How does insurance for training providers work?
All the cover you need while training in one simple policy
As a training provider you will be responsible for delivering first class training and advice to your clients to develop them through learning, all the while providing a professional and sound service. Because the nature of your business often causes significant impact on your clients and their businesses, your Training Providers Insurance needs to protect you should they make a claim against you for any advice or service that you give should they believe it to be negligent and have caused them damage in any way.
All of The Insurance Octopus’ personalised business insurance policies are designed to be flexible, ensuring that you can add or remove any extra covers that you need to provide all of the essential cover in one, simple insurance policy. We can put together a bespoke Training Providers insurance policy that suits the exact needs of your business.
What a Training Providers insurance policy includes
PI insurance for training providers
Professional Indemnity insurance is a key element of cover to ensure you stay protected if mistakes are made or have been claimed to have been made in the process of any training you provide. PI insurance will protect you and/or your business against any financial or trading loss that may be caused. Professional Indemnity cover limits are available from £50,000 to £10m.
Employers’ Liability insurance
Employers Liability insurance cover is required by law if you have one or more employees. Standard Employers Liability cover is £10m and will protect you as the employer against claims from your staff should they be injured or become ill because of the work they do for you.
Public Liability insurance
Public Liability cover protects you if a customers or a member of the public is injured, or their property is damaged. Public Liability insurance protects you against the cost of repairs or any legal proceedings that could be filed against you. Standard levels of cover are available from £1m to £5m, with additional levels of cover available upon request and subject to insurer’s terms and conditions.
Legal expenses cover
Protect your business against the costs of defending legal action with legal expenses cover.
Business Interruption, Personal Accident, Offshore Working and more can all be added to your policy as required. By having flexibility with your Professional Indemnity business insurance policy through The Insurance Octopus, you can make sure your insurance is just what you will need.
Why you need Training Provider insurance
Because your business provides a professional training service, your clients have an expectation of receiving expert guidance and a good advice. If the training that you give is deemed to be insufficient or negligent, then they could make a legal claim against you.
As a training provider, your services can shape a business and its people significantly, meaning that the potential cost to your business if a claim is made can be high. As well as any resulting legal expenses there could also be compensation costs to pay if a claim against you is successful, both of which could be detrimental to your future success.
The Insurance Octopus can find options for adding additional covers as required to ensure that you receive a business insurance package specifically tailored to your business needs. By working with a selection of UK insurers who provide the widest choice of PI insurance, we’ll help get you and your business protected in no time. It couldn’t be easier to get covered.
Protect your training business against claims such as those claiming mis-advice or mis-service.
Specialising in PI cover
We find cover for a variety of trades and occupations, including Training Providers Insurance, and are specialists in providing Professional Indemnity Insurance which means you will get a bespoke policy that ensures you only pay for the cover that you need the most.
Flexible payment terms
In most cases, we can source your business insurance and documents on the same day (subject to time of day restrictions). We also offer a range of flexible payment options, including Direct Debit to help you spread the costs of your cover. Get in touch with us today for more information.
Why choose The Insurance Octopus?
We proudly make buying insurance different and source cover that comes with a range of benefits.
Up to £5 million of cover
Claims can be expensive, that’s why we source insurance that offers up to £5 million worth of public liability cover. With more available upon request.
Simple specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
A specialist who knows your industry
We’ll connect you with an agent who is a specialist in your field. They understand many of the challenges you face, and can truly get to grips with the type of cover you need.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.
Types of professionals we can find cover for
Get Business Insurance off your to do list
Help protect and grow your business with tailor made business insurance through The Insurance Octopus
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