An accusation of slander or financial loss caused by your advice could result in a costly legal battle. Career coaching insurance can help cover lawsuits, property damage, medical bills, and more.
These policies cover common risks faced by career coaches.
A BOP bundles commercial property insurance and general liability insurance in one plan. It's often the most cost-effective type of commercial insurance for a career coach.
This policy covers common third-party risks, such as accidental property damage during a coaching session. Bundle it with commercial property insurance for savings in a BOP.
This policy, also called errors and omissions insurance (E&O), covers legal expenses if a career coach is sued for negligence, such as advice that caused financial loss.
Most states require workers' comp for career coaching businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Commercial auto insurance covers financial losses when a career coach's vehicle is involved in an accident. It's required for vehicles registered to a business.
Cyber liability insurance helps career coaches recover from data breaches and cyberattacks. It's strongly recommended for any business that handles credit card numbers or other sensitive information.
You’re in the business of giving transformative career advice, but sometimes it doesn’t pan out. A client’s expectations can be high, and if not met, you could be sued. Fortunately, coach insurance can protect you from lawsuits and numerous other unique risks you face in the career coaching field.