Consulting companies perform a wide range of services. It is when an expert sells professional advice to a company or an individual for fees.
The professional can be from fields like legal, architecture, marketing specialist, hospitality, etc…
All those specialists in their fields see their main risk in their liability to deliver the service expected and agreed with their clients.
In case of failure, financial consequences can rise very fast (legal, indemnity, etc…)
To cover those risks, they must subscribe to a Professional Liability Insurance also called Professional Indemnity.
Besides this, here are a set of cover that shall study any Consulting Company to limit their risks.