Like other consultants that give advice to businesses, cost containment consultants are at risk of being sued under a professional liability claim. For example, you could be sued because your recommendations did not turn out as expected. Of course, it is not just a question of winning the claim, a big issue is the cost of legal defense. Just the cost of obtaining an attorney to defend you could bankrupt many businesses. This is just another reason to buy professional liability (errors and omissions insurance).
This is one of our focus industries, meaning that we can help with general liability, professional liability, data breach insurance, and commercial auto — often packages with one carrier.