The cost of education consulting insurance is determined by several factors, including business size and revenue. Cost estimates are sourced from policies purchased by Insureon customers.
Education consultants pay a median premium of less than $30 per month, or $350 annually, for general liability insurance. This policy provides protection for third-party injuries, property damage, and advertising injuries.
Median cost per year: $350
Policy limits: $1 million per occurrence
Policy deductible: $500
Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.
Education consultants pay a median premium of about $45 per month, or $540 annually, for professional liability insurance. This policy, also known as errors and omissions insurance (E&O), provides financial coverage when an education consultant is sued for unsatisfactory work.
Median cost per year: $540
Policy limits: $1 million per occurrence
Policy deductible: $500
Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.
The median cost of workers’ compensation insurance for an education consultant is about $40 per month, or $490 annually. The cost of a policy varies significantly depending on the state and your business operations.
Workers’ compensation insurance is required in almost every state for education consultants with employees. This coverage helps pay medical fees and lost wages for employees who are injured on the job. Most policies include employer’s liability insurance, which protects business owners against lawsuits related to work injuries.
Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.
The median cost of a business owner’s policy for education consultants is about $40 per month or $500 annually. Pricing is determined by your location, operations, and the value of your business property.
A business owner’s policy bundles general liability insurance with commercial property insurance at a lower cost than purchasing the policies separately. This policy may include business interruption insurance, which covers income lost at your business due to an unexpected temporary closure.
Median cost per year: $500
Policy limit: $1 million per occurrence
Policy deductible: $500
Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's business owner's policy cost analysis page.
The median cost of a fidelity bond for small businesses is $88 per month or $1,055 per year. The cost depends on how much coverage you purchase.
Fidelity bonds compensate your clients if an employee at your education consulting firm steals from them. Clients might require you to purchase a bond before they will work with your company.
Median cost per year: $1,055
Policy limit: $1 million
Policy deductible: $10,000
To learn more about fidelity bond costs, visit Insureon's fidelity bonds cost analysis page.
Small businesses pay a median premium of $140 per month or $1,675 per year for cyber liability insurance. The cost depends on how much sensitive data your consulting firm handles.
Median cost per year: $1,675
Policy limits: $1 million per occurrence
Policy deductible: $1,000
Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's cyber liability insurance cost analysis page.
Insureon’s licensed agents work with leading insurers to find coverage that matches your education consulting business. Apply today to compare multiple quotes with one free online application. If you decide to purchase a policy, you’ll work with an account manager who specializes in education consulting business risks.