The Cost of NOT Having Yoga Teacher Insurance

It’s generally a smart move to cut down on expenses, and while there’s nothing essentially wrong with this, some expenses can actually save you money in the long run. 

Take yoga teacher insurance, for example. You do need to pay a premium annually; however, the alternative—teaching yoga without coverage—is a risky decision that can harm your reputation and result in significant financial loss if a lawsuit were to be filed naming you as the cause.

If you’re unsure about insurance as a yoga teacher, we’re here to explain the potential costs and why it’s so important these days.

KEY TAKEAWAYS

• Skipping yoga teacher insurance may save money upfront, but it exposes you to serious financial and reputational risks that can outweigh the cost of coverage.
• Legal fees can be substantial—even a dismissed lawsuit can cost thousands in attorney and court costs if you’re not insured.
• Medical expense liability arises if a student is injured during your class; without insurance, you may be responsible for all related costs.
• You could face compensation payouts if found negligent, including for medical bills, lost wages, or emotional harm—potentially devastating for solo teachers.
• Property damage claims during private sessions can also fall on your shoulders, unless you have general liability coverage to absorb the costs.
• Lawsuits—even unfounded—can tarnish your reputation, harming client trust and business growth if you're not equipped to handle them professionally.
• beYogi insurance covers both general and professional liability, along with extras like product liability, identity theft protection, and nationwide coverage.
• At around $179/year, yoga insurance is a small investment for long-term protection—far cheaper than the potential consequences of going uninsured.
  
  

The Financial Risks of Not Having Insurance

Teaching yoga is rewarding, but like any other service profession, it comes with some risks. Without liability insurance, these risks can translate into serious financial burdens that could affect your career and business. Here are some financial risks of going uninsured:

Legal Fees

If a student gets injured during your class and sues you, you may need to hire a lawyer. Even if the claim is ultimately dismissed, defending yourself in court can cost thousands of dollars. With liability insurance, you won’t have to foot the bill because it covers legal fees, including attorney costs and trial expenses.

Medical Expenses

Accidents happen—even in yoga classes. A student might get injured while attempting a new pose or accidentally slip and break their wrist while in class. If you don’t have insurance, you could be held responsible for covering their medical bills due to negligence. Depending on how serious their injury is and recovery time, you could be responsible for paying for their medical bills & losses.

Compensation Costs

If a student sues you for negligence and their claim is upheld, you may be required to pay compensation. This could mean reimbursing them for medical treatment, lost wages, or emotional distress. These payouts can be financially devastating for any yoga teacher, particularly if they are a solo or part-time teacher.

Property Damage Claims

If you accidentally damage a client’s property during a private session—for example, you knock over a valuable item—you could be liable for repair or replacement costs. These claims can add up quickly, but with general liability coverage, you would not have to pay for that out of pocket.

How Lack of Coverage Can Harm Your Reputation

A lawsuit or claim against you can seriously damage your professional reputation, even if it is unfounded. Without insurance to help cover the legal costs associated with defending such allegations, it can be challenging to handle these situations independently.

The fallout? Negative publicity and erosion of trust among your students and the yoga community at large. This can make it difficult to find new clients and maintain existing relationships.

Having insurance demonstrates that you prioritize the well-being of your students and are prepared for any unexpected situations. These are important for maintaining your credibility and professional reputation as a yoga instructor.

What Does Yoga Teacher Insurance Cover?

Yoga teacher insurance protects you from the various risks that come with teaching yoga. Here’s a quick rundown of what it typically covers:

General Liability Insurance

This covers accidents that aren’t directly related to your teaching. For example, if a student trips over equipment during your class, general liability insurance helps cover the medical and legal costs.

With beYogi, you get general liability coverage of up to $2 million per claim. You’re also protected up to $3 million annually.

Professional Liability Insurance

This protects you against claims of professional negligence that are directly tied to your instruction, such as injuries during class or malpractice claims. For example, if a student claims that your teaching caused a muscle tear, professional liability insurance would help cover legal fees and potential settlements.

It also covers product liability, so you’re protected if a student uses a block or strap in class and something goes wrong.

With beYogi, your professional liability insurance is bundled with your general liability coverage. This means you get protection for both under the same policy limits, all without any extra hassle.

Additional Benefits

With beYogi, you can enjoy some great extras, including identity theft protection that provides credit monitoring and recovery services. We also offer coverage that follows you wherever you teach — whether in a studio, online, or at events.

Insurance Costs vs. Uninsured Risks. Which Is Cheaper?

Yoga teacher insurance is surprisingly affordable, with plans as low as $179 annually with beYogi. This small investment covers general liability, professional liability, and other risks, so you have peace of mind while teaching.

On the other side of things, going uninsured can lead to some massive financial losses. For example:

• You could end up paying thousands of dollars if a student injures themselves during class and sues you for medical bills and legal fees.
• Negligence lawsuits can result in hefty compensation payouts.

When you compare the cost of insurance to the potential expenses of handling claims out of pocket, it’s clear that insurance is the cheaper and smarter option for protecting your career and finances.

Protect Your Assets With the Right Coverage

Having insurance is important, especially in today’s society, where litigation is common. You don’t want to risk putting your professional reputation on the line. Sign up for comprehensive coverage today to make sure your passion for teaching yoga remains a fulfilling and sustainable career.