Insurance for Consultants
Up to $10m Professional Indemnity cover
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Up to $10m Professional Indemnity cover
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What is consultants insurance?
Consultants’ insurance (the insurance options available to consulting businesses) helps cover the cost of unplanned bills caused by claims arising from third party injuries, accidental property damage, errors in your work, and much more.
You offer quality services and advice to your clients, but mistakes happen. Professional negligence claims, property damage, lawsuits… these are just a few of the many risks that consultants deal with every day.
That’s why many independent consultants protect their financial wellbeing with business insurance. Different types of insurance for consultants can help you manage unexpected bills that could force you to end your consulting career.
Why do consultants need insurance?
Consultants may need business insurance to meet contractual obligations and manage unplanned bills that could end their business.
Work with specific industries or clients giving advice
Lease office space
Manage a cyberattack
Pay legal costs if you face a liability claim
Let’s cover your small business on the go
Start a quote to see how much you can save and buy online in minutes.
Who needs consultants’ insurance?
Many types of consultants may benefit from consultant insurance, including IT consultants, management consultants, and more.
Educational Consultants
Environmental Consultants
Life Coaches
Public Relations Consultants
Safety Consultants
Did you know?
A Business Insurance Package* could help you manage a variety of unexpected expenses, from damage to your commercial premises to stolen equipment.
A Business Insurance Package can be tailored to meet your business needs, including cover for tax audits, damage to your computer or other electronic equipment, and much more.
What types of insurance might consultants need?
We offer a range of cover designed to protect a consultant’s professional reputation and revenue. Build an insurance package that fits your needs and buy in minutes.
Popular cover types for consultants:
Consultants may also consider:
How much does consultants’ insurance cost?
The average cost of business insurance for consultants is $71 per month with BizCover. However, the amount you pay will depend on several factors, such as the industry you work with, the services you provide, and the size of your business.
Factors influencing cost
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory Profession Requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
Factors influencing cost
Risk of the industry
Cover level amount
Annual Turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How it works – buying online
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- Business Details
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How to make a claim online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
3 Steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
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See how much others have saved while purchasing policy through BizCover
Colette
Disability Care Worker from
NSW
Saved
$1,200
on
Public Liability and Professional Indemnity insurance
Andrea
Beautician from
VIC
Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
VIC
Saved
$3,600
on
Public Liability insurance
Lance
Electrician from
ACT
Saved
$800
on
Public Liability insurance
Stephen
IT Professional from
VIC
Saved
$1,500
on
Information Technology Liability insurance
Linda
Restaurant owner from
NSW
Saved
$1,000
on
Business Insurance Pack and
Public Liability insurance
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
Every consultant is unique, with unique business insurance needs. That said, there are types of insurance that consultants commonly consider to protect their businesses. These include:
Professional Indemnity insurance* can help you manage professional negligence, compensation claims, and legal action taken by clients—even if you’ve done nothing wrong.
Public Liability insurance* can help you handle third-party personal injury and property damage claims like these and many others.
If you have employees, you might want to think about getting Management Liability insurance*. These policies can help you manage your employment practices and statutory liability risks.
Cyber Liability insurance* insurance helps you manage the costs of cyber incidents, such as data breaches, cyberattacks, ransomware and more.
Hear from our customers
Real-life customer reviews verified by Feefo
Tried a broker, the quote was exorbitant and the process onerous. A colleague recommended BizCover and he was right – quick, easy and competitively priced. I shall happily recommend. Many thanks.
Andrea O
–
Easy and best price I’ve found for great cover. The trifecta. I’ve also found the phone help to be excellent in the past, quickly sorting my queries out.
Clare P
–
Great insurance provider for my business. Customer service staff are very helpful and resolved issues quickly and efficiently. Thank you BizCover!
Mark J
–
Excellent! User interface was easy to use, clear and concise. Way ahead of the competition!
Bruce M
–
Referred buy a Friend & found this insurance about half (the price) of other quotes for the same cover. Great outcome.
Kerry W
–
I love it. The online service is easy to navigate. No time out and its very user friendly. BizCover did find me the insurance products from one of the well known insurance companies in Australia at a very good price.
B. L.
–
Real-life customer reviews verified by Feefo