Professionals / Consultants
Comprehensive E&O/ Professional Liability Insurance
Even the most seasoned professionals encounter dissatisfied clients who may instigate a lawsuit. Consultant liability insurance, such as errors and omissions insurance, protects you and your business if a client accuses you of errors, negligence, incorrect advice, and potential omissions in your work. Errors and Omissions Insurance/ Professional Liability insurance protects you and your business covers attorney costs to defend these allegations and pay for settlements and judgments.
Additionally, professional liability insurance for consultants gives you access to defense attorneys who will immediately work on your behalf to negotiate the best possible outcome. Many times, this means having the case dropped. In other situations, the attorneys can help reach a reasonable settlement.
With Professional Liability or Errors and Omissions insurance, you do not have to pay out of pocket.
Who We Insure
InsureGen Brokers works with all types of professionals to help them get comprehensive consultant liability insurance coverage tailored to their needs.
Why Consultant Liability Insurance Is Essential
Consultant liability insurance for comprehensive cover in legal matters.
Professional liability insurance for consultants is crucial for several reasons:
Errors & Omissions Coverage
Even the most experienced consultants can make unintentional mistakes, errors, or omissions in their work that can lead to financial consequences for the client. Professional liability insurance for consultants covers the legal costs associated with defending a negligence claim, even if it is found to be baseless.
Contractual Requirements
Many clients, especially large corporations or government agencies, require consultants to carry professional liability insurance as a condition of engagement. Having consultant liability insurance demonstrates professionalism and credibility and can help you secure lucrative contracts.
Business Continuity
Consultant liability insurance protects your business from potential financial losses and legal liabilities that come with operating a consulting business. It allows you to focus on your work without constantly worrying about the possibility of legal fees and potential damages derailing your business.
How Much Is the Premium?
The premium for professional liability insurance for consultants is based on the type of work you do, the business's annual revenue, the number of employees, where your business is located, and the limits of liability you select. Premiums can be very reasonable, and the quoting process is quick and easy.
Contact us today for a detailed answer to all your questions.
Have More Questions?
Schedule a call with InsureGen Brokers today to discuss how professional liability insurance for consultants can benefit you.
