Swimming Instructors

Why you should consider taking out Professional Indemnity Insurance

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.

Protection provided by Professional Indemnity

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.

Choice of limits

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.

Latest News

Robert Cooper - one of 100 faces of small business

This week it was announced as part of Small Business Week,  that Robert has been named one of the 100 faces of small business for a State Government promotion on the great value that small businesses play in the State of Queensland.

You can see Robert's entry here:

It is the third accolade for CPR Insurance Services in a month and after seven and a half years in business is a real pep up for the company.

For Robert, it is the culmination of many years experience, becoming well qualified, experiencing the highs and lows of a career and always wanting to contribute to his community. Sometimes, these things just come together and you receive recognition for your efforts.

Robert says that there is no doubt that starting your own business is a huge challenge, but with the right research and planning, the right people around you and a good set of values that you apply to the vision of the company, you have a very good chance of making it all succeed.

Robert says he is lucky. He has a strong supportive Wife, Mandy, who is also part of the business, along with efficient and hard working staff such as Julia McLauchlan and Aidan Harmer who are building up their own skills in a learning environment. 

However, the most important and most supportive people for CPR Insurance Services are our clients who have stuck by us and supported us over the past seven years. Our focus remains on providing the best possible service we can and always acting in their best interests. To all our clients, we say thank you!

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CPR Insurance wins Brokerage of the year

CPR Insurance Services picked up the award for the Best Brokerage (1-5 staff) in Australia, last Friday Night (4th May 2018) at the Insurance Business Magazine Awards held at the Westin in Sydney.

Judging came from various parts of the industry. It is a great honour to be recognised for our hard work and particular Business values we follow. A full list of winners is listed here.

Success comes from having great staff, and we thank Aidan Harmer and Julia McLauchlan as important support staff for helping us win such an award.

CPR Insurance has been in operation for more than 7 years now and is only successful because of the wonderful support from our staff, insurers and most importantly, our fantastic clients who put their faith and trust into our company to be their Risk Advisers and Brokers. 

Thank you to all.

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