Insurance for training providers
Secure professional indemnity insurance for training providers quickly and without fuss. We're simply-priced, flexible and upfront.
Training providers face many risks
Accusations of causing an injury
As a training provider you face potential lawsuits brought against you by clients if your instructions lead to an accident.
Something you said is taken out of context
As a professional trainer you spend a lot of time with your clients. You may say something that's taken the wrong way and you’re facing a legal claim.
Compensations claims for bad advice
Your clients look up to you, rely on your advice and experience. If they feel you’ve failed to deliver, they might feel entitled to compensation.
Damage to your work equipment
Most of us live online, using laptop, ipad or computers to document and store all our work data. Could you afford to pay for the repair or replacement?
You need insurance for trainer providers that effectively protects you from accusations of wrongdoing.
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What insurance do training providers need?
Choosing the right insurance for you depends on the size and nature of your business. Key insurance covers training providers should consider include:
Professional indemnity
Provides you with legal defence against claims of mistakes, failing duty of care, or saying the wrong thing.
Public liability
Protects your business against claims of causing an injury or property damage to a third party.
Electronic business equipment
Pays for repair or replacement of your portable electronic equipment (and accessories) you need to do your work.
Why buy professional indemnity insurance for training providers?
As an independent training provider you are very much in the business of giving advice for living. And it is exactly this aspect of your profession that could land you in hot water with your clients.
Often training providers mistakenly assume that just because their advice is not directly connected with their client’s financial affairs that they cannot be sued for money. As a result they dismiss this type of insurance as a waste of money.
The truth is that those in the teaching or training profession face many types of claims that can prove very costly. It’s not just the threat of having to pay compensation but more importantly the legal costs associated with rebuffing an accusation.
What does professional indemnity insurance for training providers cover?
It could be something as innocent as cracking an ill considered joke that can lead to a claim against you. More commonly your skills may be called into question when the aspirations of your clients do not materialise and they feel they’re entitled to compensation.
Professional Indemnity Insurance for training providers covers you when a client alleges your error, negligence or bad advice entitles them to a financial remedy.
What type of training is covered?
It would be hard to give a complete list. Your area of expertise is relatively unimportant. You could be providing any or a mixture of the following :
- Training consultancy
- Business training
- Computer training
- Secretarial training
- Management training
- First Aid training
- Apprentice training
As well as other disciplines mentioned above. One of our clients is using his lifelong skills to teach motorbike fixing skills. Motorbike enthusiasts don’t just like to ride, they also like to fiddle with machines and knowing how is rather important.
How does professional indemnity insurance for training providers work?
The most important element of this cover is the legal defence that will be on hand when you are accused of a professional error. An experienced legal representative will advise you very early on what steps to take to minimise the impact on your business.
All the costs are paid by the insurers on your policy. The legal team works with the insurers closely to ensure that the approach they choose is fully covered. You just need to follow their advice.
Should you find yourself having to pay something to your client, the amount will be covered by the insurance but no more than the policy limit. It is therefore important to consider carefully how much professional indemnity insurance you need.
If we take the client who teaches fixing motorbikes as an example, he selected one of the higher limits. He is aware that if his advice leads to a motorbike accident, a possible payout could be substantial.
Do I need any other insurance?
That depends on your exact type of training but public liability insurance can be useful. If you’re reliant on your business equipment to deliver your training then that is a consideration too.
Public liability insurance is designed to protect you against claims of causing accidental injury or property damage. When we say accidental, it means unrelated to the advice you give as part of your business.
It could be something like a trip or fall over the equipment you set up for the training. If you’re using your own or hired premises, there are always risks. Not just to your clients but possibly your clients causing damage to the hired equipment or premises. You might be liable for the cost repair or replacement.
If your business equipment is essential to what you do and you would financially struggle to replace or repair it then insurance is a good backup plan.
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 insurance for training providers 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
Must I have professional indemnity for training providers?
It’s not a legal requirement but it is a sensible investment into the protection of your business. If you are a member of a regulatory body, it might be a membership condition.
Do training providers need to be qualified?
If you wish to arrange insurance with Suited, you need to hold suitable professional qualifications or experience.
What is the difference between professional indemnity and public liability cover?
PI insurance protects you against financial claims as a result of professional mistakes while public liability defends you if you have accidentally caused an injury or property damage.
Do I need to submit my qualifications to get trainer provider insurance?
Suited only requires you to be qualified but you do not have to provide evidence.
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.