IT Consulting Insurance

Coverage recommendations, carrier options, and cost estimates for insuring it consulting businesses. Built for independent agents quoting this class.

NAICS: 541512·Also known as: IT services, technology consulting, managed IT

Recommended Coverages

BOP

essential

Bundles general liability, commercial property, and business income/extra expense into one policy. Agent note: BOP typically does NOT include professional liability — must be added separately

Typical Limits

$1M GL per occurrence / $2M aggregate; Property limits vary by business personal property and building values

Premium Range

$500 - $3,500/year for low-risk small businesses; $3,000 - $10,000+ for higher-revenue or higher-risk classes

GL

essential

Third-party bodily injury, property damage, personal and advertising injury arising from business operations.

Typical Limits

$1M per occurrence / $2M aggregate

Premium Range

$400 - $3,000/year for small businesses; $3,000 - $15,000+ for contractors and higher-risk classes

Cyber Liability

recommended

Data breach notification costs, forensic investigation, credit monitoring, regulatory defense and fines, business interruption from cyber events, ransomware payments, and third-party claims from data exposure. For IT Consulting businesses, key exposures include data breach risk from client system access. Common claims include data breach at client site. Agent note: Cyber coverage is often contractually required by enterprise clients

Typical Limits

$1M per claim / $1M aggregate for small businesses; $5M-$10M+ for larger organizations

Premium Range

$750 - $3,000/year for small businesses; $5,000 - $25,000+ for businesses handling significant PII or PHI

Professional Liability

recommended

Claims arising from professional errors, omissions, negligent acts, or failure to perform professional duties. For IT Consulting businesses, key exposures include high professional liability exposure. Common claims include project delivery dispute. Agent note: BOP typically does NOT include professional liability — must be added separately

Typical Limits

$1M per claim / $2M aggregate is standard; higher limits for regulated professions

Premium Range

$500 - $3,000/year for low-risk professions; $3,000 - $20,000+ for attorneys, accountants, and healthcare

Workers Comp

situational

Medical expenses, lost wages, rehabilitation costs, and death benefits for employees injured on the job. For IT Consulting businesses, key exposures include low physical hazard. Agent note: Remote employees may create multi-state workers comp obligations

Typical Limits

Statutory limits per state law; Employers Liability typically $500K/$500K/$500K

Premium Range

Based on payroll × class code rate × experience mod. Ranges from $0.50 to $30+ per $100 of payroll depending on classification

Risk Profile

Physical Risk

moderate

Liability Risk

moderate

Professional Risk

high

Property Risk

moderate

Top Risks

  • Low physical hazard
  • High professional liability exposure
  • Data breach risk from client system access
  • Remote work common
  • Contractual liability from SLAs

Carriers That Write IT Consulting

One of the largest small commercial writers in the U.S. with broad class appetite. Competitive BOP pricing and a streamlined agent portal with fast online quoting.

BOPGLWCCyber

Broad appetite across most commercial classes with competitive package pricing. Strong multi-line capabilities — agents can bundle GL, property, auto, and umbrella under one carrier.

BOPGLWCCyber

Known for competitive commercial auto rates and fast online quoting. Strong appetite for businesses with vehicle fleets and a growing BOP book.

BOPGLWC

Berkshire Hathaway-backed (AM Best A++) with competitive pricing for standard small business classes. Fully online quoting and binding process.

BOPGLWC

Cost Estimate

$5,000 - $25,000+ for businesses with $500K - $5M revenue

Key Pricing Factors

  • Annual revenue ($500K - $5M is typical for this class)
  • Employee count (5-50 is typical)
  • Number of active clients
  • Contract types (T&M vs fixed bid)
  • Data handling practices
  • Subcontractor usage

See the Per-Coverage Cost Breakdown

For median GL, BOP, WC, and auto premiums sourced from Insureon, plus a worked quote example and the underwriting questions to expect, see our it consulting insurance cost page.

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Frequently Asked Questions

How much does IT Consulting insurance cost?
Insurance costs for IT Consulting businesses vary based on revenue ($500K - $5M), employee count (5-50), location, claims history, and coverage types needed. Key coverages include BOP, GL, Cyber Liability. Get quotes from multiple carriers to find competitive pricing — premiums can vary 20-40% between carriers for the same account.
What insurance does an IT Consulting business need?
Most IT Consulting businesses need BOP, GL, Cyber Liability at minimum. Cyber coverage is often contractually required by enterprise clients The right coverage package depends on your revenue, employee count, and specific risk exposures.
What are the biggest insurance risks for IT Consulting businesses?
The primary risks for IT Consulting businesses include: Low physical hazard; High professional liability exposure; Data breach risk from client system access; Remote work common. Common claims include Data breach at client site, Project delivery dispute, Missed SLA penalty. Understanding these risks helps agents recommend appropriate coverage limits and endorsements.
What do carriers look at when underwriting IT Consulting businesses?
Key underwriting factors for IT Consulting include: Annual revenue, Number of active clients, Contract types (T&M vs fixed bid), Data handling practices, Subcontractor usage, Largest single contract value. Carriers use these factors to determine pricing and eligibility. Businesses with clean loss history and strong risk management practices typically qualify for better rates.
What should agents know when quoting IT Consulting insurance?
Cyber coverage is often contractually required by enterprise clients. BOP typically does NOT include professional liability — must be added separately. E&O limits should match largest contract value. Using a comparative rater to quote multiple carriers simultaneously helps agents find the best combination of coverage and pricing for each IT Consulting account.

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