Why Tutors Need Insurance
In this article, we’ll explore why tutors need insurance, the main types of insurance tutoring businesses require, and what’s typically covered. You’ll learn why general liability and professional liability insurance are essential, and how the right business insurance provides peace of mind so you can focus on students.
What Insurance Tutors Need
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General Liability Insurance
Also called commercial general liability, this insurance can provide coverage for client and third-party claims of property damage, personal and advertising injury, or bodily injury. -
Professional Liability Insurance
Clients can sue you for negligence alleging that your errors led to their financial loss. Professional liability insurance can help protect you. -
Additional Insurance
If tutoring is your main occupation, it’s also a good idea to take out personal accident and sickness cover for financial security if you’re unable to work.
Types of Insurance for Tutors
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Public Liability Insurance
Covers any property damage or injuries to students while under your supervision. -
Professional Indemnity Insurance
Protects against claims due to providing poor advice or incorrect information. -
Employer’s Liability Insurance
Necessary if you have employees to cover illnesses or injuries related to their work.
Insurance Options for Tutors
While private tutoring can be a hugely rewarding occupation, unfortunately things can go wrong. Effective insurance coverage is crucial to protect your finances and your business from unexpected situations.
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small tutoring businesses ranges from $27 to $39 per month based on location, size, payroll, sales and experience.
Starting a Tutoring Business
If you’ve considered a tutoring business, you may wonder about licenses. We’ll explore requirements to start a tutoring business. Whether supplementing income or sharing knowledge, this guide will help you start your tutoring business.
Personal Safety and Insurance
Tutoring may seem low-risk, but dangers exist. Protect yourself and your finances with proper insurance. Recommendations here will help safeguard you.
Protecting Yourself as a Tutor
An insurance policy can protect you in instances of personal injury, safeguarding your career. Considering public liability, professional indemnity, and other business insurance is essential for safeguarding your tutoring business.