Professional Indemnity Insurance for Coaches and Mental Coaches

We use the term Professional Indemnity Insurance for coaches and mental coaches as an umbrella term to reflect the consistent focus of the insurance on activities as a consultant. Professional Indemnity Insurance includes the following components:

Professional Indemnity Insurance

Our Professional Indemnity Insurance for coaches and mental coaches essentially consists of two insurance modules. The most important module, which insures the professional risks of the consultant, is the Financial Loss Liability Insurance.

Since the synonym Professional Indemnity Insurance is also used for the Financial Loss Liability Insurance for the protection of liberal professions (such as architects, lawyers, auditors, etc.), consulting liability can also be described as Professional Indemnity Insurance for consultants.

General Liability Insurance

Professional Indemnity Insurance for consultants also covers personal injury and property damage that may arise from the operation of an office or a consulting firm. This insurance module is called General Liability Insurance (GLI). General Liability Insurance is an integral part of Professional Indemnity Insurance for consultants, but it can also be deselected if, for example, previous insurance already exists.

The Professional Indemnity Insurance from exali provides you with comprehensive protection in the event of financial loss, property damage or personal injury. This includes, for example, consulting errors, legal violations or written warnings. With the optional additional modules, the protection of the Professional Indemnity Insurance for Coaches can be individually adapted and extended.

In Professional Indemnity Insuracne, the sums insured or insured sums refer to the maximum amount that the insurer is obliged to pay in the event of a claim.

Since companies, self-employed and freelancers, as well as private individuals, are in most cases liable without limit, a specific sum insured cannot be determined or calculated. The risk for the insurer can be calculated by agreeing abstract maximum limits, known as sums insured. In other areas, such as household contents insurance, the maximum loss (= the entire household contents at replacement value) can be quantified very precisely. In this context, the term sum

In liability insurance, the sums insured are often shown individually for personal injury, property damage and financial losses. However, the insurer can also provide a flat-rate sum insured or sum insured, e.g. for personal injury and property damage.

The notice period is one month to the end of the insurance year. exali offers a minimum term of one or three years (with a 10 per cent discount). If the one-month deadline is not met, the contract is automatically extended by a further insurance year.

However, a special right of cancellation exists in the following cases:

• Increasing contributions without adjusting benefits (this does not include adjustments due to an increase in turnover or the loss of the start-up discount)
• Loss of occupation (e.g. a freelancer changes to a permanent position)
• After a claim has been settled
• If contributions have been overpaid, these will be refunded on a pro-rata basis.

If you have suffered damage, you should first of all remain calm and not act rashly. Contact our experts from exali customer care. You can reach us by telephone on +49 (0) 821 / 80 99 46 - 0 or by email at: info@exali.com. Together we will discuss the further procedure with you and prepare all the information and forward it to the insurer.