As a bodyguard, you are responsible for the safety and security of your clients. However, no matter how well-trained and skilled you are, accidents can happen, and you need to be prepared for them.
Similar to security guards, you might be accused of failing to perform due diligence when it’s needed. Also, those you’ve hurt while protecting a client might file a claim for bodily injuries or property damage.
That's where body guard insurance comes in. This article will discuss the different insurance policies available for bodyguards, including general liability, professional liability, commercial property, business owner's policy, tools and equipment, commercial auto, and workers' compensation insurance. We will also provide information on the cost of bodyguard insurance and list some of the best insurance companies in the market.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
General liability insurance protects you from third-party claims of bodily injury or property damage. This policy covers the legal costs of defending against these claims and any settlements or judgments that may be awarded against you.
The coverage limits for general liability insurance can range from $1 million to $5 million.
HNOA coverage–Hired/non-owned auto coverage will cover the cost of third party medical treatments if a vehicle that you hired or borrowed causes an accident
Customer property coverage–Customer property coverage will cover expenses if the client’s belonging got lost or damaged while under your care, custody, and control
Personal and advertising injury coverage is a type of coverage that protects you from claims of slander, libel, false arrest, and invasion of privacy. This is already included in general liability insurance.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
| HIPAA coverage included? | No | No | No | No | No |
| Sexual misconduct coverage included? | No | No | No | No | Can be included |
| License defense coverage included? | No | No | No | No | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 | $500 |
Professional liability insurance protects you from claims of professional negligence or failure to perform your duties. Breach of confidentiality is also covered. This policy covers the legal costs associated with defending, such as attorney fees and investigation fees.
The coverage limits for professional liability insurance can range from $100,000 to $1 million.
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
Commercial property insurance protects your business property from damage or loss due to theft, fire, or natural disasters. You can bundle this with general liability insurance for comprehensive protection.
The coverage limits can range from $100,000 to $1 million.
Business interruption coverage provides financial protection to businesses that experience a loss of income due to unexpected interruptions, such as natural disasters
Flood insurance covers damages caused by flooding, which is typically not included in standard commercial property insurance policies
| CoverWallet | Thimble (Best) | NEXT | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
A business owner’s policy (BOP) is a type of insurance policy specifically designed for small businesses. It combines several types of coverage into a single policy, making it more convenient and cost-effective for business owners to obtain the necessary insurance coverage.
The coverage limits for a business owner’s policy typically range from $1 million to $5 million, depending on the size and scope of the business.
Employment practices liability insurance protects against claims related to employment practices, such as discrimination or harassment
Professional liability insurance protects against claims of negligence or errors and omissions in the provision of professional services
A business owner’s policy can be customized to meet the specific needs of a business. Insurance companies that offer this type of policy often provide a range of options for add-ons and coverage limits, allowing business owners to tailor their coverage to their specific needs.
| NEXT | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
If you're a business owner relying heavily on tools and equipment to conduct your operations, you understand how important it is to protect those assets. Tools and equipment insurance provides coverage for tools and equipment in the event of damage or loss due to theft, fire, or other unforeseen circumstances.
The coverage limits of tools and equipment insurance can range from $2,500 up to $100,000 or more, depending on the value of your equipment.
Inland marine insurance covers damage to your tools and equipment while transported to and from job sites
Commercial auto insurance is designed to protect bodyguards from financial losses as caused accidents and incidents involving their vehicles. Specific situations where this insurance can help include:
Collisions with other vehicles or objects
Damage to the vehicle caused by weather, theft, or vandalism
Bodily injury or property damage to third parties caused by the insured vehicle
The main components of a commercial auto insurance policy include:
Liability coverage–Covers bodily injury and property damage to third parties caused by the insured vehicle
Physical damage coverage–Covers damage to the insured vehicle caused by a collision, theft, vandalism, or other covered events
Coverage limits typically range from $500,000 to $1 million per incident. The exact coverage limit will depend on the nature and size of the business.
Towing and labor coverage–Covers the cost of towing and labor if the insured vehicle breaks down
Rental reimbursement coverage–Covers the cost of a rental vehicle if the insured vehicle is inoperable due to a covered incident
Workers' compensation insurance is a policy that covers medical expenses, lost wages, and rehabilitation costs for employees who are injured or become ill due to their job. This policy is typically required by law in most states to protect both employers and employees in case of work-related accidents or illnesses.
Coverage limits for workers' compensation insurance can vary depending on the state and the type of work being performed. However, the policy typically covers the following:
Medical expenses related to the injury or illness
Lost wages due to the inability to work
Rehabilitation expenses to help the employee recover and return to work
Disability benefits in case of permanent injury or disability
Employer's liability insurance protects the employer in case of lawsuits brought by injured employees who feel their injury was caused by the employer's negligence
Voluntary compensation insurance provides coverage for certain employees who may not be required to be covered by workers compensation insurance, such as independent contractors or interns
The waiting period for workers compensation insurance claims can vary by state and may be subject to different rules depending on the severity of the injury or illness. However, in most cases, the waiting period is typically three to seven days before benefits are paid out.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $39 | $468 | $0-$500 |
| Professional liability insurance | $42 | $504 | $500-$1,000 |
| Commercial property insurance | $62 | $744 | $1,000-$2,000 |
| Business owner’s policy | $90 | $1,080 | $1,500 |
| Commercial auto insurance | $65 | $780 | $500-$1,000 |
| Tools and equipment insurance | $46 | $552 | $500-$1,000 |
| Workers compensation insurance | $116 | $1,392 | $2,000-$5,000 |
The average bodyguard insurance cost is $39 per month or $468 per year for a $1 million general liability insurance. Factors that affect the cost of premiums are claims history, business history, policy limits, deductibles, annual revenues, location, and number of employees. Here’s a table showing the cost of a $1 million general liability insurance from the best bodyguard insurance companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $24 | $288 | Best overall; Fastest general liability insurance for bodyguards |
| The Hartford | $27 | $324 | Comparing bodyguard insurance quotes online |
| CoverWallet | $30 | $360 | Industry expertise and experience |
| Tivly | $32 | $384 | Comparing bodyguard insurance quotes over the phone |
| Thimble | $33 | $396 | On-demand insurance coverage for bodyguards |
| Hiscox | $35 | $420 | Bodyguard insurance with automatic renewal |
Get all the best quotes from leading providers in a click of a button!
Here are the companies you might want to consider working with. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for bodyguard insurance
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT provides coverage options for various businesses, including property and casualty, general liability, professional liability, and cyber liability. This company allows you to get covered 100% online. You don’t have to talk to an agent. All you have to do is choose a policy, pay the initial premiums, and wait for NEXT to confirm.
Best for: Best overall; Fastest general liability insurance for bodyguards
Average cost: $24 per month
Our rating: 10/10
Easy-to-use platform for policy management
Provides access to policies from multiple carriers
Policies you buy from this company might automatically come with add-ons
Not an insurance company but an insurance broker
CoverWallet is an online insurance marketplace that provides access to a variety of insurance options for businesses. With this company, you can compare the offers of different insurance companies simultaneously. Though it’s just an insurance broker, CoverWallet allows you to manage policies and even choose whether to pay premiums monthly or for the whole year.
Best for: Comparing bodyguard insurance quotes online
Average cost: $27 per month
Our rating: 10/10
Extensive experience in the insurance industry
Provides coverage options for a variety of industries
Renowned underwriter for workers compensation insurance
Limited add-ons to general liability insurance
The Hartford provides a wide range of coverage options for businesses, including general liability, workers' compensation, and professional liability. They have been in the insurance industry for over 200 years and offer expertise in various industries.
Best for: Industry expertise and experience
Average cost: $30 per month
Our rating: 10/10
Compare quotes over the phone
Provides coverage options for various businesses
Gives the insurance package that best matches your risk profile
You need to call to get a quote
Tivly is a new insurance company that provides bodyguard insurance specifically designed for personal protection professionals. Similar to CoverWallet, this company also allows you to compare quotes. What’s different is that you do this over the phone instead of online. Call now to compare quotes over the phone.
Best for: Comparing bodyguard insurance quotes over the phone
Average cost: $32 per month
Our rating: 9/10
Flexible policies that can be purchased by the hour, day, or month
Sells short-term general liability insurance
Numerous add-ons to general liability insurance
You can’t reach customer service by calling
Thimble is an insurance provider that offers short-term policies for bodyguards and other small businesses. It’s general liability insurance policy comes offers a $1 million-$2 million per occurrence limit and numerous add-ons can be included. You can also purchase the coverage as a short-term policy that lasts for hours, weeks, days, or months.
Best for: On-demand insurance coverage for bodyguards
Average cost: $33 per month
Our rating: 8/10
Has a strong financial rating and reputation in the insurance industry
Offers customizable policies to fit the specific needs of each business
Numerous add-ons to base policies
Worldwide coverage
14-day money-back guarantee
Online quoting might not be available all the time due to periodic site maintenance
Hiscox provides coverage options for a variety of businesses, including professional liability, general liability, and cyber liability. They offer customizable policies and provide expertise in various industries.
Best for: Bodyguard insurance with automatic renewal
Average cost: $35 per month
Our rating: 9/10
1 / 5
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
1 / 5
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
1 / 5
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
5 / 5
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
5 / 5
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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