A business consultant is a professional who analyzes businesses and organizations (or a
division within) to identify strengths, weaknesses, opportunities, and threats. A consultant comes
up with solutions to problems, devises programs to capitalize on opportunities, and defines a
clear strategy to help the client achieve goals. More companies than ever before are looking to
consultants as a means to gain an outside perspective and receive recommendations on how to
achieve corporate goals more effectively and efficiently.
In BC, some of the top consulting fields include (but are not exclusive to):
The benefits of being a consultant are numerous. It offers professionals schedule flexibility,
networking, continuous learning, project diversity, exposure to a wide variety of industries, and
unlimited growth opportunities.
However, for all of the benefits, being a consultant does come with its challenges. For those not
yet established, building a self-sustaining client base can take some time and significant effort.
But one of the biggest concerns, is liability. A consultant is not protected in the
same manner as an employee (from staff to CEO) within a corporation.
Common Liability Concerns for Business Consultants:
Consultants have among the most unique needs when it comes to business liability insurance.
You should not enter into another client contract without first consulting with an independent
insurance broker. If you serve a client base in BC, contact Park Insurance in Greater Vancouver.
We will review your current policy and make sure that you’re covered for any and all
scenarios that can cause your consulting business any irreparable harm.