Yoga Teacher Insurance

Yoga has grown enormously in popularity in recent years, attracting a diverse range of practitioners and driving demand for well-qualified and experienced teachers. As with any business, yoga teachers must mitigate business risks and protect themselves financially. Yoga teacher insurance covers individuals and organisations for a range of accidents, incidents and other eventualities, ensuring you can continue to earn a living from your chosen profession.

 

What is yoga teacher insurance?

Yoga teacher insurance is designed specifically for yoga professionals, covering risks unique to the sector and general business concerns. It protects against accidents and incidents resulting in injuries, illnesses or property damage while helping cover legal fees, medical fees and other unforeseen financial costs.

 

What businesses benefit from this type of insurance?

Yoga businesses take many forms, from freelance practitioners to large wellness centres. Policies can be tailored to meet the needs of each of these businesses.

 

  • Freelance yoga instructors – individual yoga teachers work independently and offer private sessions in various locations.
  • Yoga studios – a business that typically owns premises dedicated to yoga. It may employ several instructors.
  • Leisure and fitness centres – many leisure centres now offer yoga classes alongside other activities.
  • Yoga retreats – businesses that organise yoga classes, workshops and programmes in relaxing environments.

 

shows people practicing yoga - yoga teacher insurance

 

The benefits of having insurance

Yoga teachers benefit from tailored insurance in the following ways:

 

  • Financial protection – insurance protects yoga teachers from potentially disastrous financial costs that arise from workplace accidents or incidents.
  • Long-term sustainability – insurance ensures you can continue trading in the event of an accident or incident, guaranteeing the long-term feasibility of your business.
  • Business reputation – yoga teacher insurance enables you to handle claims quickly and professionally, protecting your reputation in the process.
  • Access to work – some employers will require yoga teachers to have their own insurance before they allow them to use a space or work in a particular studio.
  • Peace of mind – running a business can be stressful. Insurance provides you with peace of mind, allowing you to focus on those aspects of your work that really matter.

 

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.

 

shows people doing yoga poses - yoga teacher insurance

 

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.

 

Do I need yoga teacher insurance?

While yoga teacher insurance is not a legal requirement (unless your business has employees, in which case you need employer’s liability insurance), it is highly advisable. Though risk mitigation is central to any sustainable business, accidents do happen. Appropriate insurance ensures that these accidents do not spell the end for your business.

 

How much does yoga teacher insurance cost?

The cost depends on the size, nature and location of your business. Other influential factors include whether the business has employees, the types of yoga you practise and how many classes you offer a week. Freelance yoga teachers will pay considerably less than large yoga studios and policies can be tailored to your needs to ensure cover is cost-effective.

 

Get covered with Park Insurance

At Park Insurance, we use our extensive expertise and considerable experience to help you find the perfect insurance policy. By creating bespoke insurance policies that reflect your business needs, we enable you to protect your financial future without breaking the bank. Our generous policy limits and flexible payment terms mean we are customer-focused and accommodating.

 

For more information and a no-commitment chat with one of our advisors, contact us today or use our online form below to get in touch.

    Get a quote now