Calculable coverage at low cost
Compared to the damage scenarios, the costs for professional liability are comparatively low. Besides, you have another advantage: Professional liability insurance not only lowers your risk but can also be tax-deductible.
Why do I need to have Liability Insurance?
Every trainer is obligated to be financially responsible for personal injury or property damage that occurs during professional activities. Since your private liability insurance does not come into play in these cases, professional and business liability insurance is a must for freelancers!
Liability insurance has three functions that protect your assets from third-party claims:
First, the insurer's lawyers check whether the claims against you are justified. Was it really a wrong instruction that caused the injury, or was it more the clumsiness of the candidate? And even if you are really to blame - are the claims for compensation in their claimed amount even legal?
Secondly, the insurer will settle legitimate claims for you up to the agreed coverage amount. Amounts of several million euros are common. Think of a permanent physical handicap that will force your customer to give up his job. Lifelong care costs and reduced earning capacity mean costs in the seven-digit range.
Thirdly, if the experts come to the conclusion that you are not responsible for the damage or that the amount of the claim is not appropriate, the professional liability insurer will fight for your rights at its own expense.
What do I need to consider by taking Liability Insurance?
The scope and amount of cover are decisive! In addition, certain inclusions must be taken into account if you have to cover special risks through special training environments (e.g. outdoor specialization, etc.). For your liability insurance with BEAT81, the insurance sums need to be at least 10 million euros!
The professional liability insurance must cover both damages to people caused by errors in training or in the instructions in the fitness program, as well as for their follow-up and ancillary costs. These include above all costs from rehabilitation, further recovery and restoration expenses and, above all, loss of earnings due to cuts in the accident victim's ability to work. This damage is also known as financial loss.
In addition, property damage can occur in the training environment or during individual exercises by the trainer himself. Either at the facility of the training environment, if it is rented for training, for example, or at the clients. Furthermore, the client can also suffer damage due to incorrect instructions on his property, for which the trainer may have to be liable.
Professional liability insurance for trainers can be called differently depending on the insurance company offering it: Special trainer insurance, fitness trainer insurance or sports trainer insurance can also offer sufficient protection against professional risks for trainers.
How do I get Liability Insurance!
The comparison of professional liability insurance for trainers should include all important and relevant tariff models and providers. will take you to an example comparison site to purchase your insurance. This
Please note that you will be asked the following details:
1. Your activity
2. Your key data: Do you work alone? When did you start working as a trainer? When do you want the insurance to start? Do you lease, rent, or own classrooms or spaces?
4. Information about your estimated net turnover (excluding VAT) for one year
5. Further information: Country of registration with your self-employed activity, rejection of insurance coverage by other insurers, awareness of any circumstances or errors that could lead to a claim in the future, etc.
6. Your contact details: Name, address, telephone number
You can take the insurance directly online and have a 14-day right of cancellation.
This is an exemplary overview of the comparison results.
If you have any further questions or need help, please reach out! [email protected]