What Is Covered
We work with a variety of yoga studios and styles for yoga studio insurance, including:
- Ashtanga / Power Yoga
- Bikram / Hot Yoga
- Hatha Yoga
- Iyengar Yoga
- Kundalini Yoga
- Vinyasa Yoga
For studios doing aerial activities, see our Aerial Yoga Insurance.
Yoga studio insurance cost starts around $475 – $566, and vary based on several factors including state, number of participants, and additional options you might choose.
This insurance for yoga studios is best for you if you have any of these characteristics:
- Less than 3 yrs’ experience owning a studio
- You want Accident Medical coverage (Accidental Medical Coverage is a supplemental policy that enables you to offer to pay for a student’s medical bills, which will lower the likelihood of that student suing you)
This is the best program if you:
- Want affordable sexual abuse and molestation coverage
- Have a minimum 3 years’ experience managing a studio
- Offer Indoor Tanning (limitations apply)
- Allow unsupervised/individual work outs (but gross sales must be primarily from instructor-led group glasses such as yoga/Pilates/aerobics)
Apply for Both
If you don’t have any of the above characteristics, then you will likely get approved from both applications, and both can add coverage for equipment. Depending on your particulars, one will likely be cheaper than the other. If you think it is worth it to spend about 20 minutes to fill out both applications and see which gets you a better rate, that’s what we suggest.
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 own property within the walls of your space… not your mirrors or floor, etc. That’s why owners add on “inland marine” 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 after coverage is purchased 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 non-transferable or refundable.
For Program B, you can add them once you’ve purchased the insurance. You would email firstname.lastname@example.org with the number of contractors you’d like covered, and we’ll send you back a quote.
Q: Do you cover aerial yoga activities?
A: YES, but not under the above applications. You can apply here to get a quote. 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.