Brian, you need to look for two different coverages: CGL (comprehensive general liability) and Errors and Omissions (Professional Liability). CGL for a consulting business should be relatively inexpensive. I had mine through the Hartford for many years and the premium was around $500. E&O is a different subject. I declared that I did not design anything, but at most reviewed other people's designs. That still creates a potential E&O exposure. My Professional Liability was through the Philadelphia Insurance Co and I paid about $3000/year.
I say these things in the past tense because I closed my business last year in anticipation of full retirement soon.
You will have to find a broker to initiate these policies, although the Hartford had a captive broker who wrote these smaller policies. Regarding the E&O, I would see if any company, like the Philadelphia Insurance Co, would direct you to a broker. You could spend a great deal of time searching for a broker for the E&O unless you are a very big operation.
Hope this helps...
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Donald Morelli CPE
Ergonomist
San Carlos CA
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Original Message:
Sent: 02-25-2021 00:50
From: Brian Bone
Subject: General liability insurance for those in consulting
I am looking for a new business general liability insurance provider and was wondering if any HFES members who run consulting business have recommendations for a insurance company that understands the type of work we typically do and can price the liability insurance accordingly.
Thanks in advance for any recommendations.
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Brian Bone CHFP
San Diego CA
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