If you are looking for insurance for your coaching business you may have come the SMART place.
Wherever you operate in Australia, if you are a coach and want to protect yourself and your business with suitable and affordable professional indemnity and public liability insurance we may be able to assist.
Coaching business activities we may be able to cover with business insurance
We may be able to assist in sourcing professional indemnity and public liability quotes, costs and cover for a wide range of coaching activities including those listed below:
- Business coaching
- Executive coaching
- Lifestyle coaching
- Health & Wellness coaching
- Work / life balance coaching
- Stress management coaching
- Relationship coaching
- Lifecycle or life stages coaching
- Career coaching
- Workplace coaching
- Sports coaching ( We may be to assist with sports coaching insurance. For information relevant to sports coaches please click here.)
Key risks facing coaches in their day to day work in Australia:
Examples of risks which coaching businesses such as Business / Executive/ Lifestyle Coaches face include :
- allegations of poor advice or inappropriate advice provided;
- allegations of exceeding professional boundaries;
- failure to deliver on promised outcomes or results or misunderstanding on what the outcomes of coaching would be;
- poor decision outcomes on part of clients acting on your recommendations or counselling;
- accusations of bullying, anxiety as a result of working with coaches;
- breach of confidentiality, privacy, discrimination;
- fraud and dishonesty
- client relying on ‘advice ’not intended to be relied on by the coach.
Possible features of professional indemnity insurance cover for coaches*
- Specific policy which meets the needs of Business / Executive/ Lifestyle coaches;
- Cover for claims for compensation made against Business / Executive/ Lifestyle coaches;
- Cover for defence costs incurred in defending such claims for compensation;
- Broad cover for claims against allegations you breached the intellectual property rights of others, breached the Privacy Act or a breach of any confidentiality duty owed by you;
- cover for claims alleging fraudulent or dishonest conduct (cover only for the innocent party);
- defence costs cover if you are brought before any regulatory body or disciplinary body;
- cover for any defamation claims made against you. (This is only a summary - you must refer to the wording for full scope of cover).
Professional indemnity insurance for coaches
Limit of Liability options: $1m, $2m, $5m, $10m available
Public liability insurance for coaches
Limit of Liability options: $10m or $20m limits available
How much does insurance for coaches cost?
$1m Professional indemnity insurance for coaches starts from $500 per annum or $45 per month on an annual policy.
Combined $1m Professional indemnity insurance and $10 m public liability insurance for coaches starts from $850 per annum or $80 per month on an annual policy.
Coaches business insurance quote
We talk to coaching business owners all over Australia and provide suitable and affordable coaching business insurance quotes for them every working day.
Our friendly insurance brokers will be happy to assist you on 1300 542 573 or firstname.lastname@example.org. You'll receive considered advice and responsive service.
1300 542 573
TALK to a SMART Business Insurance adviser
*Important: Cover may be available subject to meeting insurers underwriting criteria. Some of the covers listed may or may not be available or may have limitations or exclusions. Cover inclusions vary significantly from insurer to insurer. DO NOT rely upon the above. Check your policy schedule carefully for inclusions and exclusions and limitations .Talk to a SMART business insurance broker on 1300 542 573 for more information.