What Insurance Policies do Yoga Studios Need?

As a yoga teacher, it’s your job to help your students leave refreshed, relaxed, and reinvigorated. However, running a yoga studio may leave you feeling the exact opposite! There’s probably a lot on your mind, including worry about potentially costly claims and lawsuits.

Insurance for yoga teachers and studios is one way to help remove this concern from your mind. Different types of yoga insurance can help protect you against risks unique to yoga studios and ones that are part of running any business.

Why do yoga studios need insurance?

There are many reasons why yoga teachers and studio owners buy business insurance. Here are a few:


It may be required
Some types of insurance may be required to do business. For example, commercial landlords commonly require Public Liability to lease their space. If you are renting studio space from someone else, you might be asked to show proof of insurance before signing the lease.


Your students might expect it
Knowledge and experience are important qualities in a yoga teacher, but students often look for professionalism too. Business insurance can play a part in how they view you and your studio. Insurance coverage shows that you value your business and professional reputation and that you’ve taken steps to protect it, your employees, and your students.


Claims can be expensive
Yoga studios face various risks that could lead to costly claims or lawsuits. Compensating a student for an injury, replacing damaged property, or repairing a broken window can all be expensive. Insurance helps ensure that events like these and others don’t drain your bank accounts.


It can make business less stressful
No matter how careful you are, accidents and mistakes are bound to happen. Business insurance could help you run your yoga studio with less stress. You’ll know that if the unexpected does happen, you won’t be left to handle expensive repairs, lawsuits, or claims alone.


What types of yoga insurance do I need?

There are many types of insurance for yoga teachers that you might consider as a studio owner. Depending on your studio’s needs, you might get:


Professional Indemnity*
Your students value your yoga knowledge and may ask you for tips on how to practice at home. However, accidentally giving them the wrong advice or them misinterpreting your instructions could lead to a negligence claim (even an unfounded one).

Professional Indemnity insurance offers important protections for businesses that provide specialist services or professional advice, like yoga studios. It responds to claims against your business for losses resulting from actual or alleged negligent acts or omissions in the provision of your service or advice. A Professional Indemnity policy will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.


Public Liability*
Your yoga studio is a place of calm and relaxation. But it could also be the site of accidents and injuries, no matter how peaceful you try to make it! Slip and fall injuries are a common concern—whether it’s a student tripping over a mislaid yoga block or a delivery person slipping in spilled water—and a potential source of expensive claims.

Public Liability insurance is designed to protect you and your business if a customer, supplier or member of the public sustains property damage or is injured (and not covered by the ACC) as a result of your negligent business activities.


Business Insurance*
Another source of potential insurance claims is your studio and everything inside it. Fire, flooding, and extreme weather could damage your building, equipment, and retail stock. You might also want protection against break-ins, theft, and unplanned business interruptions.

Business Insurance is a coverage package designed to provide cover for your commercial premises and business contents, stock, and tools when an insured event occurs (such as a storm, fire, theft or accidental damage). Your Business Insurance policy may include protection against events such as:

  • Business Interruption – Covers loss of income due to an interruption to your business following an insurable event and helps you recover by paying ongoing expenses (such as wages or rent).
  • Contents – Provides cover for loss of or damage to items such as business equipment, stock, records, fixtures, fittings and furniture belonging to you at the insured location.
  • Portable Electronic Equipment – Covers portable computer equipment and cell phones anywhere in the world for loss or damage, subject to policy sub-limits.

How much does insurance for yoga teachers cost?

When you’re shopping for yoga insurance, price is an important part of your decision-making process. Understanding how premiums are decided could help you weigh your options and find the policies that are right for your business.

Factors that insurers use to calculate business insurance premiums include (but are not limited to):


Your location
A yoga studio in a nice part of town may pay less for yoga insurance than one in an area with a higher crime rate. You may also pay more if your studio is in an area prone to flooding or wild weather.


Your employees
The more staff you have, the more likely mistakes and accidents may happen in your studio. You might pay higher Public Liability or Professional Indemnity premiums as you hire more help.


Your revenue
If your studio is ever hit with a lawsuit, the court may consider your income when awarding a judgement. The more you make, the more you can expect to pay for yoga insurance to protect your earnings.


Your coverage amounts
Want to protect your yoga studio with the maximum level of coverage? Then you can expect to pay for it! Higher coverage amounts typically mean higher premiums.


Keeping your yoga studio flexible

Insurance for yoga teachers can help you remain calm and serene in the face of business risks. Knowing that your studio is protected against accidents, mistakes, and other unexpected events could give you the confidence to stretch your business goals and take your studio to even greater heights!

BizCover is ready to help you find insurance for yoga teachers and studios! Compare and buy policies online and get instant coverage. Let’s start now!


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.

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