Liability insurance for yoga studios

As a yoga teacher or studio owner, do you have the right kind of yoga insurance? Do you have any insurance? Whether you teach part-time or run a full studio, it’s imperative that you have good insurance coverage specifically for your line of business, yoga teaching.

Fortunately, there are several yoga insurance providers. It’s also good to know that yoga insurance isn’t terribly expensive. You can usually get decent coverage for around $200 a year, unless you have a fairly large studio.

This article is divided into two sections. The first lists yoga insurance providers. The second section sets out questions and considerations to make before purchasing insurance.

A. 6 yoga teacher and studio insurance providers you can check out are as follows:

  • Health and Welfare Idea Association;
  • Plus Benefits of Yoga Journal;
  • Sports and Fitness Insurance Corporation;
  • IMA Group Inc.;
  • AYIO Insurance Center; Y
  • internal idea.

B. Considerations before hiring yoga insurance:

  • Is affiliation to any particular association necessary? What other benefits does membership offer?
  • Does the insurance policy require me to be certified by Yoga Alliance?
  • As a yoga instructor, does insurance protect employees and independent contractors or just you as a yoga instructor?
  • How much is the premium? Shopping around. Get what best suits your needs.
  • What is the aggregate annual coverage?
  • What is the maximum dollar amount of coverage for a single claim?
  • Are you insured outside your country? Think about the retreats you give each year.
  • Does the insurance policy cover you outside of your yoga studio?
  • Think carefully about all the styles of yoga that are taught in your studio and that you instruct. You want to make sure all styles are secured.
  • See how many students attend your classes. If you teach large classes, let your insurance provider know to make sure everyone is covered. Some insurers only cover up to a certain number of students per class.
  • Do you offer collateral services such as massage therapy and/or Pilates? If so, make sure these services are included in the policy.
  • Place all the accessories you use: swings, blocks, boosters, etc. and ask if they are all covered. Aerial accessories may not be insured.
  • Is there a deductible? If so, how much?
  • Are attorney fees included in case you are sued? Are there cases where attorney fees are not included?
  • Make sure you understand the procedure for making a claim. Specifically, when you should claim or notify your insurer. This is important because if you don’t give notice when you should have, you could be violated, which means you’re on your own, including attorneys’ fees.

What type of policy do you need?

  • Liability for injuries
  • Property
  • professional responsibility
  • advertising responsibility
  • product liability
  • Premises Liability
  • sexual harassment

Due diligence

Please read the coverage exclusions carefully to ensure that no activity or aspect of your yoga teaching/yoga studio is not insured.

If you have the funds, hire an attorney and/or insurance broker to evaluate the yoga insurance policies you’re considering purchasing. These professionals will be able to tell you specifically about the best policy for your needs and situation.

Don’t put your business and your students at risk by not spending a couple hundred dollars a year on insurance. Remember, it is more for your student’s protection than your own.

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