Professional Indemnity - Life Coaches

There may not be a laid down definition of life coaching, however the broader strokes would involve the following aspects. A life coaching expert will help the aspirant fill the gap between what he is and what he aspires to become. Help the candidate remove the mental blocks, negative thoughts in order to remain positive and productive. The life coach focuses on overcoming the emotional behavior of an individual in order to focus rationally on the work at hand. The life coach therefore shapes the future of the individual and there are chances that he/she may be privy to a lot of personal information of the client. The client usually follows what you as a life coach tell him/her to do. When the client is successful it is fine, however when the client does not find success, that is when the trouble begins. Some of the candidates might even feel cheated by the course and take legal recourse; life coach indemnity insurance is the only way to safeguard against such litigation.
Many of the candidates that you have coached would have benefited, those few who did not may take a legal recourse for compensating the loss for the wrong advice that you may given or the training which did not bear any fruits. Though their claims might be baseless and have vested interest, however you would have to defend yourself. Defending can take off a lot of finances from your savings. At such trying moments you should not be found looking at making the financial arrangements. At such times of crisis, it is important to focus on the case at hand. Life coach indemnity insurance allows you to focus on the legal proceedings rather than worry about the finances. This insurance is the financial safeguard from unwanted loss due to litigation. When you do not have to worry abut the finances you can go full blast in defending yourself in court.
The life coach indemnity insurance indemnifies you from the losses due to litigation against you for reasons like, breach of duty, any claim of defamation, inaccurate advice, loss of data or documents in your possession. The insurance helps you navigate the financial difficulty by helping you with monetary assistance during the out of court settlement of a claim, expenses for legal proceedings and in case the final verdict is against you, payment of the claim. The extent cover offered to you will be a function of the amount of the contract and the client you are catering to. The risk involved in the work that you do is also an important factor in determining the premium payable.

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