With one in every five Canadians practicing Yoga, it is a rapidly expanding industry. This ancient practice has continued in the country’s current health and wellness sector.
The industry is adopting new styles every day and is quite accessible to everyone. Anyone can lay a mat and start their practice.
Despite the soothing nature of this practice, Yoga is a risky business. Instructors offer a service including physical adjustments.
Due to this, you may be liable for damages or injuries caused due to your instructions. There are hundreds of yoga-related emergency room visits every year.
This is why having yoga insurance is more important than ever. Having your entire reputation crushed because of a twisted ankle can be devastating, both emotionally and financially.
Lawsuits are expensive, and you need the right insurance partner to cover them for you. Yoga insurance keeps you protected against all claims regarding unexpected accidents.
With Comparewise, you can compare multiple insurance providers and find the right yoga insurance for your practice. We try to understand what makes your practice unique and help make insurance more accessible to you.
What Is Yoga Insurance?
Just like auto insurance protects you and your vehicle against accidents, yoga insurance protects you against all unpredictable accidents you may face while teaching Yoga.
There will be times when you might face a lawsuit, even if the situation is not in your hands. Yoga insurance would financially protect you against all these situations.
Yoga insurance helps to safeguard your livelihood. It offers both general and professional liability coverage. It not only protects you against all legal liabilities but also covers any stolen equipment or studio damage.
These insurance policies are specially designed to protect instructors against specific risks, including any injury caused to their students or malpractice.
Some insurance providers also offer a few benefits to instructors like a free website, discounts on popular yoga brands, and professional resources for yoga teachers.
You can find the best yoga insurance at Comparewise. Our platform allows you to search through multiple providers offering their services and find the right match that fits your needs and budget.
You can also use our ‘Get Started’ option and let our algorithm suggest the best insurance providers in your area.
Why Do You Need a Yoga Insurance?
Getting your reputation and your finances destroyed just because of a sprained ankle can be devastating. There are hundreds of yoga-related injuries every year and tens of lawsuits on instructors.
Protecting yourself and your practice from these lawsuits should be your priority. Here are a few reasons why insuring your practice with yoga insurance can be helpful.
Protects You if Someone Gets Injured Due to Misalignment
As a yoga teacher, you will carefully choose your poses and sequences. You will avoid any misalignment, and you’ll instruct your students to do the same.
However, there is always a chance your student can get injured due to improper pose, and you can get sued for it. Additionally, someone can claim that you taught a pose with incorrect alignment or gave an unwanted adjustment, and you will be held liable in court.
Yoga insurance will protect you from all such lawsuits and cover your legal, financial expenses.
Protect You If Someone Slips or Falls
Your students can slip or fall while trying out a pose and get injured. You will be held responsible if that happens, even though you were not at fault.
A student can hold you liable, stating that you taught them the wrong pose. In any case, you will have to fight the lawsuits on your own, which can be financially draining. Yoga insurance covers your legal expenses if a student sues you or your studio.
Covers International Trips
Most yoga insurance policies cover their instructors whether they have their own practice or teach at a yoga studio, recreation centre, or fitness centre.
They even cover instructors that take personal sessions with students at their homes. The insurance policies also cover your international trips for up to 30 days. The policy is valid whether you are teaching adults or children.
Affordable Monthly Premiums
Fighting a lawsuit can be expensive. You have to pay for your lawyer, incur the documentation expenses, and even deal with the penalty if you are held responsible by the court of law.
Most yoga insurance has affordable premiums, which is cheaper than most lawyers’ hourly rates.
Cannot Buy Coverage after a Lawsuit
Most yoga instructors ignore that they can get stuck in a lawsuit causing them thousands of dollars.
Unfortunately, you cannot buy an insurance policy after being sued by one of your students. Therefore, it’s always better to keep you and your practice protected before anything happens.
Who Needs Yoga Insurance?
Yoga insurance can be helpful to you whether you teach in a fitness studio or are a freelance instructor. Keeping yourself protected from lawsuits can benefit all yoga teachers.
Yoga Studio Owners
As a studio owner, you need to protect yourself, your products, your property, and the instructors that work at your studio.
General liability insurance and commercial property insurance would protect your studio from any damages caused due to unpredicted events. But they will not cover your employees.
You need yoga insurance to protect your instructors if a lawsuit is filed against them and your studio.
The insurance will protect against all lawsuits filed, whether bodily injury, misconduct, or injury due to misalignment. Additionally, it will cover the damages done to your equipment in case of theft or vandalism.
However, you should always make sure that your coverage is enough for your studio. As your studio grows and you hire more employees, you should also increase your insurance coverage.
If you want the best yoga instructors to work at your studio, you’ll need to protect them from any liability. This applies to whether they might be at fault or not.
Freelance Yoga Instructors
Working as a freelance yoga instructor has its benefits and drawbacks. You have the option to set your working hours and work wherever you like.
But you need to ensure that you have the right insurance plan to protect you in case of any liabilities. Since you do not work as a full-time yoga instructor with a studio, you must purchase your yoga insurance.
This insurance will keep you protected against any legal liabilities you may face while teaching your students. If you travel frequently, you would need to sign up for a general liability insurance plan.
This will cover you if you damage your client’s property while teaching at their house. Adding professional liability insurance and yoga insurance will be a great idea if you offer consultancy services.
It would protect you if your advice caused any financial or physical harm to your client.
Online Yoga Instructors
With the boom in technology, teaching activities online has become a growing trend. With the prolonged impact of COVID-19, virtual sessions have become the new norm.
If you teach Yoga via a Zoom call or Skype meeting, you face similar risks to those teaching in-person. You need yoga insurance to protect yourself from any legal liabilities you might face just because your student didn’t follow your instructions correctly.
Since you are teaching online, you are offering a service to your clients. You will also need professional liability insurance.
Additionally, cyber insurance will protect you in case of a cyber attack, leaking all your client’s personal information, photos, or video. These insurances will cover all your legal expenses, including lawyer fees, documentation charges, and penalties.
What Is Included in a Comprehensive Yoga Insurance Policy?
Every yoga practice is unique, and you will need to compare multiple insurance providers before finding the one that fits your needs.
Most insurance providers will suggest you take up a comprehensive yoga liability insurance plan to protect you from all types of legal expenses. It will typically include the following coverages.
Product Liability Insurance
Most yoga insurance providers include a product liability insurance plan in their policy. It protects you against all claims alleging that the product you manufacture or sell caused bodily injury or property damage.
For instance, you sell a yoga mat, and a customer slipped on the mat while doing their exercises and suffered a broken arm. Your insurance provider will protect you against such lawsuits.
Commercial General Liability Insurance
General liability insurance will protect you against the day-to-day risks you may incur while running your business. This basic form of coverage is also known as a slip-and-fall insurance policy.
It will cover you against claims of third-party bodily injury or any property damage that may occur at your studio or the place where you practice. It also covers medical expenses, irrespective of the legal outcome.
Commercial Property Insurance
General liability insurance will protect you against the day-to-day risks you may incur while running your business. This basic form of coverage is also known as a slip-and-fall insurance policy.
It will cover you against claims of third-party bodily injury or any property damage that may occur at your studio or the place where you practice. It also covers medical expenses, irrespective of the legal outcome.
Professional Liability Insurance
Whether you conduct your sessions online or in-person, your students can sue you for failure to deliver service, negligence, or misconduct.
In simpler words, if your student feels that the services you advertised did not generate expected results, then they can file a lawsuit against you.
For instance, if someone sought your help to alleviate their back pain but did not find it helpful after a month of training, then they can drag you to court. Professional liability insurance will cover your legal expenses, including monetary judgements.
Cyber Insurance
Virtual yoga sessions have become quite popular due to the prolonged impact of Covid-19. So, if you are an online yoga instructor and impart your service virtually, you are liable to protect all your client’s personal information.
If your computer was under a cyberattack, and the hacker leaked the client’s data, then your students can take you to court. Cyber insurance covers the costs associated with cybercrime, along with the lawsuits that you may face.
Things to Consider before Buying Yoga Insurance
Yoga insurance protects you and your practice against all unforeseen events. It gives you peace of mind and helps you recover financially in a lawsuit against your practice.
The right insurance plan will help you grow and scale up your practice. Here are a few things you should consider before buying an insurance plan for your yoga practice.
Compare Multiple Insurance Plans
Before you pick out the insurance plan for your service, you should always look around a bit. Comparing multiple insurance providers would help you get the best coverage in an affordable monthly premium.
You can use the Comparewise platform to look for providers offering the best insurance plan in your area.
Places You Are Covered
If you are a freelance yoga instructor, you need to analyze what places you are covered with your insurance plan. It would help if you didn’t buy a plan that covers you only in your studio.
It would be useless if you faced an accident while taking an in-house or a virtual lesson. You should also ensure that your policy covers you while on a local or international trip.
Covered services
Different insurance policies cover varied types of services. As Yoga is growing in concept every day, you need to analyze whether all the services you provide are covered under your insurance plan or not.
Suppose you are a yoga teacher, a reiki practitioner, and a Pilates instructor. In that case, you should choose an insurance policy that covers all three of them.
How to Buy Yoga Insurance in Canada?
Buying an insurance plan for your yoga practice can be a tedious job. You must search for multiple insurance providers in your area and ask for their quotes individually.
Then compile and compare them to find the best yoga insurance plan. This will take up a lot of your time and effort.
Instead, you can use Comparewise and access our vast database of verified insurance providers. Here you can easily compare quotes from multiple companies and choose those that suit your needs.
You can also find the best insurance providers in your area by clicking on the ‘Get Started’ button on our homepage.
You need to fill up a small online form with your requirements, and our smart algorithm will match you with the best and the most trusted insurance providers as per your need.
Comparewise can be accessed from anywhere in Canada. Searching for the right insurance plan is accessible and easier for everyone.
Other types of insurance
- Retail Insurance
- Errors and Omissions Insurance
- Professional Liability Insurance
- Business Insurance
- Personal Trainer Insurance
- Office Insurance
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