Yoga instructor insurance
As a yoga teacher you instruct and guide students in the practice of yoga. As a result students will follow your every move and instructions.
In addition you have a lot of physical contact with your students as well as with third party property, be it the venue where you teach or your students’ homes.
With that responsibility you need to protect yourself with yoga teacher liability insurance which will respond to claims of professional errors, causing an accidental injury or property damage.
Such insurance consists of two liability covers: professional indemnity and public liability insurance.
Do I need insurance to teach yoga?
You think a legal claim can never happen to you? Many yoga practitioners tend to follow the same philosophy and often teach without appropriate insurance.
However, claims against yoga teachers do happen. Penningtons Law reported on such a claim where they were representing a student suffering an injury as a result of bad advice. Compensation of £9,000 was awarded and no doubt there would have been a hefty legal bill on top of that.
Without professional indemnity insurance you will pay the costs out of your own pocket and that can put you in a significant financial strain. The cost of yoga teacher insurance is insignificant in comparison.
Professional indemnity insurance for yoga teachers
This cover is designed to deal with any claims arising from your profession. This could be causing an injury resulting from incorrect advice or failing your duty of care.
If you are given a notice of a legal claim against you, your policy will trigger access to legal defence and take care of the situation. If you are found liable for any damages, the policy will cover the amount up to the policy limit.
Public liability insurance for yoga teachers
In order to teach you need a location. This could be a studio in a gym, local park or the home of your student. As a result you’re at risk of causing an injury or property damage.
Public liability insurance would respond to those types of claims by providing legal defence and paying any compensation if due.
You have probably already found that most venues require this cover before you can hire them. Sometimes the required limits are quite substantial but experience tells us that can be negotiable
Income protection for yoga teachers
You use your body and voice to earn a living. If a serious illness stops you, your ability to cover your usual outgoing may become difficult.
Income protection insurance can be a welcome safety net during those times and can provide a substitute financial help for up to a year or until you’re well again to work.
Personal accident insurance for yoga teachers
Yoga is a calm physical form of exercise and luckily serious accidents are rare. However, if you worry about this aspect, personal accident cover is a small piece of mind which is very inexpensive.
It provides a quick cash injection if you suffer a serious accident and hopefully helps you get over the worst while considering your future options.
Life insurance for yoga teachers
As a self employed professional you have to pay for everything yourself. As a parent or a spouse you will have other people to worry about.
It’s good to leave something behind if the worst were to happen. Even if you are not sure if you can afford the costs, it’s always worthwhile to talk your situation through with a life insurance specialist. They can take you through all the options.