- General
Do Endurance Coaches Really Need Insurance Coverage?
Do Endurance Coaches Really Need Insurance Coverage?
Coaching is a rewarding pursuit, but one that does come with some risks as you start to grow and expand you athlete roster.
Insurance is a must if you are doing in person coaching, or camps but it also provides peace of find and a level of protection for coaches with a fully remote model. Liability Insurance safeguards you against legal action if one of your athletes is injured or harmed while working directly with you. This coverage can help protect your from costly bills and expenses (we also recommend forming an LLC for your business to provide further protection and separation from you personal finances and assets).
So what does liability insurance provide to a coach?
Policies typically cover a set level of costs and scenarios that insurance your business (and you) are covered if you face the uncommon but very unfortunate situation or being sued by an athlete.
Factors to consider when deciding on liability insurance.
-The Type of Sport you are coaching
-Will you be meeting up with your athletes in person and providing coaching services
-Will you hold camps or clinics
-Where you will be coaching
-Potential risks associated with your sport
Even if you are coaching as a hobby you will still want to ensure your protected from risks and liabilities.
We carried out quite a bit of research for our US based coaches, to find a provider who understand the health and fitness industry, provided flexible coverage and at a cost effective price. Our preferred and recommended provider is Alternative Balance. They have a range of options which they will help you determine based on your unique coaching situation and cover the following areas:
-General & Professional Liability
-Damage to Premises rented by you
-Personal and Advertising Injury & Defense. Costs
-Medical Expenses