Home » Education Consultants Insurance
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.

  • 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.

    • 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 at 786.601.2485

Categories: Blog

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

©2024. All rights reserved. | Powered by Zywave Websites