Life Coaches insurance

What is life coaches insurance?

To help your clients achieve their goals and ambitions, you need a clear head. Our insurance for life coaches offers you the peace of mind and coverage to remain at your best, even when the unexpected happens and a claim is made against you. As a specialist insurance company with more than 25 years’ experience, our policy has been designed by experts to offer you comprehensive protection.

Why do life coaches need insurance?

Even when you clearly communicate the potential outcomes from your advice, some clients may be unhappy with the results. They may take legal action against you for what they see as an inadequate service, so you it makes sense to protect your life coaching business from disputes that may arise.

Like any consultancy or client-focused business, your reputation is a valuable asset. Therefore, having an appropriate level of professional indemnity insurance to protect against these kinds of scenarios is vital.

Our insurance for life coaches can protect you from the unexpected, including allegations of professional negligence, causing injury to a third party, or accidentally damaging property in the course of your business.

What does life coaches insurance cover?

Life coach insurance provides you with wide-ranging cover to safeguard you and your business should an incident occur. Cover available includes:

• Professional negligence – Managing expectations is perhaps the most challenging part of any client relationship. If a client is unhappy with the outcomes,  our professional indemnity insurance for life coaches can cover the legal costs and compensation in defending your business.
• Breaches of confidentiality – If you unintentionally breach a client’s confidentiality in the course of your business, they may take legal action against you. Professional indemnity insurance can cover the legal costs, as well as compensation that may be payable to your client.
• Damage to third-party property – If you accidentally damage a client’s property during a meeting (for example, spilling a cup of coffee over their laptop or smartphone) public liability insurance can cover the defence costs as well as any compensation payable.

How to arrange your insurance for life coaches

Arranging insurance for your business with Markel is easy. Simply take a few minutes to answer questions about yourself and your business to receive an online quote.

You’ll be able to tailor your policy to suit your requirements and you’ll receive your policy documents – including proof of insurance – via email after you purchase your cover with us.

How much will it cost?

Life coach insurance starts at £5 a month with Markel. However, costs may vary depending on the level of cover that you require.

*Price based on a life coach requiring £25,000 of directors and officers insurance.