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| I am doing some research for my office on Yoga studios and instructors. I am not selling anything in any way, just trying to jump start my research in yoga. I work as a commercial insurance broker and have interest in insuring yoga studios and instructors. I am curious to find out how studios and instructors are insured. If you are a certified instructor do you carry your own limits, or are you insured through the association that insured you, or is that taken care of by the studio you teach at. Studios, same kind of thing, are you insured on your own, or are you part of a franchised network of insurers and you purchase your insurance through your main office? Once again, I do not want to sell anyone anything, but I need a springboard to start my research and this seems like a great place to start. If anyone has a website that can go into detail about how insurance is required that would be outstanding. |
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Expert Yogi
Posts: 1738
   
Location: right where I'm supposed to be | I have personal liability insurance purchased seperate from any affilations I have with certification or registration organizations
I place establisments on my policy. |
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Expert Yogi
Posts: 8442
 
| I am insured through the national teacher's association I belong to - one policy for teaching through an established yoga studio and one for my home studio. We are a non-profit society so we also have insurance for our board of directors etc. |
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| Scrutdada -- sent you a PM with a website. |
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| Many individual teachers, or "contractors" as we're now being called, have their own liability insurance. You can get a discount through a group like Namasta or Yoga Alliance. I believe the policies are 2million/4 million or thereabouts. I am not sure who the underwriter(s) are.
Some studios provide coverage for themselves but still require their teachers to have individual coverage.
In my most recent venture into the realm of studio coverage I found it to be very challenging. Had to talk to two different agencies and then it seemed like a full plan was not available. Either that or a separate plan was not available. I would like to bundle and have my retail property covered as well as my liability. I did ultimately get a quote but it was based on the number of teachers and the square footage and the estimated replacement value of retail goods. Perhaps it's a standardized formula.
Edited by purnayoga 2007-04-18 1:25 PM
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| Purna,
Did you try fitness and wellness insurance? They do both. Though not sure how cost effective it would be. |
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| Yep they did my liability. But I'll revisit them. Thanks B. |
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Expert Yogi
Posts: 1738
Location: right where I'm supposed to be | yogabrian - 2007-04-18 1:33 PM
Purna,
Did you try fitness and wellness insurance? They do both. Though not sure how cost effective it would be.
I believe Fitness and Wellness is my insurance company. |
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Expert Yogi
Posts: 8442
| purna - I am so glad I don't have to do this research for myself. I know the groups that get our insurance are having a heck of a time with the various insurers. For Iyengar trainees, who are not "certified" it can be a challenge to get insurance at all. Yet, they insure shall we say "other" folks who are "certified" but significantly less qualified  |
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| It's okay Tourist. Just trust your inner teacher and you will never injure a student, never be libel, never be sued, and lead everyone beyond Samadhi.
Edited by purnayoga 2007-04-19 2:45 AM
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| tourist - 2007-04-18 6:47 PM
For Iyengar trainees, who are not "certified" it can be a challenge to get insurance at all. Yet, they insure shall we say "other" folks who are "certified" but significantly less qualified
Then "certify" them. After all it's just a silly piece of paper.... Call it something like the "Official Insurablity Certification", only handed out to the elite group of yogis we need to get a discount on their insurance.....  |
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| tourist - 2007-04-18 6:47 PM
purna - I am so glad I don't have to do this research for myself. I know the groups that get our insurance are having a heck of a time with the various insurers. For Iyengar trainees, who are not "certified" it can be a challenge to get insurance at all. Yet, they insure shall we say "other" folks who are "certified" but significantly less qualified
Less Qualified are the ones who need insurance. Qualified should not need any insurance. |
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Expert Yogi
Posts: 8442
| purna - I'll work on that 
GJ - we have discussed that very plan. I'm sure someone will figure out how to make it work.
Neel - this is very true!
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| This post covers only one side of Business of Yoga. Please go to my posting in General Yoga thread called PayPal and answer my question so that I can get both sides balanced. Please. |
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| One funny Tamil.
I read that other thread brother. You got plenty of balance over there. Live with it:-)
Are there now only TWO side to business of yoga? What of the other Seven business limbs???
Yes, yes use Paypal, for Shiva's sake.
kulkarnn - 2007-04-19 7:58 AM
This post covers only one side of Business of Yoga. Please go to my posting in General Yoga thread called PayPal and answer my question so that I can get both sides balanced. Please. |
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The business side of yoga
