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Liability Insurance for Wellness Professionals
In this episode, Hailey Rowe and Miriam Ball with Alternative Balance® discuss liability insurance. Alternative Balance®, a membership-based group, supports health, beauty, and wellness professionals with liability insurance and business growth resources. The organization has over 14,000 members and offers general and professional liability insurance, business personal property coverage, and participant accident coverage.
By listening to this episode, you’ll learn why it is crucial for professionals to have insurance to protect against lawsuits related to bodily injury, property damage, and professional advice. The insurance also covers cyber liability and can be purchased without general liability if needed.
In this episode, you’ll learn…
- The importance of having liability insurance as a health coach, life coach, or other online wellness professional
- What is liability insurance and how does it work?
- The difference between professional liability insurance and general liability insurance
- An example of how liability insurance can protect you and save you money from expensive legal costs
- What you need vs. what you don’t need in your liability insurance policy
- What is cyber liability insurance?
Quotes from the episode
- “The founder, Kim Henderson, was a Reiki practitioner herself, and she had a hard time finding the right insurance for her services, and so she kind of took the reins and said, this has got to be easier. There’s got to be a better way. And so she made it happen, and here we are, 25 years later, with over 14,000 members.”-Miriam Ball
- “Even if you’re not ultimately held responsible for those injuries or that damage, you still have to pay an attorney to defend you. You have to understand what the laws are in your state, in your local area, and that gets expensive, really, really fast.” -Miriam Ball
- This is important to anyone who is giving any kind of bodily advice or anybody who’s giving any life advice or things that could be potentially misinterpreted. I think that in today’s world, it’s really important to create awareness around this. Because we all know… have a contract, have an agreement, but a lot of times we don’t really think about the insurance
piece.” -Hailey Rowe
About Alternative Balance®
Alternative Balance® is dedicated to offering an affordable benefits package to professionals and students across the nation, designed to bolster and foster growth within the alternative health, beauty, fitness, and wellness industries.
Their mission is to provide comprehensive business insurance and essential business tools tailored specifically for professionals in these fields. With a service portfolio encompassing over 800 areas, including fitness instructors, yoga instructors, nutritional consultants, life coaches, health & wellness coaches, beauty professionals, massage therapists, and ayurvedic practitioners, Alternative Balance® ensures that both in-person and online (live streaming and pre-recorded) service providers have the protection they need.
Members gain access to exclusive virtual business enhancement workshops, customizable templates and waivers, discounts on business services, marketing support, educational resources, and more. They also benefit from opportunities to engage with a community of over 20,000 like-minded professionals, allowing them to promote, network, and showcase their work effectively.
Links & Resources
- Alternative Balance® Website
- Alternative Balance® Instagram
- Alternative Balance® LinkedIn
- Alternative Balance® Facebook
- Work Smart Marketing Club
- What You DO & DON’T Need to Get Your First Paying Clients
- Starting Your Coaching Business: How to Stay The Course
