Why Yoga Instructors Need Insurance

There’s nothing flexible about whether or not yoga instructors should have this important coverage. Find out why yoga teacher insurance is a must have.

As a yoga teacher, you’ve got a lot to balance. Managing schedules, keeping up with new trends, marketing to prospective clients, and holding on to old ones are just a few of the tasks that fitness professionals like yourself have to think about. Not to mention the more administrative side of your business.With all the costs you face as a business owner, you may be wondering if something like insurance is necessary. However, as with any physical fitness service, yoga comes with inherent risk. For this reason, it’s incredibly important for you to have the right protection in place for you and your business.

In this article we’ll be taking a look at some commonly asked questions about yoga insurance, such as:

• Do you need yoga insurance?

• How much is yoga teacher insurance?

• What is the best insurance for yoga teachers?

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3 Common FAQs About Yoga Insurance

Do you need yoga insurance?

Whether you teach freelance classes, run a yoga studio, or teach classes out of one, it’s definitely important to have a good yoga insurance policy. While it may not be a legal requirement where you are, the relatively low cost of a good insurance policy far outweighs the potential costs of a lawsuit held against you by a disgruntled client, even if you aren’t at fault.

In fact, many people will be more wary of taking classes by uninsured teachers and studios, causing you to lose out on potential business.

Pro tip: Many yoga teachers display their certificate of insurance in a public place, making their clients feel safer and keeping them from having to ask for proof that they are insured. This practice is much like how organizations using youth sports management software prominently display their usage of such technology. This software not only helps to efficiently manage different aspects of youth sports, but also fosters transparency and trust amongst the players' parents and guardians. It's all about providing peace of mind and ensuring safety in what they partake.

Here are some examples of common accidents that an insurance policy could protect you from:

Example 1: Say you aren’t enforcing a policy on keeping the entrance of your studio tidy from shoes and other clutter. If a client trips on someone else’s shoes and injures themselves before a yoga session, they could hold you liable for hospital bills and even loss of income.

Example 2: If you’re teaching yoga classes online, you can’t be there to physically support your class. This poses different risks than in-person classes, especially during particularly difficult exercises. If someone gets hurt and believes you’re responsible for their injuries, it could result in a lengthy legal process that may cost you out-of-pocket without the correct insurance policy.

How much is yoga insurance?

While prices can vary for how much your yoga insurance policy will be, it’s certainly going to be cheaper than having to undergo a long and costly legal battle at your own expense.

However, there’s no one size fits all answer to how much your yoga insurance policy will be. It can depend on a number of factors, such as:

• Your claims history

• The location you’re teaching from

• Whether you’re a freelancer, work for a studio, or head your own yoga practice

• The number of employees you have, if any

• Whether you’re teaching online or in-person

With all these and other factors at play, it’s impossible to say just how much your policy will be. However, most yoga insurance coverage policies range from around $150 to $400 per year, or $13 to $34 per month.

All things considered, this is a small price to pay for the peace of mind that comes from knowing that you’re protected in the event of any claims brought against you.

What is the best insurance for yoga teachers?

While certain yoga instructors may need different policies, here are three common insurance policies that yoga instructors should consider bundling into their coverage:

Professional liability insurance

This useful policy covers legal fees and damages in the event of someone taking you to court for financial compensation, such as lost wages, should they not be able to go to work due to an injury sustained in one of your classes.

General liability insurance

This type of liability insurance protects against any claims brought against you regarding bodily injury or property damage that happened during one of your classes.

Contents insurance

This insurance policy protects you from having to pay out-of-pocket to replace any of your professional equipment, such as yoga mats, if they get stolen, broken, or destroyed.

Are you looking for flexible coverage to suit your unique business needs? APOLLO Insurance has you covered with simple solutions that make getting coverage a breeze. Start the process today to get your personalized policy emailed directly to your inbox in minutes.

Need Insurance for Your Small Business?

APOLLO and Gallagher have partnered to provide insurance designed for businesses and business professionals. Get a free quote online in under five minutes and receive your policy instantly.

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