Life Coach Insurance: Cost & Quotes From $11/month

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Updated: March 30, 2025 . 7 min read

Written by Ofir Sahar

CEO & Founder

Ofir Sahar

CEO & Founder

Some of the products on this page come from partners who may compensate us when you click on their links or take specific actions. This helps us keep our content free. That said, our opinions are our own and based on independent analysis.

 

As a life coach, you accompany your clients on the journey towards realizing their victories and transforming their challenges. Still, this pursuit can serve you a handful of punches. 

That’s where business insurance for life coaches comes in. This specialty insurance product is meant to help life coaches manage the professional challenges they face. 

In this article, we’ll cover the various types of life coaching and insurance policies that you must consider, their cost, and some of the best providers offering life coach insurance coverage for your business.

Life Coach Liability Insurance 

Even in a low-risk field, you are still held responsible for what you do and for what happens as a result of your business.

With general liability coverage, your practice is covered if a client claims they were injured while on your premises. Further, life coach liability insurance will be sufficient if you were to damage a client’s property during an in-house consultation. 

This kind of business insurance for life coaches caters to all legal fees arising from all third-party claims for bodily injury or property damage. Real-life situations where the general liability insurance steps in are when: 

  • A client claims you spilled a soft drink or coffee on their PC while at a consultation 
  • A client slips and falls while on the premises of your business 
  • A faulty electric wire within your establishment causes a fire that damages your neighbors’ property 

 

A basic general liability policy for life coaches and career coaches covers medical expenses and provides reimbursement for losses. Note that this inclusion in personal coaching insurance will also cover copyright infringement, libel, or slander claims. 

 

Limits Of General Liability Insurance for Life Coaches

Minimum Limit
Third-party bodily injury and property damage coverage $300,000-$2 million
Products and completed operations  $2 million 
Advertising and personal  injury coverage $1 million 
Rented premises liability coverage $250,0000

Business Owner’s Policy for Life Coaches 

If you are working with a tight budget, consider bundling your property coverage with general liability coverage. The new cover is referred to as Business Owners Policy (BOP) and is the most cost-effective way to get both these policies and business interruption insurance.

Limits Of Business Owner’s Policy for Life Coaches

Minimum Limit 
Per bodily injury and property damage coverage $1 million per occurrence

$2 million aggregate 

Products and completed operations  $2 million 
Advertising and personal injury coverage $1 million 
Rented premises liability coverage $50,000
Medical payments  $5,000
Business personal property  $10,000

Professional Indemnity for Life Coaches 

As a life coach, you are expected to maintain a level of professional standards. Unfortunately, there will be situations where you’ll be sued for negligently performing your duties, even when it was an innocent mistake. 

If you have professional liability insurance for life coaches, you are more aptly able to respond to them. 

Also called malpractice insurance for life coaches, this policy covers the legal expenses, settlements, and other costs when a claim is filed for negligence, inaccurate advice, violation of good faith, violation of fair dealing, and other issues with your work. 

Limits Of Professional Liability Insurance for Life Coaches

Amount
Per occurrence limit  $250,000-$2 million 
Aggregate limit  $250,000-$2 million 
Coverage limit for punitive damages  $250,000

 

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Workers Compensation Insurance for Life Coaches

Most states require businesses to purchase a policy that’ll cover medical costs and lost wages. That way you need workers’ compensation insurance. This type of life coaching insurance will cover these costs if an employee sustains a work-related injury or disease:

  • Medical treatment
  • Hospitalization
  • Medication
  • Rehabilitation
  • Lost wages
  • Death benefits 

Cyber Liability Insurance for Life Coaches 

Further, suppose a threat actor hacks into your computer and accesses private and confidential information about clients.  This cyber event could take a significant toll on your practice, seeing as you have to cater to the costs of managing the threat and informing the client. 

If you were to purchase cyber liability insurance, you are assured that the costs that arise from said cyber attacks and data breaches are covered. 

 

Life Coach Insurance Cost 

General liability insurance for life coaches cost $40 per month or $480 per year. This will have a $1 million per occurrence limit with a $2 million aggregate. 

Cost Of Other Insurance for Life Coaches

You will pay $48.16 per month or $577.92 per year for a $1 million professional liability insurance for coachesCommercial property insurance will cost $45 per month or $540 a year for a $110,000 building coverage and $15,000 contents coverage. 

Business owner’s policy will cost $41.03 per month or $492.36 per year. Inclusions are $1 million general liability insurance and $10,000 commercial property insurance. 

Finally, you will pay $128 per month or $1,536 per year for a $1 million cyber liability insurance. 

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Best Life Coach Insurance Companies 

Here’s a breakdown of the best liability insurance for life coaches offered by leading companies. Read to know their pros, cons, and rates for a $1 million general liability insurance.

 

NEXT 

NEXT insures life coaches through its insurance program for adult education businesses. Policies you can avail are general liability insurance, workers compensation insurance, commercial property insurance, and professional liability insurance. You can upgrade to add terrorism coverage in the terms of general liability insurance. 

Average cost: $20.67 per month

Our rating: 10/10

Pros

  • Best overall
  • Get an online proof of insurance and send as a text message, email, or social media post
  • Fastest general liability insurance
  • Great customer service and reputation
  • Outstanding value for money
  • Bundle two or more life coach insurance policies and get a 10% discount 

Cons

  • Couldn’t find any 

CoverWallet

CoverWallet’s life coach insurance offers general liability, commercial property, workers compensation, and a business owner’s policy. 

This company’s general liability insurance for life coaches has a $1 million per occurrence limit with a $2 million aggregate. The policy also has a $5,000 medical payments coverage, $2 million products and completed operations coverage, and $250,000 rented premises liability coverage. 

Average cost: $25.41 per month

Our rating: 10/10

Pros

  • Compare life coach insurance quotes over the phone
  • Get covered online
  • Call anytime and cancel your policy
  • Competitive rates 

Cons

  • Not an insurance company but an insurance broker 

Tivly® 

Tivly® doesn’t state that it covers life coaches, it has consultant insurance. Therefore, the company might provide coverage for your business since both are closely related fields.

 Policies you can avail from this company are general liability, workers’ compensation, commercial property, professional liability insurance, and more. 

Average cost: $28 per month

Our rating: 10/10

Pros

  • Compare life coach insurance quotes over the phone
  • Responsive customer service
  • Call and get covered online
  • Can refer you to partners if it can’t provide coverage 

Cons

  • You need to call to get a quote 

Hiscox 

This top-rated provider has an extensive understanding of the niche field, that is life coaching. This means that if you were to work with this carrier, you would be able to tailor your coverage for the specific risks your business faces. 

Average cost: $32 per month 

Our rating: 9/10 

Pros

  • Hiscox has an easy online  insurance application
  • Prospective policyholders can purchase and manage their policies online 
  • Flexible coverage with room to make policy changes 
  • Policyholders can tailor their insurance for a custom insurance policy for your business 

Cons

  • BOP is unavailable in most states 

Thimble 

Thimble has a career coach insurance program, which life coaches can also avail. Policies included are general liability, workers compensation, and commercial property insurance. 

Thimble offers a pay-when-you-play structure which means that you only pay for your life coach insurance when in practice. This on-demand model makes their policy affordable, especially for life coaches who only practice part-time.

Average cost: $38 per month

Our rating: 8/10

Pros

  • Policyholders can cancel their policy and get a refund at any time 
  • An unlimited number additional insureds can be added to the policy 
  • ACORD 25 certificates of insurance 
  • Quick to issue life coach insurance quotes 

Cons

  • Customer service is not available over the phone 

 

About the author

Ofir Sahar

Ofir is the founder and CEO of Insuranks. He established Insuranks in 2019 from scratch and has been running educational insurance websites since 2009 on a mission to help businesses...See full bio.

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