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Tide Logo
Tide Logo
Tide Logo

CONSULTANTS' INSURANCE

Built for consultant firms and sole traders

Get cover against professional risks, client property damage, and more. Coverage starts from as low as £6.22 per month*.

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Tide Insurance Services Limited is authorised and regulated by the Financial Conduct Authority (FRN: 1040067). 

*Prices shown are for basic coverage. You will get your actual price once you complete a quote. Eligibility Criteria and T&Cs apply.

Tide Insurance Services Limited is authorised and regulated by the Financial Conduct Authority (FRN: 1040067). 

*Prices shown are for basic coverage. You will get your actual price once you complete a quote. Eligibility Criteria and T&Cs apply.

Why is business insurance important for a consultant?

Why is business insurance important for a consultant?

When clients pay for your specialist knowledge, the stakes are high. A single piece of misjudged advice or a mishap during a workshop can lead to costly legal disputes that threaten your reputation and finances. Business Insurance safeguards your consultancy business against industry-specific hurdles, including:

  • Professional errors: Allegations that your guidance caused a client financial harm. 

  • Accidents on-site: Damaging a client’s workspace or equipment while visiting their office. 

  • Legal defence fees: The high cost of hiring solicitors and defending your business in court if a client sues you. 

  • Stolen or broken tech: Replacing essential tools like your laptop or presentation equipment quickly so you don't miss a deadline.

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Essential cover for consultants and how it protects you

Consultants don't need a bloated corporate package. Choose the precise covers that match the way you work:

Professional Indemnity Cover
The cornerstone of any consultancy business. This covers your legal costs and any compensation payouts if a client claims your advice, data analysis, or strategy was negligent and caused them a direct financial loss. Example: You recommend a software system to a client, but an oversight in your assessment delays their rollout, costing them thousands in lost revenue.
Public Liability Cover
Protects you if a third party (like a client, contractor, or member of the public) suffers an injury or property damage due to your business operations. Example: A client trips over your laptop charger cable during a presentation in their boardroom and fractures their wrist.
Employers’ Liability Cover
A legal necessity in the UK if you employ anyone else – including associates, executive assistants, or temporary interns. Operating without it can result in a fine of up to £2,500 per day. If you are a solo practitioner, you can safely skip this cover.
Tools and Materials Coverage
Protects the essential kit you rely on every day – such as laptops, smartphones, and projectors – against theft, loss, or accidental damage. It ensures you can secure a rapid replacement without losing momentum on a major project.

How much does consultants’ insurance cost?

Your monthly premium is shaped by a few core details unique to your setup:

Your trade

The risk level associated with your specific field of advice (e.g., financial consulting vs. HR consulting).

Level of cover

The liability limits and total value of equipment you choose to insure.

Staffing

The number of people you employ.

Location

Where your business is primarily based and operates.

Get a consultant's insurance quote

Get consultants’ insurance in just a few steps 

  1. Select your policy cover(s)

  2. Tell us about your business

  3. Quote and purchase your policy

  4. Download the app to view and manage your policy

 Get a consultant's insurance quote

What do I need to get consultants’ insurance?

Getting a business insurance quote at Tide is simple – you just need some basic information about your business to get started.

Business details like name, address and type

Size of your team

Annual revenue

Your business’s financial background

Useful articles for consultants

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Consultants’ Insurance FAQs

There is no fixed regulatory minimum, but many corporate clients and public sector bodies will expect you to hold at least £1 million in Professional Indemnity cover before signing a contract. Always check your client agreements, as they frequently dictate the precise indemnity levels required.

Yes. While you might not see clients face-to-face, you are still exposed to significant professional risks. If a digital strategy or remote advice you provide leads to data breaches or financial loss for a client, you could still be held legally and financially liable.

The moment you complete your purchase within the Tide app, your official policy documentation will be generated and sent straight to you. There are no waiting periods or postal delays.

Help, my question isn’t answered here Find answers to all our most frequently asked questions about opening an account

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Tide Platform Limited (Tide) designs and operates the Tide website and app. Tide is not a bank. Tide is authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 under firm reference number 900843 for the issuing of electronic money and the provision of payment initiation services and account information services under the Payment Services Regulations 2017. Tide is also authorised and regulated by the Financial Conduct Authority in relation to its credit and insurance broking activities (firm reference 718743). Tide is incorporated and registered in England and Wales with company number 09595646 and registered office at 4th Floor The Featherstone Building, 66 City Road, London, EC1Y 2AL. Tide offers bank accounts powered by ClearBank® Ltd (ClearBank) (account sort code is 04-06-05). ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 754568. Eligible deposits with ClearBank are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. For further information visit Home. ClearBank Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568). Registered Address: ClearBank, Level 27, The Broadgate Tower, 20 Primrose Street, London, United Kingdom, EC2A 2EW. Eligible deposits held in the Tide Business Current Account (powered by ClearBank) are covered by the Financial Services Compensation Scheme (“FSCS”) subject to eligibility. All eligible deposits at the same bank are aggregated to determine the coverage level for each depositor up to £120,000, therefore if you have any other product/services with ClearBank these will be aggregated. To find out more and to check your eligibility please visit: About us . Some of Tide’s members also hold e-money accounts powered by PrePay Technologies Limited (PPT) (account sort code is 23-69-72). PPT is an electronic money institution authorised by the FCA under the Electronic Money Regulations 2011 under firm reference number 900010 for the issuing of electronic money. PPT holds an amount equivalent to the money in Tide current accounts in a safeguarding account which gives members protection against PPT’ insolvency. Tide Cards may be issued by both Tide and PPT, who are licensed by Mastercard International for the issuance of cards. The issuer of your Tide card will be identified on your monthly card statement. Tide Capital Limited is an appointed representative of P1 Investment Services Limited which is authorised and regulated by the Financial Conduct Authority under firm reference number 752005 to carry out such regulated activities as are involved in the provision of Tide Investment Account. Seccl Custody Limited is the custodian of assets held in Tide Investment Account and is authorised and regulated by the Financial Conduct Authority (firm reference number 793200) and registered in England and Wales under No. 10430958. Registered office 20 Manvers Street, Bath BA1 1JW. Tide, the Tide logo, the Swell, and Do Less Banking are trademarks and trade names of Tide Platform Limited, and may not be used or reproduced without the consent of the owner.