Table of contents
hide
The private investigation industry carries with it an ever-increasing risk of litigation, similar to the security industry. This is particularly true today with the increased focus on civil liberties, privacy, and profiling .Private investigator insurance is one of the few protections you can still count on.
What if you neglect to provide crucial details to a corporate client, and this mistake results in a harmful business decision? That’s why you want to stay proactive by investing in private investigator professional liability insurance.
Private investigators aren’t required to carry liability insurance. As such, you want to start by investing in comprehensive general liability insurance. Let’s examine real-life situations where private investigators insurance might come in handy.
Suppose a client takes a meeting at your office but slips and falls on a pool in your entryway and breaks her wrist.
In all these situations, your general liability policy will be able to cover all the arising costs.General liability insurance covers:
By virtue of what private investigations entail, you are likely going to be involved in a great deal of research or developing data that are to be used by others in making significant decisions.
Private investigator professional liability insurance covers all negligence claims due to mistakes or failure to perform. If you were to be sued for any of these, the policy will cover all your legal costs and the cost of a settlement.
Commercial Auto Insurance for Private Investigators
The first is commercial auto insurance which covers any automobile that is primarily used for business. You ought to ensure that your commercial auto insurance meets your state’s legal requirements. Commercial auto insurance does the following:
Suppose a hacker gains access to the case you are investigating. In this case, you would benefit from having cyber liability insurance coverage.
This will cover the costs of legal expenses and for recovering the classified information. This will also pay public relations expenses and lost income as a result of the breach.
Your work is risky , and it’s good to get workers’ compensation insurance. This will cover costs if you or your employees experience an accident while working outside or in the office. By having this insurance, you can cover the following:
What if your business runs out of your home? Unfortunately, your homeowner’s policy cannot cover accidents that occur within your home resulting from your business activities.
As such, you want to invest in business insurance for private investigators, which will cover accidents related to your work as a private investigator that happen within your home.
Expect to pay $44 per month or $528 per year for a $1 million general liability insurance policy.
The private detective insurance cost depends on varying factors about your business. Specifically, your quotes will be calculated based on the information you provide, including the following:
| Cost per Month | Cost per Year | |
| General liability insurance | $44 | $528 |
| Private investigator professional liability insurance | $52 | $624 |
| Workers compensation insurance | $62 | $744 |
| Business owner’s policy | $48 | $576 |
| Cyber liability insurance | $55 | $660 |
Get all the best quotes from leading providers in a click of a button!
Launched in 2015, NEXT is a go-to for smaller private investigation business owners looking for cheap insurance online. With NEXT, you can purchase private investigator insurance for as low as $11 per month or $132 annually.
Average cost: $11 per month
CoverWallet sells private investigator insurance products from different insurance companies, such as Chubb, CNA, and Liberty Mutual. Policies you can get from this company are general liability, cyber liability, workers’ compensation, private investigator professional liability insurance, and more.
Average cost: $18.41 per month
Our rating: 10/10
Tivly covers a wide range of businesses. Therefore, it might provide coverage even though it doesn’t have a specialized packaged insurance program for private investigators.
Average cost: $21 per month
XINSURANCE, powered by Evolution Insurance Brokers, offers a number of specialty insurance for individuals and businesses alike.
Other than offering private investigator insurance, XINSURANCE also provides specialized policies for private investigators.
Average cost: $30 per month
El Dorado Insurance Agency, Inc. offers private investigator insurance. The insurer has in-depth knowledge of their unique insurance needs.
This insurer has long-term relationships with some of the nation’s most trusted insurance carriers, including First Mercury Insurance and CoverX Specialty. Additionally, El Dorado has a leading workers’ compensation policy in the market.
Average cost: $41 per month
Our rating: 8/10
Pros
Cons
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
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
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
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!
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
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.
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.
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
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
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
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
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
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.
