Insurance for Yoga Teachers

Your guidance helps your clients find calm and inner balance. The right insurance could help you find greater peace of mind too!

Why do Yoga Teachers need insurance?

Yoga teachers face many unique risks on top of the everyday hazards that come with running a small business. These risks can stretch your bank accounts to the breaking point, bruise your professional reputation, and take the joy out of being a business owner. At their worst, they could even put you out of business.

Insurance for yoga teachers can make it easier to go with the flow when something goes wrong. Whether it’s handling a client injury, riding out an unexpected business interruption, or dealing with a professional negligence claim, insurance can help you continue with business as usual.

Did you know?

If you lease commercial space for your yoga studio, you may be required to have Public Liability* coverage and show proof of insurance when you sign a lease.

What Insurance do Yoga Teachers need?

Insurance can help yoga teachers keep their businesses strong and flexible. You might consider policies such as these for your yoga business:

Professional Indemnity*

Your students and clients value your expansive yoga knowledge and may ask you for advice on how to practice at home. But what if you accidentally give them the wrong information or they misinterpret your recommendations? Though you meant no harm, these types of events can lead to claims of negligence, no matter how unfounded.

Professional Indemnity insurance covers losses claimed by a third party due to actual or alleged negligence in your professional services or advice. This cover will also help you pay the legal fees associated with responding to or managing claims that are covered by your policy.

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Public Liability*

As a yoga teacher, you may hold classes in lots of different locations. This can create liability risks, whether you’re teaching in a public park, at a corporate office, at someone’s home, or in your own studio.

Public Liability insurance covers you if a third party claims that your negligent business activities caused them property damage or personal injury that is not covered by the ACC. This includes covering your defence costs and costs of fixing the situation.

Working closely with your clients may lead to expensive injury or property damage claims. Even a simple accident, like a student tripping over a poorly placed yoga block and getting injured by the fall, could result in you paying compensation to them. Lawsuits can also come from other members of the public, such as delivery people or an onlooker.

Business Insurance*

Business Insurance is a convenient way to provide cover against a range of risks that you could experience as a yoga teacher. A Business Insurance package can be customised to the unique demands of a yoga studio or private yoga instructor, plus the everyday needs of running a small business.

Yoga teachers might consider adding coverages such as these to their Business Insurance package:

Business Interruption*

If the unexpected forced you to put your yoga practice on pause, could your business survive? Interruptions to business as normal can put your business in limbo for days, weeks, or months. And even though you’re losing income, some bills (like wages or rent) don’t stop just because your business has.

Business Interruption insurance covers loss of income due to an interruption to your business following an insurable event, such as a fire or property damage. These policies can also help your business recover by paying ongoing expenses (such as rent or wages) and some of the increased costs of doing business (like renting a temporary studio space or relocating your business).

What events can cause a Business Interruption claim?

A Business Interruption claim can be caused by events such as:

Extreme weather (i.e., storms, lightning strikes, hail, or floods)
Fire damage
Flooding caused by burst, leaking, or overflowing pipes
Theft or burglary
Glass breakage
Accidental or malicious damage

What is typically NOT covered?

Business Interruption coverage typically does not apply to:

Undocumented income
Voluntary closures
Losses caused by changes in legislation and labour strikes
Losses beyond the indemnity period

Portable Equipment*

You might encourage your yoga clients to disconnect from technology, but that doesn’t mean your business can! If you rely on a laptop or mobile phone to run your yoga business, it could be a big deal if they are lost, damaged or stolen.

Portable Equipment insurance covers loss and damage to your tools and equipment due to theft, fire and other perils listed in the wording. This coverage applies anywhere in New Zealand.

Property (Contents)*

If you run your own yoga studio, you might want to consider protecting the stuff you keep inside the building. Your equipment (like mats and yoga blocks) and furniture in the waiting room could be expensive to replace. Broken fixtures, such as mirrors or windows, can also leave you with a costly bill. You may even have stock that could be a large revenue loss if it were damaged.

Property (Contents) insurance covers loss of or damage to items such as business equipment, stock, fixtures and fittings, furniture plant and machinery, and records belonging to you at the insured location.

*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.

Need Help?

Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals.

You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents.

Insurance for Yoga Teachers