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Legal Consultant Insurance: Cost & Quotes From $11/mo

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

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Today's economy presents a plethora of opportunities for legal consultants. You can be hired as the trusted point of reference for immigration consultants, ensuring that all requirements for obtaining visas are complete and orderly. 

Businesses might also request your services and place you on a team of financial consultants. Here, you’re the professional that ensures that taxation laws and contractual obligations are met. 

As a legal consultant, you may be accused of breaching the contractual agreement, including failing to provide the best advice. Besides, a client might feel that the advice you provided resulted in noncompliance with state or federal law, financial damages, and personal injury claims.

Further, suppose you provide what could be considered discriminatory policies or curriculums, subject to litigation if the client takes legal action. Additionally, what if the client claims ineffective documentation, which leads to a legal battle?

To protect yourself, you need legal consultant insurance. This specialty insurance protects your firm from any claims or lawsuits brought against it.

Without legal consultant insurance, you will solely have to meet the cost of said lawsuits and court judgments if the trial goes sideways. With the cover, you have a partner in your corner covering you in case a mistake or accident occurs.

Limits of General Liability Insurance for Legal Consultants


Value
General liability per occurrence limit $1 million
General liability aggregate limit $2 million 
Products and completed operations coverage limit $2 million
Advertising injury coverage limit $1 million 
Medical payments coverage limit $5,000
Deductible$0-$2,500

 

Legal consultant liability insurance covers the cost of defending your business from third-party claims. 

A standard general liability policy typically covers legal defense costs and costs of settlements and judgments resulting from claims of:


Bodily Injury

If someone is injured at your place of business or due to your operations, you are held liable for the resulting medical expenses. The policy steps in to meet these costs. 


Property Damage

If you or anyone affiliated with the legal consultancy were to damage another's property during the course of business, you are held liable for its value. The general liability insurance policy steps in to cover all arising costs. 


Advertising Injuries

If there were claims of false advertising or copyright infringement, the policy would cover the cost of the claim. 


Tenant Legal Liability

If you rent a business premise and there is damage to it which results in a lawsuit from the landlord, the policy covers the costs of said lawsuit. 


Defamation 

General liability insurance covers reputational harm due to libel and slander, wrongful eviction, false arrest, or invasion of privacy.  


Limits of Professional Indemnity Insurance for Legal Consultants 


Value
Professional liability per occurrence limit $500,000-$5 million 
Professional liability aggregate limit $2 million-$5 million
Deductible$500


Professional indemnity insurance covers the cost of defending your legal consultancy from any allegations of professional negligence. The policy covers any allegations of giving your client incorrect or wrongful advice. 

It also covers any compensation for damages you must give to the claimant. You must consider getting a professional indemnity cover with limits ranging from $500,000 to $5 million. 

In a world where legal malpractice claims are on the rise, getting professional liability insurance for your legal consultancy saves you from the legal and financial strain that a claim could inevitably cause. 

Also referred to as errors & omission (E&O) insurance policy, legal consultant professional indemnity insurance further covers: 

  • Documentation errors 

  • Misuse of client's data 

  • Violation of laws and regulations 

  • Theft, breach of contract, poor behavior 

  • Inaccurate advice


Workers' compensation insurance isn’t only useful for lactation consultants, but for your business too. While the law consultancy might not typically face grave physical hazards or risks, there still could be some work-related injuries.

As such, you want to purchase workers' compensation insurance that protects your firm from damages, including medical bills and lost wages when an employee sustains any injury at work. 

Note that the worker's compensation for you and other kinds of consultants comes with an optional employer’s liability insurance. 


Cyber Liability Insurance 

In today's legal landscape, you will likely be dealing with clients' sensitive data and personal information. This means that your legal consultancy is a prime target for threat actors. While you could take steps towards keeping your consultancy's IT ecosystem safe, you also need to get appropriate insurance to cover cyber liability issues. 

While the insurance policy doesn't prevent a security breach, it sure can help your consultancy over the claims. It can also come in handy in dealing with the financial implications of data recovery following a cyber event. 

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Directors And Officers Insurance (D&O)

D&O insurance is a type of business liability insurance meant to protect your consultancy if a claim or lawsuit is filed against your board of directors. An example of a lawsuit would be one pertaining to business mismanagement. The policy also protects you against any suits alleging firm mismanagement. It covers all the potential defense costs and could reimburse the settlement costs for such claims. 

 

Employment Practices Liability Insurance (EPLI)

If you have a few other legal consultants working within your consultancy, you must consider getting an EPLI. This policy protects the legal consultancy firm from potential employment-related lawsuits and claims that your employees might make against you for violating their rights. This policy protects you from claims of: 

  • Discrimination 

  • Wrongful termination 

  • Sexual harassment

  • Exploitation

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Legal consultants pay $38 per month or $456 per year for a $1 million general liability insurance. Here’s a table showing how much companies charge:


Cost per MonthCost per YearBest for
NEXT$22.43$269.16Best overall; Fastest general liability insurance for legal consultants
CoverWallet$25$300Legal consultant insurance online quotes comparison
Tivly$27$324Comparing legal consultant insurance quotes over the phone
Thimble$30$360On-demand general liability insurance for legal consultants
Hiscox$29.16$349.92General liability insurance with worldwide coverage for legal consultants
ARAG$31$372Insurance plan with perks catered to the unique risks of legal consultants
Markel$35$420Workers' compensation and business owner's policies for legal consultants
The Hartford$39$468Professional liability insurance for legal consultants
AXA$41$492Legal consultants looking for a company with excellent risk consulting services

 

The exact cost of your legal consultant insurance will vary depending on various factors. As such, it would be best that you do your research and get a few quotes from several insurers. Factors that can influence the pricing of your legal consultant insurance include: 

  • The number of attorneys in the consultancy 

  • Area of practice, for instance, certain fields like real estate legal consultancy might attract higher premiums 

  • The geographic location of your practice 

  • Prior claims history 

 

Compare quotes to get the best coverage at the most reasonable rate. Click on the “Get Quotes” button on this page to start. 


Professional liability insurance for legal consultants cost $45.83 per month or $549.96 per year.  At this price, the policy has a $1 million per occurrence limit and a $2 million aggregate limit. 

The cost of workers compensation insurance depends on the number of employees. Most legal consultants working with a team of 5 people pay $55 per month or $660 per year.

A business owner's policy will cost legal consultants $44.83 per month or $537.96 per year. This is considerably cheaper, seeing as you will be combining general liability insurance with commercial property insurance, all for the cost of one. Most BOP will have a $1 million per occurrence limit and a $2 million aggregate limit. 

You will pay $112 per month or $1,344 per year for cyber liability insurance. This policy will cover your consultancy in the event that you ever collect credit card information or social security numbers from your clients. 

Compare Legal Consultant Insurance Quotes Online

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Here's a list of the best legal consultant insurance companies to consider working with. Read to know their pros, cons, and rate for a $1 million general liability policy.


Pros

  • Best overall

  • Get an online proof of insurance and send as a text message, email, or social media post

  • Fastest general liability insurance

  • Great customer service and reputation

  • Issues an online proof of insurance instantly

  • Outstanding value for money

  • Bundle two or more legal consultant insurance policies and get a 10% discount

Cons

  • Couldn’t find any

With NEXT’s legal consultant insurance, you get general liability, commercial property, and workers compensation insurance.

Your general liability insurance from this company has a $1 million per occurrence limit with a $1 million-$2 million aggregate. The policy also provides a professional liability and terrorism coverage at an additional cost. NEXT’s professional liability insurance has a $1 million per occurrence limit and a $1 million aggregate.

Best for: Best overall; Fastest general liability insurance for legal consultants

Average cost: $22.43 per month

Our rating: 10/10


Pros

  • Compare legal consultant insurance quotes online

  • Competitive rates

  • Cancel your coverage anytime

  • Online policy management with the MyCoverWallet app

Cons

  • Not an insurance company but an insurance broker

CoverWallet’s legal advisor insurance consists of professional liability, general liability, commercial property, cyber liability, and workers compensation insurance. This company also allows you to bundle general liability and commercial property insurance in a BOP.

This company’s general liability insurance for legal consultants has a $1 million per occurrence limit with a $2 million aggregate. The policy also provides a $1 million advertising injury coverage, $2 million products and completed operations coverage, and $250,000 rented premises liability coverage.

CoverWallet enables you to compare legal consultant insurance quotes before getting covered. Use this to find the best coverage at the most reasonable price.

Best for: Legal consultant insurance online quotes comparison

Average cost: $25 per month

Our rating: 10/10


Pros

  • Compare legal consultant insurance quotes over the phone

  • A partner of many reputable insurance companies

  • Responsive customer service

Cons

  • You need to call to get a quote

Tivly's (formerly CommercialInsurance.NET) legal consultant insurance gives you general liability, commercial property, workers' compensation, and other business insurance policies. Many reputable carriers that can’t provide coverage will refer you to this company.

Call Tivly now to compare legal consultant insurance quotes over the phone and get covered.

Best for: Comparing legal consultant insurance quotes over the phone

Average cost: $27 per month

Our rating: 10/10



Pros

  • Sells short-term general liability insurance for legal consultants

  • You can pause your general liability insurance

  • Quick to issue estimates of your rates

Cons

  • You can’t get commercial property insurance as a stand-alone policy

Thimble has attorney’s office insurance and you can get covered with this. Policies you can get are general liability, commercial property, and workers compensation insurance.

Your general liability insurance from this company has a $1 million-$2 million per occurrence and aggregate limit. You get to choose how much coverage to get. At an additional cost, you can add a $1 million-$2 million professional liability coverage, and $2,500-$5,000 business equipment coverage to the policy.

Thimble also sells a short-term general liability insurance that lasts for hours, days, weeks, or months.

Best for: On-demand general liability insurance for legal consultants

Average cost: $30 per month

Our rating: 9/10


Pros

  • Get covered regardless of which country you provide legal consulting services

  • 14-day money-back guarantee

  • Sells the short-term general liability insurance of Thimble

Cons

  • Doesn’t offer cyber liability insurance for legal consultants

Hiscox provides coverage for all businesses involved in legal services such as attorneys, legal consultants, and others. You can get general liability insurance or a business owner’s policy from this company. Hiscox’s general liability insurance for legal consultants provides a $300,000 minimum coverage. You can customize and increase limits up to $2 million.

Best for: General liability insurance with worldwide coverage for legal consultants

Average cost: $29.16 per month

Our rating: 9/10

ARAG Ultimate Advisor

Pros

  • Policyholders receive 100% paid-in-full coverage for most covered legal matters

  • Access to more than 13,000 attorneys within ARAG's network with an average of 20 years of experience

  • A network of attorneys is always a phone call way

  • DIY Docs available to policyholders making it easy to create 350+ legally valid documents

  • Policyholders have access to the online Learning Center to view articles, guidebooks, and videos that cover timely legal and financial topics

Cons

  • Class actions, punitive damages, personal injury, and settlement agreements not covered

UltimateAdvisor, administered by ARAG Group, is a professional advisory plan that provides you with access to experienced professionals within the field. ARAG Group provides a toll-free number that connects policyholders to a Telephone Network Attorney. It also has an in-house network of attorneys from across the nation with an average of 18 years of expert counsel.

As a prospective policyholder, you must consider Ultimate Advisor legal insurance as it is a comprehensive plan covering you for all legal and financial situations that you face as you dispense your duties as a legal consultant. You get to choose between a basic plan and ARAG ultimate advisor plus.

Best for: Insurance plan with perks catered to the unique risks of legal consultants

Average cost: $31 per month

Our rating: 9/10

Pros

  • 90+ years of experience in the insurance industry

  • Strong financial standing

  • Legal consultant insurance is available in all 50 states and international offices in Dublin, London, and Bermuda

Cons

  • While Markel is BBB accredited, there are countless negative reviews from unsatisfied policyholders

  • Limited product reviews on the official website

Markel has been insuring lawyers and legal consultants for more than 50 years. Its offering includes a professional liability cover targeting firms with five or more employees.

Policyholders can also leverage Markel's broad definition of professional services. Additionally, the insurer offers risk management resources, including a risk management hotline that's available 24/7.

Finally, Markel's claims service is provided by experienced and knowledgeable professionals, which translates to amicable and fast resolution of claims. Markel's legal consultant insurance policy is $35 per month or $420 annually.

Best for: Workers' compensation and business owner's policies for legal consultants

Average cost: $35 per month

Our rating: 8/10

Pros

  • Above average customer satisfaction ratings

  • Multiple coverage options for legal consultants

  • Coverage in all 50 states

  • A+ rating by A.M. Best and Better Business Bureau (BBB)

  • 24/7 phone, online, or mobile app claims reporting

Cons

  • To purchase a cover, you must talk to an agent

  • If your legal consultancy needs more than $2 million of coverage, The Hartford might not be the insurer for you

The Hartford was founded in 1819, with the primary goal of offering personal and commercial coverage. With time, the insurer has expanded its catalog to include additional coverage options. Policyholders will benefit from The Hartford's strong financial stability and extensive experience within the insurance industry.

Legal consultants get general liability insurance with coverage limits of between $300,000 and $2 million. For legal consultants keen on professional liability insurance, The Hartford is the insurer for you. Their policy ranges from $250,000 to $2 million. You have the option of customizing this professional liability insurance offering to meet your business needs.

This company’s legal consultant insurance is $39 per month or $468.

Best for: Professional liability insurance for legal consultants

Average cost: $39 per month

Our rating: 8/10

Pros

  • 20% off on legal consultant insurance

  • Business equipment, including laptops, phones, and other technology, are covered under the legal consultant cover

  • Policyholders can access advice whenever needed from AXA's legal and tax helpline

  • Easy policy delivery

Cons

  • Reports of delayed payout for claims

  • Less than exemplary customer service

  • Late reply to inquiries

AXA is a French multinational insurance provider with its headquarters in Paris. Its origins stretch as far back as the 1800s. As for this time, AXA has insured over 700,000 businesses worldwide owing to its strong financial standing and reputation.

The AXA's legal consultant insurance offering includes professional indemnity of up to $5 million and public liability insurance of up to $5 million. If you bring on temporary staff, they will be covered for up to 50 days a year and $250 compensation per day for court attendance. Finally, you get employers' liability insurance of up to $10 million which will be comprehensive enough to cover all legal costs and compensations to keep your business protected.

Best for: Legal consultants looking for a company with excellent risk consulting services

Average cost: $41 per month

Our rating: 8/10


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