You see, yoga teachers have a challenging job.
They need to push their clients to improve their flexibility and achieve their health goals whilst ensuring they do not get injured.
Now, most of the time a qualified and experienced yoga trainer gets the balance right. However, there can be an instance that a client gets injured while they are in class.
Depending on the severity of the injury and individual clients, the yoga trainer may be required to compensate for the injury, especially if it turns out to be permanent.
While yoga instructors need to have their clients’ best interests in mind, they also need to keep themselves protected to fight lawsuits and settle claims.
This is where yoga insurance kicks in. Insurance for yoga trainers are geared towards covering the cost of fighting a lawsuit, hospitalization expenses, or any settlement amount decided after a court battle.
Insurance simply makes sure that the covered yoga trainer doesn’t go bankrupt or have to sell all of his or her assets following a court judgement.
Many independent yoga instructors believe that they cannot be legally sued because they do not have any assets. That’s a complete myth.
There is nothing stopping anyone from suing an individual or a multinational company in America.
Therefore, even if a yoga instructor has a few clients and does not have any assets aside from yoga mats, this post remains relevant.
How Yoga Insurance Protects Both Instructors and Students
Yoga insurance that includes professional and general liability coverage protects instructors and gives them the ability to fight lawsuits. Now, these lawsuits may be legitimate or frivolous, insurance covers the legal defence expenses.
The insurance also keeps instructors protected even if the judgement is made against them.
Depending on the limit of the insurance purchased, it will cover the entirety of the court-mandated amount.
Even if you buy the cheapest yoga insurance policy available online, it should have enough limit to cover most of the legal expenses as well as the settlement amount.
Yoga insurance also protects clients. With insurance coverage, they have an increased chance of getting the settlement amount or being compensated for hospital expenses that occurred due to the fault of the yoga instructor.
It ideally should give them more confidence to hire a particular instructor knowing he or she has a valid insurance certificate.
What Are the Components of Yoga Insurance?
Yoga insurance covers the cost of claims on a per-instance basis and can have a coverage limit anything from $100,000 to millions of dollars.
The following are the two major components of yoga insurance.
General liability coverage can protect yoga instructors in a lot of ways.
Firstly, if the classes are held in a property owned or rented by the yoga instructors, it covers slip-and-fall incidents or any injury that might occur due to poor maintenance or negligence.
General liability may also include components of property insurance if the property is rented. For instance, if the rented property catches fire and the instructor is held liable.
It may also include a goodwill coverage, where the insurance company quickly covers the cost of hospital expenses of an injured client.
This not only makes the client happy but also protects the reputation of the instructor and it goes a long way to preventing a costly lawsuit.
Professional liability is probably the more important coverage amongst the two components.
This covers any claims or injuries that occur as a result of your professional advice or action. For yoga instructors this is highly relevant because they often help their clients to stretch and correct their postures.
They may also give dietary advice or distribute healthy snacks.
Professional liability coverage protects the instructors if any of these professional actions or advice result in injury.
Another type of coverage that the professional liability insurance should cover is the cost to fight against or settle molestation and abuse claims.
Being a yoga instructor requires a lot of physical contact with the client and even the most harmless of touches can be misconstrued or misrepresented.
How to Pick a Yoga Insurance
There is no one insurance that’s fit for all yoga teachers.
Everything from coverage limit to the exclusion list varies from policy to policy. It’s best to speak to an insurance advisor or find help from online.
It’s critical that instructors describe their services in depth.
Details such as if they offer food services, do they have employees, how many clients they serve, and what are the common injuries, are all important.