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Marketing Consultant Insurance: Cost & Quotes from $11/month

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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Businesses, regardless of the type, make money by selling services or goods to consumers or other businesses. And so aside from the management of finances, business owners have to solve the problem of how to make products and services more accessible to consumers. Marketing consultants solve this by recognizing market trends, analyzing data, and crafting strategies.

Marketing consultants, like you, are a specific type of business consultant. You can get insured through a business consultant insurance package. However, only a marketing consultant insurance program caters to the unique risks you face. From this, you can avail policies that grant protection against negligence claims, bodily injury claims, and property damage claims. Read this guide to know the cost of premiums, the best companies, and how each type of business insurance for marketing consultants works.

Marketing Consultant Liability Insurance

A professional liability policy is the most important type of marketing consultant liability insurance to have. But note that general liability and excess liability insurance are useful too. Let’s discuss how these policies work. 


Professional Indemnity Insurance For Marketing Consultants


CoverWallet NEXT (Best)Thimble HiscoxMarkel
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$1,000,000$2,000,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$1,000,000$2,000,000
Name additional insureds?YesYesYesYesYes
Waiver of subrogation included?YesNoYesCan be includedCan be included
License defense coverage includedNoNoNoNoNo
Deductible $500$500$500$50/$10,000$500/$1,000


Use the quotes comparison table above to see which carrier offers the best professional liability insurance for marketing consultants. 

So earlier, why did we say that a professional indemnity policy is the most important type of marketing consultant liability insurance?
Think about it, your analysis and strategies might not yield the expected results. It’s also possible for you to commit mistakes and oversights. All of these issues can cause clients to lose money. 

Of course, clients can file a claim if their business experiences a tragic downturn because of your fault. Remember that the ventures you’re working with have the resources to file a professional liability lawsuit, which could cost thousands and even millions of dollars. 

Professional indemnity insurance for marketing consultants, also called professional liability insurance,  will cover settlements, legal expenses, and court judgments if clients are unhappy with your services and files a claim for:

  • Failure to execute a plan

  • Inaccurate and erroneous analysis of marketing trends

  • Inaccurate advice

  • Executing the wrong marketing strategy

  • Failure to submit strategies and reports on time


Marketing consultant insurance bundles offer a professional liability policy as an occurrence or claims-made coverage. 


General Liability Insurance For Marketing Consultants


CoverWallet NEXT (Best)Thimble HiscoxMarkel
Per occurrence limit $1,000,000$300,000/$1,000,000$1,000,000/$2,000,000$300,000/$1,000,000$1,000,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$600,000/$2,000,000$2,000,000
Products and completed operations aggregate limit $2,000,000
$1,000,000$1,000,000$1,000,000Included
Advertising injury coverage aggregate limit $1,000,000$1,000,000$1,000,000$1,000,000Included
Tenant’s legal liability coverage limit $100,000
$100,000$5,000$300,000Included
Waiver of subrogation included?YesNoIncludedCan be includedIncluded
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedIncluded
Equipment breakdown floater included?No YesYesYesIncluded
Can you get a certificate of insurance online?YesYesYesYesIncluded
Name additional insureds?YesYes
YesYesIncluded
Deductible$0$0$0$0$0


Use the quotes comparison table above to see which companies offer the best general liability insurance for marketing consultants. 

Clients and visitors might demand compensation if they sustain injuries or property damage while at your office during a meeting. And so, it’s good to include a general liability policy in your marketing consulting insurance bundle. 

A general liability policy is the marketing consultant liability insurance that will wrap things up and mitigate financial losses if third parties experience an accident while in the premises of your office. Here are some situations where this insurance can provide coverage:

  • Third parties fall from the stairs of your office

  • Third parties slip and fall while in the premises of your office

  • Third parties trip over a cord while moving in your office

  • You mishandled the client’s laptop during the meeting and it got broken


So what costs are covered? Just like the general liability policy of business consultant insurance programs, the general liability policy of marketing consultant insurance grants coverage for these expenses:

  • Medical treatment of the claimant

  • Reimbursement for the damaged property of the claimant

  • Legal fees

  • Court judgments


Excess Liability Insurance For Marketing Consultants

A claim might be too costly for your general liability policy or professional liability policy to handle. And so, you’ll need excess liability insurance. Excess liability insurance, which might be an inclusion in management consultant insurance bundles, will cover the remaining costs if your liability coverages can’t fully cover a claim.

Compare Cheap Marketing Consultant Insurance Quotes Online

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Commercial Property Insurance For Marketing Consultants 


CoverWalletNEXTThimbleHiscoxMarkel (Best)
Building coverage limit (minimum)$50,000$115,000$25,000/$500,000$25,000$1,000,000
Contents coverage limit (minimum)$50,000$25,000$25,000/$500,000$25,000$250,000
Outdoor signsExcluded$2,500ExcludedExcludedExcluded
Accounts receivable ExcludedExcluded$5,000/$10,000Included$25,000
Money and securitiesExcluded$2,500$1,000Included$5,000
Lock and keys Excluded$2,500ExcludedExcluded$1,000
Business interruption floaterExcludedIncludedIncludedIncluded$50,000
Equipment breakdown floaterExcludedIncludedExcludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500Included$10,000


Use the quotes comparison table above to see which companies offer the best commercial property insurance for marketing consultants. 

The office is an integral part of your operations as a marketing consultant. It’s where you hold meetings with clients, archive papers and important records, and store valuable equipment. You’ll lose a lot if something happens to the office. And so, consider purchasing commercial property insurance for marketing consultants. 

will cover the replacement cost or actual cash value of your office if it gets damaged or destroyed because of:

  • Fire

  • Theft

  • Vandalism

  • Civil commotion

  • Malicious mischief

  • Sinkhole collapse

  • Volcanic action

  • Falling objects

  • Aircraft

  • Impact

  • Vehicles


Remember that the coverage of commercial property insurance doesn’t only apply to your office. This insurance will also reimburse losses if something happens to valuable papers and records, bulletin boards, computers, HVAC, and other valuables while on the business premises. 


Business Owner’s Policy For Marketing Consultants 


CoverWalletThimble NEXT (Best)Hiscox
General liability aggregate limit $2,000,000$2,000,000$1,000,000/$2,000,000$600,000/$2,000,000
Commercial property coverage limit $50,000$500,000$115,000$25,000
Optional policies can be added?YesYesYesYes
Name additional insureds for free?YesYesYesYes
BOP discount?YesYesYesYes


Use the quotes comparison table above to see which insurance company offers the best business owner’s policy for marketing consultants. 

A business owner’s policy is a fusion of commercial property insurance and general liability insurance. 

Consider purchasing this coverage if you’re tight on budget. At a price cheaper than when you bought general liability and commercial property insurance separately, this insurance grants coverage for both liability claims and business property damage or loss. 


Workers Compensation Insurance For Marketing Consultants 

Your part-time and full-time employees can get injured or develop an illness. For example, they can slip and fall because of a spilled liquid on the floor. Accidents might happen while they’re outside running an errand for your business. Of course, office work can contribute to back pains, neck pains, and eye strain. 

Purchase workers compensation insurance so that you can give the appropriate benefits without incurring financial losses when an employee sustains a work-related injury or disease. Workers' compensation insurance is underwritten to cover your employee’s

  • EMT services fees

  • Medical treatment

  • Hospitalization

  • Medication

  • Rehabilitation and retraining

  • Lost wages

  • Funeral expenses and allowance to dependents in case of death


An employer’s liability coverage might be automatically included in the worker's compensation policy of marketing consultant insurance bundles. You can use this to cover settlements, legal expenses, and court judgments if an employee sues you for negligence after a work-related injury or disease. 


Cyber Insurance For Marketing Consultants 

A breach can happen to the computer where you’re storing records, client data, marketing analytics, and other important information. Cyber insurance can help in this situation. 

Cyber insurance protects you against data breaches, malware, ransomware, and cyber security errors. You can use this insurance to cover the expenses for:

  • Customer notification and other public relations services

  • Professional services for containing the cyber attack

  • Professional services for recovering lost data

  • Legal expenses if affected clients sue you

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Marketing Consultant Insurance Cost 


Cost per MonthCost per YearDeductible
General liability insurance$35$420$0-$500
Professional liability insurance$54$648$500-$1,000
Commercial property insurance$40$480$1,000-$2,500
Business owner’s policy$70$840$500-$1,000
Workers compensation insurance$46$552$2,000-$5,000
Cyber liability insurance$52$624$500-$1,000


The average marketing consultant insurance cost is $35 per month or $420 per year for a $1 million general liability policy. Factors that affect the cost of premiums are claims history, the clients you work with, business experience, number of employees, annual revenues, annual payroll, and location. The second table below shows how much marketing consultant insurance companies charge for their $1 million general liability policy. 


Cost per MonthCost per YearBest for
NEXT$18$216Best overall; Fastest general liability insurance for marketing consultants
CoverWallet$22.41$268.92Marketing consultant insurance quotes comparison online
Tivly$26$312Comparing marketing consultant insurance quotes over the phone
Hiscox$29.16$349.92Marketing consultants who provide services locally and abroad
Thimble$34.08$408.96On-demand marketing consultant insurance policies
Markel$37$444Workers' compensation and business owner's policies

Compare Cheap Marketing Consultant Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Marketing Consultant Insurance Companies 

After an evaluation of insurance providers offering marketing consultant insurance, here's the list of the best marketing consultant insurance companies in the market today. Read to know their pros, cons, and cost of a $1 million general liability insurance. 


NEXT Marketing Consultant Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for marketing consultants

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you bundle marketing consultant insurance policies

Cons

  • Couldn’t find any

NEXT offers workers compensation insurance, general liability insurance, commercial property insurance, and professional liability insurance for marketing consultants. 

This company’s general liability insurance for marketing consultants provides a $300,000 minimum coverage. However, this can be customized so that you enjoy $1 million coverage for each claim. 

If you customize, NEXT also adds the language of professional liability insurance to the language of general liability insurance. You get $1 million coverage for each claim of errors and omissions. 

NEXT’s commercial property insurance provides a minimum $115,000 building coverage and $25,000 contents coverage. But still, it’s possible for you to get up to $1 million from the policy. 

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

Average cost: $18 per month

Our rating: 10/10


CoverWallet Marketing Consultant Insurance

Pros

  • Compare marketing consultant insurance quotes online

  • Stable rates

  • No hidden charges

  • Cancel your policy anytime

  • Online policy management and payment of premiums via the MyCoverWallet app

Cons

  • Not an insurance company but an insurance broker 

CoverWallet’s marketing consultant insurance primarily offers professional liability and general liability insurance. 

This company’s general liability insurance for marketing consultants has a $1 million per occurrence limit with a $2 million aggregate. Non-owned/hired auto coverage is included. 

As for CoverWallet’s professional liability insurance for marketing consultants, it offers a $1 million-$2 million per occurrence limit with a $2 million aggregate. 

Workers' compensation insurance, cyber liability insurance, commercial auto insurance, and commercial property insurance can be added as optional policies to marketing consultant insurance at an additional cost. 

Note that CoverWallet has an online quotes comparison tool you can use to compare the rates and buy the marketing consultant insurance quotes it sells. 

Best for: Marketing consultant insurance quotes comparison online

Average cost: $22.41 per month

Our rating: 10/10


Tivly Marketing Consultant Insurance

Pros

  • Compare marketing consultant insurance quotes over the phone

  • Responsive customer service

  • Call and get covered fast

  • Refers you to partners if you’re not a match

Cons

  • Doesn’t issue online quotes

Tivly (formerly CommercialInsurance.NET) sells workers compensation, commercial property, general liability, cyber liability, and other insurance products for marketing consultants. But note that you need to call in order to know if you can get covered. 

If your profile doesn’t match Tivly's preference, it will take you to partners such as NEXT. This saves you the trouble of spending more time looking for other companies that can provide coverage. 

Call Tivly now to compare marketing consultant insurance quotes over the phone. 

Best for: Comparing marketing consultant insurance quotes over the phone 

Average cost: $26 per month

Our rating: 10/10


Hiscox Marketing Consultant Insurance

Pros

  • Worldwide coverage

  • General liability insurance comes with terrorism coverage

  • 14-day money back guarantee

  • Provides you with claims resources

  • In-house team of underwriters

Cons

  • Cyber liability insurance limits is very limited

Hiscox’s marketing consultant insurance offers general liability, cyber liability, and professional liability insurance. 

For marketing consultants, Hiscox offers a general liability insurance that has a $2 million per occurrence limit without any deductibles. You can customize to  get lesser coverage. It even allows you to enjoy terrorism coverage and the naming of additional insureds. 

Hiscox’s professional liability insurance provides $1 million for each claim of errors and omissions. Note that copyright infringement and other advertising injuries are also covered. 

Last but not least is cyber liability insurance. This provides $250,000 coverage for each cyber liability claim. You can choose to upgrade this insurance by adding media liability coverage to its language. 

Best for: Marketing consultants who provides services locally and abroad

Average cost: $29.16 per month

Our rating: 10/10


Thimble Marketing Consultant Insurance 

Pros

  • Thimble offers flexible policies for small business owners

  • Policyholders have the option of a scalable plan model

  • Fast and efficient quote process 

  • Thimble has A-ratings from both AM Best and Standard and Poor's

  • Affordable pricing 

  • Quickness of quotes 

Cons

  • Policyholders might overpay for policies that they ultimately don't need 

  • General liability insurance is only available in 48 states and the District of Columbia. It is not yet available in the states of New York and Washington 

Thimble offers coverage on demand. You want to take advantage of this to get a custom marketing consultant insurance specialized to your business needs. Marketing consultant insurance offered by Thimble includes both general liability insurance and professional liability insurance. 

If you are keen on a digital experience, you must take advantage of Thimble's website. The latter is not overwhelming and is organized in a user-friendly fashion. On the website, you can get quotes, purchase a policy, and file a claim. Policyholders also have a mobile application.

The cost of your marketing consultant insurance policy from Thimble will depend on your zip code, coverage limit, size of your team, and the length of coverage you are looking to purchase. Once you purchase the policy, you will instantly get a certificate of insurance. You can add and modify your additional insureds as many times as necessary. 

Best for: On-demand marketing consultant insurance policies

Average cost: $34.08 per month 

Our rating: 9/10


Markel Marketing Consultant Insurance

Pros

  • Well-established carrier with 90+ years of experience in the insurance industry 

  • Highly rated by A.M. Best and the BBB

  • 24/7 claims reporting via phone, mail, and online

  • Strong financial rating 

  • Marketing consultant insurance is available in all 50 states and includes international operations in Bermuda, Dublin, and London 

Cons

  • While Markel is BBB accredited, there are many negative reviews from unsatisfied customers

  • Limited product reviews on the official website 

Markel is a global holding company for insurance, reinsurance and investment operations. Founded in 1930, Markel has 90 years of experience in the insurance industry. 

Be sure to combine marketing insurance policies in a business owner's policy. In doing so, you'll earn a 10% multi-policy discount. You also can add Markel's Specialty's commercial umbrella liability insurance policy to the BOP policy, which provides additional protection. 

Markel offers policyholders numerous ways to earn a discount. A discount you must be garnering for is the diminishing deductible. You get this discount if you do not file any claim during the period when the policy is active. 

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

Average cost: $37 per month 

Our rating: 8/10


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