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One in 45 small business owners experience a claim
Based on Hiscox claim data from 1/1/2016-1/30/2019
Eligible Professions
- Business consulting
- Education consulting
- Human resources consulting
- IT consulting
- Management consulting
- Marketing consulting
- Research consulting
- Resume consulting
- Strategy consulting
- Other consulting services
Common Risks for Consultants
- Bodily injury
- Defamation, libel, slander
- Dissatisfied client
- Errors and omissions by temporary staff
- Loss/damage to client data
- Negligence
- Third-party property damage
- And much more
The Curcuru Agency Bundle for Consultants
PROFESSIONAL LIABILITY (PL)
Also known as errors and omissions, or E&O, coverage, this protects you from claims of negligence during the course of conducting business. You’re protected even if you haven’t made a mistake.
GENERAL LIABILITY (GL)
Protects your business from a third party’s claims of bodily injury, property damage, and personal injury like slander and libel.
Claim Scenarios for Consultants
PL CLAIM EXAMPLE
Negligence:
You recommend that a client restructure his business, including selling off marginal business units. The strategy backfires as the sold off units begin to prosper and the core business declines. The client sues you for giving him bad advice. Professional liability insurance protects against claims of negligence and will appoint an attorney to defend you, even if you haven’t made a mistake.
GL CLAIM EXAMPLE
Bodily injury:
A prospective client came to your office to discuss an upcoming project. As the client is leaving, he leans on a loose stair railing that gives way. He loses his footing and falls down the stairs, sustaining injuries that require hospitalization. General liability insurance protects against third-party claims of bodily injury, associated medical costs, and property damage.