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