An allegation of professional negligence could be disastrous for an executive coach. Make sure that your small executive coaching business is covered with business insurance tailored for your unique risks.
These policies provide coverage for the most common executive coaching risks.
A business owner's policy, or BOP, is a cost-effective way for executive coaches to buy general liability coverage and commercial property insurance together.
This policy is also called errors and omissions insurance (E&O). It helps cover legal expenses if an executive coach is sued for a missed appointment or unsatisfactory work.
Workers’ compensation insurance is required in almost every state for executive coaching businesses that have employees. It can cover medical bills for work-related injuries.
This policy covers common executive coaching risks, such as a trainee injury during a coaching session. Bundle with property insurance for savings in a business owner’s policy.
As an executive coach, you’re in the business of helping companies get to the next level. If your advice is faulty, however, your client might sue in order to recoup losses. Fortunately, executive coaching insurance can help your small business survive lawsuits, client injuries, and more.