Insurance for management consultants

Insure your business with a tailored policy

Management consultants are in a unique position of trust, with clients relying on you for advice and expertise. With Simply Business, you can get insurance that protects both your consultancy and your clients. Just build your own policy from a range of key covers, ending up with a single premium, a single renewal date, and a single set of documents. It’s quick, quality cover, without the hassle.

Cover from £6.82 a month, get insured in minutes. (10% of direct debit customers repay their annual policy in 10 monthly payments of £6.82 or less across all our trades insured. Based on data from 1 October 2019 - 31 March 2020, for comparison only. Cancellation charges may apply, please refer to our full terms & conditions.)

What insurance do management consultants need?

Public liability insurance is often an important cover for businesses, as it can protect you if someone is injured or their property is damaged because of your business. Simply Business offers between £1 million and £5 million in cover, to protect you against this cost.

Professional indemnity insurance is a vital consideration for all businesses that give advice or offer professional services to other businesses. It covers you in the event that you give faulty advice that causes financial loss to a client.

If you have employees, contractors, casual workers or temporary staff, you’re required by law to take out employers’ liability insurance. It’ll cover claims from employees who’ve been injured or become seriously ill as a result of working for you.

Management consultant insurance policy details

It’s very important to make sure you understand what you need from your insurance. Use the check points below to get you thinking.

• Make sure you read your policy documents carefully and that you understand any exclusions that may apply
• Find out what level of professional indemnity insurance your clients might expect before you buy
• If you employ people, even in your own home, you’re legally obliged to take out employers’ liability insurance. Not doing this could lead to a heavy fine

Need more details? Hear more about your business cover options from our expert team in a quick set of videos. Just choose the cover you’re interested in and get some expert insight into how each option can help your business. You can also check out our business insurance FAQs.