If you want to teach yoga at a studio, then you’ll probably be required to have professional liability insurance as an instructor. Studio owners realize how big of a risk fitness training can potentially create in their place of business. You’ll typically need to have them listed as an “Additional Insured” on your policy, too. That’s because the studio could be held just as responsible for any damages your clients encounter. Learn all of the basics about liability insurance as a yoga teacher, and be ready to make that big step in your career as an instructor.
The Importance Of Having Yoga Instructor Liability Insurance
Any injury a client suffers as a result of your training can potentially become a serious lawsuit. That includes injuries that result from honest mistakes, and it can happen to any instructor. You can be held directly responsible for a client who loses balance during a pose, and the settlements don’t just stop with paying for their medical bills. If your client misses work due to recovering from an accident, then you could get sued for their lost wages as well. Advanced yoga poses can be extremely risky under the right circumstances, and it could turn your successful career into a disaster almost overnight. Liability insurance can help alleviate some of those potential expenses in the event of an accident, and it could help prevent a large financial loss on your part. You can learn everything about your options with this in-depth yoga teacher insurance cost guide.
What To Expect From Your Yoga Insurance
There are lots of great advantages to having a liability policy. Almost anything can happen during your session with a student, and you should look for a policy that gives you great coverage. Even an allergic reaction to incense can turn the tables against you. A person suffering from an existing illness such as an enlarged heart could collapse during your class, and you want to make sure you are going to be covered in those rare instances, too.
The Benefits Of Having Yoga Instructor Liability Insurance
Liability insurance is a necessity for any business, and you are running a business as soon as you take any money from a student. You face all the same risks that any other company faces. It might not happen to you this year, but having a great policy is still worth it. A liability policy helps convey to studios that you are a professional. That makes it much easier to find a great place to hold your classes, and it helps make you look better to your potential clients. Some policies allow you to make a one-time payment to get coverage for the whole year, and certain policies allow you to add lots of “Additional Insured” studios to your policy. Costs can range depending on the amount of coverage you purchase, but most basic policies start between $100 to $200 per year. That gives you a lot of freedom to break into new territories at an affordable price-point, and it’s really convenient for such an important necessity in yoga teaching.
Be Ready When Problems Come Your Way
You never know what’s going to come your way, but being ready for the worst is a great place to start. Be prepared when those rare occurrences happen, and protect your future with the right liability coverage policy. You’ve got so many options, and making sure you’re covered is one of the biggest responsibilities you have. Start the decision-making process today, and you could be a lot better off. It’s all up to you, and now you know exactly why liability insurance is a crucial component of your yoga teaching business.