Why do management consultants need insurance?
What insurance is available for management consultants?
A management consultant might also add further cover types to their policy – including employers’ liability insurance, which is often required if you employ staff, personal accident cover, office insurance and cover for portable equipment.
For information and assistance, contact us.
If you’re not sure what you need, tell us a little more about your work as a business or management consultant. We’ll build your quote and help you to explore any other insurance needs.
Build my coverInsurance for management consultants: FAQs
How much professional indemnity insurance do management consultants need?
The amount of professional indemnity (PI) cover you may need will depend on the nature of your management consultancy and the type of clients you advise.
There are a number of questions you may need to ask before you make this decision, considering the size of the organisations you deal with and the industries they operate within.
Professional indemnity insurance may be an important type of cover for management consultants as giving advice is at the heart of what you do.
Read our FAQ guide for more information on how much professional indemnity insurance you need.
Do you provide proof of cover?
Yes, we understand that proof of cover can often be required before you start a contract. So you’ll receive documents via email – or post if you prefer – which provide proof of cover. It’s possible to buy your management consultant insurance online within a matter of minutes.
How much is insurance for a management consultant?
The price of an insurance policy for a management consultant is entirely dependent on how you tailor your cover and which covers you opt to include.
Our quote process is flexible, so the cost is too – however, Hiscox business insurance quotes start from £8.40 a month*. Build cover and we can work with you to pinpoint your requirements.
Read our FAQ for more information about how much business insurance costs.
*Figures based on an average of all business insurance policies sold to at least 10% of our customer base between August 2024 and September 2025
What’s the difference between professional indemnity and public liability?
Professional indemnity insurance relates to the advice or service you provide, while public liability insurance helps if someone other than an employee faces an injury or property damage on your watch.
Professional indemnity steps in if the complaint or allegation comes from a client and is related to work you provided, while public liability insurance can cover you if a member of the public files for compensation.
Both insurance types can be beneficial for management consultants who need to defend their business from compensation claims.
Learn more about the difference between professional indemnity and public liability insurance.
Meet our experts
“With 20 years in the industry, I am a professional indemnity insurance specialist. I champion keeping our policy wordings as ‘plain English’ as possible and stamping out unnecessary jargon. Clarity is key when talking to customers about their professional indemnity cover.”
- Liam Barry, PI Underwriting Manager (Emerging and Traditional)
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