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.Â
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
| NEXTÂ | 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.Â
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.
