Management consultant insurance
You advise on decisions that cost real money. Professional indemnity covers claims about your advice, and public liability covers injury or damage you cause while doing the work.
Professional indemnity from €10.80/month, public liability from €7.55/month.
Online quote in minutes, no long-term commitment, cancel any day.
Business insurance, done differently.
Fully online business insurance in Ireland.
A few questions and you're covered.
No lock-in, no long contracts.
Excess from €0, up to €6.5 million of cover.
Why take out business insurance as a management consultant?
Consulting puts your judgement on the line on every engagement. Here is why dedicated management consultant insurance matters:
Your advice moves real money: A recommendation that turns out to be wrong can cost a client a contract, a restructure or a year of margin. Professional indemnity takes care of your defence costs and the compensation due.
You work inside other people's businesses: Workshops, site visits and client offices, in Dublin, Cork or wherever you are engaged. Public liability covers injury or damage you cause to third parties while you are there.
Cover that matches what you advise on: You declare your consulting activities when you get your quote, from strategy and change management to IT, HR and marketing.
What is Public Liability insurance?
If a third party, such as a client or a member of the public, holds you responsible for an injury or for damage to their property, public liability insurance takes care of your defence costs and any compensation due.
What does it cover? Injury or property damage caused to others in the course of your consulting work. You choose a cover limit of €1.25 million, €2.5 million or €6.5 million per claim, and up to twice that per insurance year.
Cover that fits your profession: You describe your consulting activities in full at sign-up, and your cover matches what you actually do: advisory work, client workshops, seminars and training courses, and business trips.
Is it mandatory? Public liability is not required by law in Ireland. In practice, corporate clients, public tenders and professional bodies ask for proof of cover before they engage you, and public sector tenders commonly specify €6.5 million. Cover starts from €7.55 per month.
Have staff? Employers' liability can be added as an optional cover, with a limit of €13 million per claim. It is not compulsory in Ireland.
Who needs it? Any management consultant who meets clients in person, runs workshops, or works on a client's premises.
What is Professional Indemnity insurance?
Professional indemnity covers the purely financial loss a client suffers because of a professional mistake: wrong advice, a miscalculation, a missed detail, or an error in something you delivered. It does not cover injury or damage to property, which is public liability.
What counts as a professional mistake? Advice that turns out to be wrong, an error in a model or a plan a client relied on, or an assessment that costs your client money.
Who is it for? People whose work is advice, expertise and deliverables rather than physical work. For a management consultant that is the strategy, the recommendations and the implementation support your clients pay for.
How does the cover respond? It is written on a claims-made basis: the claim must be made and reported to us while your policy runs.
Switching to us from another insurer? Work from up to 5 years back can be covered, provided your previous policy would have covered the claim.
Leaving? Claims about work done while you were insured must be reported before your policy ends, unless run-off cover is arranged.
Cover that fits your profession: You select your activities when you apply, so the policy and its exclusions match what you actually advise on and deliver. You choose a cover limit from €125,000 up to €1.25 million per claim, and up to twice that per insurance year. Cover starts at €10.80 per month.
What does our insurance cover for management consultants?
Our cover for management consultants leads with professional indemnity, the cover that answers claims about your advice, with public liability alongside it and one optional cover you can add.
Professional indemnity: Covers purely financial loss a client suffers because of your advice, your recommendations or the work you delivered. Cover limits from €125,000 to €1.25 million per claim, and up to twice that per insurance year.
Public liability: Covers you if a client or another third party suffers an injury, or their property is damaged, in the course of your work. You choose a cover limit of €1.25 million, €2.5 million or €6.5 million per claim.
Employers' liability (optional): If you employ staff, this covers your liability as an employer, with a limit of €13 million per claim. It is not compulsory in Ireland.
Which cover do you need?
Most management consultants are exposed to both, though the weight sits on professional indemnity. One covers injury and damage, the other financial loss from your work. You can combine them in one Insify policy.
Public Liability insurance
Covers claims when your work injures someone or damages something that belongs to them. For example, someone trips over your equipment, or you damage a floor while working at a client's premises.
- Choose your cover: from €1.25 million up to €6.5 million per claim, and up to twice that per insurance year
- Excess from €0, depending on your turnover
- Staff? Add optional Employers' Liability with €13 million cover per claim
- Most relevant when your work brings you into contact with clients, the public, their premises or their belongings
Professional Indemnity insurance
Covers purely financial loss a client suffers through a professional mistake, oversight or wrong advice, with no injury or property damage involved. Think of work a client claims was unfit for purpose and cost them money.
- Choose your cover: from €125,000 up to €1.25 million per claim, and up to twice that per insurance year
- Excess from €0, depending on your turnover
- Most relevant when clients pay you for advice, programmes and plans
What's covered
Consulting across strategy, organisation, change, IT, marketing, HR and recruitment
Market research and opinion polling
Auditing and certifying
Recommending a course of action and helping put it in place
Coaching, and running training courses, seminars and events
Working at client sites, and travelling for the job
The premises you work from
Placing your own staff with a client, or taking an interim management role
Promising or guaranteeing a result, such as a yield or a profitability figure
A contract clause that increases your liability beyond what the law would impose, such as a penalty, a warranty, or a performance commitment
Financial services, such as arranging or selling insurance or investment products
Mergers, acquisitions, and due diligence, where the revenue from that work passed €250,000 in your last financial year
Cover and exclusions shown are indicative and non-contractual. Only the terms of your policy apply.
Claim examples
You build the headcount model behind a client's restructuring plan and a miscalculation understates the redundancy cost. The client proceeds, discovers the gap and holds you responsible. Professional indemnity takes care of your defence costs and the compensation due.
A market-sizing error in a growth strategy you delivered leads a Galway client to launch into a segment that cannot support the product. They claim back the wasted launch spend. Professional indemnity covers the financial loss and your defence costs.
During a change workshop at a client's Cork office, a member of staff trips over the cable to your projector and fractures a wrist. Public liability covers your defence costs and the compensation due to the injured person.
You build the headcount model behind a client's restructuring plan and a miscalculation understates the redundancy cost. The client proceeds, discovers the gap and holds you responsible. Professional indemnity takes care of your defence costs and the compensation due.
A market-sizing error in a growth strategy you delivered leads a Galway client to launch into a segment that cannot support the product. They claim back the wasted launch spend. Professional indemnity covers the financial loss and your defence costs.
During a change workshop at a client's Cork office, a member of staff trips over the cable to your projector and fractures a wrist. Public liability covers your defence costs and the compensation due to the injured person.
Examples are for illustrative purposes only. Compensation depends on the exact circumstances of the claim. No rights can be derived from these examples.
Your business insurance with Insify SmartGuide
Taking out insurance can be quick. Making sure you have the right cover is another matter. With Insify SmartGuide, you don't sign a contract blindly. You ask all your questions, and get clear, immediate and personalised answers, before you take out a policy.
Are you covered if you accidentally damage a client's equipment while working?
What excess should you choose?
Are you protected in the event of a dispute with a client?
Insify SmartGuide guides you step by step to understand what's covered, what isn't, and why. In just a few clicks, you build insurance that's truly tailored to your business, with complete confidence. Try Insify SmartGuide. Understand your insurance before you need it.
How to choose the right insurance as a management consultant?
Criteria to compare:
The cover offered: Check that the policy matches the real risks of consulting: claims about the advice you gave, errors in a model or a plan a client relied on, and injury or damage you might cause to the people and spaces you work in. Make sure every discipline you advise on is covered, whether that is strategy, change management, IT, HR or marketing.
The price: Compare premiums, but prioritise cover that fits advisory work. An attractive price can hide exclusions that matter to a consultant.
The excess: Find out what stays at your own expense when a claim happens, whether it is a dispute over advice or an accident on a client site.
The exclusions: Watch out for exclusions specific to consultants: undeclared advisory activities, missing qualifications, work outside the scope you described, and marketing that promises guaranteed results.
The service: A dispute over advice can surface long after the engagement ends. Choose an insurer that is easy to reach and understands professional services. At Insify, our online support team knows the specifics of your work.
Mistakes to avoid: Do not settle for a generic policy that treats consulting as an office job with no professional risk. Make sure the advice you sell is properly covered, whatever the discipline and whoever the client. If you also advise in a neighbouring field, such as IT consulting or marketing, check that those activities are on your declared list too. To secure your business today, discover our public liability and professional indemnity insurance.
More than 40,000 entrepreneurs trust us
When I had to make a claim, I was amazed how quickly and efficiently it was handled. Within a few days I had a resolution.
Very friendly, quick and thorough. It gives me real confidence in taking out the cover. The company feels genuinely transparent, exactly what I look for. You don't find that often.
Very friendly, quick and thorough. It gives me real confidence in taking out the cover. The company feels genuinely transparent, exactly what I look for. You don't find that often.
When I had to make a claim, I was amazed how quickly and efficiently it was handled. Within a few days I had a resolution.
The cover itself was sorted quickly, and when I later needed support I got that fast too.
Very friendly, quick and thorough. It gives me real confidence in taking out the cover. The company feels genuinely transparent, exactly what I look for. You don't find that often.
When I had to make a claim, I was amazed how quickly and efficiently it was handled. Within a few days I had a resolution.
The cover itself was sorted quickly, and when I later needed support I got that fast too.
Answers to your questions about our insurance for management consultants
Professional indemnity is the core cover for a management consultant: it takes care of your defence costs and the compensation due when a client suffers a purely financial loss because of your advice, your recommendations or the work you delivered. Alongside it, public liability covers injury or property damage you cause to third parties in the course of your work, which matters as soon as you run workshops or work on a client's premises. Which combination is right for you depends on how you work, and you can get a quote for both online in minutes.
Insurance is not required by law for a self-employed management consultant in Ireland. In practice, corporate clients, public sector tenders and professional bodies will usually ask for proof of cover before they engage you, and public tenders commonly specify a minimum limit. Having cover in place also means you are not personally exposed if a client claims that your advice cost them money.
Public liability covers injury or property damage you cause to others in the course of your work, for example a member of staff who trips over your equipment during a workshop. Professional indemnity covers purely financial loss caused by your professional advice or services, for example a strategy a client says was built on a miscalculation and cost them money. Note that promising or guaranteeing results, such as yields or profitability, is excluded, so keep your proposals and marketing realistic. Most consultants combine the two.
The price depends on your turnover, the activities you declare, your headcount and the cover limit and excess you choose. At Insify, professional indemnity for a management consultant starts from €10.80 per month and public liability from €7.55 per month. A personalised quote takes a few minutes online, and you can adjust the cover limit and the excess to see how they affect your premium.
It is not compulsory, but it is the cover that answers the claim a consultant is most likely to face. Your work is advice and deliverables, so the loss a client suffers is usually financial rather than physical: a plan that did not work, a model with an error in it, an assessment that led to a costly decision. Public liability would not respond to that, because no injury or property damage is involved. If clients pay you for judgement, professional indemnity is the cover that matches the risk.
Yes. Organising and running company events, seminars or training courses is included, as is the use of land, buildings or premises for the insured activity, so running a session at a client site or a hired venue is covered. Participation in or execution of business trips is included too. Just make sure you describe all the ways you work when you get your quote, so your cover matches your real situation.
Yes, within the activities you have declared. Interim management within the covered activities is included, and so is the temporary placement of own personnel, such as through an employment agency or secondment agency, within the covered activities. Both sit inside your declared consulting scope, so describe them at sign-up rather than assuming they are implied.
The excess is the part of a claim you pay yourself. For example, if a claim settles at €4,000 and your excess is €500, you pay €500 and Insify pays €3,500. The options are €0, €250, €500, €1,000 and €2,500, with €0 and €250 available up to €500,000 annual revenue; above that the minimum is €500. A higher excess usually lowers your premium but means more out of pocket when a claim happens.