Your management consulting company helps Texas businesses do bigger and better things. Unfortunately, one surprise expense (an unhappy client who sues or an employee who gets struck by heavy equipment on a client site) can put your whole company at risk. We believe in your business and want you to have affordable insurance that meets state requirements and protects your property, team and income. This guide breaks down:
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.
Here are five essential coverages every management consultant should consider to stay protected and profitable:
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:
MANAGEMENT CONSULTANT PROPERTY INSURANCE Helps repair or replace your office and furnishing if disaster strikes – like fire, theft, or vandalism. Examples:
BUSINESS INTERRUPTION INSURANCE Replaces lost income if you need to temporarily close due to covered property damage.
Texas is the only state that doesn't require private employers to carry workers’ compensation insurance. However, choosing not to carry it exposes your business to significant liability if an employee is injured. Workers' comp gives you confidence that you can pay for medical care and lost wages for staff injured on the job. As a result, it shields you from most employee lawsuits. Examples:
An analyst develops carpal tunnel syndrome from repetitive computer work
A staff member slips on a wet floor in the office
An employee is injured while traveling for client meetings
MANAGEMENT CONSULTANTS IN TEXAS TYPICALLY PAY BETWEEN $280 - $440 A YEAR FOR WORKERS' COMP. WANT TO SEE HOW MUCH YOU CAN SAVE? CLICK HERE.
Covers the legal costs if a client claims you gave them bad professional guidance. Examples:
MANAGEMENT CONSULTANTS IN TEXAS TYPICALLY PAY BETWEEN $400 - $1400 A YEAR FOR PROFESSIONAL LIABILITY. WANT TO SEE HOW MUCH YOU CAN SAVE? CLICK HERE.
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:
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.
Your amazing company deserves protection that keeps up with your business. Mylo has been innovating insurance for 10 years and provided over 100,000 policies to 75,000+ small business owners. Because we don't sell our own insurance, we can give you an objective recommendation and find you the best value in Texas – at no cost to you.
In minutes Mylo will: