A lawsuit over an injury during a team-building activity or substandard training could be costly. Ensure that you're covered with business insurance policies designed for corporate coaches.
These policies provide coverage for common corporate consulting risks.
A BOP bundles property insurance and general liability insurance under one plan. It's often the most cost-effective commercial insurance policy for a corporate training consultant.
This policy covers common corporate training risks, such as a client injury during a training session. Bundle with property insurance for savings in a business owner’s policy.
This policy, also called errors and omissions insurance (E&O), can help cover legal expenses if a corporate coach is sued for unsatisfactory work or a professional error.
Most states require workers' comp for corporate training 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 corporate trainer's vehicle is involved in an accident. It's required for vehicles registered to a business.
Cyber liability insurance helps corporate trainers recover from data breaches and cyberattacks. It's strongly recommended for any business that handles credit card numbers or other sensitive information.
Since corporate training involves dynamic interaction with businesses and their employees, you are susceptible to lawsuits involving property damage and physical injuries. When a dissatisfied client sues, corporate trainer insurance can help cover the cost of hiring an attorney and other expenses.