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Career Coach Insurance: Cost & Quotes From $11/month

For your business best protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!


For your business best protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

AND then, get even more quotes over the phone!icon

Speak with a Representative Now Call 866-929-3479

As a career coach, you are in the business of giving what could be transformative career advice. However, this might not always be the case. More often than not, you will be dealing with clients with unrealistic expectations. When these aren't met, you will face lawsuits and mounting legal fees. 

That's why you've got to protect yourself, just like sports coaches, crossfit coacheshealth coaches, tennis coaches, and football coaches. Given just how litigious the masses have become, you will need to purchase career coach insurance to stay afloat. This caters to all the costs arising from claims against your career advice or business. If your advice doesn't pan out or there's an aggrieved party in the course of you carrying out your duties as a career coach, the policy covers the consequences.

Career coach insurance ensures you have peace of mind so that you can offer your clients the best services. 

Career Coach Liability Insurance 

When dealing with people, there's bound to be an aggrieved party. You are constantly exposed to the risk of third-party injury or property damage. Unfortunately, these are inevitable, even if you were to take extra precautions. The urgency therein is that these will often lead to lawsuits that can be rather expensive and, in worst-case scenarios, lead to business closure. 

That's why you ought to get general liability insurance for career coaches. Regular interaction with your clients increases the risk of customer injury, client property damage, and advertising injury. This policy steps in to protect your career coaching business from the high costs of lawsuits. Besides, career coach liability insurance comes in handy when applying for leases and contracts. 


Short-Term General Liability Insurance for Career Coaches

General liability insurance for career coaches is available as a short-term policy. A short-term general liability insurance grants protection for hours, days, or weeks, depending on your needs. This has a $1 million-$2 million per occurrence limit with a $2 million aggregate. 

Similar to the usual general liability policy, short-term general liability insurance comes with a certificate of insurance. You can also name additional insureds in its language. However, the policy might not come with floaters or riders. 

So where do you get a short-term general liability policy? Thimble is a popular option. You can also buy one from Hiscox but note that it’s underwritten by Thimble. The last choice is The Hartford. 


Professional Liability Insurance for Career Coaches

As a career coach, you are in the professional service industry. While the field remains largely unregulated, this doesn't mean that questions will not abound over how you dispense your duties. 

When negligence or bad advice claims arise, you want to be sufficiently covered with professional liability insurance. This ensures you do not end up paying out of pocket for the expenses accrued due to claims against your performance. 

This policy, also sold as error & omissions coverage, helps your career coaching business gain protection against:

  • Work mistakes 

  • Professional negligence 

  • Undelivered services 

  • Violation of good faith

  • Violation of fair dealing

  • Breach of confidentiality

  • Misrepresentation 

Compare Cheap Career Coach Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

AND then, get even more quotes over the phone!icon

Speak with a Representative Now Call 866-929-3479

Commercial Property Insurance for Career Coaches

You will often find that most providers offer commercial property coverage as a standalone policy. You use commercial property insurance as a countermeasure in case something happens to a condo or building you’re using as an office. You can even use this to insure your private office at home. 

Commercial property insurance will reimburse your losses if the office gets damaged or destroyed because of:

  • Fire

  • Theft

  • Vandalism

  • Civil commotion

  • Riot

  • Lightning

  • Winds

  • Hail

  • Snow

  • Rain

  • Sinkhole collapse

  • Volcanic action

  • Vehicle 

  • Aircraft

  • Falling objects

 

Commercial property insurance can also help if important documents, credit cards, computers, and other valuables in the office get damaged or lost due to fire, theft, vandalism, and other exposures we mentioned above.

Depending on where you purchased it, commercial property insurance might come with an equipment breakdown floater. Also found in general liability insurance, an equipment breakdown floater covers replacements or repairs if laptops, cameras, and other devices you use for work get damaged or lost because of:

  • Mechanical breakdown

  • Electrical surge

  • Electrical shorts

  • Impact

  • User error 

 

Business Owner’s Policy for Career Coaches 

To save money and increase security, it would be best if you considered bundling the general liability coverage with commercial property coverage under a business owner's policy (BOP). For you to qualify for a BOP, you'll need to:

  • Have fewer than 100 employees 

  • Make less than $1 million annually 

  • Have a small workplace 

The BOP will cover:

  • Damage to business equipment and other property 

  • Third-party property damage and injuries 

  • Advertising injuries, including copyright infringement and libel 

  • Temporary closure 

 

Workers Compensation Insurance for Career Coaches

If you have employees, your business is not immune to injury. A career coach under your brand could trip in the office and break their wrist.  If the employee is injured while on the job, workers' compensation helps you cover the resulting costs without using personal funds or business funds. Common costs covered are:

  • Surgery, first aid treatment, and other medical expenses

  • Hospitalization

  • Medication

  • Rehabilitation and retraining

  • Lost wages due to inability to work 

  • Funeral expenses and allowance to dependents in case of death

 

Suppose the aggrieved employee was to claim you failed to provide a safe work environment and ultimately sue you. To prevent paying out of pocket for the arising costs, you want to purchase employer's liability insurance. This insurance policy, which is usually included in workers' compensation insurance, covers: 

  • Attorney's fees 

  • Court costs 

  • Settlement 

  • Court judgments

 

It is important to note that most state laws mandate that you get a workers' compensation policy as a professional services business. 

If you run your career coaching business in North Dakota, Ohio, Washington, or Wyoming, you will be required to purchase your worker's compensation policy through a monopolistic state fund. 

This means that your workers' compensation policy won't include the employer's liability insurance. Evidently, you will likely end up with a coverage gap that requires additional investment in a standalone employer's liability policy. 


Employment Practices Liability Insurance for Career Coaches

Employment practices liability insurance is another policy that grants protection against claims filed by employees. But note that this doesn’t cover negligence resulting in bodily injuries or property damage. Instead, you use this to cover claims employees file because of:

  • Wrongful termination

  • Sexual harassment

  • Retaliation

  • Failure to promote

  • Exploitation

  • Other violations of employee rights

 

Cyber Liability Insurance for Career Coaches

You are a prime target for cyberattacks looking to acquire your client's credit card information and other personal data. A simple phishing attack could see your IT infrastructure and the cyber security of clients compromised. 

The impact would be far-reaching, which calls for prompt investment in a cyber liability insurance policy for career coaches. This policy covers:

  • Data breaches 

  • Cyber attacks 

  • Cyber extortion 


In today's IT ecosystem, you are going to need both first-party and third-party cyber liability. The first-party cyber liability policy covers: 

  • Business interruption and lost revenues

  • Notifying clients of the cybersecurity breach 

  • Cost of containing the breach 

 

On the other hand, third-party cyber liability insurance caters to: 

  • Attorney's fees 

  • Filing costs and other court fees 

  • Legal obligations following the ruling 

  • Cost of remediation


Career Coach Auto Insurance 

You or your employees might consider yourselves the most competent drivers. Still, you are subject to the countless perils on the road every day. It is in light of this that you want to purchase commercial auto insurance for all your commercial vehicles. 

Commercial auto insurance helps compensate for any arising costs as a result of litigation, property damage, and treatment fees from an auto accident. Further, if your business vehicle is vandalized, stolen, or damaged, the policy meets the cost of repair or replacement. 

Overall, as a professional service business with a commercial vehicle, you are on the safer side with career coach auto insurance. Note that state regulations call the shots when it comes to exactly how much coverage you will need. For example, if you’re in New York, your commercial auto insurance must provide $25,000 coverage for bodily injuries, $50,000 per accident, and $10,000 for property damage. 

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Career Coach Insurance Cost

You will pay $38 per month or $456 per year for a $1 million general liability insurance. This career coach insurance cost estimate assumes that you have 5 employees and make $500,000-$750,000 per year.

You will pay $45 per month or $540 per year for commercial property insurance. An insider tip would be to go with the BOP instead of a standalone general liability policy and commercial property insurance.

BOP for career coaches will cost $42 per month or $504 per year. To secure a discount, discuss with your insurer of choice whether you can bundle other insurance policies to your BOP.

Professional liability insurance for career coaches will cost $55 per month or $660 per year. This will have a $1 million per occurrence limit and a $1 million aggregate limit.

Commercial auto insurance costs $57 per month or $684 per year. For workers' compensation insurance, premiums will be $61.83 per month or $741.96 per year. As highlighted, it is best that you find out if you are in a monopolistic state, as this would then mean additional investment into a standalone employer's liability policy.

To provide further reference of how much career coach insurance policies cost, here's a table detailing the premiums of the best carriers:


Cost per MonthCost per YearBest for
NEXT$20.67$248.04Best overall; Fastest general liability insurance for career coaches
CoverWallet$25.83$309.96Career coach insurance online quotes comparison
Tivly$27$324Comparing career coach insurance quotes over the phone
Hiscox$32.54$390.48Discounts on offer
Thimble$35$420Quick, flexible coverage

Compare Cheap Career Coach Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

AND then, get even more quotes over the phone!icon

Speak with a Representative Now Call 866-929-3479

Best Career Coach Insurance Companies

As you start to ponder over the future of your business, it's likely that you are curious about the best career coach insurance companies available. While there are countless options, here are some that you must consider. Read to know their pros, cons, and rate for a $1 million general liability insurance.

NEXT Career Coach Insurance

Pros

  • Three coverage options-basic, deluxe, and premiere

  • Best overall

  • Get an online proof of insurance and send as a text message, email, or social media post

  • Fastest general liability insurance for career coaches

  • Great customer service and reputation

  • Issues an online proof of insurance instantly

  • Outstanding value for money

  • Bundle two or more insurance policies and get a 10% discount

Cons

  • Couldn’t find any

NEXT career coach insurance is designed with variety in mind. Choose between three coverage options-basic, premiere, and deluxe.

The basic coverage option is the cheapest yet not comprehensive. You only get general liability and professional liability insurance. General liability has a $1 million per occurrence limit and a $2 million aggregate. On the other hand, professional liability insurance has a $1 million per occurrence and aggregate limit.

We recommend you spend more on premiums. Go for the deluxe coverage as this is the most comprehensive option. It grants general liability, professional liability, and workers compensation insurance with a $1 million employer’s liability coverage and waiver of subrogation. Moreover, you can choose to further get commercial property insurance.

Best for: Best overall; Fastest general liability insurance for career coaches

Average cost: $20.67 per month

Our rating: 10/10


CoverWallet Career Coach Insurance

Pros

  • Stable rates

  • Cancel a policy anytime

  • General liability insurance automatically comes with hired/non-owned auto liability coverage

  • Compare career coach insurance quotes online

Cons

  • Not an insurance company but an insurance broker

CoverWallet doesn’t have a specialized career coach insurance program. However, it provides comprehensive protection through its custom-made insurance plans for businesses providing professional services. Policies you can get are general liability, cyber liability, workers' compensation, professional liability, and business owner’s policy.

Your general liability insurance from this company provides $1 million-$2 million coverage for each claim. A separate amount of coverage is provided to medical payments, products and completed operations, advertising injury, and hired/borrowed auto liability.

CoverWallet allows you to bundle other policies to its general liability insurance. Just choose which policies you need and add them to your quote.

To get covered, use CoverWallet’s online quotes comparison platform. Choose one or more policies, provide details, and the cost of premiums, as well as policy details, will be provided.

Best for: Career coach insurance online quotes comparison

Average cost: $25.83 per month

Our rating: 10/10


Tivly Career Coach Insurance

Pros

  • Responsive customer service

  • A partner of many reputable insurance companies

  • Call and compare career coach insurance quotes over the phone

Cons

  • You need to call to get a quote

Tivly sells general liability, commercial property, workers' compensation, commercial auto, and other insurance for businesses. This company works with a wide variety of clients, so you need to talk with a representative. Call Tivly now to know if you can get covered and compare career coach insurance quotes over the phone.

Best for: Comparing career coach insurance quotes over the phone

Average cost: $27 per month

Our rating: 10/10


Hiscox Career Coach Insurance

Pros

  • Easy online application

  • Coverage starts instantly after payment

  • Customizable policies curated for your needs

  • A range of coverage options is available

  • Telephone support for personalized problem resolution

Cons

  • BOP is not offered to career coaches in Alaska

If you are in the market for a career coach insurance provider with extensive experience, Hiscox is the insurer for you. Hiscox has over 100 years of experience offering specialty insurance products to, among others, career coaches.

Hiscox's career coach insurance offering includes general liability insurance, short-term liability insurance, and cyber liability insurance. Right from the start, however, policyholders are encouraged to customize their policies to best fit their business needs.

What makes Hiscox stands out is the number of discounts that policyholders can take advantage of. On average, Hiscox promises an official claims response time frame of 5-10 days. This can be shorter depending on the nature of the claim, the number of requirements, and other factors.

Best for: Discounts on offer

Average cost: $32.54 per month

Our rating: 8/10


Thimble Career Coach Insurance

Pros

  • Coverage starts instantly after payment

  • Flexible coverage periods, including hourly, daily, or monthly coverage

  • Policyholders can add as many additional insureds

  • Instant certificate of insurance

  • Policyholders can download their COI

  • Policyholders can terminate their career coach insurance policy

  • Easy policy management via the mobile app

Cons

  • You can’t reach customer service by calling

Thimble's career coach insurance package includes coverage for:

  • Third-party, non-employee bodily injury

  • Third-party property damage

  • Defense costs

  • Errors and omissions

The rate that Thimble charges you for this career coach insurance package is reliant on a couple of different variables. The latter all rotate around your business' level of risk. It considers the location where you offer your career coaching, the size of your business, and the coverage limit you've selected. As it pertains to the latter, Thimble's career coach insurance is offered with either a $1 million or $2 million limit.

Thimble has a leg over the competition due to just how able it is in offering prospective policyholders quick and efficient insurance policies. This often takes just a few hours and is flexible enough to serve clients in a wide array of situations.

Best for: Quick, flexible coverage

Average cost: $35 per month

Our rating: 9/10









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