Since coaching is not regulated as a high-risk type of activity, not many life coaches carry malpractice liability insurance. Coaching is a positive and proactive way to help people achieve results. Clinical counseling on the other hand often deals with life-altering or life-threatening situations and carries a significantly higher risk for harm to the client, which is why most counselors are required to carry malpractice and liability insurance. Not so for professional coaches. However, if you would rather be safe, there is no harm done in checking into malpractice insurance.