Procurement Consultant Insurance Coverage Checklist
The coverages a procurement consultant 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 procurement and sourcing consultants. Priorities reflect typical exposure for this class; confirm against your actual services, contracts, and clients.
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 bid errors and missed requirements. | Core | |
| General Liability | Covers premises and client-site exposure. | Core | |
| Cyber Liability | Covers client pricing and proprietary bid data. | Core | |
| Workers' Compensation | Required for employees. | Core | |
| D&O with Regulatory Defense | Covers FCA and investigative demand costs. | Prevalent | |
| Crime / Fidelity | Covers employee theft and kickback schemes. | Prevalent | |
| Employment Practices Liability | Covers staff claims. | Prevalent | |
| Antitrust Defense Endorsement | Covers defense of bid-rigging allegations. | Situational | |
| Hired & Non-Owned Auto | Covers site visits. | Situational | |
| Umbrella | Adds limits above GL. | Situational |
The coverage gap most often missed
The gap most often missed by procurement consultants is antitrust and False Claims Act coverage. Most E&O and D&O forms exclude antitrust claims, fines, and treble damages, and many exclude the cost of answering a civil investigative demand before a formal claim exists. Seek pre-claim investigation coverage and a sublimited antitrust defense carve-back.
Send us the checklist and we'll review your procurement consultant coverage line by line, then market it across multiple carriers that compete for your account.
Related: Procurement Consultant Insurance · Procurement Consultant Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does a procurement consultant business need?
The core coverages for a procurement consultant business are Professional Liability / E&O, General Liability, Cyber Liability, Workers' Compensation. 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 procurement consultant 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.