Insurance for yoga teachers as an individual vs a studio
Insurance policies will differ for individual teachers and studios. This reflects the unique risks these types of businesses are exposed to.
- Individual yoga teacher insurance – this insurance is tailored to the needs of freelance practitioners and typically includes personal liability, professional liability and equipment cover.
- Yoga studio insurance – reflects the fact that studios are larger operations. As such, the cover is broader and will often add employer’s liability and premises cover on top of those types of insurance taken out by individual teachers.
Types of yoga teacher insurance
To tailor cover to the needs of yoga professionals, insurance policies usually combine various types of insurance. These include:
- Premises cover – protects against incidents that occur on the business property.
- Equipment cover – covers repair or replacement of damaged or stolen equipment.
- Employer’s liability cover – a legal requirement if you employ staff, employer’s liability covers claims made against the business by employees.
- Public liability cover – protects businesses against claims made by customers or other third parties, usually regarding injuries or property damage.
- Professional liability cover – covers claims that arise due to negligence or errors.