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Professional Services · Management & Business Consultants
Consultant Insurance for strategy, operations, and interim executives
Management consultants and interim executives deliver advice that clients rely on for major business decisions. E&O exposure is high, especially on strategy, operations, and financial advisory work. Most consulting firms carry E&O, cyber, GL, and EPLI.
At a Glance
- Primary line
- Professional Liability (E&O)
- Cyber
- Client data and proprietary information
- EPLI
- Required at 10+ employees
- D&O
- For funded or formal firms
Quick answer
Ellie Insurance Group is an independent business insurance agency (founded 2014, headquartered in Tampa, Florida) that shops 100+ carrier markets to place consultant insurance — professional liability (errors & omissions), cyber, general liability, BOP, and EPLI — for consultant firms. As an independent broker we compare real quotes side by side across competing markets rather than locking you into one carrier. Start an Instant Quote and a licensed agent shops your firm's account for you.
Coverage
What consultant insurance covers
- Professional Liability (E&O)
Errors in advice, analysis, recommendations, and deliverables — the primary line for consultants.
- Cyber Liability
Breach response, ransomware, social engineering, and regulatory defense for client data.
- GL + Property (BOP)
Premises liability, contents, and business income for office operations.
- EPLI
Wage/hour, harassment, discrimination, and wrongful termination claims.
- Management Liability
Fiduciary liability, employment practices, and crime coverage.
Common gaps
What it typically won't cover
- Intentional fraud or misrepresentation
- Prior-known claims at policy inception
- Bodily injury (covered by GL, not E&O)
- Advice that violates law or regulation
- Guaranteed results or outcomes
Pricing
What drives your premium
Gross Revenue
E&O premium scales with firm revenue — typically 0.75–2.5% of gross.
Service Mix
Strategy, operations, financial, and interim executive roles have different risk profiles.
Client Concentration
Heavy reliance on one or two clients increases E&O rate.
Loss History
Prior claims and track record significantly affect underwriting.
Quote checklist
What we'll need to quote
Quote checklist
What we'll need to quote
- Firm name, FEIN, years in business, ownership structure
- Gross revenue (last 12 months and projected)
- Service mix % (strategy, operations, financial, interim executive, other)
- Headcount by role and payroll
- Top 5 clients and revenue concentration
- Prior claims and loss history (5 years)
- Professional credentials and certifications
- Cyber security practices and data protection
FAQ
Frequently Asked Questions
- Yes — any firm that provides advice, analysis, or deliverables carries E&O exposure. Most enterprise and government contracts now require $1M–$5M in professional liability limits.
- Yes. E&O covers your work product and advice. Cyber covers data breaches, ransomware, and system failures. Tech firms may combine both in a Tech E&O policy.
- EPLI is advisable at any headcount but becomes critical at 10+ employees. Many professional services firms add it when they sign enterprise contracts or hire remote staff.
- Primarily by gross revenue, service mix, client concentration, and claims history. Higher-risk services (financial advice, software, legal-adjacent work) carry higher rates.
- Yes. Ellie Insurance Group shops 100+ carrier markets to find the best fit for your firm's specific services, revenue, and risk profile.
Keep reading
Explore related coverage
Sources
Authoritative references
- IRMI — Errors and Omissions (E&O) Insurance
- Insurance Information Institute — Small Business Insurance Basics
Coverage descriptions and regulatory figures on this page are general summaries reviewed against the references above and are not a statement of coverage, legal advice, or a guarantee of eligibility or price. Last reviewed . Requirements and policy terms change — always confirm current rules with the relevant agency and verify coverage against the actual policy and a licensed agent.
Related articles
Deeper reading on this coverage
Coverage explainers
General Liability vs. Professional Liability: Why You Probably Need Both
GL covers slip-and-fall. E&O covers bad advice. Service firms almost always need both — here's how they differ.
Coverage guidance
Cyber Liability for Small Business: What It Covers and What It Costs
The case for cyber: ransomware, wire fraud, business email compromise, and breach response — typically $700–$3,500/year for small operations.
Coverage guidance
Employment Practices Liability (EPLI): Why Every Employer Should Carry It
What EPLI does, how it works alongside workers' comp, and the typical premium for small and mid-size employers.
Carrier access
Access to 100+ A-rated commercial markets
As an independent agency we shop 100+ admitted and surplus-lines carrier markets — so the carrier competes for your business, not the other way around.
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Next step
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Talk to a commercial agent or run an instant quote online — same-day binding on most commercial submissions during business hours.