Balance. The word signals “Opposing forces at equilibrium,” by definition. However, the word can also indicate that something is stable, aesthetically pleasing or well ordered. In yoga, balance is at the core of almost every pose: you ground into a pose while extending; you go into Tree pose using your right leg to ground and repeat the pose again using your left leg. Everything hinges on balance: both sides of the body, movements in balance with the breath. So it is with business. For yoga instructors, part of staying in balance means having yoga insurance coverage. If an outside force, such as a lawsuit, should arise, having yoga liability insurance will provide the counterbalance, keeping the business in a state of equilibrium.
Yoga insurance programs offer three different types of protection to ensure that their insured yoga teachers will be covered. Professional, general, and product liability coverage are the three hallmarks of any solid yoga liability insurance program. With these types of protection in your yoga insurance coverage program, you, the yoga teacher, have a solid foundation on which to balance your business. Of course, there are other factors that contribute to a healthy career as a yoga instructor, but getting liability insurance for yoga instructors is a relatively low-cost, high-value factor that provides financial protection when you would need it most.
When you look for a yoga insurance program, look for one that offers the three pillars of yoga insurance: professional, general and product liability insurance. Professional liability is also known as malpractice insurance, and it provides coverage for cases in which someone claims an injury occurred due to negligence or incompetence of the yoga instructor. General liability, or “slip and fall” insurance, provides coverage for the cases in which someone literally slips and falls at a yoga studio or in a yoga classroom, for example. Yoga studio insurance may cover this kind of claim, as well, but you may still be held personally liable as the yoga instructor in such cases. Product liability covers any kind of product or equipment failure or malfunction that causes an injury, or something like a cleaning agent for the yoga space that causes a severe allergic reaction.
When searching for the best yoga insurance program to suit your needs, also look for a program that may offer other benefits to you, as well as a program that provides great customer service. You can find a mediocre yoga insurance provider, or you can find one at a good, competitive rate with excellent, responsive customer service and some additional benefits within the yoga insurance coverage total package. In creating your best-case scenario, go with a yoga liability insurance provider that will give you the most value for your money. More than anything, you want to make sure that the yoga insurance coverage you get will provide the right amount of coverage to counterbalance any legal claim that may arise. With proper yoga insurance, you will remain in balance during a lawsuit on multiple levels.