Professional Liability Insurance for Business Consultants

Oct 2023

In an era of rapid business transformations and complex challenges, the role of business consultants has become indispensable. From offering strategic insights to streamlining operations, consultants play a pivotal role in driving success. However, with this responsibility comes the potential for errors or omissions, leading to financial repercussions. That’s where Professional Liability Insurance, also known as Errors and Omissions (E&O) Insurance, steps in.

At SWG, we recognize the multifaceted needs of modern businesses and consultants. Our Combined E&O and Commercial General Liability (CGL) form is designed to provide comprehensive coverage, ensuring you’re shielded against a range of potential liabilities. Here’s a glance at what our offering entails:

Flexible Limits: Our coverage offers E&O limits ranging from $250,000 to $5,000,000 on a claims-made basis, providing you with the freedom to choose the level of protection that aligns with your clients’ unique requirements.

  • CGL Protection: Limits of up to $5 million are available for Commercial General Liability coverage, safeguarding consultants against third-party bodily injury, property damage claims, and associated legal costs.
  • Defense Costs: We understand that legal proceedings can be financially draining. Our coverage has defense costs available, ensuring that your clients are adequately prepared to face legal challenges.
  • First Dollar Defense: For a seamless experience, our First Dollar Defense option eliminates the need for deductibles when defending claims.
  • Cyber Extension: In the digital age, cyber threats are a real concern. We offer an optional Cyber extension, providing first-party coverage to mitigate the financial impact of data breaches and cyber incidents.
  • Global Reach: Business consultants operate in a global landscape. Our coverage spans worldwide geographically, safeguarding your clients regardless of their international engagements.
  • USA Coverage: For consultants with cross-border operations, we offer coverage in the United States, ensuring a seamless protection strategy.
  • Excess Policy: When standard coverage isn’t enough, our Excess Policy option offers an added layer of security, giving your clients the confidence to tackle larger risks.
  • Broker Benefits: We value our broker partnerships. With a generous 15% commission, we ensure that your dedication to safeguarding businesses is equally rewarded.

In the world of business consulting, risks are inherent. But with SWG’s Professional Liability Insurance, your clients can confidently pursue their consulting ventures, knowing that they have a safety net that understands their unique needs.

Empower your clients with the protection they deserve. Partner with SWG and lead the way in safeguarding businesses against the unforeseen.

For more details, please reach out to our dedicated team of experts. Together, let’s pave the way for secure and successful consulting endeavors.