When you also have equipment or operate from an office
All Basic plan benefits and:
Commercial Property insurance covers your building, whether owned or rented and its contents from a covered loss such as damage from fire, flood, theft, vandalism, and natural disasters. It pays for the repair of the building and its contents or replacement of the damaged property like your computers, tables, chairs, and signs outside your property.
General Liability insurance protects your business and your employees from claims involving property damage, third-party personal injury, advertising mistakes and other covered risks up to the limits of the policy. The insurance will shield your business from attorney fees, court fees, medical fees and judgments awarded by courts.
Umbrella Insurance is a type of insurance that is designed to protect your business from major claims and lawsuits that your existing insurance policies won’t be able to cover. It also covers situations and policies that other policies don't cover because their limits have already been reached.
Professional Liability (E&O) insurance protects your company against claims that your professional services made a client suffer financial harm. This could be either due to mistakes are done by your business or because you failed to meet the contract. This insurance will pay for the defense and legal fees when your business is involved in a covered risk.
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.
Below are some examples of risks language schools can face:
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:
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