Consultant Insurance

Consultant Insurance

Anyone who offers professional advice or services should have insurance coverage.
Protect your practice against claims of negligence, errors, or omissions with consultant insurance.

Get Instant Price
Zensurance - Consultant
Partnerships with over 50 leading Canadian insurance providers

Insurance for consultants

Consultants provide a range of invaluable services across a variety of industries. As a consultant, business owners across industries rely on your expertise to improve their offerings. As businesses continue to prioritize transformation, innovation, and adoption, consultancy as an industry will continue to grow in demand. Whether you work specifically within a niche or have a broad focus, there is always a risk when it comes to offering professional advice.

We know what makes your business unique. With over fifty partners, we’ve helped consultants across industries protect their businesses with insurance policies tailored to meet their specific needs.

At Zensurance, we’re on a mission to make insurance as accessible as possible. We wrote this guide to help you navigate the basics of consultant insurance for your practice.

What is consultant insurance?

Hi, I’m Harry from Zensurance, and I’m here to talk to you about something very important, insurance coverage for Canadian consultants. 

We’ll quickly go over what this insurance coverage is, what it covers, and typically how much it costs. 

If you’re a consultant in Canada, you’ve probably wondered if you need insurance, and you’re not alone. Every single day at Zensurance, we get hundreds of inquiries, from Management Consultants to Health and Safety Consultants and everything in between. 

As a Consultant, you provide important services and advice to businesses in different industries, and sometimes this advice can lead to undesired results. Allegations of errors or professional negligence that have stemmed from a client suffering a financial loss could result in legal action against you and very high defence costs. Even worse, it could mean having to close down your business.

Now, what exactly does this insurance cover? 

Well, in short, it protects you against the main exposure your business faces on a daily basis. The most basic package includes: 

  • Professional Liability, also known as Errors and Omissions coverage, which will protect you if your advice results in a financial loss to your client. 
  • Commercial General Liability, which is a safeguard against injuries or property damage to third parties. 

Additionally, our clients often supplement these two coverage options with Cyber Liability and Legal Expense Insurance. 

So, now we know what this insurance covers, but much does it cost?

Well, it varies based on the industry you serve, your revenue, and your years of experience. 

To find out how much your insurance coverage will cost, visit us at and click ‘Get A Quote.’ From there, type in a few words that best describe your business, answer a few questions, and that’s it. Based on the information you provide, we’ll recommend the best policy and give you a price estimate. In case additional information is required, a Zensurance commercial broker will happily assist. It’s that easy, and it’s that simple. 

If you have more questions about Consultant Insurance coverage in Canada, reach out to us: 

  • You can go to the chat function on our website;
  • Send us an email at; or
  • Call our Canadian toll free number: 1-866-654-6030.

When you’re a consultant, you could be held liable for almost any negative impact your services have on a business. As there are various specialties found within the consulting field, different factors, such as industry and location, must be considered to find the perfect coverage for you.

Our Consultant Insurance policy packages are designed to accommodate the full range of consulting services and protect against specific risks associated with them, such as negligence, errors, omissions, or third-party damages.

Get Instant Price

What does it cover?

Different businesses have different risks; for example, a financial consultant won’t require the same type of coverage as a consultant specializing in event management.

We believe a comprehensive policy for your consulting business should cover the risks you are most likely to face. Those risks will vary by service, industry, and product; however, the following core coverages apply to most business owners:

  • Professional Liability Insurance: As a service provider, Professional Liability Insurance is essential to your business’s survival. Also known as Errors and Omissions Insurance, Professional Liability Insurance protects consultants against client claims alleging financial loss due to a service you provided, as well as lawsuits alleging negligence, misconduct, and failure to deliver services as promised.
  • Cyber Liability Insurance: As businesses move into the digital space, cybercrime is becoming more common, making it challenging for business owners to protect their technology systems and data. Cyber Liability Insurance may cover costs associated with electronic incidents, such as loss of income, notification costs, or data infrastructure repair.
  • Commercial General Liability Insurance (CGL): Whether you work from home or have an office, mistakes can happen anywhere. Commercial General Liability Insurance can protect consultants against common claims or lawsuits alleging third-party bodily injury (e.g., slip-and-fall), property damage, false advertising, and libel/slander. Should you be sued, CGL may cover legal defence costs, regardless of the lawsuit’s outcome.
  • Business Contents and Portable Electronics Coverage: Business Contents and Portable Electronics are two types of coverage that protect your business’s physical assets. Business Contents provides coverage for loss or damage to your office’s physical contents, such as equipment, technology, or improvements you’ve made to the office. Portable Electronics may cover the cost to replace or repair portable electronics that are damaged or stolen inside and outside of your office.
  • Legal Expense Insurance: Provides access to general legal advice with an experienced lawyer, as well as coverage for legal expenses incurred throughout the legal process. This type of insurance policy may cover legal costs associated with defending your legal rights relating to employment disputes, debt recovery, contract disputes, or tax protection.

Who needs it?

Any individual or business providing professional services or advice should protect their business with a Consultant Insurance policy package. If a client determines your advice or service was less than satisfactory or resulted in a financial loss to them, they may take legal action. 

Without the right insurance coverage, your practice may suffer severe financial stress due to a lawsuit. Independent consultants and freelancers are especially vulnerable.

We’ve insured consultants practicing in a range of sectors, including:

How much does it cost?

Every business is unique, and insurance requirements will vary by size and industry. Small- to medium-sized consulting practice owners can anticipate premiums starting from $350 annually for a Professional Liability Insurance policy with a $500K limit.

When you fill out our online application, we will ask some questions about your business to understand your requirements better. The following factors are taken into consideration when determining the best policy options for your practice:

  • Industry
  • Years of Experience
  • Number of Employees
  • Claims History
  • Annual and Projected Gross Revenue

We’ve partnered with over fifty insurance providers to offer you different options that suit your business needs at the best price.

Get Instant Price

Common claims scenarios

Frequently asked questions

Is Consultant Insurance mandatory for consultants and independent contractors?

Although Consultant Insurance is not mandatory by law, it may be important to protect your business with a consultant insurance policy because clients have the legal right to file claims for mistakes caused by the negligence of consultants and independent contractors. Most clients will require you to have Consultant Insurance before hiring you because small mistakes on your part could lead to huge financial losses for them.

Does my Errors and Omissions (Professional Liability) Insurance policy also cover Cyber Liability damages?

Errors and Omissions policies don’t cover damages to third parties from cybersecurity breaches. If you store electronic data related to clients, whether personal or financial, it may be a good idea to ensure that your Consultant Insurance policy includes coverage for cyber liability because you may be held liable for third-party damages caused by cyber attacks on your servers.

Do consultants need both Professional Liability Insurance and Errors & Omissions Insurance?

Errors & Omissions (E&O) Insurance is a popular alternative name for Professional Liability Insurance, but the latter is the official name in the insurance industry. Regardless of what you call the policy, it is recommended for protecting any consulting practice because It provides protection from errors and missed deadlines (due to negligence) that lead to a financial loss for clients.

Our most recent reviews

google reviews 4.8

See for yourself what customers have to say about us.

Ready to start? Let’s get a quote!

As a consultant, you’ve dedicated your career to using your expertise to help business owners thrive; you deserve a broker dedicated to providing you with the same level of care.

At Zensurance, we simplify the process of getting consultant insurance so that you get the coverage you need, quick and easy!

Get Instant Price
Zen Man
Get Instant Price