Professional liability for consultants, or Errors & Omissions insurance for consultants, policies range from $400 per year to multiple thousands of dollars per year.
After surveying our client base in 2022, we found that the average cost of consultants E&O insurance was $832 per year. That is a slight up-tick from our 2021 survey which found the average cost of consultants E&O insurance at $802.
Most of the consultants we insure are coming to us for the first time without having any prior professional liability insurance coverage. Navigating the murky waters of E&O insurance can feel like a daunting task, and securing a quote usually involves filling out a lengthy application with specific information related to your business.
Luckily, InsuranceTrak makes it easy for consultants to apply and shop for E&O insurance with our interactive QuoteTrak website application.
When securing a quote, it is important to make sure we understand the full scope of the consulting services you offer. Professional Liability insurance is built to protect consultants from lawsuits that allege they provided bad advice or some other service that lead their client to suffer a financial loss.
We can help you find the most competitive insurance carriers for consultants professional liability insurance quotes. Call us at the number above or use our QuoteTrak tool to start your quote today.
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