Insurance for life coaches and mentors
Secure life coaching insurance quickly and without fuss. We're simply-priced, flexible and upfront.
Easy to buy online
No fees, charges or APR
Change or cancel anytime
Self-employed life coaches and mentors face many risks
Blame for a bad outcome
The expectation of success is entirely on you. Your clients may blame you if their dreams don't come through and may demand compensation.
Client injury on your premises
If you see clients face to face at your premises, there are risks of trips or falls during a session with you.
Damage to your work equipment
If you're using a laptop or computer to store your clients' files, you depend on your work equipment. Could you afford to pay for the repair or replacement?
Something you said is taken out of context
As a life coach you conduct a lot of one on one sessions. If you say something that's taken the wrong way, you may find yourself facing a legal claim.
You need life coach insurance that effectively protects you from accussations of costly mistakes.
Our mission is to see small business insurance done fast, clear, upfront and painless.
Save time by getting a price after four questions.
Get insured anytime. Manage cover from your DIY portal.
Sleep well knowing your cover is backed by trusted UK insurers.
Keep money in your pocket. Pay monthly, no APR or fees.
Pay less when not working by hibernating your PI cover.
Get help when you need it from our Bristol based team.
What insurance do life coaches need?
Choosing the right insurance for you depends on the size and nature of your business. Key insurance covers life coaches should consider include:
Professional indemnity
Provides you with legal defence against unhappy clients demanding compensation for not delivering what you've promised or worse, saying you lost them money.
Public liability
Protects your business against claims of causing an injury or property damage to a third party, this could be a customer or someone visiting your premises.
Electronic business equipment
Pays for repair or replacement of your portable business equipment (and accessories) you need to do your work.
Why do you need life coaching insurance?
Your clients come to you to help them make positive changes to their lives and career. In some ways they put their life in your hands and follow your advice faithfully.
However, assisting with your clients’ life ambitions can sometimes lead to disputes. Clients don’t always recognise the part they have to play in changing their path. As a result they can decide that, if their life has taken a turn for the worse, that it's all your fault. Down to the advice and guidance you provided.
A client pursuing their claim against you represents a problem. In fact a number of problems: legal, financial and reputational.
If your client has hired a solicitor, you’ll need to reciprocate unless you’re skilled in all matters legal. That brings us to the second issue - money. Solicitor fees start at hundreds of pounds per hour and you’ll probably need several hours of their time for the issue to be addressed properly.
In the meantime your reputation might be at risk. Angry clients are looking for ways to vent and might be posting negative reviews about you, jeopardising the future of your business. You’ll need immediate and effective damage control assistance to stop them in their tracks before the situation gets out of hand. Could you do it without help?
Professional indemnity insurance for life coaches
Life coaching insurance should consist of key covers that address the danger of professional advice going wrong and the risk arising out of face to face contact with clients and their property. You may also wish to consider protecting your business equipment.
Professional indemnity insurance for life coaches is a key cover for this profession. It protects life, career and executive coaches and mentors against professional mistakes, accusations of negligence, breach of confidentiality and more.
The price of PI insurance for life coaches is very reasonable compared to the possible costs of situations that could arise. Good PI insurance provides peace of mind that if something goes wrong, you’ll get the right assistance to help you deal with the problem professionally and financially.
In addition Suited PI cover includes a legal extension - Business Legal Protect - that gives you legal assistance in the form of several dedicated telephone helplines to discuss tax, business and also personal matters. The cover also pays for any legal, tax or PR assistance if you face an HMRC enquiry, commercial dispute such as an unpaid invoice by your client or a threat to your business reputation.
Public liability insurance for life coaches
As a life coach or mentor you probably see many of your client face to face at various locations. Accidents sometimes happen and can lead to injuries or property damage. Public liability is designed to shield you from claims from of this nature and pay compensation if you become liable. The cost is usually minimal compared to the average public liability claim.
Suited professional indemnity and public liability insurance is backed up by an excellent insurer and a legal team provided by a specialised law firm should you encounter a situation with your client or a member of the public.
Another useful insurance for life coaches
Most professionals these days own some business electronic equipment such as laptops used to communicate, make notes or hold client data.
If you’re working from home, be aware that your home insurance cover may not extend to your businesses items and activities. Therefore if you are receiving clients at home or rely on certain business equipment that you keep at home, ensure you have adequate insurance.
This goes for any business equipment you carry around while out seeing your clients or travelling on business.
When you decide to protect your business with Suited we want you to get more than just insurance. That's why with every policy subscription we include Business Legal Protect. From the moment you sign up you gain access to extra support services which are all part of our price.
- IR35 & HMRC investigations
- Legal matters concerning your business
- Negative PR (£25,000 cover)
- Criminal prosecution
- Compliance & regulation issues
- Unpaid invoices (over £200)
- Free tax advice
- Free commercial legal advice
- Counselling for you and your staff
- Access to a legal template library
- Identity theft assistance
How much does life coaching insurance cost?
Price depends on many factors including business activity, the cover you choose and the level of protection (also known as the limit). With Suited you can mix and match covers and limits. Below are some cover examples, but you will be able to build your own.
Common questions
Do you need to be insured as a life coach?
It’s not a legal requirement but it is a sensible investment into the protection of your life coaching business.
Do life coaches need to be qualified?
If you wish to arrange insurance with Suited, you need to hold suitable professional qualifications.
Is professional liability insurance for life coaches same as professional indemnity?
Yes, professional liability insurance for life coaches is just a different name for the professional indemnity.
Do I need to submit my qualifications to get life coaching insurance?
Suited only requires you to be qualified but you do not have to provide evidence.
Can I cancel my life coaching insurance anytime?
Yes, Suited insurance works on pay as you go basis.
I have overseas clients, will my work as life coach abroad be insured?
Suited professional indemnity is worldwide but any any contract with or a dispute in the US/Canadian jurisdiction will not be covered.
No problem, with Suited you can flex your insurance as your business evolves.
Save money by not paying extra to change your cover.
No longer need us? Cancel anytime, no more to pay.
The fast and hassle free way to get business insurance for small professional outfits.