

About Professional Services
Professional services help businesses and individuals alike in a variety of ways. Whether it be financial audits, consulting, or legal reviews, professional services leverage the expertise of their team members to drive their businesses forward. There is a whole host of services provided to clients by these companies, and as a result, no one business experiences the same types of risks.
Professional services companies and individuals should be focusing on properly pricing their offerings and winning proposals, not searching for the right insurance policy for their business. Cover Small Business is designed to efficiently analyze these risks and provide coverage.
Who Needs Professional Services Insurance?
- Accountants
- Lawyers
- Engineers
- Management Consultants
- Financial Planners & Investment Managers
- Marketing & Advertising Consultants
- Scientific Researchers & Consultants
- IT Managers

What Insurance Policies do Professional Service Businesses Need?
As a professional service provider your can often be faced with unhappy clients claiming you lost them money, even if you’re not at fault. You can be hit with a frivolous lawsuit, which will still cost you time and money to defend. This is where Errors and Omission steps in. With that, there are several additional insurance products to consider including Cyber Liability, Workers Compensation, and a Business Owner’s Policy.
Policy |
What it covers |
Why you need it |
---|---|---|
General Liability | The baseline coverage for any business. Covers bodily injury, medical costs and property damage for third parties resulting from day to day operations. | Anytime a client sets foot in your office, you are liable for their wellbeing. Protect yourself and your business with this coverage. |
Professional Liability (Errors & Omissions) | If a client claims they lost money because of an act, error, or omission that occurred while the company was providing its professional services. | Essential for all professional services including accountants, consultants, and lawyers. Protects against unhappy clients accusing you of malpractice. |
Cyber Liability | This protects your business from lawsuits, fines, notification costs and penalties arising out of a hacking attack or data breach. | 55% of small businesses have suffered a cyberattack and only 14% rate their ability to mitigate cyber risks as highly effective. If you collect any sort of personal information or documents on your clients you may be at risk. |
Business Owners Policy (BOP) | Bundle of the essential policies that gives maximum coverage at an affordable price. | Cost effective way of protecting against third party injury claims and any high value equipment your business owns. |
Workers Compensation | Pays for medical expenses for employees who get injured at work. | A legal requirement in almost all states. |
General Liability
General Liability
What It Covers
The baseline coverage for any business. Covers bodily injury, medical costs and property damage for third parties resulting from day to day operations.
Why you need it
Anytime a client sets foot in your office, you are liable for their wellbeing. Protect yourself and your business with this coverage.
Professional Liability (Errors & Omissions)
Professional Liability (Errors & Omissions)
What It Covers
If a client claims they lost money because of an act, error, or omission that occurred while the company was providing its professional services.
Why you need it
Essential for all professional services including accountants, consultants, and lawyers. Protects against unhappy clients accusing you of malpractice.
Cyber Liability
Cyber Liability
What It Covers
This protects your business from lawsuits, fines, notification costs and penalties arising out of a hacking attack or data breach.
Why you need it
55% of small businesses have suffered a cyberattack and only 14% rate their ability to mitigate cyber risks as highly effective. If you collect any sort of personal information or documents on your clients you may be at risk.
Business Owners Policy (BOP)
Business Owners Policy (BOP)
What It Covers
Bundle of the essential policies that gives maximum coverage at an affordable price.
Why you need it
Cost effective way of protecting against third party injury claims and any high value equipment your business owns.
Workers Compensation
Workers Compensation
What It Covers
Pays for medical expenses for employees who get injured at work.
Why you need it
A legal requirement in almost all states.
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