If the person is neurodivergent, has a learning disability or is a vulnerable adult due to mental illness, then absolutely. For example almost 80% of people with autism have experienced bullying and victimisation. As autistic people are 10 x more likely to take their own lives than the general population, it should be classified not just as a hate crime but manslaughter.
School bullies over the age of 13 should be expelled, and the parents forced to find alternate/private education. If they can't afford to, then send the little b*stards to Borstals.
In the workplace, where there has been a longstanding repeated campaign of harassment, the aggressor(s) should be fined/assets seized to compensate the victim. Having to give up their car or sell their home to pay damages will soon stop the problem.
I'm reminded of the legal case involving the junior civil servant who was driven almost to suicide by Priti Patel - a 50k fine plus the costs of therapy/medical treatment would have wiped the smug smirk off her face.
The UK has one of the highest rates of bullying in Europe, something's got to give.