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Business Consulting Advice: Business Consultant Insurance

Business consultant insurance

Business consultant insurance to protect your livelihood

As a business or management consultant, mentor or executive coach, your focus will be on using your skills and experience to help your clients make better decisions and drive business performance. It can be a varied role, working across a range of sectors and aiming to support clients working towards diverse business and personal goals.

But the role is not without risk. Unforeseen circumstances and unhappy clients can both lead to allegations of errors and omissions in your professional advice which, if proven, could damage your reputation and see compensation awarded against you.  That is why specialist insurance for business consultants is so important – the right cover, tailored to your needs, will step in to support you when you really need it, helping with both legal defence costs and compensation.

You can get comprehensive specialist cover at a competitive price in the next few minutes from as little as £1.79 per week* This includes a professional association discount and a 24-hour legal helpline, as well as no excess on the core insurance.**

  • Protection
    Rely on us to help you find professional liability insurance that’s closely matched to your individual needs, covering your work as a business or management consultant, executive coach or mentor, including where you operate as an educator, trainer or supervisor. Underwritten by Hiscox, cover can be extended to include other work such as HR consultancy or mediation
  • Care 
    We recognise that your varied work as a business consultant demands a tailored approach, so the Oxygen team will take the time to understand the work you do and the risks you face – before tailoring business consultant insurance to meet your needs. We consistently get excellent client feedback and we regularly receive word of mouth recommendations from happy customers
  • Claims
    We hope you never have to make a claim under your Oxygen Professional Risks insurance for business consultants, but if you do, we have a dedicated claims team on hand to help support you throughout the process. 

An experienced, specialist team

Oxygen is a specialist provider of insurance for business consultants and other people-based professions.

We strive to be a distinctive and refreshingly professional insurance provider that delivers superior products and service. We work hard to design insurance products that drive business value for our customers, protect their livelihoods, and provide a level of service that our customers tell us is exceptional.

Get Oxygen Insurance

Our insurance for business consultants

We have worked with leading insurer, Hiscox, to design specialist insurance for business consultants. A civil liability insurance policy, its primary purpose is to help with the cost of defending any civil claims against you as well as any damages or compensation awarded against you. It covers you to work anywhere (excluding USA and Canada, which can be purchased in addition) and includes home-based, online, and telephone consulting. 

What our business consultant insurance covers:

  • Public and product liability (£10 million)
  • Professional indemnity and malpractice
  • Complaints and disciplinary hearings
  • Crisis containment
  • Confidential notes and records
  • Directors and officers (D&O) liability
  • Professional wills
  • 24-hour commercial assistance and legal helpline.

Optional business consultant insurance cover:

  • Employers liability insurance
  • Cyber insurance
  • Management liability insurance
  • Contents insurance.

*How we work out example prices. Customers will pay £93.42 a year for professional indemnity of £1.5m if they are also a member of one of the recognised professional bodies that receive 20% discount from us. £1.79 per week is based on a monthly cost when paying for the policy in one annual payment. Paying monthly is usually more expensive as you'll pay interest. This is the prices from amount as customers have the option of increasing their level of cover and therefore may pay more than this.

**No excess applies to the core insurance (public liability, professional indemnity, employers liability, directors and officers), however for any additional insurance taken certain excess may apply. Please contact us for details.