As a consultant in Ontario, you offer specialized expertise that drives business success. But with that value comes risk. Errors, omissions, or unexpected disasters could expose you to legal action or financial loss. At Morison Insurance, we help consultants secure tailored business insurance protection so you can have peace of mind knowing your business is properly protected.
Business consultant insurance is specialized coverage designed to protect individuals offering consulting services including management and IT consultants, bookkeepers, marketing and graphic design consultants, and so much more. Consultant insurance quotes typically include:
These policies help cover legal fees, settlements, property damage, business interruption losses, and more—based on your unique risk profile.
Any professional offering advice, managing projects, or consulting—even part-time—can benefit from coverage. This includes, but isn’t limited to:
Essentially, if you provide advice or services that clients rely on, consultant insurance shields you from the unexpected.
No, consultant insurance is not legally required (except for commercial auto insurance). However, it’s often contractually demanded by clients, landlords, and professional associations. For practicality and peace of mind, it’s highly recommended.
There are various coverages that you can add to your consultant insurance quote so that it tailored to your specific needs. Each of these coverages offer tailored protection crucial to consulting professionals.
| Coverage Type | What It Covers |
|---|---|
| Professional Liability (E&O) | Negligence, errors, or bad advice |
| Commercial General Liability | Third-party bodily injury or property damage |
| Commercial Property Insurance | Office contents & business assets |
| Business Interruption | Income loss as a result of an insured peril |
| Cyber Liability | Data breaches, ransom demands, cyber-attacks |
| Commercial Umbrella | Extra liability limits layered over other policies |
Your best option depends on current/past exposure and whether you plan to switch providers down the road.
Professional liability and errors and omissions are essentially the same. Stick with a single, comprehensive professional liability/E&O policy.
Yes! Many insurance companies offer bundled packages, typically including CGL, property, and business interruption. Bundling often means cost savings and fewer renewal headaches.
Consultant insurance includes industry-specific protections such as E&O and cyber that are tailored to advice-based companies offering more than standard small business insurance.
Yes. Sign-offs don’t prevent lawsuits related to negligence or mistakes. Insurance protects you regardless of approvals.
Yes. Whether full-time or part-time, if you give advice or services for a fee, you are exposed to liability and data risks. Freelancers are just as likely to face legal claims, especially without the legal protection a corporation might offer.
Not entirely. While it may cover personal liability, business tools and file backups typically aren’t included. Your consultancy assets need commercial property insurance. Speak to a Morison Insurance broker to see if you need home-based business insurance.
The amount of consultant insurance coverage you need will depend on your:
A Morison Insurance broker can tailor a consultant insurance quote that meets both your risk and requirements.
There are many ways you can save on a consultant insurance quote including:
Contact Morison Insurance at 1‑800‑463‑8074 or fill out the form on this page to speak with a consultant insurance specialist. We work with the best business insurance companies and will help get you a quote that is tailored to your specific needs giving you peace of mind knowing your business is properly protected.
