Table of contents
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
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
0 / 10
Not recommended, worst company I've dealt with. Denying claims regularly.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
2 / 10
I never purchased the policy. The person I spoke with "Bruce" was condescending and argumentative. He kept repeating himself and talking in circles telling me what I HAVE TO DO, basically trying to bully me into purchasing commercial insurance. I wouldn't use this company if they were paying me!
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
Highest level of plan and customer service
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
My experience with AAA's business insurance was fairly good. Customer service is excellent, coverage is broad, claims process was efficient. I do recommend them.
10 / 10
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
0 / 10
State Farm's business insurance was such a bad choice for us. Worst communication, very unprofessional. Been insured for over 12 years through a local statefarm agent who we were having insurance for our own home, our personal cars, our own health insurance, workers compensation, all of our commercial autos that serve our business - our agent didn't inform us of raising our premium rates, of certain inspections, and send us very rude emails upon our policy cancellations that were caused by his... Read More
10 / 10
Extremely helpful, kind and knowledgable customer service team! I received a business insurance package that was tailored and personalized to my exact business needs! Excellent liability insurance. Their pricing for business insurance is not the most affordable you'll find, however it's better to pay more and know that you are covered well. We got coverage for $1M. In regards to claims, I haven't had any experience so cannot attest, but the rest was excellent so I'm sure claims will be great as... Read More
10 / 10
Customer service is fast and efficient. They were very caring about issues that we faced, checked them all and resolved our claims fast. State Farm is an excellent company. They gave us excellent business insurance coverage that was customized to our precise needs. We worked together to build the most suitable coverage to our needs, nothing more or less, while making sure the rate is good enough. State Farm's business insurance cost was very good compared to other companies, while maintaining a... Read More
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
10 / 10
highly recommended!
9.8 / 10
Chubb provides business insurance coverage for all size of businesses, from small local ones to huge multinational corporates, they are very fast to respond to your claims, their business insurance coverage is very advanced while being tailored to your needs, aka covering you from all sides without over-covering you to make you pay more like some companies do. I'm a very satisfied customer.
9.7 / 10
Very annoyed in 2020 they do not offer online quotes, however they are great at everything else. The coverage is amazing, customer service is world class, value of money is great (even when their rates are not the cheapest), fast and excellent handling of claims, very dedicated and business focused. The only other issue is since they cover all types and sizes of businesses, they do not seem to specialize in any of them specifically.
Not all those who wander are lost.
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