Posted on: February 9, 2023 by Huntersure LLC.
Starting a technical consultant business can be complicated, and your clients must know the steps to take to thrive. Professionals who possess an in-demand skill set can find success in a career as a consultant. It includes people in tech who are considering starting a tech consultant business. Establishing a consulting business can offer more control over one’s career and be financially lucrative, as consultants can set their own rates. Along with these benefits may come some disadvantages, though, including increased liability.
See why a technical consultants insurance program is essential.
Novice consultants who are new to this career path may wonder why they would need contractors professional liability coverage. Although working in tech may not involve the apparent hazards of high-risk industries, anybody who acts in a consultant position is likely to face unique liability. A company’s professionals are typically not directly liable for potential risks. Independent contractors such as consultants, on the other hand, are solely responsible for the liabilities of their work.
Many tech consultants manage successful businesses by offering general tech-related services. In some cases, though, consultants can increase their earnings by honing in on a specific area of their field. Your clients may choose to specialize in cybersecurity or cloud-based software, for example, and carve out a niche of dedicated clientele. Prospective consultants should invest in a technical consultants insurance program and consider what services their clients need the most.
A tech consultant who’s new to the field will likely need to establish their credibility to attract clients. Investing in a technical consultants insurance program is a great way to do this, and so is obtaining certifications. Customers will appreciate consultants who offer the security of insurance, and they’ll feel comfortable with a professional who has proven their qualifications. Some popular tech certifications include Cisco Certified Network Associate (CCNA) and Certified Information Systems Auditor (CISA). Your clients should select a certificate that aligns with the niche they plan to target.
With the protection of a technical consultants insurance program and the accomplishment of certification, your clients are ready to start marketing their consulting services. Because of the nature of tech, many professionals in this field offer remote services, but marketing locally is also a good idea. Social media is a fantastic tool for launching this campaign, and professional networking platforms such as LinkedIn can also be a great place to connect with prospective clients.
Working as a tech consultant is a highly skilled position, but it still involves a particular element of customer service. Consultants must communicate with clients and ensure they are happy with the services rendered. What happens if they do not have satisfaction, though — or if they allege that a consultant’s services caused harm? Situations like this can lead to litigation, so tech consultants need to invest in a technical consultants insurance program to protect their business.
Huntersure LLC is a full-service Managing General Agency that has provided insurance program administration for professional liability products to our partners across the United States since 2007. We specialize in providing insurance solutions for businesses of all sizes. Our program features can cover small firms (grossing $2.5 million annually) to large corporations (grossing $25 million annually or more). We make doing business with us easy with our breadth and depth of knowledge of E&O insurance, our proprietary underwriting system that allows for responsive quoting, binding, and policy issuance, and tailored products to meet the needs of your insureds. Give us a call at (855) 585-6255 to learn more.
Posted in: Consultants Technical Consultants Technical Consultants Liability