Etiquette Training Business Insurance
Getting insurance for your etiquette training business is essential.
Etiquette training businesses need financial protection from personal injury claims, property claims, and other types of risks.
For example, a student could trip over something in your classroom, or a student could claim that you didn’t provide the full number of classes as stated in their contract.
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 Etiquette Training Business
General liability insurance is — generally speaking — one of the most important insurance policies for etiquette training businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
Besides general liability policies, other types of policies can benefit your etiquette training business:
- Workers’ compensation insurance
- Commercial property insurance
- Commercial umbrella insurance
In general, business insurance providers fall into one of two camps: traditional insurance companies or online insurance companies:
- Traditional brick-and-mortar insurers — This type of provider includes many well-known companies like Allstate and The Hartford. These companies have a lot of experience and are a safe choice, but they’re relatively expensive because they use agents to sell insurance from physical offices.
- Online insurers — This category refers to insurance providers that sell policies online using AI. Because they don’t pay insurance agents or have physical branches to maintain, they can offer the same high-quality coverage that traditional insurers do for less. Although these companies are newer, we recommend them for most small businesses.
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Cost of General Liability Insurance
On average, etiquette training businesses in America spend between $350 - $650 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a etiquette training 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 a Etiquette Training Business
Example 1: As you conduct an etiquette class in a client’s home, you trip on a rug in the hallway and fall into a large, expensive painting. General liability insurance would pay to repair or replace the client’s damaged property.
Example 2: While attending an etiquette class in your place of business, a student slips on wet flooring in your restroom, breaks an arm, and sues your company. General liability insurance would pay for your legal defense and any required settlement.
Example 3: A competitor files a lawsuit against your business, claiming you libeled her company. While you’re uncertain what she believes you did that constitutes libel, you want to hire an attorney immediately. General liability insurance would cover your legal defense costs.
Other Types of Coverage Etiquette Training 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:
Professional Liability Insurance
While you know etiquette and how to teach it, there’s always a chance someone might claim your professional services caused them harm. If a client sues your business, claiming you made a mistake or failed to perform, professional liability insurance would cover your legal fees and any required settlement.
Commercial Auto Insurance
Any vehicle you use primarily for business requires commercial auto insurance to protect the vehicle, driver, and others on the road in the event of an accident. Be sure to select a policy that covers not only accident-related vehicle repair costs and medical treatment for anyone injured but also sufficient protection for any business materials you carry in your vehicle.
Workers’ Compensation Insurance
If you have any employees, most states will require you to carry workers’ compensation insurance for both part-time and full-time workers. This coverage protects your employees if they become injured at work or fall ill after a work-related accident. It not only covers an employee’s medical bills and lost wages if they need time to recover but also any disability or death benefits stemming from a work-related accident.
Home-Based Business Insurance
If you run your etiquette training business from your home, you may need this insurance to safeguard your equipment and the space in your home devoted to your business. A typical homeowners insurance policy may not cover business-related items or student injuries in your home if you don’t disclose you use your home for business purposes.
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 etiquette training 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.
Etiquette Training 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.
Yes. We highly recommend obtaining adequate business insurance for your etiquette training business before accepting any students so you don’t expose your company to financial risks.
Local laws also may require various types of business insurance, such as workers’ compensation, in order to operate legally.
Not necessarily. Certain exceptions may be written directly into your etiquette training 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.