For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!
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.
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.
CoverWallet | NEXT (Best) | Thimble | Hiscox | Markel | |
---|---|---|---|---|---|
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? | Yes | Yes | Yes | Yes | Yes |
Waiver of subrogation included? | Yes | No | Yes | Can be included | Can be included |
License defense coverage included | No | No | No | No | No |
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.
CoverWallet | NEXT (Best) | Thimble | Hiscox | Markel | |
---|---|---|---|---|---|
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 | $1,000,000 | Included |
Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | Included |
Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $300,000 | Included |
Waiver of subrogation included? | Yes | No | Included | Can be included | Included |
Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Included |
Equipment breakdown floater included? | No | Yes | Yes | Yes | Included |
Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Included |
Name additional insureds? | Yes | Yes | Yes | Yes | Included |
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
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.
Get all the best quotes from leading providers in a click of a button!
CoverWallet | NEXT | Thimble | Hiscox | Markel (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 signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Included | $25,000 |
Money and securities | Excluded | $2,500 | $1,000 | Included | $5,000 |
Lock and keys | Excluded | $2,500 | Excluded | Excluded | $1,000 |
Business interruption floater | Excluded | Included | Included | Included | $50,000 |
Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | $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.
CoverWallet | Thimble | 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? | Yes | Yes | Yes | Yes |
Name additional insureds for free? | Yes | Yes | Yes | Yes |
BOP discount? | Yes | Yes | Yes | Yes |
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.
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.
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
Cost per Month | Cost per Year | Deductible | |
---|---|---|---|
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 Month | Cost per Year | Best for | |
---|---|---|---|
NEXT | $18 | $216 | Best overall; Fastest general liability insurance for marketing consultants |
CoverWallet | $22.41 | $268.92 | Marketing consultant insurance quotes comparison online |
Tivly | $26 | $312 | Comparing marketing consultant insurance quotes over the phone |
Hiscox | $29.16 | $349.92 | Marketing consultants who provide services locally and abroad |
Thimble | $34.08 | $408.96 | On-demand marketing consultant insurance policies |
Markel | $37 | $444 | Workers' compensation and business owner's policies |
Get all the best quotes from leading providers in a click of a button!
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.
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
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
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
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
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
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
Worldwide coverage
General liability insurance comes with terrorism coverage
14-day money back guarantee
Provides you with claims resources
In-house team of underwriters
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 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
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
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
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
This company does not care about the people they insure or the people that work for the company. They do stupid meets all day long about quality on calls while injured workers sit in pain waiting for answers but can never get to anyone to help them. This company hires uneducated people to run the company so that nothing important get done. I have heard so many stories about injury workers having bad service. They can’t never get their claims adjuster on the phone and the doctors that this company tells people to go to do not care about their patients causing their injuries to become worse. This company neglect on taking care of people’s injured employees have caused people to end up with disabilities for the rest of their life. if you get insurance under this company you will end up having to hire a lawyer to fight them in court. Do not get a policy with this company. Your employees will pay the price and so will the owners of the company. Honestly they need to get shut down. Avoid at all cost do not get this insurance and do not work for this company.
Terrible customer service. I got this insurance for my Amazon store when I ran one, took a break and cancelled all my subscriptions. I called these guys and they recommended sending an email. They never responded and have been charging me since then. Definitely going to dispute via the bank. Hate when businesses take advantage of other small businesses for their own gain.
I purchased a year long policy for my small business I paid for the year up front. First they sent me the incorrect paperwork and acted as if I had something to do with the mistake. About three weeks later I received a bill for the policy. I then sent countless email as the payment did clear my account. About a week later I'm told they have no record of my payment. Now I have to send any documents proving I said then. It went on for weeks. More requests of proof from this person then another. Every conversation had an under lying tone of me being dishonest. Finally I just gave up with them and filed a despite with my bank which took all of three days.. So now I'm continuing to receive emails that my policy is past due and will be cancelled. Funny, I was told I didn't have a policy because they couldn't locate it.
Purchased the General Liability policy I needed to fulfill a contract for my hiring party. Simply Business made it very easy to complete an application and review multiple quote options. Ended up purchasing a policy for 1/2 of what I originally was told by my agent.
I insured my small business with them from early 2016 to January 2022. I had a workman's compensation policy with them the entire time for my staff of approximately 10 people which fluctuated up and down minimally over the years. We ran a very safe operation and never had so much as one claim. I sold my business in early 2022 and cancelled my policy which triggered a final audit of $2871.00 which was owed back to me. Of course I dissolved my LLC immediately after selling the business and thus closed my bank checking account at the advise of my accountant. Though my name was on the business policy, Employers Preferred Insurance Company refused to issue a check to me directly as the policy holder due to...you guessed it, policy. Long story short, if you sell your business keep a small amount deposited in the checking account because it's almost a guarantee that companies such as Employers will use their policy to weasel their way out of money owed after the dissolution of a business. I should have known that I would be treated a just another number shortly after I signed with them as the sales agent just disappeared after I was set up for an online account to manage my policy. My next business venture will entail me working with an actual insurance agent who has an office in an actual brick and mortar building!