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Build a customized policy that addresses the unique risks your career consulting business faces.
As an expert in career planning, interviewing, and negotiating, you are in the know of current hiring practices and recruitment processes. You’re a pro at crafting resumes, planning career paths, building networks, and helping your clients launch or build a career that’s rewarding and lucrative. But what happens if you make a mistake?
What if there’s a misunderstanding and your client claims a breach of contract?
Are you covered if you face a lawsuit?
A career consultant insurance policy package is designed to protect your business against the unique risks you face, including situations where your negligence or your errors and omissions, are responsible for causing a third-party to suffer damages.
Not sure if your profession will qualify for insurance? There are many titles that fall under the career consulting umbrella, including the following:
As a small business owner, you’ll want to protect yourself and your business from the unexpected. Litigation resulting from a covered claim, or a claim resulting from a cyberattack or a natural disaster could impact your business—and if you’re not properly protected, you run the risk of suffering a financial hit or in a worse case scenario, bankruptcy.
One way to protect your bottom line is to mitigate unexpected losses with an insurance policy that considers the unique risks you face as a career consultant.
What if a client injures themselves while visiting your office?
While you may take extra care to ensure your office space is tidy and your walkway is clear of debris when a client comes in for a meeting, all it takes is one computer cord left on the ground for someone to trip and fall.
What if a mistake or omission results in a lawsuit?
Your clients rely on your expertise, and sometimes mistakes happen. Even a small mistake when providing professional services, can end up being very costly. What if a client alleges that they suffered a financial loss because you failed to deliver services as promised?
What if you were forced to shut down your business for days, weeks or longer?
An unexpected business interruption could mean lost revenue and possibly the loss of new business. Even a minor disruption such as a power outage could mean you aren’t able to receive customer orders, but a major disruption, such as a flood, fire, or other natural disaster, could shut your business down permanently.
What if your computer system is hacked and a clients’ sensitive data is stolen?
As a career consulting professional, you likely have access to privileged client information. But if that information is compromised, you may be held liable. Small businesses are increasingly becoming victims of cyberattacks, so you need to be extra cautious.
Having a comprehensive insurance policy doesn’t have to be complicated. Here are some of the coverages you should be considering:
Commercial general liability coverage is an important type of coverage for all small business owners to consider, including career consultants. It’s designed to help protect business owners when they’re found legally liable for bodily injury or property damage to a third party—even if they didn’t do anything wrong. So, if that customer who tripped over your computer cord decides to sue you for damages, your CGL policy would come in handy.
Cybercrime is on the rise—and 43 per cent of all cyberattacks target small businesses, which typically don’t have sophisticated cybersecurity safeguards in place. If your business gets hacked, cyber risk coverage can help with data recovery expenses. It can also help with the costs to execute and manage a reasonable and necessary public relations campaign to mitigate any actual or potential negative publicity.
Everyone makes mistakes, but sometimes those mistakes can be costly. Having miscellaneous errors and omissions coverage built into your insurance policy can help mitigate the costs associated with lawsuits you may face as a business owner. For example, if you make an error when providing advice that leads to a financial loss for your client, you could face a costly and time-consuming lawsuit. E&O can help with some of these costs, helping to protect your bottom line.
If you provide professional consulting services out of your home, or if you rent, lease, or own a commercial space, commercial property insurance is designed to help protect your stuff. This can include things like your equipment, furniture, supplies, computers, and other electronics. If the business owns the building (including signage, fencing, landscaping), it can also help protect that.
Every business is different, and some businesses need more coverage than others. The cost of insuring your career consulting company depends on a variety of factors, including:
To get started on finding out how much it will cost to protect your business, start building your customized quote today.
We’re as flexible as you need us to be.
We’re always open for you. With around-the-clock claims support by phone and online, we make settling claims fast, simple, and stress-free.
Pay for your policy all at once or in convenient monthly installments. We also offer 0% interest and we’ll even accept payment by credit card.
If you need to update your coverage at any point during your term, give us a call and we’ll walk you through the process. You can also cancel your policy at any time with no early termination fees.
There’s more to your TruShield policy than meets the eye. Here are a few other ways we’re here to support you, so you can focus on helping your clients find their next great career opportunity.
Every TruShield customer has access to our team of Risk Services specialists who can help guide you through any questions or concerns you may have about the risks your business faces and how to prevent loss.
Suffering a loss to the business you’ve worked so hard to build is not an easy experience. Our Trauma Assist service is designed to help owners and employees cope with the emotional effects of a loss.
Legal Assist provides you with access to legal advice and practical solutions for matters affecting your business. It includes a telephone legal helpline, document review and drafting services, and access to customizable legal templates.
* Legal Assist services are not provided for criminal, personal or insurance issues, do not provide representation in legal proceedings or legal fees coverage and are not an insurance policy. Legal Assist services are provided through ARAG Legal Solutions Inc. by lawyers licensed in the province or territory of your residence.
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