did not have to be part of an Organization to get my liability insurance! I... Read More
Kristie Williams
January 30, 2025 -
This insurance has helped me secure events with my corporate and local government clients. They have great customer service and are always willing to help.
Tony Felix
January 23, 2025Representative was clear & concise in explaining specifics of the policy. Cost of policy very reasonable.
John B
January 16, 2025I’m very happy with my purchase of liability insurance for a one-off event. I was even able to edit the policy after it had been issued with the help of... Read More
jay gedeon
January 6, 2025 -
Super easy to use and great service; I had a little error from my part and needed to correct it customer service was super helpful they guided me through the... Read More
Ana Zavala
January 6, 2025I needed some liability insurance for my business. The team at Insurance Canopy had great recommendations and the insurance was reasonable for the coverage. Web site and process... Read More
Susan Tedesco
January 6, 2025Great coverage, excellent price, terrific customer service. I checked out a lot of different carriers and they had the best reputation and coverage. Since most venues require insurance, it was... Read More
Steve Bryant
January 6, 2025 -
Was waiting for two other insurance companies to get back to me for over 2 1/2 weeks and losing money every day. Sitting here, frustrated I asked ChatGPT what... Read More
Chad Laibly
January 6, 2025Great and affordable insurance
Peter DAntoni
December 6, 2024Being a caricaturist, I never understood why I needed liability insurance, but it got to that point where I was missing opportunities because of it. So, I researched a bit... Read More
Paul McNeilly
November 12, 2024 -
I’m just saying that is easy to get the vendors insurance with this company
Silvia Delgado
November 6, 2024Definitely a great asset to my business, I have never had a problem getting what I need from IC. Good communication skills, always get help from the agents, attenuative on... Read More
Robert Avila
November 6, 2024Your site was extremely easy to use, I was able to get my event insured for what the event planners wanted. The price was so affordable. Even chatting... Read More
Rebecca Ruby
November 6, 2024 -
Quick easy sign-up convince is great
Vincent Davanzo
November 6, 2024Great to work with. Always available for assistance.
Two Pour Girls Bartending
November 6, 2024Best customer service I have ever had in regards to insurance.
Edward Findley
November 5, 2024 -
Super easy and convenient. Just renewed, thanks.
Wendy Berg
November 3, 2024Great to work with. Always available for assistance.
Courtney Araneo
November 3, 2024This is only the second year I have had this insurance. Haven't had to use it. But it's nice to know i have it. The price is great too
Vickie Sundgren
November 3, 2024 -
Canopy insurance has been great for my business. Definitely a five star definitely recommend it..
Fernando Ferreira
October 12, 2024Very easy and straight forward experience! The agent and live chat were instrumental in acquiring my policy.
Jacob Smith Jr
October 7, 2024Rey was amazing. So easy! So fast!
Herman Koch
September 30, 2024 -
Always treated well. They take care of my business insurance and I don’t have to worry about anything with insurance canopy in my corner. 10 year customer.
Mark Paquin
September 14, 2024Excellent rates and coverage! Did a lot of homework before going with Insurance Canopy, by far the best bang for the buck 🙂
Alana Wyld
September 14, 2024She is positive and friendly !
Alan Dynin
September 14, 2024 -
Had a great experience obtaining a policy quickly for a solo musical act. After a year, modified my policy to a fully staffed production easily using the chat feature of... Read More
Paul Tolle
September 6, 2024I am a professional mobile DJ. I use Insurance Canopy for a policy to cover my equipment and liability. They are easy to do business and the website makes... Read More
Don Kirby
September 6, 2024Best price I have found! Excited to be a customer
Dustin Price
September 6, 2024
-
TLJ's Mobile Mixology, LLC had been insured with Insurance Canopy since it's inception and we have no complaints.
Tenisha J.
February 4, 2025 -
Knowledgeable, kind, attentive and professional. She helped me to feel comfortable, well taken good care of and get the service possible.
Ed Levitt
February 3, 2025 -
As a Massage Therapist, I was not aware until a few years ago that I did not have to be part of an Organization to get my liability insurance! I... Read More
Kristie Williams
January 30, 2025 -
This insurance has helped me secure events with my corporate and local government clients. They have great customer service and are always willing to help.
Tony Felix
January 23, 2025 -
Representative was clear & concise in explaining specifics of the policy. Cost of policy very reasonable.
John B
January 16, 2025 -
I’m very happy with my purchase of liability insurance for a one-off event. I was even able to edit the policy after it had been issued with the help of... Read More
jay gedeon
January 6, 2025 -
Super easy to use and great service; I had a little error from my part and needed to correct it customer service was super helpful they guided me through the... Read More
Ana Zavala
January 6, 2025 -
I needed some liability insurance for my business. The team at Insurance Canopy had great recommendations and the insurance was reasonable for the coverage. Web site and process... Read More
Susan Tedesco
January 6, 2025 -
Was waiting for two other insurance companies to get back to me for over 2 1/2 weeks and losing money every day. Sitting here, frustrated I asked ChatGPT what... Read More
Chad Laibly
January 6, 2025 -
Great coverage, excellent price, terrific customer service. I checked out a lot of different carriers and they had the best reputation and coverage. Since most venues require insurance, it was... Read More
Steve Bryant
January 6, 2025
Questions You’ve Asked Us About Management Consultant Insurance
Is my management consultant insurance policy effective immediately?
Yes — your insurance policy can be immediately active upon purchase. You’ll get instant coverage confirmation and your Certificate of Insurance (COI) as soon as you complete the online application and payment.
Can I cancel my management consultant coverage at any time?
Yes, you can cancel your management consulting insurance with Insurance Canopy at any time through your policy dashboard or by reaching out to our customer service team for assistance with the cancellation process.
Check your policy terms for any potential cancellation fees or eligibility for refunds to ensure a smooth transition.
How do I file a claim?
Filing claims with Insurance Canopy is easy:
- Log in to your dashboard
- Find “Manage Policies”
- Click on “File a Claim” and share your info
Once you’re finished, a claims adjuster will reach out to assist you. They’ll be with you every step of the way to ensure the claims process runs smoothly. Our support team is also available — if you have any questions or need assistance, please feel free to reach out.
How do I renew my management consultant insurance policy?
Your policy will automatically renew at the end of your policy term to ensure that you have continuous coverage. We will send you an email reminder prior to the renewal, so you will always know when to expect a billing charge. If you need to make any changes or adjustments to your policy, our support team is here to assist you!
Consult with Confidence — We’ve Got the Coverage
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