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Business insurance for consultants
Compare insurance quotes for consultants
Tailored insurance for professional consultants
Protect against claims from clients and the public
Bionic is the comparison site for your small business
We compare a vetted panel of trusted business suppliers
Bionic specialises in business insurance for sole traders, small businesses and more
Get cover to protect against claims from clients and the public
Get the protection you need with no needless extras. No jargon.
What is...
consultant insurance?
Stepping into businesses to advise comes with risks. Whether you’re consulting on efficiency or strategy, people look to you for advice and to make big changes. In the event something were to go wrong, it’s important you have the right insurance in place to protect you financially from any fallout of claims.
Insurance for consultants is tailored to help protect consultants from financial and legal risks associated with working in professional services.
What types of consultants are covered?
Here is an example of the consultant types we can help:
- Management consultants
- IT consultants
- Financial advisors
- Marketing strategists
- HR consultants
- Technology consultants
- Business transformation specialists
- Energy consultants
Can’t see yourself on the list? Whether you’re self-employed or run a small business, it’s likely we can help. Get in touch with us today to explore your options.
Why do consultants need insurance?
Whether you work with corporate clients or small businesses, you might run into the following risks:
- A client claims negligence or incorrect advice has caused harm
- You suffer an injury that prevents you from working
- An employee suffers illness or injury as a result of their work
If you employ anyone to work for you (including volunteers), you’ll need to take out employers’ liability insurance as a legal requirement. If you are self-employed or contracted and work alone, you don’t need this.
What does insurance for consultants cover?
Policies will vary per provider, and terms and conditions apply, so always check the small print in your policy wording to see what’s included and excluded. Your insurance cover could include:
Professional indemnity insurance
Protects you if you give out incorrect advice or a client claims professional negligence.
Public liability insurance
In case you injure someone or damage something while providing your services
Employers’ liability insurance
In case an employee gets ill or injured because of the work they do for you. A legal requirement if you have employees.
Business interruption insurance
To provide compensation if a listed event stops your business from running normally.
What doesn’t it cover?
Although not every insurer is the same, you’re likely to see some exclusions. Always refer to your policy wording to see what’s included and excluded. You may see the following exclusions:
- Intentional misconduct
- Criminal activities
- Uninsured events
- Undeclared activities
How much does consultant insurance cost?
Not all insurers are the same, so it’s difficult to give a solid figure for what you might be paying. The following will affect the price of your premiums:
- Extent of cover - The more cover you opt for, the more expensive your package is likely to be.
- Your insurer - The insurer you choose will also influence costs.
- Experience level - Your insurer could take into account how long you’ve been qualified.
- Location – Where you work is taken into consideration when calculating the price of your premiums.
Claims history - Whether or not you’ve had previous claims made against you or you have made previous claims may affect your future premiums.
Do you still need insurance if you’re freelance?
Freelance consultants are often more vulnerable to risks and should consider the right insurance, including professional indemnity.
Sort business consultants’ insurance
At Bionic, we support UK business owners and want to help in every way we can. That’s why we work with a panel of trusted insurers and carry out a business insurance comparison to find the right one for you. Get in touch with us today by starting a quote online.
“Tailored insurance for consulting professionals. Protection against claims, errors, and business risks while advising clients."
Insurance Director, James Barwell
How Bionic business Insurance comparison works
Compare business insurance quotes in three simple steps
1
Start your quote online
Speed up the process by submitting basic business details online – whenever you have time.
2
Speak to our UK-based team
Schedule a call with one of our insurance brokers to discuss the details to ensure they’re correct.
3
Compare tailored quotes
Get your quotes from our panel of trusted insurers and talk any questions through with our team.
What do I need to get started?
You only need a few details to get started with getting a quote online, so it’s best to have the following information ready to go:
Your business name and trade
Your policy start date
Your name and contact details to receive your quote options
You may be asked additional questions about business activities
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