Core coverages in this program
- •Professional Liability (Errors & Omissions)
- •General Liability
- •Cyber Liability & Data Breach Response
- •Business Owner's Policy (property + GL)
- •Workers' Compensation
- •Hired & Non-Owned Auto
What consultant insurance actually covers
The exposure that matters is financial harm from your work product: a strategy that missed a compliance deadline, an implementation that overran budget, a staffing recommendation that created a wrongful-termination claim. General liability will not respond to any of those — it covers bodily injury and property damage. Errors & omissions is the policy that defends and indemnifies a professional-services dispute, including defense costs when the allegation is groundless.
Typical consultant insurance costs
Pricing follows revenue, the size of contracts you sign, and whether your advice touches regulated outcomes (healthcare, financial, legal, safety). Independent consultants under $250K of revenue commonly land near the low end; firms signing seven-figure engagements pay materially more because required limits rise.
| Firm profile | E&O $1M/$1M | GL $1M/$2M | Cyber $1M |
|---|---|---|---|
| Solo consultant, <$250K revenue | $800–$1,600/yr | $400–$650/yr | $600–$1,200/yr |
| Boutique firm, $250K–$1M revenue | $1,800–$4,500/yr | $650–$1,200/yr | $1,200–$2,500/yr |
| Firm with employees, $1M–$5M revenue | $5,000–$15,000/yr | $1,200–$3,000/yr | $2,500–$6,000/yr |
Renewing in the next 90 days?
That's the sweet spot to re-shop your coverage. KTL benchmarks your renewal across 20+ A-rated carriers — most clients see options within one business day.
What your client contracts will require
Before you can invoice, procurement usually asks for a certificate matching specific contract language. Read the insurance exhibit before you buy, because retrofitting limits mid-term costs more than quoting them correctly up front.
- •$1M per claim / $1M aggregate professional liability (often $2M for enterprise clients)
- •$1M/$2M general liability with the client named as additional insured
- •Waiver of subrogation and primary & noncontributory wording
- •Cyber liability when you touch client data, systems, or PII
- •Workers' comp or a sole-proprietor exclusion form if you have no employees
Claims-made retroactive dates — the detail consultants lose money on
E&O is written claims-made: it responds only if the claim is reported while the policy is active and the work was performed after the retroactive date. Switching carriers and resetting that retro date silently erases coverage for every project you already delivered. KTL carries prior acts forward on every renewal move and confirms it on the binder.
Workers' comp and vehicle exposure for consulting firms
Most states require workers' compensation as soon as you hire your first W-2 employee, even if the work is entirely at a desk. Clerical class codes are inexpensive — often under $0.30 per $100 of payroll — so the cost of compliance is small compared to the penalty for going without. If employees drive personal cars to client sites, hired & non-owned auto closes the gap your personal auto policy excludes for business use.
Ready for a benchmarked quote?
A KTL specialist will shop your risk across multiple A-rated markets within one business day.