What is yoga insurance?
Yoga is designed to bring inner peace, and physical strength, to its practitioners. As a yoga teacher, you play an important part in helping people realise that within themselves.
However, this doesn’t mean the art is without its accidents. With any physical activity there is the risk of injury, and yoga is no exception. But while this is all part and parcel of the profession, the last thing you want is to be stuck with a hefty bill related to a claim made against your business.
That’s where yoga insurance comes in. Yoga insurance is an umbrella term covering a range of different policies that can help protect your business from the financial strains of such situations.
At the heart centre of your yoga insurance package will be public liability insurance. This is for times when a third party – most importantly your clients – suffers an injury or property damage due to your business activities.
» COMPARE: Public liability insurance
Complimenting public liability insurance is professional indemnity insurance. This form of insurance is for times when a client may accuse you of causing personal financial loss because of professional negligence on your part, such as giving them bad or improper advice – this could include instructions during a class that they say caused them an injury.
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Meanwhile, if you have any employees that are not members of your family or based abroad, then you are legally required to take out employers’ liability insurance. This is for if an employee falls ill, or suffers an injury, due to their work.
There may also be yoga equipment you want to cover through tools and equipment insurance. You might even have business premises, such as a yoga studio, that you want to protect through business buildings and contents insurance. And if you sell any products at your studio, you should consider product liability insurance too.
You should also check if you need business car insurance, which will be required for proper protection on the roads if you are driving to multiple places of work.
Of course, you are just as at risk of injury as your clients. That’s why many yoga insurance packages also include personal accident cover. This can help with lost income and medical costs if you were to get hurt, be it at work or elsewhere.