As a coach, while a large part of your role involves developing the swimming skills of your swimmers, you also have a duty to ensure their well-being and safety.
You can take the greatest care in making sure that you abide by the swimming best practices but it only takes one unfortunate act, error or omission to result in the injury to your swimmer. The consequence of an injury usually results in the payment of compensation, along with associated medical and legal fees.
Unfortunately incidents do occur and they may even be no fault of your own. You may find yourself in the awful position of defending yourself in an inquiry or in a court of law. This can mean incurring significant legal costs. Then if you are found not to be negligent, they are often difficult to recover from the other party.
Even if there is any remote foreseeability of such an event occurring, you should consider Professional Indemnity Insurance.
Professional Indemnity insurance covers your legal liability to third parties where they have suffered a financial arising from a negligent act, error or omission committed by you or on your behalf in the conduct of your professional business activities. In Coaching or Instructing, this usually results in people becoming injured, but can also cover you for allegations that the techniques or methods taught were inadequate causing development or success delays.
Imagine the scenario of turning around one day to find a student floating on water because you were distracted for a brief time. This could lead to brain damage because of a resultant lack of oxygen, requiring on-going care for the rest of their lives. The parent or guardian would no doubt seek appropriate compensation, and that could mean the sale of personal assets such as your home unless these were protected by this type of insurance. The Insurance really seeks to protect your assets in the event of a claim being made against you, ensuring that you are able to carry on with your day to day business.
Limits generally start from $2 million up to $10 million in cover. However, we understand that your role may require a higher limit and we are happy to refer this to insurers for their consideration or seek an excess layer from another insurer.
When deciding on the policy limit, some of the things you may wish to consider are:
• the size of your business
• employee capabilities
• class sizes,
• number of incidents normally reported,
• risk management strategies you have in place
• your risk tolerance.
We will also normally combine Public Liability in with Professional Indemnity Insurance for swimming coaches and instructors to avoid gaps in cover. Injuries and property damage may not arise out of your act error or omission but can be related to the activities of the business creating a grey area which we eliminate as much as possible with a combined liability cover.