FAQ_category: (HIDDEN) Industry FAQs

Therapists face both clinical and business risks. Core coverages include: 

• Professional Liability (E&O) – Protects you if a client claims your advice, treatment, or care caused harm. 

• General Liability – Covers accidents like slips and falls in your office. 

• Commercial Property Insurance – Protects your office space, furniture, and therapy equipment from fire, theft, or vandalism. 

• Workers’ Compensation – Required in most states if you employ staff; covers job-related injuries. 

• Cyber Liability – Important for therapists using telehealth or digital records, covering costs of data breaches or client confidentiality exposure. 

On average, life coaches pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

Your life coach insurance typically safeguards: 

• Errors or omissions—claims that your guidance caused harm. 

• Accidents during in-person sessions, such as slips or property damage. 

• Privacy breaches, including lost client data or cyber-attacks. 

• Legal defense fees tied to complaints, billing issues, or contract disputes. 

Recovery of equipment or materials used in your coaching practice. 

Yes! Insurance is more than optional; it’s essential: 

• Professional liability is a must, especially if giving advice or direction to clients. 

• General liability may be required if you host in-person sessions or rent office space. 

• Cyber liability gains importance as coaching shifts online and privacy standards become stricter. 

Operating without proper protection leaves you personally exposed to lawsuits or claims. 

As a life coach, your ideal insurance setup includes: 

• Professional Liability Insurance (E & O): Protects against claims related to advice or coaching mistakes. 

• General Liability Insurance: Adds protection for any in-person workshops or if your client visits your office. 

• Cyber Liability Insurance: Covers data breaches or privacy issues from storing client information digitally. 

• Commercial Property Insurance: Protects office equipment, materials, and client resources.