What sort of liability insurance does one need for a sole proprietor educational services business?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Hi! You will need Errors and Omissions Insurance. This is basically a liability insurance policy that covers you, your employees and the company from claims of inadequate or negligent work.
In addition to E&O insurance, you may also need general liability and commercial auto insurance.

If you have a physical office and travel from location to location, general liability insurance will cover you in the event of a client or vendor being hurt while working on your job. A commercial auto policy will cover you if you are specifically using your vehicle for business purposes.

Last but not least, if you are planning on having employees, you must also have worker's compensation insurance to limit your liability if an employee is hurt on the job.

I hope this helps!
6 people found this useful

What sort of liability insurance does one need for a sole-proprietor HVAC Repair business?

(CGL) Commercial General Liability The type of insurance you need is called "Commercial GeneralLiability" also sometimes referred to as "Contractors LiabilityInsurance" As an

When starting a home watch service business do you need to be bonded or have liability insurance?

Answer . Yep, You have to have insurance for everything. To be more specific, you need two types of insurance for a Home Watch business. You need general liability and you ne

If you are a sole proprietor in a service industry do you need to get bonded?

This depends on your business classification and your local business statutes. If you determine you do need to be bonded, contact your local insurance agent and buy an insuran

Does a sole proprietor need to have a business license?

Let's start with the basic business license question:. Most cities and/or counties may require that if you are starting a business you will need to first acquire a business l

Can you be a sole proprietor in one business and form a llp in another business?

Yes you can have as many of both as you want, just make sure the liability of one business will not wipe out all the rest in case of a potential litigation down the road. Als

What kinds of liabilities are sole proprietors subject to?

Sole proprietors are fully and personally responsible for all theirbusiness debts. If the business begins to fail, the owner has to dowhat the have to by all means to pay outs

What is the Average cost of general liability insurance for sole proprietor businesses?

It is not possible to state an "average" cost, as too many variables are involved. For example, the cost of GL coverage will vary by the nature of the business that you are in

What sort of liability insurance does one need for a sole-proprietor landscape business?

1. General Liability - including products / completed operations 2. Pollution Liability - for the use & application of pesticides, fertilizers, and other chemicals. Often can

How can a sole proprietor expand his or her business?

There are a number of ways a sole proprietary can be expanded. First, a sole proprietor can opt to change the legal structure of their business, to an LLC or S-corp, for examp

What does it mean for a sole proprietor to have unlimited liability?

If someone is injured, either physically or financially, and theproprietorship is found to be liable, the victim can go aftereverything the proprietor owns, including his hous