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Consultants Insurance Package

Consultants 

If your services as a business consultant include, among similar services, offering managerial advice, maintaining confidential information, and recommending financial plans and investment strategies, you should consider a small business insurance policy. With Hiscox by your side, you can keep financial hang-ups from hurting your ability to serve your clients day in and day out.

The heart of every good Consultants insurance package is the professional liability coverage (Errors & Omissions). Professional liability coverage protects you from mistakes made while working with clients.¬† This coverage specifically fills the coverage gap in general liability policies created by the ‘your work’ exclusion in those policies.

Cyber liability coverage is quickly becoming one of the most important pieces your firm needs in its insurance package. This coverage protects you in the event either you or your clients suffer a loss due to your computer network being compromised or private client information being leaked. This is by far the fastest growing area of concern for Accounting firms.

The Business Owners Policy includes many broad coverages that apply to every firm. Most notably, the general liability and property coverage are offered here. The property coverage includes either owned or leased/rented offices and all business personal property. The general liability portion of the BOP protects you from liability related to bodily injury and property damage where your at fault. The general liability coverage does include an exclusion for ‘your work’ which necessitates the need for the professional liability policy noted above.

Workers’ compensation coverage provides the state required levels of protection for you and your employees in the event they are injured on the job. For firms in Washington state, we include stop-gap coverage on the Business Owners Policy to cover the employer liability portion of the workers comp policy.

These are the management liability coverages your firm needs to provide cover for claims stemming from:

Employment Practices Liability – Protects the firm from employee harassment complaints, discrimination, wage and hour complaints

Directors & Officers – Protects the firm and corporate leaders personally for failure to act in good faith, misuse of company funds, misrepresentations of company assets, breach of fiduciary liability , non-compliance, and more.

Get a quote

We try to make is as easy as possible for you to get a quote from us. The only 2 items we need are:

1. Completed application (new or renewal) – We can usually use the application you’ve already completed for your current carrier
2. Copy of your current policy – This allows us to match your retroactive date to cover past work and provide any special coverages you may have on your current policy

If you haven’t completed an application for your current carrier, then you can download our application here:

Consultant.pdf

*Return completed applications to chad@priemco.com*