Yoga Studio Insurance Simplified

Yoga studios improve lives every single day. Healthy choices help protect patrons from future complications.

But they’re not the only ones who need protection.

As an owner, your studio needs protection, too. Yoga studio insurance is an umbrella term that incorporates different types of coverage.

To ensure you can run your studio as effectively as possible, let’s unpack the different components of yoga studio insurance:

General Liability Insurance

This is typically what people think of when they hear the word insurance. It’s essential for two reasons:

First, general liability meets the contractual obligations to lease a facility. Without it, you won’t be able to rent your space. Your landlord will ask for your certificate of insurance each year and ensure that proper limits are met.

Second, it protects both you and your financial assets. If a patron gets injured at your studio, you don’t want that accident to cripple you personally or professionally.

Commercial Property Insurance

This type of coverage offers layers of protection.

Imagine a fire starts and causes significant damage. Property insurance would support you in several different ways:

Business Personal Property would help you replace essential items like computers, yoga mats, and speakers.

Tenants, Improvements, and Betterments cover any new additions you may have made such as putting in new flooring or adding walls.

Business Income coverage helps you pay bills while your studio is shut down for repairs.

Additional Coverage Options For Yoga Studios

General liability and commercial property insurance provide a bulk of the coverage options that studios need. However, for added peace of mind, there are additional options:

Hired And Non-Owned Auto Coverage provides protection for the studio if someone working for you gets in a car accident while running an errand, such as driving to the bank.

Excess Liability Insurance offers greater limits of coverage on top of your general liability. This could be a requirement of your lease.

Professional Liability covers you against professional liability. For example, if a patron claims that your program did not provide the desired outcome.

Instructor Insurance provides coverage for any fitness instructors or personal trainers who work with you.

Common Yoga Studio Insurance Questions

American Speciality Express insures a variety of fitness studios, including yoga studios. Here are a few additional questions we sometimes hear:

How Much Does Yoga Studio Insurance Cost?

Prices vary based on your wants and needs, but the cost of yoga studio insurance starts at $452.

Do You Cover Virtual Or Online Instruction?

Facilities that offer virtual or online instruction can be considered on a case-by-case basis if the virtual instruction is a small portion of the overall operation—generally 10% or less.

Is Aerial Yoga Covered?

It can be considered on a case-by-case basis. If you offer aerial yoga, please contact American Speciality Express so we can learn more about your studio. 

What If We Sell Herbal Or Nutritional Supplements?

Coverage is provided as long as the herbal and nutritional supplements are not manufactured, developed, or packaged by your studio.

Insurance confuses and intimidates plenty of business owners. But it doesn’t have to. If you have any questions or concerns, contact us today.