Insurance for Yoga Teachers

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.