Professional Liability Insurance
Do Construction Consultants Need Professional Liability?
Yes — construction consultants providing advice, oversight, or management services have professional liability exposure regardless of whether they hold a contractor’s license.
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Do construction consultants need professional liability insurance?
Construction consultants — owner’s representatives, project managers, cost consultants, scheduling consultants — provide professional services and face professional liability claims when those services fail to meet a reasonable professional standard.
A consultant who advises an owner to proceed with a deficient contractor, approves a fatally flawed cost estimate, or mismanages a project schedule faces the same professional liability exposure as a licensed contractor or engineer.
Professional liability for construction consultants is priced similarly to contractor PL — $1,500–$4,000/year for $1M limits. It’s essential coverage for anyone providing professional advisory services in the construction industry.
Ready to explore professional liability coverage?
Trade Safe shops dozens of A-rated carriers to find the right professional liability policy for your contracting business.