What is Consulting Insurance?
Consultant work can make for a financially and personally rewarding career, but it does come with some risks. In addition to the common risks that most businesses must consider, consultants also have to take into account what could happen if they gave incorrect advice. Consulting insurance can help protect Vermont consultants from many of the common and specific risks they face.
Consulting insurance is specialized commercial insurance for professional consultants. In order to offer consultants multiple protections, these policies typically come as package policies with several coverages bundled together.
What Professionals in Vermont Need Consultant Insurance?
Most Vermont professionals who provide consulting services should have consultant insurance in place. This may include both traditional consultants and other professionals who offer clients advice. Some examples of professionals who ought to consider this insurance include those who:
- Work as full-time Consultants
- Moonlight as part-time Consultants
- Have established Consulting relationships
- Operate a consulting firm
In short, full-time, part-time and retirees who offer consulting services in any form likely can benefit from this type of policy. Anyone who is unsure whether one of these policies is right for them can get advice from an insurance agent who specializes in consultant insurance.