It is often said that with great power comes great responsibility. As business ownersnavigate their core constituencies such as customer satisfaction, social perception,company culture and growing revenue, the quality of advice they receive from businessconsultants can serve as an accurate GPS system or a costly detour.However, regardless of the initial level of rapport you have with a client, relationships candeteriorate rapidly based on substantive facts that advice you provided lead to a financialloss or even the simple perception that it did. In today’s highly litigious society, lawsuitscan happen in an instant which can disrupt cash flow, time, and potentially lead to financialruin for any business owner, especially a consultant.

Odds are, if you are a professional, one day you could be sued

  • As client expectations of performance increase, lawsuits against professionals are becomingmore common. Defense costs alone can erode a company’s bottom line.
  • Not only can a consultant be sued by their clients, they can be sued by any third-party that suffers economic damages as a result of acts, errors or omissions in their performance ofprofessional services.

Consultant Errors & Omissions (E&O)

Also referred to as Miscellaneous Professional Liability, this coverage is designed to protect you if a client claims that your advice caused them a financial loss. The key point to grasp, is that you do not have to have done anything wrong, but if a client believes that you did, you can still be sued.

If you are a veterinary consultant, business broker or even just a provider of continuing education (C.E.), and you do not currently carry insurance ask yourself one simple question: "Do you have $150,000 or more in liquid capital that you are willing to spend hiring attorneys to defend you?" Professional liability coverage pays for legal defense of your business and other expenses related to some lawsuits.

Vetpartners Membership Benefit

Since 2010, we have offered Consultants E&O with a 15%discount to members of Vetpartners. For more information onhow to obtain coverage please contact Rod Finnegan at (800) 272.1249 ext. 700 or email

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