Insurance for Management Consultants
Up to $10m Professional Indemnity cover
Monthly payment option available
Up to $10m Professional Indemnity cover
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What is management consultants’ insurance?
Management consultants’ insurance (the many types of cover made for management consultants) helps protect your business from financial losses caused by lawsuits, claims, cyberattacks, and more.
Being a management consultant is riskier than you might think. Events like an unhappy client, an innocent mistake, or poor recommendations could cost you thousands in legal bills or even end your career.
That’s why many management consultants protect their businesses with business insurance.
Why do management and business consultants need insurance?
Management consultants may need business insurance to meet contract obligations and cover unexpected legal costs.
Work with specific clients
Recover from a cyberattack
Replace a damaged laptop
Pay legal costs if you face a claim
Who needs management consultant insurance?
BizCover provides options for management consultants working in a variety of occupations, including:
Management Consultants
Business Consultants
Business Coaching
Compliance Consulting
Personnel Management Consulting
Efficiency Advisory Service
What types of insurance do management consultants need?
We offer a range of policies designed to cover your business, stock, and stored data. Build an insurance package that suits your needs and buy in minutes.
Popular cover types for management consultants:
Management consultants could also consider:
Let’s cover your small business on the go
Start a quote to see how much you can save and buy online in minutes.
How much does business insurance cost for management consultants?
The average price of business insurance for management consultants is $63 per month with BizCover.
Factors that can impact your insurance premiums include annual revenue, number of employees covered, the types of insurance you choose, your cover limits and your claim history.
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
Both Professional Indemnity and Public Liability insurance are useful for management consultants.
Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public brings a claim against you due to their being injured or sustaining property damage as a result of your negligent business activities.
Professional Indemnity protects you against losses claimed by a third party due to alleged or actual negligence in your professional services or advice.
Your consultancy could be a target for cybercriminals for a couple of reasons: One, you store a lot of sensitive information about your clients that can be used to initiate fraud or hack into their systems. And two, hackers often hold small business systems hostage, hoping they’ll pay a ransom just so they can get back to work.
Cyber Liability insurance is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack.
Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances. In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks.
Hear from our customers
Real-life customer reviews verified by Feefo
Processing and efficiency make it easy and a simple process to get the cover you need.
I Brebner
So easy to renew, all done in simple email.
Leanne P
So easy and simple thank you
Matilda K
Nice and easy thank you
Sally S
Real-life customer reviews verified by Feefo