Running a school is quite a hassle. Budgets, strategies, training, marketing, and much more will often keep the administration on its toes. It is not surprising that most institutions will call upon the services of an education consultant to help with the administration and strategy.
In your capacity as an education consultant, you are likely going to be closely scrutinized, with the focus being solely on the results you can deliver. However, by the very nature of your business being an education consultancy, mistakes are bound to happen. Unfortunately, small errors can result in big problems.
You face internal risks too. For example, a financial consultant you hire to help keep track of a school’s cash flow might commit errors or even participate in embezzlement orchestrated by an employee. As a result, you might be pulled into the mess and be held liable.
As you plan and coordinate education policies, establish guidelines for education programs, train teaching personnel, hire independent contractors, or conduct research on teaching techniques, you need assurance that you are protected if something goes awry.
Fortunately, you have available to you educational consultant insurance which offers comprehensive coverage. This education consulting insurance is a specialty protection that offers general liability, commercial property, and other business insurance products.
Let's look at a scenario whereby an employee at your consulting firm accidentally damages your client's property. By the very nature of the operations of an education consultancy, the business will often be held responsible.
That's where the general liability policy comes in. It covers all the costs related to third-party property damage. It caters to the medical bills and legal expenses that the aggrieved third party might have. Oftentimes, most commercial landlords will mandate that you provide proof of liability insurance before they rent out or lease their property to you.
Education consultant liability insurance provides coverage for:
Customer property damage
Copyright infringement and advertising injuries
A real-life instance when you will need education consultancy liability insurance is when third-party bodily injuries occur. This could be something like a client accidentally slipping on a wet floor and getting hurt at your facility. In such an event, the general liability insurance covers:
Funeral expenses in fatal incidents
The policy also covers costs when one of your employees slips and tips over a client's monitor. In such an instance of third-party property damage, the policy covers the expenses of repair or replacement, thus ensuring you do not meet the expenses out of pocket.
Finally, suppose that while advertising your consultancy firm, you accidentally copy another company's intellectual material. In such a scenario, you expose yourself to litigation which is where the general liability cover comes in. The insurance covers defamation, both libel and slander, as well as copyright infringement.
Professional liability insurance for educational consultants, also referred to as errors and omissions insurance, is critical for a business like yours offering professional advice and services. Let's look at a real-life scenario where professional indemnity insurance for education consultants comes in.
Suppose an institution hires your education consulting firm to help them revamp their curriculum and education plans, with the end goal of raising test scores. You advice and provide solutions. However, after the new materials are implemented, test scores actually drop by several points. As a result, enrollment at the institution drops significantly. The likely outcome of this eventuality is that the institution sues your firm for damages, claiming that your team was negligent in its work.
Whether the claims are groundless or your team did actually make unintentional errors, it could take a toll on your education consultancy firm. The costs of lawsuits and settlements could lead to the closure of business which is where professional indemnity insurance for education consultants comes in. The policy provides you with financial protection that will enable you to defend yourself against a lawsuit. With it, you can focus on your business as you are assured of having someone covering you.
Overall, professional liability insurance for education consultants is the best coverage for professional negligence, advice that results in financial loss, and consulting errors and oversights.
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You also want to invest in commercial property insurance. This policy comes in handy for education consultancy firms that wish to financially protect their business property, including their buildings, computers, equipment, furniture, and office supplies.
Even if you own or lease the office space, you must still consider getting this policy. Some policy providers will also offer this to education consultancy firm owners who run the business from home.
It would be best if you considered getting employment practices liability insurance to protect your education consulting business against lawsuits from current or former employees. This policy protects you from claims of discrimination, harassment, wrongful termination, or other employment-related issues.
Suppose your employees suffer work-related injuries or illnesses. They could possibly file a claim against your business. Similarly, in the event of their death, their survivors could possibly file a wrongful death claim.
To protect your business, you ought to invest in workers' compensation insurance. This type of coverage is crucial in protecting the safety and livelihood of your employees. Note that most states make workers' compensation policy mandatory. The policy covers employee medical expenses, disability benefits, and legal fees from employee injuries.
Further, seeing as the business environment can be unpredictable, consider getting business income insurance. Also referred to as business interruption insurance, the latter reimburses you for lost income and operating expenses if your education consultancy is unable to operate due to covered reasons.
Note that this type of insurance is not sold as a standalone policy. Instead, you will need to have this bundled with your commercial property insurance or included in a business owner's policy. For your consultancy to be eligible for a BOP, it will typically need to:
Have fewer than 100 employees
Have a small office or workplace
Make less than $1 million in annual revenue
Operate in a low-risk industry
If you are weary of having employees from your education consulting firm steal from your clients, consider purchasing a fidelity bond for your education consultancy. The policy covers employee theft and fraud, unlawful employee data access, and illegal funds transfer by an employee.
Education consultant insurance cost will be determined by several factors, including the size of your education consultancy and the revenue it brings. A review of what different policyholders pay yielded the following.
Education consultants pay $36 per month or $432 per year for general liability insurance. This policy will have a limit of $1 million per occurrence, with total policy deductibles being $500.
Here’s a table showing how much the recommended carriers charge for a $1 million general liability insurance for education consultants:
|Cost per Month||Cost per Year||Best for|
|NEXT||$25||$300||Best overall; Fastest general liability insurance for education consultants|
|CoverWallet||$31.04||$372.48||Education consultant insurance quotes comparison online|
|Tivly||$33.21||$398.52||Comparing education consultant insurance quotes over the phone|
|Thimble||$53.13||$637.56||On-demand general liability insurance for education consultants|
Education consultants pay $53 per month or $636 per year for professional liability insurance. Similarly, this policy will have a limit of $1 million, with policy deductibles being $500.
The cost of workers' compensation insurance for an education consultant is about $41.80 per month or $501.60 annually.
On the other hand, a business owner's policy will cost education consultants $44.90 per month or $538.80 annually. This cost is subject to the location of your education consultancy operations and the value of your business property.
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When looking for an education consultant insurance provider, you want protection, professional advice and support, and an overall good experience.
Here are the best education consultant insurance companies you must consider working with. Read to know their pros, cons, and rate for a $1 million general liability insurance.
Issues an online proof of insurance instantly
Great customer service and reputation
Outstanding value for money
Get a 10% discount if you buy two or more education consultant policies
Couldn’t find any
NEXT's education consulting insurance package is designed to protect your business from a variety of risks that help you save money to grow your business. Part of what's covered is damage to someone's property, accidents that hurt a third-party, and professional mistakes, including negligence.
The package also features a cover for workplace injuries, injuries, and damages involving your business vehicles and damages to your own property.
Prospective policyholders can get an insurance quote online. NEXT is committed to keeping this process straightforward. Getting insured is very easy. All you have to do is choose a policy, give NEXT an idea of your business profile, then it will issue an online quote showing estimated rates.
Best for: Best overall; Fastest general liability insurance for education consultants
Average cost: $25 per month
Our rating: 10/10
Compare education consultant insurance quotes online
Insure yourself online or call to get covered with the help of an agent
A partner of reputable insurance companies
Cancel your coverage anytime
Not an insurance company but an insurance broker
CoverWallet sells the education consultant insurance of its partners. To get covered, you need to use CoverWallet’s online quotes comparison platform, choose a policy, provide business information, then take a look at quotes.
Policies this company offers to education consultants are general liability, professional liability, commercial property, and cyber liability insurance.
Your general liability insurance from this company has a $1 million per occurrence limit with a $2 million aggregate. The policy also offers non-owned/hired auto insurance.
As for its professional liability insurance for educational consultants, CoverWallet allows the policy to provide $1 million-$2 million coverage for each claim.
Note you can name an unlimited number of additional insureds on CoverWallet’s professional liability and general liability insurance.
Best for: Education consultant insurance quotes comparison online
Average cost: $31.04 per month
Our rating: 10/10
Compare education consultant insurance quotes over the phone
Call and get covered quickly
Takes you to partners if it can’t provide coverage
Doesn’t issue online quotes
Tivly (formerly CommercialInsurance.NET) offers different types of business insurance policies. Examples are general liability, commercial auto, commercial property, cyber liability, and more.
Pick this insurance company if you want to speak with an agent to get covered. You only get a quote by calling since an agent will help you craft a comprehensive education consultant policy.
This company’s general liability insurance for education consultants has a $2 million per occurrence with a $2 million-$4 million aggregate limit.
Note that if Tivly can’t provide coverage because your business profile doesn’t match its underwriting appetite, it will take you to its partners.
Call Tivly now and compare education consultant insurance quotes over the phone.
Best for: Comparing education consultant insurance quotes over the phone
Average cost: $33.21 per month
Our rating: 10/10
Get general liability insurance as a short-term coverage
Workers comp insurance comes with employer’s liability insurance
ACORD 25 certificates of insurance
Issues quotes quickly
Commercial property insurance isn’t offered as an inclusion in its education consultant policy
Thimble offers general liability insurance and workers' compensation insurance for education consultants.
This company’s general liability insurance doesn’t only offer coverage for bodily injuries and property damage. The policy also protects business equipment and the belongings of clients. Note that professional liability insurance is available as an add-on to general liability insurance at an additional price.
Your workers' compensation insurance comes with employer’s liability insurance with a $1 million per occurrence limit. According to Thimble, the limits of its worker's comp insurance are subject to your location.
Best for: On-demand general liability insurance for education consultants
Average cost: $53.13 per month
Our rating: 9/10
Discounts of up to 5% when you buy two or more Hiscox products
A 14-day money-back refund policy is available
Policyholders can manage their policies online
No coverage available in Alaska
BOP policies are unavailable in several states
If you want to purchase workers' comp insurance, Hiscox refers you to a third party
Hiscox has a long-standing coverage history selling basic coverage, including general liability insurance and BOP. Prospective policyholders can purchase their education consultant insurance online from independent insurance agents. Besides the general liability insurance and BOP, you can also purchase professional liability and cyber insurance as part of your education consultant insurance from Hiscox.
Hiscox's general liability insurance for education consultant range from $300,000 to $2 million. On the other hand, the professional liability insurance policy limits range from $250,000 to $2 million. You can also customize your coverage to meet the needs of your business and industry.
Best for: Comprehensive coverage
Average cost: $39.16 per month
Our rating: 8/10
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
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.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
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!
It really can't get any better than this... wow