Professional Liability for Small Business Consultants
Capitol Special Risks offers a tailored Small Business Consultants Professional Liability Insurance program designed for consultants operating in today’s litigious environment. With vicarious liability risks on the rise, even the most cautious consultants can be drawn into claims of negligence—regardless of whether they’ve made a mistake. This program helps insurance agents and brokers secure the protection small consulting firms need to confidently serve their clients.
Ideal Accounts and Risk Appetite
This program is best suited for independent consultants and small consulting businesses with $1,000,000 or less in gross annual revenue. It targets a wide range of professional consultants across industries, including but not limited to:
- Marketing and PR consultants
- Management and business strategy consultants
- HR and organizational development consultants
- IT and software consultants (non-product based)
- Training and education consultants
Not eligible: High-risk professionals such as attorneys, CPAs, real estate consultants, financial services professionals (e.g., investment advisors), and medical or engineering consultants are excluded from this program.
Coverage Highlights and Optional Enhancements
The program includes robust core protections and offers several valuable optional coverages to meet the specific needs of your consulting clients:
- Automatic Additional Insured (A/I) coverage
- Contingent Bodily Injury/Property Damage sublimit of $250,000
- Defense costs outside the limits (capped at aggregate policy limit)
- HIPAA/HITECH sublimit of $250,000
- 50/50 cooperation clause
- Third-party discrimination coverage
- Punitive damages coverage (where insurable by law)
- Independent contractor coverage
These features help protect against the financial fallout from lawsuits related to professional advice, even when the consultant has done nothing wrong.
Underwriting Considerations and Minimum Premiums
The program is designed for small businesses with simple or moderate risk profiles. Accounts must have $1,000,000 or less in annual revenue to be eligible. Minimum premiums vary depending on risk characteristics and optional coverages selected.
Capitol Special Risks offers fast turnaround times and never charges broker fees—making it easy to do business and competitive in the wholesale market.
Available States and Admitted Status
This program is available in most states across the U.S., including CA, TX, FL, NY, IL, GA, and 40+ others. Coverage is offered on both admitted and non-admitted paper, depending on state availability and carrier options.
Why Work With Capitol Special Risks?
Capitol Special Risks is a trusted wholesale broker with access to multiple carriers and deep expertise in E&O and professional liability placement. Their underwriters understand the nuances of consulting risks and provide agents with competitive solutions backed by reliable service.
Whether your client is a solo HR consultant or a boutique marketing firm, you can count on Capitol Special Risks to help you secure the right protection quickly and efficiently.
In CA, Capitol Special Risks, Inc. dba: Capitol Special Risks Insurance Service – CA Fire & Casualty Agency – #0C46094