Insurance consultant Wallace Clapp describes a “miscellaneous professional,” a category that includes consultants, as “anyone who generates exposure to economic loss for others not involving direct bodily injury or property damage.” Miscellaneous E&O coverage, available from Stuckey & Company, is critical for consultants, including:
- Strategic Consultants
- HR & Benefits Consultants
- Land Use Consultants
- Marketing Consultants
- Financial Consultants
- Project Managers
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Consultant Market Growing Rapidly
Clapp provides reasons for expansion:
- The U.S. has transformed from a manufacturing to a more service-oriented economy.
- Many businesses now require consultants to carry professional liability insurance.
- Consultants are facing more exposure in our litigious society.
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Consultants Need Professional E&O
Mistakes happen and can result in significant economic losses and expensive lawsuits. Clapp cites these examples:
- A utility company hired a consultant to handle customer accounts. The software did not work as promised and the utility sued, seeking $5 million to correct problems. The case settled for nearly $500,000.
- An advertising consultant was retained by a baby food company. Due to an error by the consultant, the wrong advertisements were televised. The baby food company demanded damages of $100,000 for advertising costs and lost revenue. The case was settled for $85,000 plus over $50,000 in legal fees.
Miscellaneous Professional Liability from Stuckey & Company
- In-house quoting authority for accounts generating $6MM in revenue
- Minimum premiums under $1,000 for many classes
- Fast turnaround times for quotes/indications
- Ability to hook up electronic submissions
- Will look at books of businesses
- Admitted paper in most states
- Coverage limits for many risks are available up to $5MM
FREE Consultant Leads from Stuckey & Company
Email us your name, address (including zip code) and phone number, and we will provide you with a FREE list of Management Consultants in your market area. In addition, a Stuckey & Company representative will be in touch with you to discuss specific coverage and selling strategies for reaching these high-potential customers.

