What is professional liability insurance for consultants?

Professional liability insurance, also called errors and omissions insurance, can help cover claims of: Without professional liability insurance for consultants, you and your business’ assets can be at risk. Consultant insurance is a small expense that can go a long way in helping protect you while providing services to your clients.

Are consultants liable if they don't have insurance?

Consultants who are sole proprietors could even be personally responsible for damages if they don’t have insurance. Whether you’re an education consultant, wedding consultant or any other kind of business consultant, you will likely need professional liability insurance and other types of business insurance to cover your risks adequately.

Do consulting firms need professional liability insurance?

Regardless of your type of business, clients want to know that you have the right coverage to pay for any damage caused by your actions or neglect. Professional liability insurance coverage provides protection for consulting firms when they are accused of an error, failure to deliver promised results, or professional negligence.