Sales coaches often work independently, though some start a full-fledged consulting firm. Whichever option you've chosen, you need comprehensive business insurance. This is protection for you, your business, and your employees if you have them. Sales coach business insurance typically includes general liability, business personal property, workers' compensation, and additional coverage options designed to meet your unique risks.
General Liability insurance is protection from everyday accidents. Whether a person is physically injured or you damage something at a client's location, these issues can become expensive when handled directly. If someone blames you or your company for what happens, insurance pays for it so that you won't have to.
Claim Example: You're in the middle of a training seminar at a client's location, and you throw your arms up to emphasize something. Accidentally, you knock over a piece of the client's equipment that is quite expensive, and it's damaged. Your general liability policy is made for this. It pays for repairs, replacements if needed, and any other potentially expensive fallouts.
Business Personal Property (BPP) protects your business assets. Anything physical that your company owns--like computers, training materials, and office furniture--can be damaged or destroyed by a number of things. Fire, flood, theft, even severe weather events. And when that property is damaged, you need a quick and affordable way to replace all of those assets.
Claim Example: Suppose you rent office space for coaching sessions. You simultaneously use the space to store essential equipment. An electrical fire sparks, and it ruins everything you have stored there. Training manuals burn to ash, computers melt, and furniture gets heavily smoke damaged. BPP pays to replace those items.
Workers' compensation insurance provides critical coverage for sales coach businesses, protecting employees who might get injured or become ill on the job. It pays for the medical bills that arise from the injury or illness. It also pays if the employee needs rehabilitation services. And if they're out of work for awhile during recovery, it pays them the wages they would have lost.
Claim Example: A member of your coaching team is setting up equipment for an upcoming workshop. They slip on a freshly polished floor and injure their knee. They need immediate emergency medical care and they need multiple specialsts to fix the injury. They also need physical therapy, and the recovery is going to take a good six month. Workers' comp will pay them partial wages during that time, and take care of the related medical and recovery fees.
Beyond standard coverage, sales coaches often benefit from additional insurance protection tailored specifically for their business:
It might sometimes seem like all insurance providers are the same, but we beg to differ.
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