Professional Liability (E&O) Insurance for Management Consultants

We provide professional liability insurance, also called errors and omissions (E&O) insurance, to management consultants (individuals or entities) in all fields.

Management consultants are typically retained by private and public entities to review their operations and make recommendations on how to become more efficient and improve the bottom line. Management consultants can make recommendations regarding various areas of an entity, including human resources, information technology, management, sales, finance, marketing, staffing, training, processes, and development.

One aspect that management consultants bring to an organization is their outside experience and a different point of view that may fill a knowledge gap at an organization.

Management consultant are defined as professionals engaged in the performance of services for others for a fee directed toward analyzing management and operating problems associated with the goals, objectives, policies, strategies, administrations, organizations and the principal functional or operating areas of the various institutions of society, and the recommendation and implementation of practical solutions to these problems.

Specifically, management consultants typically provide one or more of the following services:

• Analysis of management and operational issues and development of improvement plans.
• Advice and guidance on development and implementation of strategic goals, and objectives.
• Advice and guidance on improving the efficiency of functional or operational areas through technology and human resource solutions.
• Development and implementation of coaching skills for management and key personnel.

Because of the sensitive nature and material impact that the recommendations made by management consultants can have, they are at risk of being sued for professional negligence. It is therefore vital for management consultants to have the proper professional liability E&O insurance protection.

We provide professional liability E&O insurance to management consultants working in all specialties, including information technology, human resources, sales, finance, marketing, staffing, training, process management, and development management consultants. Give us a call to discuss your management consulting professional liability E&O insurance needs. We also offer all other insurance coverages that management consultants might need such as general liability, workers' compensation, business packages, and property insurance.