Nurtritionist Business Insurance
Getting insurance for your nutritionist business is essential.
Nutritionist businesses need to be protected against things like claims of professional negligence, privacy violations, and employment disputes.
For example, your business is found to have accidentally disclosed a client’s confidential information, or a client claims your advice caused them further dietary issues.
We’ll help you find the most personalized and affordable coverage for your unique business.
Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.
Best Insurance for a Nurtritionist Business
General liability insurance is — generally speaking — one of the most important insurance policies for nutritionist businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
There are numerous policies worth considering for your nutritionist business in addition to general liability if you are serious about its protection:
- Professional liability insurance: Helps protect against claims by clients that your advice harmed them.
- Product liability insurance: Helps protect against claims made by clients that one of your products has caused them injury.
- Workers’ compensation insurance: A legally required policy for any business with part-time or full-time employees.
There are two primary groups of insurance providers that you can acquire coverage for your nutritionist business from:
- Traditional brick-and-mortar insurers
- Online insurers
Despite being relatively unknown by comparison, online insurers (such as Tivly and Next) are increasingly preferred by small businesses and startups due to their affordable prices yet comparable quality and reliability.
Find the Right Policy at the Best Rate
We’ve reviewed and tested the major business insurance providers. Let us help you find the best match for your business.
Cost of General Liability Insurance
The average nutritionist in America spends between $350-$750 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a nurtritionist business to other professional industries using the graph below:
Several factors will determine the price of your policy. These include your:
- Location
- Deductible
- Number of employees
- Per-occurrence limit
- General aggregate limit
You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.
A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.
Start an Online Quote for Insurance
Finding the most affordable premium starts with getting accurate quotes from highly rated providers.
Common Situations That General Liability Insurance May Cover for a Nurtritionist Business
Example 1: A client is visiting your place of business for nutrition advice when she slips and falls on some ice outside your door. She breaks her hip and requires immediate medical care. She asks that you pay for her treatment. Your general liability insurance policy would likely cover this cost.
Example 2: Your receptionist is stocking shelves in your store with supplements when she accidentally bumps into a client. The client falls down and hits his head, sustaining a concussion. He decides to sue your business. The general liability insurance policy you carry will pay for your legal defense, including the cost of hiring an attorney and the cost of a settlement if one is required.
Example 3: You have just started using a new logo when you get a letter from an attorney stating that it is too similar to the one used by another business. The other business is suing your company for damages. Your general liability insurance will pay for your legal fees, including the cost of an attorney and the cost of a settlement if you settle out of court.
Check out our review of the Best Small Business Insurance Companies.
Other Types of Coverage Nurtritionist Businesses Need
While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some other types of insurance all nutritionists should obtain:
Professional Liability Insurance
As a nutritionist, you give professional advice to all of your clients. There is always the possibility that one of those clients could claim they were harmed by your advice and recommendations. If they decide to sue your business, professional liability insurance will pay for your legal defense as well as any settlement costs.
Product Liability Insurance
The supplements and other products you sell to your clients are supposed to help them lead healthy lives, but there is always the possibility that one of your products could cause harm—or perceived harm. If a client decides that your product caused him or her harm and sues your business, your product liability policy will pay for your legal fees and cover the cost of a settlement if you settle out of court.
Workers’ Compensation Insurance
If you have employees, chances are your state requires that you carry workers’ compensation insurance. If an employee is injured performing work-related duties, they can get medical treatment for the injury through workers’ comp. The policy will also help to pay for lost wages if the employee cannot work due to the injury.
Commercial Umbrella Insurance
An umbrella policy is designed to pick up where a general liability insurance policy leaves off. There are circumstances where the policy limits of general liability insurance can be exceeded—like if you lose a big lawsuit and must pay significant damages. Instead of having to pay the remaining damages out of pocket, you can rely on your umbrella policy to cover them until the limits of the policy are reached.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.
Here are several things you can do to better protect your nurtritionist business:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
- Stay up to date with business licensing.
- Maintain your corporate veil.
Business Insurance Is the Best Way to Protect Your Business
If you're starting a new business, then you need business insurance. It's as simple as that. The protection offered by an LLC will protect your personal assets, but your business's assets are still open to liability in the case of a lawsuit or other loss.
Be sure that everything you've built is safe by getting business insurance.
Nurtritionist Business Insurance FAQ
Can I buy business insurance online for my nurtritionist business?
Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.
What is included in a business owner’s policy?
A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.
What is the difference between business insurance and general liability insurance?
"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.
Do I need insurance before I start a nurtritionist business?
Yes. While it may seem initially expensive, acquiring business insurance for your nutritionist business before it gets started is one of the most worthwhile investments you can make long term.
Additionally, there are many situations in which failing to do so can actually result in the illegal operation of your business (e.g., where policies such as workers’ compensation are mandated by law).
Will insurance protect my nurtritionist business from everything?
Not necessarily. Certain exceptions may be written directly into your nurtritionist business insurance policy, and some perils may be entirely uninsurable.
Do I need business insurance if I already have an LLC?
Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.
An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.