Art Lessons Business Insurance
Getting insurance for your art lessons business is essential.
Art lessons businesses need to be protected against things like misrepresentation and false advertising claims, personal injury claims, and property damage claims.
For example, an instructor may misrepresent their qualifications to students, or a lesson could go awry and cause damage to your studio space.
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 an Art Lessons Business
General liability insurance is — generally speaking — one of the most important insurance policies for art lessons businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
Many art lessons businesses find that they can benefit from owning several additional policies that supplement their protection, including:
- Commercial property insurance
- Professional liability insurance
- Workers’ compensation insurance
- Commercial auto insurance
When purchasing business insurance, providers are typically divided into one of two general categories for you to pick from:
- Traditional brick-and-mortar insurers: Some of the biggest firms (e.g., CNA and The Hartford) fall into this category, which is categorized by physical storefronts and insurance agents who offer highly tailored policies and assistance to their customers.
- Online insurers: This method is rising in popularity primarily due to the fact that its insurance can match the accuracy and reliability of traditional providers with low prices and high speeds due to the combined efforts of low overheads and AI.
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Cost of General Liability Insurance
The average art lessons business in America spends between $300-$600 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for an art lessons 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.
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Common Situations That General Liability Insurance May Cover for an Art Lessons Business
Example 1: One of your students fails to see a wet floor sign where you have just mopped. She slips, falls, and breaks her arm. She sues your company, claiming that you are responsible for her injuries. The general liability policy you carry will pay for your legal defense, including the cost of a settlement if you settle out of court.
Example 2: A visitor comes to your studio to see the pieces produced by your students. When walking up a short flight of stairs he slips, breaking his wrist. He asks that your business pay for his medical treatment. Your general liability policy would likely cover this expense.
Example 3: One of your competitors claims that you have libeled them in your latest marketing campaign, and you must defend yourself legally. Your general liability policy will pay for your legal costs, including any settlement.
Other Types of Coverage Art Lessons 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 of the most common types of coverage:
Commercial Property Insurance
You have spent a lot on art supplies and equipment. They would be costly to replace if they were damaged in a fire, storm, or another unexpected event. With a commercial property insurance policy, you will have the financial help you need to replace your supplies and equipment so you can get back to doing business.
Professional Liability Insurance
The lessons you give to students to meet your high standards, but that is no guarantee that one of your students will not determine that you have caused harm through your instruction. Professional liability insurance can be tailored to instructors to protect against negligence claims due to mistakes or failure to perform. Were you to be sued, your policy would pay for your legal defense.
Workers’ Compensation Insurance
If you have employees, your state likely requires you to carry workers’ compensation insurance. With this insurance, your employees will have coverage to pay their medical bills to treat work-related injuries. It will also help pay for lost wages while they recover.
Commercial Auto Insurance
If you use a vehicle primarily for business, such as for picking up art supplies, teaching in student homes, and other work-related tasks, you need commercial auto insurance. If you are responsible for an accident, it will pay for damages resulting from that accident as well as a medical treatment for anyone injured.
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 art lessons 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.
Art Lessons Business Insurance FAQ
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.
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.
"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.
Generally, yes. It is quite common for businesses to be legally required to buy certain insurance policies (such as workers’ compensation or commercial auto), depending on their circumstances.
However, even where not legally required, finding the optimal business insurance for your art lessons business before it starts is highly recommended due to how prone to potential risks they can be.
Not necessarily. Certain exceptions may be written directly into your art lessons business insurance policy, and some perils may be entirely uninsurable.
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.