In most cases, Commercial General Liability Insurance (also known as CGL Insurance) won’t cover you for financial damage to others caused by your professional services or advice. Fortunately, EasyCover offers Professional Liability Insurance (also known as Errors and Omissions Insurance) for Consultants.

Do I need public liability insurance as a consultant?

If you’re a freelancer or business consultant or location-independent worker who never meets clients where you work, then you’ll need professional indemnity cover for your work. But, anyone who might meet clients at home would also need public liability insurance.

What insurance do I need as a self employed consultant?

Other types of business insurance you might need

• Professional indemnity insurance.
• Employers’ liability insurance cover.
• Buildings and contents insurance.
• Equipment insurance.
• Public liability insurance.
• Product liability insurance.
• Goods-in-transit insurance.
• Credit insurance.

Do I need liability insurance as an independent contractor?

General liability insurance is essential for independent contractors because: It protects you and your business. Independent contractors have the same legal obligations and liability exposures as larger firms. They can be sued for damaging client property, causing bodily harm, or advertising injury.

What kind of insurance do I need for a consultant?

Protect Your Business With Consultant Liability Insurance From The Hartford We offer professional liability coverage for consultants that can help protect you from claims that could cost you your business. We’re an insurance company with over 200 years of experience, so we understand that every business faces unique challenges.

Why do I need liability insurance for my consulting business?

On the other hand, liability insurance will pay those costs for you. Commercial General Liability (CGL) insurance is useful to protect your consulting business in the event a client files a suit claiming you caused them an interruption in service or financial loss.

How much does business consulting insurance cost per month?

How Much Does Business Consulting Insurance Cost? The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small business consultants ranges from $27 to $39 per month based on location, industry, payroll, sales and experience.

What are the limits on consultants liability insurance?

Aggregate Liability Limits: The total cost of all claims filed under your liability insurance is the aggregate. The aggregate liability limit for your policy is the maximum amount of money the insurance company will pay for all claims. You will be responsible for any costs that surpass the liability limit.