Small Business Consultants Professional Liability Insurance

Professional Liability for Small Business Consultants

Capitol Special Risks offers a focused Small Business Consultants Professional Liability Insurance program built for the exposures consultants face today. Vicarious-liability claims and contract disputes are rising; even careful consultants can be named in suits alleging negligent advice. This program helps you place professional liability protection for small consulting firms so your clients can operate with greater confidence.

Ideal Accounts and Risk Appetite

This program is intended for independent consultants and small consulting businesses with $1,000,000 or less in gross annual revenue. It targets a broad range of professional consultants, including:

• Marketing and public relations consultants
• Management and business strategy consultants
• HR, organizational development, and talent consultants
• IT and software consultants (advisory services; non-product vendors)
• Training, learning, and education consultants

Not eligible: This program excludes higher-risk professions such as attorneys, CPAs, real estate consultants, investment/financial advisors, safety consultants, and medical or engineering consultants.

Coverage Highlights and Optional Enhancements

Capitol Special Risks places a robust core professional-liability form with several optional enhancements commonly requested by your clients:

• Automatic Additional Insured (A/I) status
• Contingent Bodily Injury/Property Damage sublimit of $250,000
• Defense costs outside the limits (capped at the aggregate policy limit)
• HIPAA/HITECH breach sublimit of $250,000
• 50/50 cooperation clause
• Third-party discrimination coverage
• Punitive damages coverage where insurable by law
• Independent contractor coverage

These features are designed to protect consultants from the financial fallout of claims tied to advice, professional services, or third-party exposures — including situations where the insured is alleged to have done nothing wrong.

Underwriting Considerations and Minimum Premiums

The program favors accounts with straightforward or moderate risk profiles. To be eligible, accounts must report $1,000,000 or less in annual revenue. Underwriting evaluates factors such as the consultant’s service lines, contract language, claim history, use of subcontractors, and whether they provide any insured products or financial advice.

Minimum premiums vary by risk characteristics and the optional coverages selected. Capitol Special Risks aims for quick underwriting decisions and transparent terms to help you place business efficiently.

Available States and Admitted Status

This program is available in most states, including CA, TX, FL, NY, IL, GA, and 40+ others. Coverage can be placed on admitted or non-admitted paper depending on state and carrier availability.

Why Work With Capitol Special Risks?

As a wholesale broker, Capitol Special Risks combines market access with deep E&O and professional-liability experience. Their underwriters understand consulting exposures and work with multiple carriers to deliver competitive solutions. Key service advantages include fast turnaround times and no broker fees, helping you serve clients quickly and keep placement costs competitive.

Example accounts that typically fit: a solo HR consultant who provides policy and training guidance to local employers, or a boutique marketing firm that advises clients on campaigns and media strategy. Both have limited revenue, clear scope of services, and need primary professional-liability protection without carrier restrictions tied to higher-risk classes.

In CA, Capitol Special Risks, Inc. dba: Capitol Special Risks Insurance Service – CA Fire & Casualty Agency – #0C46094