How to Go about Purchasing Liability Insurance for Your Yoga Studio

As the owner of a yoga studio, it is important that you have adequate liability insurance. While is true for any business owner, the odds of a person getting hurt may increase when taking part in a physical activity. How can the proprietor of a yoga studio go about getting an affordable liability policy? There are many ways to investigate coverage for your studio, so leave no rock unturned.

Determine Your Specific Liability Needs

Most insurance companies will create custom insurance policies that meet the specific needs that a business owner may need. Those who operate a yoga studio may want coverage for any medical bills a patron incurs if he or she is hurt during a class. It may also be appropriate to get coverage against claims that a yoga instructor was not properly licensed to lead a class. Protecting your instructors should come first, and covering your business and its assets should come second.

Get Quotes From Multiple Companies

Before buying any type of insurance, it is a good idea to get quotes from multiple companies. This may be done by calling each company that you may be interested in working with or by using online comparison sites. It is important to note that any quote that you get from an online site is only an estimate and that your actual costs may differ from it. Make sure to be shrewd, and decide what would be best for you and your business plan.

Be Ready to Answer Insurer Questions

Insurance companies that create policies for businesses may have questions about the company and its needs, especially when it comes to liabilities. For instance, insurance companies may ask for photos of the studio, information about instructors or general information about the business and what it may offer in addition to yoga services. Providing timely answers to these questions may make it easier to buy a policy and get coverage as soon as you need it.

Finalize Your Policy

The final step is to sign any paperwork that the insurance company needs to activate your policy. This may either be done in person or electronically in a matter of minutes. Once this step has been completed, you will receive confirmation of your policy's effective date. If you have any questions about your policy, you should be able to contact your agent or another customer service representative at any time. Many insurance agencies offer discounts for bundling services and for staying with them for a long time and such. Make sure to weigh your options and go with what works best.

Any business owner should have liability insurance to cover the cost of claims made against it. This is true whether you run your business as a corporation or as a sole proprietor. Having an insurance policy can minimize the effect that a judgment may have on your company's bottom line. It may also prevent you from having to liquidate personal property to cover financial damages after a lawsuit.


Rachelle Wilber is a freelance writer living in the San Diego, California area. She graduated from San Diego State University with her Bachelor's Degree in Journalism and Media Studies. She tries to find an interest in all topics and themes, which prompts her writing. When she isn't on her porch writing in the sun, you can find her shopping, at the beach, or at the gym. Follow her on Twitter and Facebook: @RachelleWilber;

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Comment by Kathy Custren on May 27, 2017 at 7:24pm

The title will be slightly revised to: 4 Tips on How to Purchase Liability Insurance for Your Yoga Studio

Comment by Kathy Custren on May 27, 2017 at 7:21pm

Thanks, Rachelle - This will be forwarded to the publishers for use in a future edition. Would you please be sure to include an abstract for it? Thank you ~ Blessings! 

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