Yoga Studio Insurance

What Is Covered

As much as you love practicing yoga and bonding with clients, the simple fact is that managing a studio involves risk. To protect yourself, your staff, your students, and any visitors that come into your space, you need yoga business insurance. Proper insurance covers you in the case of injuries and other liabilities at your location; without it, you are particularly vulnerable to lawsuits, whether or not you’re actually at fault in a situation. Likewise, insurance offers protection from the damage of natural disaster, a way to replace any stolen equipment or property. At Dance Studio Insurance, we provide yoga studio insurance for a variety of yoga studios and styles, including the following:

Ashtanga / Power Yoga
Bikram / Hot Yoga
Hatha Yoga
Iyengar Yoga
Kundalini Yoga
Vinyasa Yoga

For studios doing aerial activities, see our Aerial Yoga Insurance information.

Cost

What does yoga studio insurance cost? It starts at around $475 to $566. The amount varies based on several factors, including state, number of participants, and additional options you might choose. To get a better estimate of specific pricing for you, contact Dance Studio Insurance!

Ready to get started?

To learn more about our service offerings call 877-811-2271 today

Program A

This yoga studio liability insurance is best for you under either of these scenarios:

Less than 3 years’ experience owning a studio
You want Accident Medical coverage — a supplemental policy that enables you to offer to pay for a student’s medical bills, which will reduce the likelihood of that student suing you

Get a Quote

Program B

This is the best program if you:

Want affordable sexual abuse and molestation coverage
Have a minimum of three years’ experience managing a studio
Offer Indoor Tanning (limitations apply)
Allow unsupervised/individual workouts (but gross sales must be primarily from instructor-led group classes such as yoga/Pilates/aerobics)

Get a Quote

▸How do you know if you should get sexual abuse and molestation coverage?

Abuse and Molestation coverage provides coverage for allegations of sexual abuse and molestation. Coverage is provided for judgments as well as for expenses to investigate and defend an allegation of abuse. However, both judgment and defense costs count toward the $100,000 coverage limit.

You should add Sexual Abuse and Molestation coverage under these circumstances:

Organizations with which you are affiliated require it
If there are close relations between students and teachers, and you don’t want to be at risk if someone decides to sue

In order to qualify for this uniquely inexpensive SA & M coverage, you are required to do the following:

Conduct background checks (these are inexpensive and easy, fingerprints are NOT required, and any third-party background check vendor is acceptable. There are many options online, just do a Google search.)
Include questions on your staff (paid and volunteer) employment application about whether the individual has ever been convicted of any crime, including sex-related or child abuse-related offenses
You routinely conduct background checks on all employees and volunteers working with youth
Have procedures in place to prevent situations where participants are alone with an individual staff member
Have a clean history with no previous incidents that include allegations of sexual abuse
If you do not meet these requirements, you can still get sexual abuse and molestation coverage under Program A above, but the cost is significantly higher

Apply for Both

We suggest filling out both yoga liability insurance applications to find out which program gets you a better rate. Depending on your particular circumstances, you could be approved for either program, and you can add coverage for equipment with either program.

Common Questions

Q: Why would I need equipment/property insurance (i.e., “Inland Marine”) for my yoga studio?

A: The liability portion of the base coverage includes property damage to other parties (e.g., a neighboring tenant). It does not include your property within the walls of your space (your mirrors, floor, etc.). That’s why owners add “inland marine” or property insurance when they can.

Q: I hire independent contractors under 1099s. Can I cover them under my yoga studio insurance?

A: Yes, both yoga studio insurance programs give you the option to cover independent contractors. Under Program A, you can add coverage for independent contractor instructors for $75 per instructor. Each instructor must be individually named and scheduled onto the policy for coverage to apply. Coverage for independent contractor instructors is nontransferable and is not refundable.

For Program B, you can add instructors once you’ve purchased the insurance. Email caitlyn@dancestudioinsurance.com with the number of contractors you’d like covered, and we’ll send you back a quote. The first two instructors can be added for $50 and each instructor thereafter can be added for an additional premium of $25.00.

Q: Do you cover aerial yoga activities?

A: YES, but not under the above applications. You can learn more here about aerial yoga insurance coverage. You will need to provide additional information about your aerial yoga activities. Internal underwriting and quoting may be required based on coverage needs and equipment used.