Peace. Balance. Freedom. These are words associated with yoga. Risk, liability, and lawsuits? Not so much. This, in a nutshell, is why yoga instructor insurance is an essential addition to your business. You can keep the risk inherent in your work out of mind and focus on what really matters with liability insurance for yoga teachers.
If you don’t have a firm grasp on what yoga insurance is and how it can help you, no worries. The ins and outs of insurance can be less than intuitive. At Insurance Canopy, we’re focused on giving you as clear of a picture as possible, and making sure that you have all of the information you need to protect your business from the very real threat of liability.
Below, we’ve put together a guide that details what yoga insurance is and why your business needs it today.
You Put Yourself at Risk Each Time You Work With a Client
As safe as you strive to make your business, there’s no way to completely evade the possibility of risk. Regardless of the environment you foster in your studio, the chance that a client will get injured is always present.
While you never want to see a client get injured, the reality of things is that an injury of some sort could happen at any point. A client may have a pre-existing condition or could get injured through an unfortunate but random occurrence. You can try to build your program in such a way that the risk of injuries is reduced, but there’s no way to completely prevent them from happening.
When the possibility of injury is present, the possibility of a lawsuit is not far behind. This is the first and most important reason why you need yoga teachers insurance.
Yoga Insurance Protects You From Liability
Insurance Canopy offers yoga teacher liability insurance that will give you a full year of coverage for just $129. This coverage protects you in the event that you find yourself in a situation like the ones described above.
This coverage provides you with general and professional liability insurance, which will keep your business from going under if you find yourself at the receiving end of an injury lawsuit. A simple injury claim can result in you being on the hook for hundreds of thousands (or even millions) of dollars in damages.
Research shows that, from 2001 to 2014, there were 29,590 yoga-related injuries reported. With an increasing number of people turning to yoga, that number is bound to increase. Your yoga liability insurance will be the only thing standing between you and the financial ramifications of a lawsuit stemming from one of these injuries.
It’s important to note here that you can be held liable in court even if you don’t feel that an injury was your fault. If it happened or resulted from anything done under your watch, you may be held responsible.
Even if you are not found liable in a lawsuit, without insurance, you could still be on the hook for defense costs. In this case, yoga insurance is necessary even if you’ve done everything right.
Yoga Insurance Protects Your Business and Equipment
Not only can yoga insurance protect you from liability, it can also provide coverage for your equipment that is damaged or stolen at your studio, in a client’s home, or as it is being transported.
Just as client injuries cannot be completely avoided, equipment damage may happen at some point. Yoga insurance can cover you should that equipment damage become a financial drain on your business.
Get Covered Today!
There’s no way to completely avoid risk. You can, however, protect yourself against it today.
Yoga teacher insurance from Insurance Canopy will provide you the peace of mind and security you need to effectively run your business.
At $129/yr, yoga teacher insurance from Canopy gives you “A+ rated” insurance at a competitive price. With Canopy, what you see is what you get. No hidden fees, no membership fees, and no gimmicks. We want to provide protection for you while being a resource for your business.
In 10 minutes or less, you can get covered online today.
Click here to get started today!
And while you’re at it, head over to our Facebook and Instagram to stay in the know about the goings-on at our company and in the industry.