Protect your business and meet your legal requirements

Your management consulting company helps Minnesota businesses level up and do great things. We're excited to help you safeguard your success too! Unfortunately, one surprise expense (an unhappy client who sues or an employee who slips on an icy step in a famous Minnesota winter) can put your whole company at risk. That's why management consultants across Minnesota look for affordable insurance that meets state requirements and protects their property, team and income. This guide breaks down:

Minnesota's required coverages
The most recommended protections
Typical costs of management consultant insurance in Minnesota
How to save money with fast quotes from top-rated insurance carriers

SHORT SUMMARY (because we know you have a lot going on!)

Management consulting companies in Minnesota face specific risks that require customized insurance coverage.
A Business Owner’s Policy for management consultants can save you money by bundling general liability, property insurance and optional business interruption coverage.
General liability insurance covers injuries and damages caused by your business, as well as advertising-related claims.
Management consultant property insurance helps replace or repair damaged equipment, furnishings and more.
Workers’ compensation for management consultants is required by Minnesota law if you have employees.
Professional liability for management consultants protects against claims of negligence when you provide professional guidance.
Cyber insurance for management consultants covers data breaches, including regulatory fines and digital recovery costs.
Commercial umbrella insurance for management consultants provides extra coverage when other key policies reach their limits.
Working with Mylo can help you find the right coverage at the best value.

FIVE BEST COVERAGES FOR MINNESOTA MANGEMENT CONSULTING COMPANIES:

Here are five essential coverages every management consultant should consider to stay protected and profitable:

1. Business Owner's Policy for management consultants

A business owner’s policy (BOP) is a smart starting point for management consulting businesses. It bundles key coverages into one affordable package. Your BOP typically includes:

GENERAL LIABILITY FOR MANAGEMENT CONSULTANTS Covers legal and medical costs if a customer or visitor is injured – or their property is damaged – while they're in your space. It also protects you from advertising-related claims. Examples:

A client trips in your office and suffers an injury
A competitor accuses you of stealing their slogan

MANAGEMENT CONSULTANT PROPERTY INSURANCE Helps repair or replace your office and furnishing if disaster strikes – like fire, theft, or vandalism. Examples:

A fire damages your expensive furniture and decor
A break-in results in stolen laptops

BUSINESS INTERRUPTION INSURANCE Replaces lost income if you need to temporarily close due to covered property damage.

General liability for Minnesota management consultants typically costs about $250 a year. Ready to get your free quote now and see how much you can save on this and other coverages you may need? CLICK HERE

2. Workers' compensation for management consulting companies (required in Minnesota)

Minnesota requires workers’ comp for your business if you have employees. It covers medical care and lost wages for staff injured on the job and shields you from most employee lawsuits. Examples:

An analyst develops carpal tunnel syndrome from repetitive computer work.
An employee slips on icy steps outside your office.

3. Professional liability for management consultants

Covers the legal costs if a client claims you gave them bad professional guidance. Examples:

A client claims your strategic recommendations led to financial losses.
A project contained errors that caused delays and extra costs

4. Cyber insurance for management consulting companies

If you use online booking, store client data or offer digital gift cards, you’re at risk for cyberattacks. Cyber insurance for dry cleaners helps you recover from data breaches, pay regulatory fines and manage PR fallout. Examples:

Hackers steal confidential client financial information.
A phishing attack exposes employee payroll info

5. Commercial umbrella insurance for management consultants

Think of this as insurance for your insurance! A commercial umbrella insurance policy provides extra protection when other key policies such as your general liability reach their limits, which helps you protect your company's financial assets.

THE BEST INSURANCE FOR MINNESOTA MANAGEMENT CONSULTING BUSINESSES

MANAGEMENT CONSULTANTS LIKE YOU HAVE PAID AROUND $2,800 A YEAR TO BUNDLE MULTIPLE ESSENTIAL COVERAGES IN ONE PACKAGE..

Your amazing company deserves protection that keeps up with your business. Mylo has been innovating insurance for 10 years. Because we don't sell our own insurance, we can give you an objective recommendation and find you the best value in Minnesota – at no cost to you.

In minutes Mylo will:

Recommend the right coverage for your Minnesota management consulting company
Compare quotes from top-rated insurance carriers
Find you the best combination of coverage and price
Keep you feeling confident about growing your business!

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The right coverage for you? Surprisingly simple.

Ready to untangle another tricky topic?

Protect what matters: your business

Why business insurance? That’s easy – it’s designed to keep you in business. When certain losses come along, you can dodge bankruptcy and stay on top of your game.

Who pays for employee car accidents?

When employees get into accidents while driving their own cars at work, who pays? Learn about the tricky intersection between commercial and personal auto.

When should I shop for a BOP?

Good news: if you’re a BOP holder, you always get the “special” top tier of business insurance. You’re platinum, baby! Learn more benefits & options.