For a consultant, the advice can be the product, and so can the claim.
Coverages we usually review
- Professional liability
- Cyber
- General liability
- Business property, if you have an office
Where gaps often show up
- Contracts that put more risk on you than insurance will cover
- Prior-acts limits when you change insurers
- Claims about results or guarantees
Questions worth asking
- Does my contract allocate risk to me that insurance won’t cover?
- What is my retroactive date?
- What limits do my clients expect?
General information only. Actual coverage depends on your policy, and coverage is not in force until confirmed in writing by the agency.