4 Yoga Teacher Insurance Plans to Know About

Summary

Running a successful yoga practice requires proper training and the right insurance protection to back up your business. This article will outline various yoga teacher insurance policies on the market, plus the different types of liability coverage, what to consider before purchasing, and additional insurance options to explore. 

Types of Yoga Teacher Insurance Coverage

No matter how much care, caution, and preparation you put into every yoga session, there’s always a possibility things won’t go the way you planned—which is where yoga teacher insurance comes in. Here, we outline the differences between the basic types of coverage to help you get a better understanding of what’s included in each. 

General liability

This particular liability coverage is only for injuries sustained on your property but outside of your professional instruction, such as slips in the bathroom or trips over equipment. General liability coverage can also cover you in the event your clients sustain property damage while attending your business, any reputational harm you incur due to their claims, or damage to your rented property. 

Professional liability

This type of yoga teacher insurance can protect you against claims should any of your clients sustain an injury while following your instruction. Whether it’s a twisted ankle, a pinched nerve, or any incident that may require treatment or surgery, professional liability can help cover any associated medical costs. Professional liability will also cover any claims of misrepresentation or negligence against your business. 

Product liability

If you sell products at your studio like fitness bands, weights, or medicine balls, product liability insurance will cover any injuries that occur due to defective items. It can also cover allergic reactions to any snacks you provide or cleaning products you use to disinfect your studio. 

[CTA_MODULE]

4 Insurance Plans for Yoga Instructors

Beware of cheap yoga insurance that seems too good to be true – inadequate coverage can end up costing you more than investing in a comprehensive policy. Below is a list of some of the best yoga instructor insurance plans you can get for your business. 

1. beYogi Insurance

BeYogi Insurance is a popular choice for yoga instructors, with a selection of plans designed to fit full-time, part-time, and student teachers. They offer general liability and professional liability policies, which will cover both bodily harm and property damage at $2 million dollars per occurrence, with a $3 million dollar annual aggregate. BeYogi Insurance will also handle personal injury and non-physical injuries (like defamation or slander) for up to $2 million, along with identity theft protection up to $25,000. Their protections also extend to livestreaming and pre-recorded yoga sessions. 

BeYogi Insurance offers an annual rate of $169 for part-time instructors (teaching less than 10 hours per week) and $179 for full-time instructors. For a two-year yoga teacher insurance policy, the rate is $334, while student teachers can purchase a year for $60. 

2. Alliant YogaPro

Alliant YogaPro’s insurance policies offer both individual teachers and studios with general and professional liability coverage, with $1 million dollars for each claim and a $2 million dollar aggregate, or $2 million dollars each claim with a $4 million dollar aggregate. Alliant YogaPro will also cover HIPAA fines and penalties, medical/first aid expense payments, legal liability for fire and water damage, plus deposition fees and expenses. 

Alliant YogaPro has several pricing options for full and part-time teachers. Part-time teachers can pay either $115 or $134 per year, while full-time teachers (working nine or more hours per week) can expect rates around $125 and $146 per year. 

3. Alternative Balance Insurance

Yoga insurance through Alternative Balance includes both general and professional liability, with $2 million dollars per occurrence and a $4 million dollar aggregate, including personal and advertising injury and defense costs. They’ll cover up to $2 million dollars of damage from products you use during your sessions (though this does not include products you sell). Alternative Balance will also cover up to $300,000 in rented property damage, plus up to $5,000 in medical expenses. With an Alternative Balance plan, you can customize your policy by increasing the included $10,000/$10,000 business personal property and business interruption coverage (up to $325,000), and by adding protections for cyber liability. 

Alternative Balance Insurance’s Professional Membership Base Plan costs $269 per year. However, add-ons and extras may increase the cost anywhere from hundreds to thousands of dollars. 

4. NACAMS Insurance Plus

The National Association of Complementary and Alternative Medicines (NACAMS) offers comprehensive plans for a variety of fitness professionals, including full-time, part-time, and student yoga teachers. They provide professional and general liability coverage with $2 million dollars per occurrence, and $3 million dollars annually (plus a $2 million dollar yearly personal injury and advertising aggregate). You’ll also get coverage in all 50 states, including online classes, and an identity protection plan up to $25,000. 

NACAMS offers full-time plans for $179 per year, or $329 for a two-year plan (and $60 per year for student teachers).

Additional Insurance Options to Consider

Aside from your basic yoga studio insurance, there are some additional insurance options to consider if you have a larger business or are looking to expand: 

Business Owners Policy (BOP)

A BOP rolls your general liability coverage and commercial property insurance into one convenient policy. The exact events a BOP covers vary depending on the insurance company and the type of plan you purchase, but it will typically provide all the coverage of your general liability and property policies, plus protection against income loss and operational interruptions due to incidents like fire, power outages, restorations, or theft. 

Workers’ Compensation

Workers’ comp is an essential yoga teacher insurance policy to have if your business employs a staff, even if that staff is composed of a single employee. In fact, every state in the United States (excluding Texas) mandates businesses provide workers’ comp to their employees. Workers’ comp will cover any medical expenses or lost wages for your staff should they get sick or injured on the job. 

Considerations Before Acquiring a Yoga Insurance Policy

Before you sign up for a yoga insurance policy, there are a few things you should consider: 

Assess your specific insurance needs

Small yoga businesses or part-time teachers may not need all the same insurance coverage as larger studios or full-time teachers. You can help reduce your insurance costs by assessing your business and determining which specific policies will provide the most benefit. For instance, if you’re a yoga studio that relies on a lot of machinery or gear to provide challenging sessions, you might want to consider a more robust professional liability policy. Or, if you don’t sell any products or gear (or only teach classes online), you may not need such comprehensive product liability coverage. 

Calculate your budget

Cheap yoga insurance may be tempting, but it can end up costing you and your business more in the long run if it doesn’t provide valuable enough coverage. If you can afford to invest in a more comprehensive plan, it may be worth it to shell out for a better policy. Better safe than sorry! 

Determine if you will need online coverage

You should still invest in insurance coverage even as a virtual yoga teacher. Without an instructor there to physically guide them, clients are at higher risk of suffering bodily injuries – and just because it didn’t happen on your property doesn’t mean you bear no responsibility. Always read the fine print of your policy, and never assume your standard insurance coverage will extend to the digital space. 

Compare multiple providers for the best coverage

Thoroughly investigate each policy and its benefits, particularly what it does and doesn’t cover, along with the flexibility of each plan (like whether there are add-ons, customization options, or lower rates for part-time teachers). Compare each of these policies so that you can make the most fully informed decision when it comes time to choose the best yoga instructor insurance. 

Look for additional discounts and member benefits

Some insurance companies offer reduced premiums when you bundle with other protections, become a VIP member, or earn certain yoga certifications. Rates will vary depending on the company, and some reductions may be for a limited time only. 

[CTA_MODULE]

GlossGenius: Your Ultimate Partner in Managing Your Yoga Career

Yoga teacher insurance isn’t federally mandated, but it can be a true lifesaver when it comes to protecting your brand. With the right policies in place, you can avoid personally paying out of pocket or bankrupting your entire business to pay for any claims or lawsuits that may arise. Insurance can be expensive, but it’s a worthy investment when you consider the potential cost of covering someone’s medical bills, replacing their property, or needing to defend yourself in court. 

It’s also important to note that if you work as an employee at someone else’s yoga studio, they’ll more than likely require you to purchase coverage (even if they have their own yoga studio insurance). 

GlossGenius is the number one software to simplify your business operations and optimize efficiency. With less time spent on administrative duties and other minutiae, you can focus more of your efforts directly on your clients. Features like Online Booking can get customers on the books in seconds, no sign-ups or logins required. Send automated confirmations and reminders with Client Management, so that your customers never miss an appointment. And with Finances, you can get through tax season no sweat with our expense tracking and payroll management features. 

Check out how GlossGenius can boost your business with our Yoga Studio software.

Disclaimer: This information is provided for general educational purposes only. For legal, cybersecurity, or compliance advice specific to your business or situation, please consult a professional.

‍

‍