Insurance is important for environmental consulting just as it is for management consulting, engineering consulting, lactation consulting, education consulting, marketing consulting, IT consulting, and other consulting professions. Suppose you are subcontracted as an environmental consultant on a project to design a landfill. Unfortunately, upon further scrutiny, your report is found to have errors and omissions which lead to a violation of regulatory requirements.
Alternatively, consider a situation where a property investor settles on purchasing some real estate based on your assessment. Unfortunately, your site assessment report fails to mention that there was a preexisting dry cleaning operation at the exact location. Following the investment, there is severe perchloroethylene contamination that costs the investor sums to mitigate.
Both these instances potentially represent costly litigation. Other than the cost factor, these scenarios expose your business to situations that could possibly damage the firm's reputation. In worst-case scenarios, these occurrences could be grounds for the closure of a business.
These represent just some of the risks that environmental consultants are exposed to. You have to grapple with unexpected site conditions, expanding liabilities, and even unclearly defined responsibilities within the contract signed with potential clients. These represent jeopardizing circumstances that put the firm's reputation and assets at risk.
Granted, there are situations where such mishaps do not result in lawsuits. Still, even when claims don't occur, you want to have appropriate environmental consulting insurance in place. You want to find and work with an environmental consultant insurance provider with sufficient experience in the environmental liability market. Typically, said insurance provider will have created a pool of in-house knowledge base with sufficient understanding of insurance acumen.
Overall, whether you intend on taking advantage of the vast number of government environmental regulations, public interest in conservation and sustainability, or the need for remediation plans, to be successful, you need someone covering your back which is where environmental consulting insurance comes in.
Often, providers will bundle different policies under environmental consultant insurance coverage. The first will be the pollution liability policy which provides coverage for qualified third-party claims filed against your environmental consultancy in case pollution occurs. This policy is available on a claims-made or occurrence-type basis.
Similar to business consultants, HR consultants, sleep consultants, safety consultants, financial consultants, immigration consultants, and legal consultants, get professional indemnity insurance. Environmental consultant professional indemnity insurance is designed to provide coverage for liability arising out of qualified acts and errors and omissions while carrying out environmental consultancy.
Professional liability insurance for environmental consultants comes into play if, as a consultant, you owe the plaintiff a legal duty of care. You ought to be aware that the environmental consultant/client relationship is considered equal in measure as compared to the doctor/patient relationship.
As such, given the relationship's fiduciary nature, your client has a right to file a claim in the event that substandard service is offered. Therefore, you've got to meet the "reasonable consultant" standard memorialized by the signed contract.
The professional indemnity policy for environmental consultants will often cover:
Court attendance costs
Breach of civil liability
Negligent act, error, or omission
Unintentional intellectual property rights infringement
Negligence of subcontractors
Loss of third-party documents or data
Unintentional breach of confidentiality
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Other than the professional indemnity coverage, consider talking to your provider of choice about purchasing public liability insurance. This policy covers your environmental consultancy if a member of the public suffers injury or property damage due to your work. The policy covers your business in the event that a compensation claim is filed and comes in equally handy when settling legal costs.
To stay afloat in today's competitive market, you want your environmental consultancy to be technically-led. This enables you to address the market directly as you will essentially be product-pushing.
However, while embracing a "this is what we sell" culture stands to be profitable, it exposes your business to threat actors that could put your IT infrastructure and client's data in jeopardy.
As such, consider investing in a cyber liability policy for environmental consultants. If you were to suffer a breach or any other cyber security issues, the cyber insurance for environmental consultancies covers:
Regulatory defenses expenses and fines
Business interruption costs
Cyber extortion costs
Crisis management expenses and betterment costs
Employees and subcontractors represent additional risks. If any of these individuals were to be injured in the line of duty, you are expected to meet the medical costs.
It becomes even more detrimental when said employees file a claim against your business. In such cases, there are additional legal expenses that you might be forced to pay out of pocket. Add the cost of missed working days, and you are in a financial mess that could easily be avoided with a workers' compensation policy.
An additional insurance policy that you'll need is premises liability exposure. Suppose clients occasionally visit your premises. If there were to be an accident within your premises, you are liable for all the medical and legal costs that might arise. Having the premises liability insurance limits the backlash that said accidents might have and the expenses that you would ultimately need to pay out of pocket.
The average cost of a $1 million general liability insurance for a small-scale environmental consultancy is $34 per month or $408 per year.
In addition, here’s a table showing the rates of the best environmental consultant insurance companies:
|Cost per Month||Cost per Year||Best for|
|NEXT||$25||$300||Best overall; Fastest general liability insurance for environmental consultants|
|CoverWallet||$29||$348||Environmental consultant insurance quotes comparison online|
|Tivly||$32||$384||Comparing environmental consultant insurance quotes over the phone|
|Hiscox||$36.07||$432.84||Cyber liability insurance for environmental consultants|
|Markel||$39||$468||Umbrella coverage for environmental consultants|
|Hall & Company||$40||$480||Professional liability insurance for environmental consultants|
We suggest you compare quotes to get the best coverage at the most affordable rate. See the offers and premiums of different carriers by clicking the “Get Quotes" button on this page.
You will pay $43.67 per month or $524.04 per year on professional liability insurance for an environmental consultant.
Workers' compensation insurance for environmental consultants will cost $55 per month and $660 per year.
Cyber liability insurance for an environmental consultant will cost $162 per month or $1,944 per year.
Note that in all these policies, you can negotiate for cheaper insurance quotes. It would help if you arm yourself with pertinent business information to present to the representative working with your insurer of choice.
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The best environmental consultant insurance companies will provide you with a comprehensive risk-transfer program. The latter is expected to provide all-around protection against financial loss from highlighted risks.
If you are on the lookout for first-class insurance coverage backed by the right amount of technical knowledge and financial strength, consider these environmental consultant insurance companies. Read to know their pros, cons, and rate for a $1 million general liability insurance.
Issues an online proof of insurance instantly
Great customer service and reputation
Outstanding value for money
Get a 10% discount if you buy two or more environmental consultant policies
Couldn’t find any
NEXT’s environmental consultant insurance offers general liability insurance and professional liability insurance.
The general liability insurance of this company offers a $1 million per occurrence limit and a $2 million aggregate. No deductibles apply. Also, protection against liability to rented premises and completed operations is included.
Similar to general liability insurance, this company’s professional liability insurance offers $1 million coverage for each claim. No deductibles apply.
At an additional cost, you can include commercial property insurance, workers compensation insurance, and terrorism coverage to your specialized policy.
Best for: Best overall; Fastest general liability insurance for environmental consultants
Average cost: $25 per month
Our rating: 10/10
Compare environmental consultant insurance quotes online
No hidden charges
Online policy management and premiums payment with the MyCoverWallet app
Not an insurance company but an insurance broker
CoverWallet sells commercial property and general liability insurance for environmental consultants.
This company’s environmental consultant general liability insurance has a $1 million per occurrence limit with a $2 million aggregate. A $250,000 products and completed operations coverage is included in its terms.
Commercial property insurance, on the other hand, provides a minimum $100,000 building and contents coverage. Note that this is underwritten as a replacement cost policy.
You can bundle commercial property and general liability insurance in a BOP. Also, workers' compensation insurance and professional liability insurance can be added at an additional cost.
Don’t forget to use CoverWallet’s online quotes comparison platform before getting covered to find the best deals for your business.
Best for: Environmental consultant insurance quotes comparison online
Average cost: $29 per month
Our rating: 10/10
Compare environmental consultant insurance quotes over the phone
Call and get covered quickly
Responsive customer service
Takes you to partners if it can’t provide coverage
Doesn’t issue online quotes
Tivly (formerly CommercialInsurance.NET) underwrites general liability insurance, commercial property insurance, commercial auto insurance, and other business insurance policies for consultants. But note that you have to apply for a quote online and speak to an agent to get covered.
This company’s general liability insurance can have a $1 million-$3 million per occurrence limit. You can also customize and add tools and equipment insurance and non-owned/hired auto insurance to the terms of the policy.
Call Tivly now to compare environmental consultant insurance quotes over the phone.
Best for: Comparing environmental consultant insurance quotes over the phone
Average cost: $32 per month
Our rating: 10/10
You can download all documents right from the website
Additional policy options include public and employer's liability, legal expenses, and more
Continuous policies meaning policyholders do not need to complete lengthy forms to renew each year
Commercial and legal helpline where policyholders can call for free advice on contracts and other policy matters
BOPs are generally only available to businesses with 10 employees or fewer
No environmental consultant coverage available in Alaska
Hiscox offers environmental consultants several coverage options, including general liability, professional liability, business owner's policy, and cyber insurance. Other than these insurance products, you can also purchase additional coverage through partnerships with other providers. For instance, workers' comp insurance, directors and officers insurance, umbrella and employment practices liability insurance are all available via Hiscox's partnership with the insurance marketplace CyberPolicy.
As for why you must choose Hiscox environmental consultants professional indemnity insurance, you will be covered for:
Negligence where you have failed in your duty of care to a client or given incorrect advice
Infringement of intellectual property rights
The cost of restoring or replacing business documents or data if you lose, destroy, or damage said data
Best for: Cyber liability insurance for environmental consultants
Average cost: $36.07 per month
Our rating: 9/10
Well-established carrier with over 90 years of industry experience
Policyholders can file claims by phone, online, or mail 24 hours a day, 7 days a week
Coverage is available in all 50 states and has operations in Bermuda, Dublin, and London
BBB accredited since January 1, 2001
Transfer discounts of up to 10% if a policyholder was to switch to Markel specialty from another insurance provider
Excellent financial strength
While BBB accredited, Markel has lots of negative reviews from unsatisfied customers
Markel doesn't provide an official claims response time frame promise
Markel's hotline for customer service inquiries does not specify business hours on their official website
No online quoting available
Markel was founded in 1930 as a holding company for insurance, reinsurance, and investment operations around the globe. At present, the insurer has 90 years' worth of experience in the insurance industry. With this extensive experience comes exceptional product knowledge and how their environmental consultant products solve customer problems.
Amongst the specialized products on Markel's list is an environmental liability which offers standard insurance options such as umbrella coverage, excel liability, and general liability. What's more, Markel is renowned for its innovative cyber risks insurance coverage that is currently a market standard.
Cycling down to what Markel is best for is quite intimidating. The insurer gets many positive reviews, especially from small environmental consultancies needing umbrella coverage. If you are looking for risk-management services to help reduce the occurrence and costs of claims, then Markel is the insurer for you. Finally, if you are looking to leverage additional resources, including safety training and HR training, consider getting in touch with Markel.
Best for: Umbrella coverage for environmental consultants
Average cost: $39 per month
Our rating: 9/10
Insurance agents willing to mentor clients toward the best possible policy
Seamless policy management
Attentive and responsive customer service
Extensive experience handling malpractice claims
Few environmental consultant insurance policies are available
Limited information on the company
Founded in 1973, Hall & Company has its headquarters in the West Coast. The insurer has earned its name for dependable business insurance for architects, engineers, and environmental consultants.
The insurance brokerage firm specializes in professional liability insurance. To service its customer base, the insurer provides 50 different professional liability insurance carriers. You have the option of either involving the provider in getting quotes that assure your firm of getting the best value.
On the other hand, you can choose to place your insurance with a provider who will, in turn, assure you of receiving high-quality, responsive service throughout the policy period. As an environmental consultant working with Hall & Company, you will leverage the company's over 35 years of experience.
Best for: Professional liability insurance for environmental consultants
Average cost: $40 per month
Our rating: 7/10
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow