Yoga has gained immense popularity in Australia and worldwide, thanks to its physical, mental, and spiritual benefits. After a yoga class, people often feel revitalized and relaxed.
However, despite being generally safe and non-strenuous, yoga teachers may still face claims that can cause financial and emotional stress.
Having a good insurance policy to protect you from the financial consequences of such incidents is key to teaching and running your business at its full potential.
Do yoga teachers need insurance?
Yoga asana is centred around the physical body and involves lots of stretching, bending and lunging. What is one of your clients lost their balance or stretched a little too far and strained a muscle?
You can take your time planning and sequencing classes and providing modifications and props to cater to all of your yoga students, but unfortunately, accidents still happen and as the yoga teacher, you could be held liable.
Another benefit of being a yoga teacher is the flexibility to teach anywhere, such as in a yoga studio, a client’s home, a park, or even at the beach. However, depending on where and who you teach, the risks involved may vary, and you may need specific types of insurance.
What is yoga teacher insurance?
Yoga teacher insurance refers to a set of insurance policies that are specifically designed to protect yoga teachers from various risks associated with their profession.
As yoga involves physical, mental, and spiritual practices, there can be some risks associated with teaching it. The insurance covers different aspects, including professional indemnity, public liability, and product liability.
The coverage helps to protect yoga teachers against financial losses due to accidents, injuries, or other incidents that could occur while teaching yoga. This insurance is a crucial investment for yoga teachers as it provides peace of mind, allowing them to focus on their work without worrying about the potential financial implications of incidents that may arise.
Yoga teachers need several types of insurance. We’ve broken down the main types of insurance for yoga teachers below:
Professional indemnity insurance
As a yoga teacher, you provide a service and professional advice to your students and clients. Professional indemnity insurance covers you for claims that arise as a result of negligent acts or advice.
For example, your insurance coverage would apply if a client alleges that your recommended yoga poses worsened their back pain.
Professional indemnity can cover both the compensation you are required to pay as a result of a claim and the litigation fees.
Public liability insurance
Public liability insurance is important for yoga teachers as it covers you for personal injury claims by your clients and members of the general public due to your negligent instructions or activities.
For example, a regular student at your studio classes or a member of the public could make a claim if they get injured while participating in an open park class.
Public liability also covers you for claims resulting in damage to third-party property.
For example, your insurance would cover you if you accidentally smashed something while setting up the class during a private home session that you were teaching.
Product liability insurance
Yoga studios often sell food and beverages, yoga mats and other wellness products. Product liability protects your business against financial liability as a result of claims made about the products sold by or through your business.
For example, you would be covered for a claim made by someone who got food poisoning from protein balls you sell in the yoga studio.
How much does yoga teacher insurance cost?
There are some factors that can have an impact on the policies you need to have and the total insurance premium. Here are some key questions to ask:
- Where will you be teaching – in a studio, private home classes or public spaces?
- Do you need a minimum level of cover to be a registered member of your professional your association?
- Are you required to have a minimum amount of insurance cover? (Note: this can vary depending on your yoga services contract)
Get your yoga teacher insurance quote today
At Gym Insurance HQ, we know how much your yoga business means to you. We are committed to understanding the type of services you provide and assessing your risk exposures.
We can find you reliable insurance cover that will safeguard your business and reputation without breaking the bank. Our team of experienced brokers can help you understand any aspect of yoga teacher insurance so that you can run your business with peace of mind.
You can request a quote online or give one of our friendly brokers a call on 1300 815 344.