How much does insurance cost for CPR and first aid instructors?

First aid instructors pay an average of $29 per month, or $350 annually, for general liability insurance. This policy is sometimes called public liability insurance.

General liability insurance covers common third-party risks at first aid instruction businesses and other healthcare facilities, such as a patient who slips on a wet floor and suffers a bodily injury, or accidental damage to a patient's property.

For example, if a CPR instructor accidentally drops a patient's smartphone and breaks it while showing the patient more resources for CPR instruction, general liability insurance coverage would pay for the repair costs or legal fees if the patient sues.

It also helps pay for attorney's fees and other legal expenses if someone sues your business over copyright infringement or other advertising injuries, including defamation.

Some first aid instruction businesses may need proof of general liability insurance to sign a commercial lease or secure a client contract.

Below is the average general liability policy for first aid instructors who buy from Insureon:

Insurance premium: $29 per month
Policy limits: $1 million per occurrence; $2 million aggregate

The per-occurrence limit is the maximum your insurer will pay for a single covered incident, while the aggregate limit is the most the insurer will pay for all claims during the policy period, typically one year.

General liability insurance costs depend on factors such as the coverage limits and deductible you choose, the size of your business, your business income, the amount of foot traffic you have, the types of first aid instruction services you provide, and any additional insured endorsements you select.

Learn more about how your insurance premium is calculated and how to save money on your general liability coverage.

First aid instruction businesses pay an average of $58 per month, or $698 annually, for a business owner’s policy.

A BOP bundles general liability coverage with commercial property insurance to protect against common third-party risks and business property damage. It typically costs less than purchasing each policy separately.

A BOP covers accidents that injure patients or damage their property, along with damage to your own business property, like manikins. Because of its increased coverage and affordability, it’s the policy most often recommended by Insureon’s agents.

This is the average business owner's policy for first aid and CPR instructors who buy from Insureon:

Insurance premium: $58 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $1,000

First aid instructors who have small companies and low risks are often eligible for a business owner's policy.

You can buy endorsements for your policy for broader coverage, though they come with a higher premium. For example, a first aid instruction business might choose to add business interruption insurance to protect against financial losses from a temporary closure, or equipment breakdown coverage to cover losses from the unexpected breakdown of a piece of first aid equipment.

The cost of a business owner's policy is based on a number of factors, including the value of your property, where you are located, and the number of employees you have.

First aid instructors pay an average medical malpractice insurance premium of $40 per month, or $484 annually. This policy is also called professional liability insurance.

First aid and CPR trainers often need this coverage to comply with state laws, or to work at a specific training center or other facility. Because this is a claims-made policy, your coverage must be kept active to collect on a medical malpractice claim.

A professional liability insurance policy covers malpractice lawsuits resulting from an error, misdiagnosis, or failure to meet a standard of care. Even frivolous malpractice claims are covered.

For instance, suppose a client claims that your first aid training business failed to teach effective CPR techniques, which resulted in loss. If the client files a lawsuit, malpractice insurance would cover your defense costs, court-ordered judgment, or settlement, helping you to avoid financial loss.

Below is the average malpractice insurance policy for first aid training businesses that buy from Insureon:

Insurance premium: $40 per month
Policy limits: $1 million per occurrence; $1 million aggregate
Deductible: $500

One of the biggest factors affecting the cost of malpractice insurance is the type of professional services you offer, such as telehealth. Other factors include your claims history, the liability limits you choose, and any additional coverage options, such as tail coverage.

Learn more about how your premium is calculated and how to save money on your malpractice insurance premium.

For healthcare professionals, including first aid instructors, the average cost of workers’ compensation insurance is $63 per month, or $751 annually.

This policy covers medical expenses and lost wages related to workplace injuries. It usually includes employer's liability insurance to protect against lawsuits from injured workers.

Businesses with employees, both full-time and part-time, typically must purchase workers' comp to comply with state requirements and avoid penalties.

For example, all healthcare providers in California, Pennsylvania, and New York must carry workers' comp if they have one or more employees. Florida businesses need coverage when they have four or more employees, and coverage is optional in Texas.

Since health insurance plans can deny claims for injuries related to your job, workers' comp coverage is also recommended for independent contractors as a financial safety net and for peace of mind.

The cost of workers' comp depends on several factors, primarily the number of employees you have and their occupational risks. You can save money on workers' comp coverage by classifying your employees correctly and implementing a risk management plan to avoid work-related injuries and subsequent claims.

Healthcare companies, including first aid and CPR instruction businesses, spend an average of $79 per month, or $954 annually, on cyber insurance. This policy is also called cyber liability insurance or cybersecurity insurance.

Cyber insurance helps your business recover financially after a cyberattack or data breach. It can cover data breach investigations, cyber extortion payments, and costs related to complying with your state's data breach laws.

This coverage is especially crucial for CPR and first aid training businesses that store protected health information and other personally identifiable information (PII) belonging to their customers.

The cost of cyber insurance and the amount of coverage you need depend on the amount of sensitive information you handle at your business.

Healthcare providers, such as first aid instructors, pay an average of $301 per month, or $3,608 annually, for commercial auto insurance.

This type of insurance pays for legal costs if your company vehicle injures someone or damages their property in an accident. It can also cover vehicle theft, vandalism, and weather damage.

Most states require commercial auto insurance for vehicles owned by a healthcare business. For personal, rented, and leased vehicles used for work purposes, look to hired and non-owned auto insurance (HNOA) instead.

The cost of commercial auto insurance depends on several factors, including your policy limits, the coverage options you choose, the number and value of your vehicles, and the driving records of anyone permitted to drive.