New To Professional Liability Insurance?
If you are new to the world of liability insurance, you have come to the right place. You will leave this page with the knowledge you need to make an informed decision on your professional liability insurance.
What is Professional Liability Insurance?
Liability insurance is an important form of professional insurance which provides financial protection for individuals in the event they are sued due to errors or omissions in their provision of services. In other words, it helps to protect the professional from the financial consequences of any legal proceedings or claims that are brought against them.
What is the Difference Between Business Owner Insurance and Liability Insurance?
Business owner insurance is designed to provide financial protection for business owners in the event their business suffers a physical loss due to circumstances such as property damage due to theft or natural disasters, bodily injury or personal and advertising injury. This type of insurance covers losses suffered by a business and can help cover costs associated with fixing or replacing damaged property or equipment.
Individual liability insurance is a type of insurance that covers the individual, rather than the business, in case any legal action is taken against them. This kind of coverage helps to protect individuals from lawsuits or claims related to negligence, errors and omissions, personal injury, property damage, and libel or slander. It can also provide financial protection for costs associated with settlements or judgments incurred due to a claim.
Who Needs Liability Insurance?
Individuals who provide professional services, such as yoga instructors, massage therapists, consultants, freelancers, contractors, and small business owners may need individual liability insurance in order to protect themselves from any lawsuits or claims that could arise from their work. In some professions, this insurance is required.
What to Look for When Purchasing Insurance?
As with most decisions you have to search for what makes sense for you. When purchasing insurance Pilates instructors, yoga teachers, group fitness instructors, reiki healers, and so many more wellness pros should look for an insurance policy that provides adequate coverage for the services they provide. They should also look at the price, benefits of the policy, and if the policy covers any equipment used during classes.
Common Misconceptions of Liability Insurance
Insurance Liability Definitions
How to File a Claim
If you have received a claim, as a NACAMS customer either call us directly or go to your member portal and find the headline “File A Claim”. You will be directed to email our claims customer service representative and they will be able to assist you in this process.
What is a Certificate of Insurance?
This is the document you receive physically or digitally that shows proof of your insurance. This certificate is issued by the insurance company after you purchase the policy.
Do You Need My License Number to Get Insurance?
No, NACAMS does not require you to provide your license number when purchasing a liability insurance policy. Only upon the investigation of a claim do we look into any state-required certifications or licenses as it is up to the individual to ensure they are following their state & profession’s requirements. We highly recommend staying up to date with any legal requirements.
Based on your profession, NACAMS asks the professional to acknowledge they have the proper licenses or certifications to safely practice their profession based on your state’s requirements. If a claim is filed against you, we will investigate and if it is found you were not properly certified your insurance is null.
Professional Liability Insurance Frequently Asked Questions
With a NACAMS policy, you are protected for yoga instruction and group fitness classes. We recommend choosing the type of teaching you do more often as the primary modality when purchasing our insurance but you are covered for over 450 modalities automatically. This goes for all our policy offerings except the Member benefits-only program.
Yes, NACAMS now offers Microblading for $499 as an additional add-on.
This policy includes coverage for disciplines within the yoga, beauty, massage, and fitness industries.
Unfortunately, we cannot offer coverage for every wellness modality. To see what we don't cover, click here.
No. The student policy is only eligible to purchase if you are actively enrolled in your first 200HR YTT or first certification course.
Yes, we have a discounted student policy that goes for $55 for the entire year. As long as you are currently enrolled you are eligible to purchase. If you have received your 200HR YTT certification from your studio or training center you are no longer eligible to purchase a student policy with NACAMS.
Yes, we highly recommend still purchasing insurance if you are an online instructor. A NACAMS policy offers coverage for live-streaming & pre-recorded online classes.
Unfortunately, we do not offer any international coverage.
You can add an unlimited amount of additional insureds to your policy. It is $10 per additional insured or $30 for unlimited additional insureds.
An additional insured is a person or organization that is added to an insurance policy to provide them with coverage for a specific event or project. It is a way to extend your insurance liability coverage to another party who may also be held liable for any damages or injuries that occur during the event or project. Most employers or events will ask to be added as an additional insured to your policy.
We do not offer an option to increase coverage amounts. We have designed a high-coverage policy that protects wellness professionals in the event an incident occurs.
We are an individual liability insurance policy that only covers the individual against any claims. If you own a business, you will need to purchase a Business Owners Policy in addition to a professional liability insurance policy.