Some of the products on this page come from partners who may compensate us when you click on their links or take specific actions. This helps us keep our content free. That said, our opinions are our own and based on independent analysis.
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.
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.
| 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.
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.
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:
The main components of a commercial auto insurance policy include:
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.
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:
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.
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
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
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
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
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
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
Do you have U.S. insurance expertise/experience? Would you like to become a voice at Insuranks, help businesses and individuals, and showcase your authority online? Write us!
Not all those who wander are lost.
Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
