Business Insurance for Executive Coaches

Executive Coaching
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Why do executive coaches need insurance?

Your goal is to help execs and managers get to the next level. However, if a client blames your advice for an employee conflict or decreased efficiency, you could face a lawsuit. Executive coaching insurance helps your small business pay for unexpected legal costs, medical bills, and property repairs.

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Find affordable coverage

Executive coaches can save money by comparing quotes from top-rated insurance providers.

Fill out Insureon's easy online application to get free quotes and advice from a licensed agent.

What types of business insurance do executive coaches need?

These insurance policies cover the most common risks of executive coaching.

Business owner’s policy icon

Business owner’s policy

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.

BEST FOR
  • Customer injuries
  • Stolen or damaged business property
  • Business interruption incidents
General liability insurance icon

General liability insurance

This policy covers basic risks of executive coaching, such as a trainee injury during a coaching session. Bundle it with property insurance for savings in a business owner’s policy.

BEST FOR
  • Slip-and-fall accidents
  • Damaged customer property
  • Lawsuits over a social media post
Professional liability insurance icon

Professional liability insurance

This policy helps cover legal defense costs if an executive coach is sued for professional negligence or a mistake. It's sometimes referred to as errors and omissions insurance (E&O).

BEST FOR
  • Advice that leads to a workplace conflict
  • Failure to deliver promised results
  • Coaching mistakes or oversights
Workers’ compensation insurance icon

Workers’ compensation insurance

Most states require workers' comp for executive coaching businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

BEST FOR
  • Employee medical expenses
  • Disability benefits
  • Employee injury lawsuits
Commercial auto insurance icon

Commercial auto insurance

Commercial auto insurance covers financial losses when an executive coach's vehicle is involved in an accident. It's usually required for vehicles registered to a business.

BEST FOR
  • Property damage caused by your vehicle
  • Bodily injuries from an auto accident
  • Vehicle theft and vandalism
Cyber insurance icon

Cyber insurance

Cyber liability insurance helps executive coaches recover from data breaches and cyberattacks. It's strongly recommended for any business that handles credit card numbers or other sensitive information.

BEST FOR
  • Customer notification costs
  • Data breach investigations
  • Fraud monitoring services
Looking for different coverage? See more policies.

How much does insurance cost for professional service businesses?

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An executive coach who works independently will pay less for insurance than a larger company.

Factors that affect premiums include:

  • Professional services offered, such as business or life coaching services
  • Business property and equipment
  • Business income
  • Types of insurance purchased
  • Policy limits and deductibles
View Costs

How do I get executive coaching insurance?

It's easy to get executive coaching business insurance if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:

  1. Complete a free online application
  2. Compare insurance quotes and choose policies
  3. Pay for your policy and download a certificate

Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your executive coaching business, whether you work independently or hire employees.

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