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Insurance for business consultants, starting from less than £55* per year
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Get a QuoteOur standard cover is:
When you’re a consultant, your clients pay for your expertise. They trust your professional advice to help their businesses grow, solve problems, and navigate challenges. But what happens if your recommendations don’t deliver the expected results? Or if a client makes a claim saying your advice caused them financial loss?
At Professional Saver, we’ve been protecting consultants and small business owners for over 35 years. Our business insurance packages combine professional indemnity insurance with public liability cover, giving you comprehensive protection that’s designed specifically for the consulting industry. With policies starting from less than £55 per year and instant online quotes, we make it simple to get the insurance cover you need.
Consultant insurance combines several types of cover to protect your consultancy business from the risks you face every day. The core of most insurance policies for consultants includes professional indemnity insurance (PI cover) and public liability insurance, but you can add other protections based on your specific needs.
Our insurance for consultants protects professionals across all sectors, including:
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Trusted for over 40 years We’ve been providing insurance to businesses since 1984
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Our Professional Saver Insurance (Covea) has been independently rated 5 Stars by Defaqto – the highest possible rating, awarded to excellent products with a comprehensive range of features and benefits.
Complete our simple quote form with basic details about your business.
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Professional indemnity insurance is the cornerstone of any consultant insurance package. It protects you when a client claims your advice, services or recommendations have caused them financial loss. Without PI cover, you’d have to pay legal fees and compensation from your own pocket — potentially ruining your business.
Common scenarios where professional indemnity cover protects consulting businesses and individuals include:
The cost of defending even unfounded claims can run into tens of thousands. That’s why professional indemnity insurance is essential — it covers both your legal expenses and any compensation awarded.
These two covers form the foundation of most consultant insurance policies:
Professional Indemnity Insurance protects against claims that your professional advice or services caused financial loss. This includes the cost of defending claims and paying compensation.
Public Liability Insurance covers you if a member of the public (including clients) is injured or their property is damaged because of your business activities. For instance, if a client trips over your laptop cable during a meeting at their offices.
If you employ anyone — even part-time or temporary staff — employers’ liability insurance is a legal requirement. The minimum level of cover required by law is £5 million, though we offer up to £10 million. This protects you if an employee is injured or becomes ill because of their work.
Your laptop, phone, and other equipment are essential to your consultancy business. Our optional equipment cover protects against theft, loss, or damage — whether you’re working from home, at client sites, or travelling between meetings.
If an accident prevents you from working, personal accident insurance provides a lump sum payment to help cover expenses while you recover. It’s particularly valuable for consultants who don’t have sick pay benefits.
Available as a separate policy, legal expenses insurance helps with legal costs for certain types of business disputes, employment issues, and tax investigations.
Several factors influence how much you’ll pay for insurance:
A sole trader management consultant with no employees might pay less than £55 per year for basic cover. A larger consultancy with multiple employees and higher turnover could pay several thousand pounds annually for comprehensive protection.
Management consultants need robust professional indemnity cover because their strategic advice directly impacts business performance. If a recommended restructure fails or cost-cutting measures backfire, clients may seek compensation for losses. Most management consultants need at least £1 million PI cover, though larger firms often opt for £2-5 million.
Technology consultants face unique risks around system failures, data breaches, and business interruption. While we don’t offer cyber and data insurance, IT consultants should ensure their professional indemnity covers advice relating to technology implementations and digital transformations.
Financial advisors need particularly careful coverage due to the direct financial impact of their advice. Claims can arise from incorrect tax planning, poor investment recommendations, or regulatory compliance failures. Many financial consultants opt for our maximum professional indemnity limits.
HR consultants need cover for claims arising from employment law advice, discrimination issues, and recruitment failures. A recruitment advisor who places an unsuitable candidate could face claims for the cost of re-hiring and any losses caused by the poor hire.
While professional indemnity insurance isn’t a legal necessity for most consultants (unlike employers’ liability), operating without it is extremely risky. Many clients now insist on seeing proof of insurance before engaging consultants. Some contracts specify minimum levels of cover — typically £1-2 million for professional indemnity and £5 million for public liability.
Even if clients don’t require it, consultant insurance protects your personal assets. Without cover, you could lose your home, savings, and future earnings if a claim exceeds your ability to pay.
The best insurance for management consultants combines several types of business insurance:
Your exact needs depend on your consultancy business. A home-based consultant might focus on professional indemnity and equipment cover. A consultant with office premises needs contents insurance too. Those employing staff must add employers’ liability insurance.
With over 35 years’ experience protecting UK consultants and small businesses, Professional Saver offers:
£54.88 / year £33.11 / month £366.24 / year The above quote examples were taken from our online system on 10/11/25 and include insurance premium tax but exclude our £10 admin charge. These are real quotes but your own personal quote will vary dependent upon your circumstances and the level of cover you require.
Most insurance policies will be subject to an excess. This is the amount you will be expected to pay in the event of a claim. Detailed below are the standard excesses under a Professional Saver policy but you should check your own quotation to see exactly what excesses apply to your policy as these may vary dependent upon the type of work you do.
| Insurance cover | Excess |
|---|---|
| Public Liability | £250 |
| Products Liability | £250 |
| Employers Liability | No Excess |
| Financial Loss | 10% of claim value(£2,500 minimum) |
| Professional Indemnity | £250 |
| Business Contents & Equipment | £100 |
| Legal Expenses | No Excess |
* Total number of live policies as of 31/10/2025
Don’t let inadequate insurance put your consultancy at risk. Professional Saver makes it simple to get comprehensive consultant insurance that protects your business, your reputation, and your financial future.
Whether you’re a sole trader just starting out or an established consultancy firm, we have the right insurance package for you. Our combination of professional indemnity and public liability cover, plus optional extras, ensures you’re protected against the real risks consultants face.
Professional indemnity insurance covers claims arising from your professional advice or services — for example, if your recommendations cause a client to lose money. Public liability insurance covers physical injuries or property damage — like a client tripping in your office or you accidentally damaging their equipment. Most consultants need both types of cover for complete protection.
Professional indemnity and public liability insurance aren’t legal requirements for most consultants. However, employers’ liability insurance is a legal requirement if you employ anyone, with a minimum cover of £5 million required by law. Many clients also require consultants to have insurance before they’ll sign contracts, making it a practical necessity.
If a client makes a claim, contact us immediately. Don’t admit liability or agree to any settlements. Our claims team will guide you through the process, appoint legal representation if needed, and handle negotiations. Your insurance covers legal costs and any compensation up to your policy limits, minus your excess.
No, our policies operate on a “claims made” basis. This means we only cover claims made while your policy is active, regardless of when the work was done. If you’re switching insurers, ask about retroactive cover to protect against claims from past work.
Yes, our consultant insurance covers you whether you work from home, client sites, or shared offices. However, standard home insurance typically excludes business activities. Make sure your home insurance provider knows you run a business from home — they may require additional cover.
Our standard policies include worldwide cover for temporary work abroad (up to 14 days), excluding the USA and Canada. This covers short trips for client meetings, conferences, or projects. Longer overseas assignments or work in excluded territories needs additional cover.
Most management consultants need at least £1 million professional indemnity cover, though many opt for £2-5 million. Consider your typical project values, client requirements, and potential claim scenarios. Larger consultancies and those working with bigger corporations often need higher limits. Our advisors can help determine the right level for your business.
Yes, our policies suit both traditional consultants and contractors. Whether you work through your own limited company, as a sole trader, or on fixed-term contracts, we can provide appropriate cover. The key is ensuring your professional indemnity covers the specific services you provide.
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