Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Umbrella Policy adds an extra layer of protection to professionals if a serious event or cumulative claims exhaust your current policy limits. It also covers you for events that would otherwise be excluded from your other policies.
Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused somebody financial loss. PLI covers your legal defense costs, damages and settlements.
Why do Language Schools need insurance?
These establishments provide lessons and instruction necessary for learning a new language. Training may vary from conversational skills to intensive training courses.
Language schools need insurance because the future of your students relies on your school. If there is a mistake in the language you are teaching then your school will be held liable for it. And when you are faced with a lawsuit, expect to spend a lot of time and money, even if the claim seems groundless. Your insurance will pay for the cost of defending a claim and the judgment awarded by the court so your business and personal assets are protected.
What risks do Language Schools face?
Below are some examples of risks language schools can face:
How much does the Language School insurance cost?
The cost of insurance for language schools will depend on the coverage needed for your business and other factors. Without taking these into account, below are some average costs of needed insurance policies: