Working as a tarot reader has its fair share of risks. A client can slip and fall while entering your office. You might even be held liable by a client who experienced the opposite of what you predicted. So, what should you do and how will you protect yourself from such a scenario in the future? Read on to find some of the tarot reader insurance policies that can protect you from a financial crisis.
CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
---|---|---|---|---|---|
Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $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 | Excluded | Can be included | Can be included |
Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
You may also refer to this type of tarot reader insurance as business liability insurance or commercial general liability insurance. This protects your business against third-party bodily injuries and property damage claims that are caused by the use of your products, services, or operations. Your employees' job-related injuries and illnesses are not covered under this policy. Other risks that are covered under this coverage include:
Copyright infringement claims
Reputational harm claims
Advertising injury claims
Your chosen insurance provider will provide a general liability coverage with a $1 million per occurrence limit and $2 million aggregate limit.
Product liability insurance–If you sell any tarot reading-related products to your clients then it would be a smart move to purchase this add-on as it may confer you with financial immunity in the event these products cause harm or injuries to your customers
Cyber liability insurance–In the event your tarot reading business’ networks become compromised following a cyberattack and your client’s personal information gets leaked to the public, then you can use this add-on to cover all the costs you may be subjected to
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 |
Its commonly referred to as professional liability insurance. The errors and omissions insurance for tarot readers is an insurance policy that protects your tarot reading business from costs resulting from lawsuits over an alleged mistake, error, or oversight done or performed during professional service provision. Some of the coverages provided under this policy include:
General or gross professional misconduct
Breach of contract
Professional errors such as providing your client with misleading or incorrect tarot reading interpretation
Failure to provide services within the agreed time frame
Failure to provide your services as per the accepted standards
Errors and omissions insurance has a per occurrence and aggregate limit of $250,000 to $1,000,000. Your clients’ profile and the risks your business is exposed to are some of the determining factors on how much payout you get.
Media liability coverage–If you use social media or any other media-related medium to promote or conduct your tarot reading business, then you should consider purchasing this add-on. Under this add-on, your tarot reading business is protected from any financial burden it may be subjected to following a claim brought by a third-party claiming for compensation due to an alleged invasion of privacy, slander, and libel caused by a content you published
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CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
---|---|---|---|---|---|
Building coverage limit (minimum) | $50,000 | $320,000 | $25,000/$500,000 | $75,000 | $25,000 |
Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $75,000 | $15,000 |
Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
Business interruption floater | Excluded | Included | Included | Excluded | Included |
Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
This tarot reader insurance is also referred to as business property insurance. Under this insurance, you are protected from the costs of repairing, rebuilding, and replacing your owned or rented commercial building and the physical business assets found in them in the event they get destroyed or damaged by an insured risk. Such risks include; fire, theft, wind, lightning, and vandalism.
Your insurer will pay you approximately $50,000 as the coverage limit for commercial property insurance for tarot readers. The type of building materials that have been used to construct your commercial building and the approximate distance your commercial building to a fire station are some of the factors an insurance carrier will use in calculating your coverage limit for this policy.
Crime insurance–Upon purchasing this add-on, you get automatically covered for any costs that you may be subjected to in the event your commercial building and the contents in it get damaged due to criminal acts such as burglary, arson, and theft
Earthquake insurance–In the event your commercial building is destroyed by an earthquake, then this add-on can help you to get compensated for the costs of rebuilding the earthquake-damaged building
Flood insurance–if your tarot reading business is located in areas prone to floods, then it's vital that you purchase this add-on as it will shield you from the financial burden of rebuilding, repairing, and replacing your commercial building
CoverWallet | NEXT (Best) | Thimble | Hiscox | |
---|---|---|---|---|
General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
Commercial property coverage limit | $50,000 | $320,000 | $25,000/$500,000 | $75,000 |
Optional policies can be added? | Yes | Yes | Yes | Yes |
Name additional insureds for free? | Yes | Yes | Yes | Yes |
BOP discount? | Yes | Yes | Yes | Yes |
General liability insurance, business interruption insurance, and commercial property insurance are the 3 policies that make up the business owners policy (BOP) for tarot readers. Thus, the BOP for tarot is a bundled insurance policy that protects you from the following financial burdens:
Costs of repairing, rebuilding, and replacing damaged commercial buildings and the contents found in them
Incurring legal expenses following reputational harm, bodily injury, or copyright infringement lawsuit
Loss of income as well as the inability to pay rent and payroll
It's approximately $1,000,000. This coverage limit isn't fixed. You can have your insurer of choice customize it to suit your tarot reading business needs.
In the event, you are unable to pay your commercial building's rent following an occurrence of an insured risk that causes you to temporarily shut down your tarot reading business
In the event, your commercial building, whether rented or owned, gets destroyed or damaged by the insured risks as defined under this policy
You want to replace or repair your business assets that were damaged following the occurrence of insured risks
Employment practices liability insurance–You can use this add-on if your employees sue you for discrimination, harassment, or wrongful termination
Customer property coverage–This can reimburse a third party on your behalf if his or her property got damaged while under your care, custody, and control
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 |
This is a business insurance that protects you from incurring the costs of replacing or repairing your business tools and equipment in the event they get lost, stolen, or get unintentionally damaged by fire and vandalism.
Typically, insurers will only insure your tarot reading tools and equipment if they are moveable and are less than 5 years of age. Important to note is that your chosen insurer will not cover for the costs of repairing and replacing tools and equipment that malfunction due to wear and tear.
The coverage limits for tools and equipment insurance for tarot readers range between $2,500 to $5,000. The market value of your insured item greatly determines this coverage limit.
Extended warranty coverage–You can purchase this add-on if you are sure that your tools or equipment will need to be repaired or replaced after the stipulated manufacturer’s warranty period
Rental reimbursement coverage–This add-on to tools and equipment insurance can reimburse extra expenses in case you need to rent tools for work because the one that you own needs repair or replacement
Commercial auto insurance for tarot readers exempts you from any physical damage and liability you may be subjected to following an accident caused by your commercial automobile. This policy covers the costs that are not covered by your personal auto insurance policy. Under this policy, you, your designated commercial driver, and the passengers traveling in your commercial vehicle including your family members' medical bills are settled by your insurer.
$100,000 per person and $300,000 per accident is the approximate coverage limit most insurance carriers will pay you for commercial auto insurance for tarot readers. The deductibles under this policy directly influence how much your insurer will give you as the coverage limit after serving them with a claim notice.
Zero depreciation coverage–This add-on provides you with financial aid for repairing or replacing the depreciated parts of your commercial vehicle. Important to note is that you can only purchase this add-on if your vehicle is less than 5 years of age
Engine protection coverage–If your commercial vehicle’s engine or its part gets damaged by incidents of water ingression or leakage of lubricant oil, then you can use this add-on to repair it
Excess liability insurance for tarot readers can be viewed as additional or extra coverage that provides one with an extra layer of financial immunity in the event their primary policy coverage limits get exhausted. For instance, if you own an errors and omissions policy whose coverage limit is $1 million and you get sued for $2 million, then you can use the excess liability insurance to cover the $1 million that goes exceed your overage limits.
It’s approximately $10,000,000. How much you get paid as the coverage limit under this policy greatly depends on the size of your business and the deductibles found in this policy.
Workers compensation insurance protects your employee from incurring any costs that they may be subjected to following a work-related injury or sickness. Under this policy, your employee also gets compensated for a portion of their lost wages or salary.
Important to note is that your employee will lose his/her right to sue you for your acts of negligence if they accept to be compensated under workers' comp insurance. Some of the benefits your employee is entitled to under this tarot reader insurance include:
Disability benefits
Dismemberment benefits
Lost wages
Medical benefits
Death benefits
There is no set amount on how much your employee gets paid under this tarot reading insurance coverage. Coverage limits depend on the workers comp law of the state where you’re doing business.
Return to work programs–Under this add-on, your employees who are subjected to work-related injuries and illnesses are aided to return back to their working state through the provision of job rehabilitation services
Wellness programs–Under this add-on, your employees get to benefit from essential yet commonly overlooked wellness program packages. Such packages include fitness programs and stress management programs
Cost per Month | Cost per Year | Deductible | |
---|---|---|---|
General liability insurance | $17 | $204 | $0-$500 |
Errors and omissions insurance | $25 | $300 | $500-$1,000 |
Excess liability insurance | $29 | $348 | $1,000-$2,000 |
Commercial property insurance | $40 | $480 | $1,000-$2,000 |
Business owner’s policy | $57 | $684 | $1,000-$2,000 |
Tools and equipment insurance | $23 | $276 | $1,500 |
Commercial auto insurance | $61 | $732 | $1,000-$2,000 |
Workers compensation insurance | $69 | $828 | $2,000-$5,000 |
The average tarot reader insurance cost is $38 per month or $456 per year for a $1 million general liability policy. These approximate costs are not constant and they can go up or down depending on factors such as claims history, business history, location, policy limits, deductibles, revenues, and number of employees. Here’s a table showing the cost of a $1 million general liability policy from companies we recommend for tarot reading insurance:
Cost per Month | Cost per Year | Best for | |
---|---|---|---|
NEXT | $17 | $204 | Best overall; Fastest general liability insurance for tarot readers |
CoverWallet | $21 | $252 | Comparing tarot reader insurance quotes online |
The Hartford | $24 | $288 | Established tarot readers who own multiple tarot reading businesses equipped with costly/expensive business assets |
Tivly | $28 | $336 | Comparing tarot reader insurance quotes over the phone |
Thimble | $31 | $372 | Part-time or occasional tarot readers looking for temporary or on-demand coverage |
Hiscox | $35 | $420 | Tarot readers whose businesses are located in high-risk areas |
Get all the best quotes from leading providers in a click of a button!
Below are some reviews that provide you with the pros, cons, and $1 million general liability insurance rates of the best tarot reading insurance companies.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for tarot readers
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
In January 2016, Guy Goldstein (the current acting CEO), Nissim Tapiro, and Alon Huri together founded NEXT. This A- AM Best rated insurance carrier specializes in providing its policies to small-scale business owners 100% online. Through its AI-based solutions, clients can purchase and manage affordable and customizable business insurance coverages at any time of the day or week.
Best for: Best overall; Fastest general liability insurance for tarot readers
Average cost: $17 per month
Our rating: 10/10
It provides you with automatic risk analysis services
It recommends you the best insurance policies that suit your business needs
You can get instant free quotes through its website
Not an insurance company but an insurance broker
CoverWallet provides its customers with instant free quotes, proof of insurance, and automatic risk analysis features. This insurance company also provides you with coverage recommendations that suit your business needs through its insurance providers partners. Some of the well-known and financially dependable insurance providers CoverWallet works with are Atlas, Employers, Progressive, Chubb, and Markel.
Best for: Comparing tarot reader insurance quotes online
Average cost: $21 per month
Our rating: 10/10
It’s rated as an A+ grade insurer by BBB and AM Best
Its coverage options are available in all the 50 states
It provides its customers with above-average customer cares services
Its coverage options mostly benefit AARP members
As of 2020, The Hartford was ranked 160th in the Fortune 500 list. This USA-based company was founded in 1810 in Hartford Connecticut by a group of domestic merchants.. Some of the coverage options provided by this 13th largest property and casualty insurance company in the USA are general liability, business owners policy, workers comp insurance, commercial property insurance, and commercial auto insurance policies.
Best for: Established tarot readers who own multiple tarot reading businesses equipped with costly/expensive business assets
Average cost: $24 per month
Our rating: 10/10
Compare quotes over the phone
A partner of many reputable insurance companies
Finds an insurance company that matches your risk profile
You need to call to get a quote
The AM Best rates Tivly as an A+ online insurance agency. Through its website, this digitally dynamic and incorporating insurance agency helps match its clientele with the best coverage options that suit their business needs. Call now to compare quotes over the phone.
Best for: Comparing tarot reader insurance quotes over the phone
Average cost: $28 per month
Our rating: 9/10
Thimble will refer you to Tivly if it can’t provide coverage
Sells errors and omissions as an add-on to general liability insurance
You can pay for an hour’s time insurance coverage
You can’t reach customer service by calling
Thimble is one of the insurance companies in the USA that permits its policyholders to purchase liability coverage for hours, days, or weeks. This AM Best A-rated insurer was originally founded as Verifly Insurance Services by Eugene Hertz and Jay Bregman. Business insurance solutions you can purchase are general liability, commercial property, business owners policy, and more.
Best for: Part-time or occasional tarot readers looking for temporary or on-demand coverage
Average cost: $31 per month
Our rating: 9/10
It has more than 100 years of insurance provision experience
Numerous add-ons to your base policies
14-day money-back guarantee
People living in Alaska cannot access its coverage
Hiscox was founded in 1901. It specializes in providing its policyholders with personal and commercial policies that are pocket-friendly, easy to purchase and claim. The AM Best has rated this internationally located and recognized insurance carrier as an A-grade insurer. In the USA, Hiscox provides multiple coverage options in all states except Alaska.
Best for: Tarot readers whose businesses are located in high-risk areas
Average cost: $35 per month
Our rating: 9/10
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
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!