Consulting Business Insurance Coverage Checklist
The coverages a consulting business business may carry — core, prevalent, and situational — why each matters, and the gap most often missed.
Pull out your current policy and check the box next to any coverage you can confirm is already in place — anything unchecked is worth a quick conversation with your advisor. Coverage checklist for management and business consultants. Priorities reflect typical exposure; confirm against regulated advice and implementation work.
Tick each coverage you can confirm you carry — anything left unticked is a good question for your next policy review.
| Have it? | Coverage | Why this business needs it | Priority |
|---|---|---|---|
| Professional Liability (E&O) | Covers claims that advice caused a client's financial loss. | Core | |
| Cyber Liability | Covers breaches of client data and notification costs. | Core | |
| Business Owners Policy / GL | Covers office premises and property. | Prevalent | |
| Employment Practices Liability | Needed for HR consultants and firms with staff. | Situational |
The coverage gap most often missed
The most commonly missed gap for this class is E&O for work that goes beyond advice. Consultants who implement their recommendations, advise on regulated matters, or promise results can face claims their policy wasn't written for. Firms should describe all services accurately to their carrier, avoid guaranteeing outcomes, and use contracts with defined scope and liability caps.
Send us the checklist and we'll review your consulting business coverage line by line, then market it across multiple carriers that compete for your account.
Related: Consulting Business Insurance · Consulting Business Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does a consulting business business need?
The core coverages for a consulting business business are Professional Liability (E&O), Cyber Liability. This checklist also lists the prevalent and situational coverages worth considering, with a plain-English note on why each matters.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my consulting business coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.