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Insuranks

Safety Consultant Insurance: PI, Cost & Quotes From $11/month

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


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

AND then, get even more quotes over the phone!icon

Speak with a Representative Now Call 866-929-3479

Assessing health and safety hazards for the businesses that contract you don't always go as planned. Similar to legal consultants, you are prone to mistakes. For instance, a poorly conducted risk assessment could result in damage to a client's investment. Such errors can be costly, causing your client's business thousands of dollars. 

In today's litigious environment, there's a likelihood that the client will end up claiming damages. You will likely end up in a legal tussle that will take a toll on both your finances and reputation. That's where safety consultant insurance comes in. 

As you offer your safety consultancy services, you have to manage client expectations. You will likely end up in a severe court case, even if the plaintiff's claim is bogus. Fortunately, the market identifies this need for insurance for safety consultant businesses which you must be keen to leverage. 

Besides, once you are secured by the security consultant insurance, you are assured that you've met all the relevant safety legislation and policies. You are assured that you can plan, implement, monitor, and review the protective and preventive measures your business is contracted to do without having relevant regulatory bodies on your case. 

Overall, safety consultant insurance ensures that your business is protected from third-party claims and that you are in compliance with all relevant safety legislation and policies. As a business offering professional advice to other businesses, you cannot afford to go without comprehensive safety consultant insurance.

Also read:

Safety Consultant Liability Insurance 

Even with years of experience as a safety consultant, mistakes are bound to happen. When these occur, you want to have safety consultant liability insurance. The latter protects you and your business from a myriad of claims. 

Most clients require that you present proof of general liability policy from the get-go if they are to award you the contract. This general liability policy is expected to cover your business from claims of: 


Third-Party Bodily Injury

The general liability cover for a safety consultant will cover all costs resulting from injuries to persons. These injuries' costs could include hospital care, lost wages, pain, and suffering.

 

Third-Party Property Damage 

Suppose that in carrying out business-related activities, you cause property damage to a third party's property. General liability insurance covers the costs resulting from said damages or loss of property. 


Personal Injury 

Personal injury, under general liability coverage, refers to insurable offenses that produce harm other than bodily injury. This cover takes care of claims of invasion of privacy, slander, libel, or copyright infringement that result from your safety consultancy.

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Professional Indemnity Insurance for Health And Safety Consultants 

In carrying out your health and safety consultancy, you always strive to deliver the very best services, guidance, and advice to the clients that contact you. But achieving 100% is simply unattainable. A single inadvertent error can lead to a chain reaction that results in both complex and costly problems. 

In your capacity as a health and safety consultant, you are considered liable for these mistakes. As such, if things were to go wrong, you want to have health and safety consultant professional indemnity insurance. 

Professional indemnity insurance for health and safety consultants covers these perils:

  • Negligence in preparing reports about organizations' efficiency and effectiveness based on a lack of research 

  • Leverage of inappropriate statistical techniques to analyze the data 

  • Invasion of privacy 

  • Failure to provide suitable policies for the enhancement of the organization

  • Improper fact verification and the lack of careful assessment that results in misleading information 

  • Provision of advice that contradicts laws and regulations 

 

Commercial Property Insurance for Safety Consultants 

As a safety consultant, you are likely going to be taking equipment like laptops and mobiles to your consultancy meetings. Further, you probably run your safety consultancy from an office. Any devastative occurrence, including theft or tragedies like fire or a building collapsing, could mean business closure. That's why having commercial property insurance comes in handy. 

Choosing the right commercial property insurance means making a choice between being overinsured and paying unnecessarily high premiums or being underinsured and leaving your business exposed. An excellent place to start would be to determine the value of both your property and personal equipment. 


Business Income Coverage for Safety Consultants

Besides commercial property insurance, it would be best to get business income coverage. The occurrences mentioned above could significantly strain your income or cause income loss for you and your employees. Besides, the costs of repairs, replacement, or rebuilding efforts will likely have to be met from your savings. That's where business income insurance comes in. 

Also referred to as business interruption insurance, this policy is typically structured either on a limited time period or a limited amount of income. It is invaluable when it comes to protecting your income and that of your employees from the financial loss that comes after a loss. 

 

Business Owner’s Policy for Safety Consultants

Oftentimes, commercial property insurance, business income coverage, and general liability insurance will be combined into a Business Owner's Policy (BOP). If you were to buy these policies separately, you would likely end up paying more than if you combined them in a BOP. The latter effectively then provides property and income liability coverage for your safety consultancy. 

 

Employer’s Liability Insurance for Safety Consultants

An additional policy you must consider getting is employers' liability insurance. Note that depending on the state in which you run your safety consultancy business, you might be legally obligated to get employers' liability insurance. This policy covers your business for any claims of injury or illness arising from the workplace or general employment. 

 

Worker’s Compensation Insurance for Safety Consultants

Some states also make it mandatory to have workers' compensation insurance. This policy provides fairly comprehensive and specific benefits to workers who suffer workplace injuries or illnesses. It caters to medical expenses, death benefits, lost wages, and vocational rehabilitation. 

 

Cyber Liability Insurance for Safety Consultants 

Finally, as a safety consultant, you will likely be dealing with important information from your clients. By virtue of this predicament, you are a prime target for threat actors wanting to gain access to the client's IT infrastructure. Besides, as an SME, you are also susceptible to cyber threats. As such, it would be best that you purchase cyber liability insurance. This policy covers all expenditures that might arise as a result of a cyber event.  

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Safety Consultant Insurance Cost

The average cost of a $1,000,000 general liability insurance policy for safety consulting firms is $36 per month or $432 per year. This safety consultant insurance cost is subject to the location where your run your business, the size of the consultancy, the revenue you collect for a specified period, and your claims history. This table shows how much the best companies charge for their safety consultant general liability insurance:


Cost per MonthCost per YearBest for
NEXT$25$300Best overall; Fastest general liability insurance for safety consultant
CoverWallet$31.75$381Safety consultant insurance quotes comparison online
Tivly$32$384Comparing safety consultant insurance quotes over the phone
Hiscox$41.65$499.80Safety consultant insurance that meets contract requirements
Markel$50$600Safety consultant insurance with risk management resources

On the other hand, you will be required to pay $45.16 per month or $541.92 per year for a $1 million professional liability insurance.

For the worker's compensation policy, you will pay an average of $50 per month or $600 per year.

Don’t forget to compare quotes before getting insured. Start by clicking the “Get Quotes” button on this page.



Compare Cheap Safety Consultant Insurance Quotes Online

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

AND then, get even more quotes over the phone!icon

Speak with a Representative Now Call 866-929-3479

Best Security Consultant Insurance Companies

If you are in the market for a security consultant insurance provider, here are the best security consultant insurance companies in the market today.

NEXT Security Consultant Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more safety consultant policies

Cons

  • Couldn’t find any

NEXT's security consultant insurance offers general liability, workers' compensation and commercial property insurance.

As a policyholder, you'll have the liberty to bundle your commercial property and general liability insurance into a BOP for cheaper rates.

For commercial property insurance, you will get $110,000 for building coverage and $15,000 for contents coverage. The policy also extends to money and securities, business interruption, and employee fraud and dishonesty. This security consultant insurance package will cost $25 per month or $300 annually.

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

Average cost: $25 per month

Our rating: 10/10

CoverWallet Safety Consultant Insurance

Pros

  • Compare quotes online for free

  • Professional liability insurance for consultants also covers personal injuries

  • Manage insurance policies and pay for them online via the MyCoverWallet app

  • Add an unlimited number of additional insureds to your general liability insurance

Cons

  • Not an insurance company, but an insurance broker

Coverwallet’s health and safety consultant insurance is underwritten for safety consultants specializing in different industries. Policies you can avail are general liability insurance, commercial property insurance, cyber liability insurance, and professional liability insurance.

This company's general liability insurance for safety consultants has a $1 million per occurrence limit with a $2 million aggregate. You also get $2 million products and completed operations coverage, $100,000 rented premises liability coverage, and $5,000 third-party medical payments coverage.

CoverWallet’s healthy and safety consultant professional indemnity insurance has a $1 million per occurrence and aggregate limit. Aside from usually covered perils, the policy also takes care of punitive damages, personal injuries, and disciplinary proceedings.

Best for: Safety consultant insurance quotes comparison online

Average cost: $31.75 per month

Our rating: 10/10

Tivly Safety Consultant Insurance

Pros

  • Responsive customer service

  • Refers you to partners if it can’t provide coverage

  • Compare safety consultant insurance quotes over the phone

Cons

  • You need to call to get a quote

Tivly (formerly CommercialInsurance.NET) sells general liability insurance, commercial property insurance, and other business insurance policies for safety consultants. To get covered, you need to call a representative who will discuss how much coverage you can get from this company’s safety consultant insurance policies.

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

Best for: Comparing safety consultant insurance quotes over the phone

Average cost: $32 per month

Our rating: 10/10

Hiscox Security Consultant Insurance

Pros

  • Policyholders get 5% discounts for getting a BOP

  • An easy web-based system with a quick and effective quoting process

  • Hiscox offers a 14-day money-back refund policy

  • Policyholders can purchase the policy online

Cons

  • Security consultant insurance is not available in Alaska

  • BOP's only offered to safety consultancies with less than ten employees

Hiscox brings over 120 years of experience to the table, an offering that your safety consultant business must be keen to leverage. This is coupled with the high rate from AM Best and BBB, and as such, you have the best possible coverage.

Hiscox offers general liability insurance, cyber liability insurance, and professional liability insurance for safety consultants.

You can also get commercial property insurance, but this is only possible if you buy this company’s business owner’s policy.

Hiscox’s professional liability insurance has a $1 million per occurrence and aggregate limit. There’s a deductible that costs $500. Nonetheless, this is fine as the professional liability insurance of this company includes a waiver of subrogation in its terms.

The general liability policy of Hiscox’s BOP has a $1 million per occurrence limit with a $2 million aggregate. There’s no deductible.

As for the commercial property insurance from Hiscox, this offers $10,000-$90,000 business personal property coverage. Note that you can add a crime insurance package to Hiscox’s BOP for added protection.

Hiscox underwrites a $250,000 cyber liability coverage for safety consultants. You can upgrade this to get media liability coverage.

Best for: Safety consultant insurance that meets contract requirements

Average cost: $41.65 per month

Our rating: 8/10

Markel Security Consultant Insurance

Pros

  • Policyholders can file a claim via the phone, online, or by mail 24/7

  • Coverage in all 50 states and international operations in Bermuda, Dublin, and London

  • BBB accreditation

  • Extensive policyholder resources

Cons

  • Most customer reviews on Markel are negative

  • There's no product review on the official website

As one of the specialty products underwritten by Markel, the security consultancy insurance policy is best suited for smaller security consultancies. Their small-business insurance division is dedicated to developing affordable insurance policies for small-business owners.

This security consultant insurance policy consists of an errors and omissions policy that covers up to $3 million in personal injury and other claims of negligence in professional services. With Essential BOP coverage from Markel, you get a customizable policy where you can determine your coverage limits, deductibles, and payment options. Workers' compensation insurance will be determined by your payroll, claims history, number of employees, size of consultancy, and the state in which you run your business.

Best for:Safety consultant insurance with risk management resources

Average cost: $50 per month

Our rating: 8/10



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