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Small business insurance solutions for consultants

Consulting firms play a crucial role in helping organizations navigate complex challenges, improve their performance, and achieve sustainable growth. Now its time to help them by providing a tailored insurance plan to protect their assets and ensure the continuity of their operations.

Consulting firms provide valuable expertise and guidance to their clients, helping them navigate complex challenges and achieve business goals. However, they also face various risks that could potentially disrupt business operations and put their financial stability at stake. That's why it's crucial to have comprehensive insurance coverage tailored to the unique needs of consulting firms.

At Victor, we understand the specific risks that consulting firms face and the importance of protecting their business from potential liabilities. We offer access to a range of insurance solutions designed to safeguard their firm, assets, and reputation, allowing them to focus on what they do best – delivering exceptional consulting services.

  • Business owners policies can protect physical assets, such as office space, equipment, furniture, and supplies, against risks like fire, theft, vandalism, or natural disasters.
  • Cyber insurance helps protect against data breaches, cyberattacks, and other cyber-related incidents and it can cover costs associated with data recovery, legal expenses, notification to affected parties, and potential liability claims.
  • General liability, which helps protect against third-party claims for bodily injury, property damage, or personal injury and it can cover legal costs and damages if someone is injured on the firm’s premises.
  • Professional liability which protects against claims of negligence, errors, or omissions and can help cover legal expenses and damages if a client alleges that the advice or services caused them financial harm.
  • Workers’ compensation is typically required by law if the firm has employees. It provides coverage for medical expenses and lost wages if an employee is injured or becomes ill while performing work-related duties.

Download the Consulting Firms highlight sheet

Learn more about each individual coverage below. 

Coverage highlights and appetite for consultants

  • Compare quotes from multiple lines of business: CNA, Coterie, Hiscox, Homesite
  • E&S quotes through Joyn may be available if ineligible in our admitted markets
  • Available nationwide
  • Minimum premium $500*
  • Up to 50 employees
  • Up to $10M in sales ($30M for some classes)*
  • Up to $1M in payroll
  • Limits up to $10M in total insured property (depending on class)
  • Multi-location available
  • New ventures welcome
  • Professional liability endorsements
  • Umbrella indication available with CNA BOP quote

*Dependent on provider and class code 

  • Compare quotes from multiple providers: AmTrust, Coalition, Victor
  • Available nationwide
  • Revenues up to $250M
  • Limits up to $2M bind-able online
  • Limits up to $5M via referral
  • Cyber liability and Tech E&O coverage available

  • Compare quotes from multiple carriers: Coterie, Hiscox, Homesite
  • E&S quotes through Joyn may be available if ineligible in our admitted markets
  • Available nationwide
  • Minimum premium: $350
  • Up to 50 employees (up to 15 employees for most contracting classes)
  • Up to $10M in revenue for most classes (Between $1.5 - $10M for contractors)
  • Limits up to $5M (up to $2M bindable online)
  • Up to $500,000 in annual payroll for most classes

  • Compare quotes from multiple carriers: Coterie, Hiscox
  • Available nationwide
  • Minimum premium $270 for most classes
  • Limits up to $5M
  • Up to $10M in revenues
  • Full retro-coverage for unknown claims from previous work for most classes
  • Claims-made form
  • Home based business acceptable

  • Compare quotes from multiple carriers: AmTrust, CNA, Employers and Markel
  • Available nationwide
  • Minimum premium $500
  • Over 350 eligible class codes
  • Multi-state capabilities
  • New ventures eligible in most classes
  • Superior claims and loss control services

E&S Property

  • Available provider: Joyn
  • Available in all states and D.C. except AK & HI
  • Minimum premium $2,500
  • Location TIV: $10M
  • Schedule TIV: $25M
  • Coastal locations eligible (wind deductibles 2-5% minimum)

E&S General Liability

  • Available provider: Joyn
  • Available in all states except AK, CO & HI
  • Minimum premium $500
  • Limit: $1M
  • Revenue: $50M
  • Payroll up to $500k for contractors
  • New ventures welcome

Variety of consulting firms including:

  • Business services
  • Communication
  • Computer
  • Credit Counseling
  • Event/party planning
  • Healthcare
  • Human resources
  • Life Sciences
  • Management Services
  • Research Services
  • And much more!

Your consulting firm clients deserve the same attention to detail they give their customers.

It's essential to understand the unique needs of each consulting firm and tailor insurance coverages accordingly to help them mitigate risks, protect their assets, and ensure the continuity of their operations.