Public liability insurance - for physical damage and injuries caused by your business and the products you supply.
Professional indemnity insurance defends you against claims of negligence, breach of confidentiality, dishonesty, libel and slander.
As a specialist, your knowledge is your power. Your clients want to know what you know.
But your knowledge can also cost you dear. Like if someone claims you didn’t pass it on correctly and they lost out as a result.
Trainers’ insurance, coaches’ insurance and instructors’ insurance provides textbook solutions if you’re accused of substandard work or causing accidental damage.
Here are the essentials for trainers’ insurance, coaches’ insurance and instructors’ insurance:
Professional indemnity insurance
When someone points a finger in your direction claiming you didn’t do your job properly, professional indemnity insurance has your back.
Say there’s an accusation you delivered poor IT training and left a client at the mercy of hackers. Or your life coaching steered someone in the wrong direction.
If there’s a claim against you, professional indemnity insurance pays for a legal expert to defend you, and covers any court costs and compensation.
Public liability insurance
This is a must whether you do your job in your own space or in someone else’s. Because accidents happen no matter where, and people and things get hurt.
Perhaps you spill a jug of water over a client’s fancy (and pricey) presentation tech. Or someone you’re instructing trips over your laptop cable and takes an ill-fated tumble.
A claim for compensation can prove a lesson in financial ruin. But public liability insurance picks up the tab for damages and covers legal costs too.
Deciding what level of insurance to get with no previous experience of what a claim involves can be difficult.
One thing you don’t want to do, however, is to find out the hard way just how much a claim can set you back. That means it pays to do your sums in advance.
Think about the worst professional mistake you could make and how much that could cost your client. Then think about someone being badly injured in a mishap linked to your work.
So far, so expensive in terms of potential compensation. Then add in the cost of hiring a solicitor as well as court costs, and you’ve got a hefty bill to pay. Not forgetting you have to find the time to deal with it all.
Having too much insurance never hurt anyone. Having too little did. So, it makes sense to buy as much cover as you can afford.
If you don’t work alone but employ others to spread their wisdom alongside yours, then you need employers’ liability insurance. It’s a legal obligation if you employ staff.
Trainers, coaches and instructors who work from a space they either rent or own may keep some costly kit there. But computers, whiteboards, sound systems and other stuff can get damaged or go missing.
Contents insurance pays for it to be repaired or replaced as new, and covers costs if you have to hire replacements in the meantime. Plus, there’s portable equipment insurance for all the stuff you take around with you, like laptops and phones.
Business interruption insurance kicks into action if you’re unable to work from your usual workplace – because of a fire or flood, for example. It pays for you to set up temporarily elsewhere and covers lost revenue.
And personal accident is a good idea if you want to make sure your business survives you or a key member of staff being put out of action. It covers medical bills and pays compensation.
Everyone here is a trained insurance expert. So, when it comes to trainers’ insurance, coaches’ insurance and instructors’ insurance, we know what we’re talking about.
That means we can advise you on exactly what cover you need, whether you buy online or speak to one of our friendly advisers.
But whichever route you go, you’ll be guaranteed of the same excellent personal service - the proof being our stellar customer feedback and Feefo Platinum Trusted Service Award.
Call us and a real person answers. No call centre, no phone menu, no scripts. Just friendly, helpful advice from a business insurance professional.