Errors and omissions insurance for consultants
Clients hire consultants for judgment, and when a recommendation goes wrong, they look for someone to pay. E&O insurance covers your defense and any settlement, and most client contracts now require it before you start work.
- Common contract requirement
- $1M
- Per claim, often with a $2M to $3M aggregate.
- Instant estimate
- $1M / $3M
- With a $2,500 deductible through our estimator.
- Policy trigger
- Claims-made
- Coverage depends on keeping your retroactive date.
Claims consultants face
- A recommendation that cost the client money, such as a system, vendor or strategy that failed
- A missed deadline that caused the client to lose a contract or revenue
- Work outside the agreed scope, or a deliverable the client says was incomplete
- Allegations of misrepresenting your qualifications or results
What E&O covers
E&O pays defense costs, settlements and judgments when a client alleges negligence, errors or omissions in your professional services. Defense alone can cost tens of thousands of dollars even when a claim has no merit, and general liability policies exclude professional services, so E&O is the policy that responds.
Contract language to check
- Required limits per claim and in the aggregate
- Whether the client wants to be named on a certificate
- How long coverage must stay in force after the project ends
- Indemnification clauses that go beyond what insurance covers
Consulting firms we insure
- Management and business consultants
- IT and technology consultants
- Healthcare and compliance consultants
- Marketing and creative agencies
- HR and staffing consultants
Frequently asked questions
Do consultants need E&O insurance?
Most do. Clients increasingly require it in contracts, and a single claim of bad advice can cost more to defend than years of premiums.
Is E&O the same as professional liability?
Yes. The terms are used interchangeably.
Does general liability cover consulting mistakes?
No. General liability excludes professional services. You need E&O for claims that your work caused financial harm.
How much does E&O cost for a consultant?
It depends on your field, revenue, limits and claims history. Our estimator prices $1M/$3M coverage for consulting firms in about two minutes.
See your price in two minutes
Instant workers' comp and liability estimates, with a licensed agent to finish the job.