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.
|Per occurrence limit||$1,000,000||$1,000,000||$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|
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
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.
|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|
|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|
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
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.
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|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|
|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:
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.
|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|
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
Rehabilitation and retraining
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.
Issues an online proof of insurance instantly
Fastest general liability insurance for marketing consultants
Great customer service and reputation
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
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
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
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 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