Over 800 searches are made every month regarding what the best insurance for yoga teachers/instructors is. In response, Google Search is giving them over 100 million search results.
If you are one of the instructors who already understand why every yoga teacher needs yoga insurance coverage, I’m sure you will be pretty confused in finding the right answer on Google right now.
We assessed the situation and decided to give you exactly what the best insurance for yoga teachers is.
It’s no longer news that one can make a living as a yoga teacher irrespective of the economic impact of the pandemic on business.
But for you to do that sustainably, you need the right yoga insurance coverage. Sometimes, you might even need a crash course on yoga liability insurance to be sure you are in line with the industry best practices.
It doesn’t matter how hard yoga instructors work to teach safe yoga styles, injuries are bound to happen. Oftentimes, it is not the fault of the yoga teacher but that of their students who dare to practice unreasonable yoga postures that are unethical.
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Why do I need a yoga teacher insurance policy?
Looking at the rising number of yoga injury-related lawsuits in court and how these things have impacted on yoga teachers psychologically and economically, it will be in your best interest as a yoga instructor to get liability insurance coverage.
Emergency rooms of most hospitals are filled with yoga students who sustained injuries as a result of pushing extra hard beyond the instruction of their yoga coach.
Lawsuits can be quite expensive and the worst part of it is having your reputation dragged to the mud because your yoga student went against your instruction. You need insurance to protect yourself and your yoga business.
The exact type of yoga insurance coverage that you need
The two best insurance policies for yoga teachers in 2020 are general liability insurance coverage and professional liability insurance coverage. Some of them come with additional benefits depending on the insurer you choose to use.
For a yoga insurance quote to be considered a nice deal, it should be affordable, (not cheap) and should come with stolen equipment coverage, identity protection, a professional website, and no membership fees. A good yoga insurance policy goes beyond covering for the liability.
There are insurers whose yoga insurance policies cover up to 350 styles of yoga in addition to all the benefits we mentioned above. Their yoga insurance rate is also affordable.
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Important factors to consider when choosing best insurance as a yoga teacher
- Only choose a yoga insurance plan that covers the type of yoga you teach. Read between the lines to be very sure that all yoga styles are covered.
- Choose a yoga insurance plan with at least $2 million in liability coverage per occurrence in case a serious lawsuit comes up in the future.
- Always do not forget to ask for recommendations from friends and colleagues.
- Shopping around for your insurance needs as a yoga instructor has always proven to be a great decision when you want to choose the right insurance plan.
Have you gotten value by knowing the best insurance for yoga teachers in the United States, Canada, the U.K., Australia, etc? Share this article on social media.
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5 Factors That Will Have an Impact on Your Yoga Insurance Costs
Do you desire to have an inexpensive yoga teacher insurance? If you are looking for the best insurance as a yoga instructor or for your yoga studio, here are some factors that can impact your insurance costs.
- Sports and fitness services offered: The sports and fitness services you offer play a role in what your premium will be as a yoga instructor.
- Business equipment and property: What are the business equipment and property that you use in your yoga studio? The more expensive they are, the more your yoga insurance cost will be.
- Revenue: Your revenue has a huge role to play in yoga insurance costs.
- Location: If your yoga studio is located in a highly commercial city like New York, you will likely pay more in your yoga insurance cost than your competitors in less busy places where yoga training isn’t very popular.
- The number of employees: The number of employees working in your yoga studio has an impact on your yoga insurance costs.
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Health Insurance for Yoga Teachers/Instructors
All it takes to take away your source of livelihood as a yoga instructor is one minor injury, illness or lawsuit. Therefore, you need health insurance coverage especially for the fact that majority of them work as independent contractors.
If you are working in a yoga studio where they are other instructors, all of you can team up together to get a group health insurance cover at an affordable rate. Some health insurers can also offer extended health care cover, dental coverage, life insurance, and short- and long-term disability.