April 24, 2023
Dorsal Insurance
Education Consultants Insurance
Why do education consultants need business insurance?
Educational consultants provide professional advice and strategies that help students succeed. However, poor results could land your business in court. Education consultant insurance can help pay for lawsuits and losses related to your curriculum, student performance, property damage, and injuries.
What types of insurance do education consultants need?
These insurance policies cover common risks in education consulting.
General liability insurance
General liability insurance covers basic risks, including third-party property damage and bodily injuries. Save money by bundling it with commercial property insurance in a business owner’s policy.
BEST FOR
- Slip-and-fall accidents
- Personal injury lawsuits
- Libel and other advertising injuries
Professional liability insurance
This policy covers legal defense costs if a client sues an education consultant over the quality of their professional services. It’s also called errors and omissions insurance (E&O) or professional indemnity insurance.
BEST FOR- Professional negligence
- Advice that caused financial loss
- Consulting errors and oversights
Workers’ compensation insurance
Most states require workers’ comp for education consulting businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
BEST FOR- Employee medical expenses
- Disability benefits
- Legal fees from employee injuries
Business owner’s policy
A business owner’s policy, or BOP, combines a general liability policy with commercial property insurance, typically at a lower rate than if the policies were purchased separately.
BEST FOR- Customer slip-and-fall injuries
- Damaged customer property
- Theft of business property
Fidelity bonds
Fidelity bonds, also called employee dishonesty bonds, provide reimbursement if one of your employees steals from a client. They are often required by client contracts.
BEST FOR- Employee theft or fraud
- Unlawful data access by an employee
- Illegal funds transfer by an employee
Cyber liability insurance
This policy helps education consultants survive data breaches and cyberattacks. It’s strongly recommended for any business that handles credit card numbers or other sensitive data.
BEST FOR- Data breach lawsuits
- Notification of affected clients
- Fraud monitoring costs
Call Dorsal Insurance today for a quote (786) 601-2485
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