IT consultants like you help clients design, analyze, and implement software, application, and other information systems. Though you’re working in the four corners of an office, exposures still lurk. This is why it’s good to get IT consultant insurance.
IT consultant insurance is an insurance package comprising policies you’ll also find in web developer insurance packages. The primary inclusions are liability insurance policies. You’ll also find commercial property insurance, workers' compensation insurance, and commercial auto insurance.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $600,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000 | $100,000 | $5,000 | $100,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 |
General liability insurance for IT consultant helps if you unintentionally inflict third parties with bodily injuries or property damage. Here are some of the situations where you’ll find this insurance, which might also be offered in IT contractor insurance bundles, useful:
You asked for a pizza delivery. The delivery man tripped and fell while climbing the stairs of your IT consultancy office. He decided to file a claim to compel you to cover his medical treatment
You were operating in a coworking space. Your computer’s power supply is defective and the cord burned. As a result, the outlet got damaged. The landlord demands you cover the outlet’s replacement and rewiring
Each time you face a claim for bodily injuries or property damage, general liability insurance will cater to these costs:
Medical treatments
Remuneration for the damaged property
Attorney fees and other defense costs
Court judgments
Similar to the general liability policy of IT related protection plans such as app developer insurance, the general liability policy of computer consultant insurance plans comes with these add-ons automatically included:
Products and completed operations coverage
Rented premises liability coverage
Medical expenses coverage
Furthermore, most insurance companies allow you to add these optional policies to your general liability insurance quote:
Waiver of subrogation
Hired/non-owned auto liability coverage
Terrorism coverage
Tools and equipment coverage
Customer property coverage
Use the table above to compare the IT consultant liability insurance of companies we recommend.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | |
|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 |
As an IT consultant, every plan, analysis, or design you give has a significant impact on a client’s project. It’s safe to say that you have liability over any undesirable outcome that can be attributed to your services.
General liability insurance doesn’t grant issues caused by your work. And so, you need another type of business insurance for IT consultants particularly, a professional indemnity policy. This is also called professional liability insurance or errors and omissions insurance (E&O).
Professional indemnity insurance takes care of claims filed because of your negligence, inaccurate advice, violation of good faith, breach of contract, and other related exposures. Here are some situations where you’ll find professional indemnity insurance for IT consultants useful.
You advised an app developer to use a particular platform for designing a mobile game. However, it turned out that the platform was incompatible with the game’s overall design. Because of this the app developer lost a lot of time remediating the issue. He filed a claim against your erroneous advice
You forgot about a client’s project as you were about to embark for a holiday trip. Because of this, the client lost a lot of money as deadlines weren’t met. He then filed a claim and asked you reimburse his financial losses
So how do you use professional liability insurance for IT consultants? When a covered peril happens, you can claim this insurance to get the money for compensating the aggrieved party’s losses and covering legal expenses.
Note that E & O insurance for IT consultants might come with optional add-ons such as waiver of subrogation, primary and noncontributory coverage, etc.
One final thing to remember is that errors and omissions insurance is available as a stand-alone policy. However, insurance companies such as NEXT and Thimble offer this as an optional add-on to the general liability policy of their IT business insurance programs.
Use the table above to compare the errors and omissions insurance for IT consultants, as underwritten by companies we recommend.
Other than the general liability and PI insurance for IT consultants, you want to invest in cyber liability insurance. As a business in the IT field, one security breach could lead to bankruptcy and closure of business.
Without the policy, you would need to cover the cost of litigation and government fines out of pocket, which will ultimately take a financial toll. Cyber liability insurance for IT consultants covers:
Damages to your computer or network due to the cyber attack
Business interruption costs
Cyber extortion fees, including ransom, asked for in a ransomware attack
Costs of the lawsuit, including the costs of defense
Credit monitoring expenses
Public relations costs, including those that cover the campaigns to rebuild your consultancy's reputation
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $340,000 | $25,000/$500,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $16,000 | $25,000/$500,000 | $25,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included |
Your office is an important and costly asset. It’s the place where you admit clients, store important documents, train employees, and do other commercial activities.
You have a lot to lose if something happens to your office. Protect it by purchasing commercial property insurance.
Use the table above to compare the commercial property insurance of companies we recommend for IT consultants.
Commercial property insurance reimburses the replacement cost or actual cash value of your IT consultancy office if it’s destroyed or damaged by:
Fire
Theft
Vandalism
Malicious mischief
Sinkhole collapse
Lightning
Volcanic action
Weather
Falling objects
Aircraft
Vehicle
Impact
The things inside are affected if something happens to the office. And so, this IT consulting insurance coverage will also reimburse your losses if valuable papers and records, computers, furniture, power generators, and other contents get damaged or lost because of the perils above.
The commercial property policy of IT consultant insurance plans is no different than the commercial policy of website design insurance plans. Add-ons are automatically included, such as:
Utility services coverage
Key and lock loss/replacement coverage
Accounts receivable coverage
| CoverWallet | Thimble (Best) | NEXT | Hiscox | |
|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $25,000 |
| Commercial property coverage limit | $50,000 | $25,000/$500,000 | $340,000 | $25,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes |
Purchasing a business owner’s policy is a hassle-free way of insuring your business against legal liabilities and business property losses.
A business owner’s policy is an insurance policy that’s made by bundling general liability insurance and commercial property insurance.
That said, you can use this insurance to cover expenses and recover financial losses when business property gets damaged or destroyed and when third parties file a claim for bodily injuries or property damage.
Depending on which insurance company you work with, a business owner’s policy might have optional policies such as business interruption, cyber liability, hired/non owned liability, and other coverages.
Use the table above to compare the business owner’s policy of insurance companies we recommend for IT consultants.
| NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|
| Aggregate limit | $5,000/$10,000 | $2,500/$5,000 | $5,000/$25,000 |
| Covers hired and borrowed equipment? | $5,000/$10,000 | $2,500/$5,000 | No |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | No |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 |
Tools and equipment insurance can help cover the repair or replacement of your IT consultancy’s computers. The coverage of this IT consulting insurance coverage takes effect when damage, destruction, or loss is caused by:
Fire
Theft
Vandalism
Impact
Human error
Mysterious disappearance
Electrical surge
Electrical shorts
Use the table above to compare the tools and equipment insurance of companies we recommend for IT consultants.
Office work isn’t very dangerous. Nonetheless, working for several hours at a desk can contribute to different bodily injuries or diseases. Examples are headaches, eye strain, chronic back pain, carpal tunnel, and hip injuries.
The law mandates you to get workers compensation insurance if your IT consulting business has one or more part-time and full-time employees. You can use this insurance to account for the following expenses when an employee sustains a work-related injury or disease:
EMT service
Medical treatment
Hospitalization
Rehabilitation and retraining
Lost wages
Funeral expenses and allowance to dependents in case of death
Insurance companies add an employer’s liability coverage to a workers compensation insurance policy. This takes care of settlements and defense costs if an employee sues you for negligence after sustaining a work-related injury or disease.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $38 | $456 | $0-$500 |
| Professional indemnity insurance | $45 | $540 | $500-$1,000 |
| Commercial property insurance | $41 | $492 | $1,000 |
| Business owner’s policy | $70 | $840 | $1,000 |
| Cyber liability insurance | $90 | $1,080 | $1,000 |
| Workers compensation insurance | $95 | $1,140 | $2,000-$5,000 |
The average IT consultant insurance cost is $38 per month or $456 per year for a $1 million general liability insurance. A number of factors will affect the cost of premiums. The first factor that insurers will consider is the consultancy's annual revenue. Additionally, they will consider the number of employees you have as well as the years of experience within the field. Finally, the insurer will consider your claims history.
Here’s another table that shows how much the best IT consultant insurance companies charge for a $1 million general liability policy:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $25 | $300 | Best overall; Fastest general liability insurance for IT consultants |
| CoverWallet | $26.75 | $321 | IT consultant insurance online quotes comparison |
| Tivly | $28 | $336 | Comparing IT consultant insurance quotes over the phone |
| Thimble | $35.46 | $425.52 | Short-term general liability insurance for IT consultants |
| Hiscox | $36.07 | $432.84 | Cyber liability insurance for IT consultants |
Try comparing quotes to get the best coverage at the most reasonable price. Click the “Get Quotes” button on this page to start.
Get all the best quotes from leading providers in a click of a button!
In your search for the best IT consultant insurance companies to work with, here are the few with the best offering. Read some of the reviews below to know their pros, cons, and rate for a $1 million general liability insurance.
Best overall
Issues an online proof of insurance instantly
Great customer service and reputation
Excellent rates
Outstanding value for money
10% discount given if you bundle two or more IT consultant insurance policies
Couldn’t find any
NEXT's IT consultant insurance package includes general liability, professional liability, workers' compensation, and commercial property insurance. Premiums cost $25 per month or $300 annually. The general liability policy has a $1 million per occurrence and a $2 million aggregate limit. If you decide to bundle together two or more IT consultant insurance policies, you will have your premiums reduced by 10%.
Best for: Best overall; Fastest general liability insurance for IT consultants
Average cost: $25 per month
Our rating: 10/10
Compare IT consultant insurance quotes online
Competitive rates
Errors and omissions insurance automatically covers employees and independent contractors
General liability insurance comes with a waiver of subrogation
Pay premiums and manage policies online via the MyCoverWallet app
Not an insurance company but an insurance broker
CoverWallet’s IT consultant insurance offers general liability, errors and omissions, and commercial auto insurance.
This company’s general liability insurance for IT consultants provides $1 million coverage for each claim for property damage or bodily injury. You also get $2 million products and completed operations coverage, $15,000 medical payments coverage, and $300,000 rented premises liability coverage.
Meanwhile, CoverWallet’s IT consultant errors and omissions insurance has a $1 million per occurrence and aggregate limit. It covers alleged and actual claims for negligence. Aside from you, employees and independent contractors are also insured.
Use CoverWallet’s online quotes comparison platform to look at the quotes of companies underwriting IT consultant policies.
Best for: IT consultant insurance online quotes comparison
Average cost: $26.75 per month
Our rating: 10/10
Compare IT consultant insurance quotes over the phone
Responsive customer service
Get covered in a quick and timely manner
Will take you to partners if it can’t provide coverage
You need to call to get a quote
Insurance policies you can get from Tivly's (formerly CommercialInsurance.NET) IT consultant insurance are professional liability, general liability, workers compensation, and commercial property insurance.
Tivly allows you to bundle your professional liability, general liability, and cyber liability insurance in a tailored plan. Policy limits start at $1 million-$2 million. Call Tivly now to compare IT consultant insurance quotes over the phone.
Best for: Comparing IT consultant insurance quotes over the phone
Average cost: $28 per month
Our rating: 10/10
Online quotes available
Policyholders can download all policy documents right from the website
Additional policy options offered
Flexible premiums and payment plans
Continuous policies mean that policyholders don't need to renew their policy contract each year
Not accredited by BBB
Hiscox's IT consultant insurance offering includes general liability, professional liability, cyber liability, and BOP. Policyholders have the option of adding on additional policies from Hiscox’s partners for more comprehensive coverage. Your IT consultancy will be covered for claims of negligence, even when unfounded, infringement of intellectual property rights, and costs of data and security breaches.
Best for: Cyber liability insurance for IT consultants
Average cost: $36.07 per month
Our rating: 9/10
General liability insurance includes tools and equipment coverage
Quick estimates are drawn up seconds after the request
Short-term general liability insurance for IT consultants
Policyholders can download their certificate of insurance in just a matter of minutes
Policyholders can customize the policy deductibles of their commercial property insurance
You can’t get commercial property insurance as a stand-alone policy
Thimble's IT consultant insurance policy covers you for $1 million or $2 million in claims. What you choose will be subject to your needs. However, it is important to note that the price difference between the two limits is minimal.
To get Thimble's IT consultant insurance, you'll pay $35.46 monthly or $425.52 annually. To purchase the policy, you'll give your company details, choose a suitable plan, and wait to receive a quote.
Best for: Short-term general liability insurance for IT consultants
Average cost: $35.46 per month
Our rating: 8/10
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
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!
Not all those who wander are lost.
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