In this guide: How to choose insurance for meditation teachers and yoga studios, and why you need it.
When you’re thinking about becoming a meditation teacher or a yoga teacher, or if you are opening a yoga studio, it is vital that you get the proper insurance that you need before you start teaching students.
Insurance is vital for teaching yoga and meditation (although it is more important for yoga teachers than meditation teachers).
The role of insurance is essentially to make sure that your business is covered in the event that anything goes wrong. For instance, if one of your students is injured in a class or suffers an event such as a seizure (which can happen when meditating), you will need to be insured to make sure you can cover any claim that the student makes.
Insurance will help you feel safe and secure because you are financially covered.
Insurance for yoga studios and meditation teachers should cover the following things:
- Public liability
- Products liability
- Malpractice cover
- Financial loss
- Employers liability
- Money cover
- Legal expenses
- Personal accidents
- Stock / equipment coverage
By getting insurance now, not only will you be covered in the event that something happens, but you will also feel peace of mind knowing that you’re financially secure in the event of an incident.
Finding The Best Insurance For Yoga Studios & Meditation Teachers
Because meditation and yoga are both becoming incredibly popular practices, we are seeing many new insurance coverage packages specifically catering to these two professions. Companies like AlternativeBalance and SunLife have specific insurance for meditation teachers and yoga teachers.
But how do you find the best insurance for you?
Here are my tips.
1: Make sure it covers your exact practice
We all know the truth. While insurance providers are quick to tell you that they will cover you in any event, they are also quick to find ways to get out of that. We’re talking about loop-holes, here. And you do not want to let your insurance provider find a loop-hole that means they don’t have to pay your claim.
One reason why some insurers won’t cover a claim is because they deem that you are doing practices not covered in their insurance policy.
For instance, let’s says that you get coverage specifically for guided meditations. But then you also teach one student a specific meditation technique like vipassana. And something goes wrong in that lesson. Your insurer would be able to say “You weren’t giving guided meditation, which is what we cover you for. Therefore, we are not covering your claim.”
Or if you get coverage for a specific type of yoga, like vinyasa, and then you decide to take your class for a fun Standup Paddleboard Yoga session outside of the studio. Your insurer probably will not cover you if something happens in that SUP lesson because your insurance isn’t for that type of yoga.
This is why you need to make sure that your insurance policy covers all the practices you will do in your lessons. And you need to make sure you do not teach anything else.
This means that you need to 1) Get insurance that covers all the types of lessons you’re going to give, and then 2) Not teach anything else.
Make sure your insurance policy covers all the different activities you are going to do
2) Choosing between a specialist meditation / yoga insurance company and a larger one
You have two choices when it comes to choosing insurance for yoga lessons or meditation lessons. You can go with the smaller, specialist provider, or you can choose a larger provider that covers all different kinds of businesses.
I am going to suggest that you use the larger provider. For one reason: They have stood the test of time.
Smaller, newer providers are being set-up all the time. Some of them give specific insurance for yoga teachers and meditation teachers. The only problem is: You have limited reviews and comments to judge these insurers on, and, more importantly, you don’t know whether the insurer themselves will actually survive. They could go bankrupt. Then you will not be covered.
I’d stick to the larger providers, personally. These insurers have thousands of comments and reviews that you can read online (which you should do to establish their trustworthiness) and they have also stood the test of time and are not likely to go bankrupt anytime soon.
Therefore, I advise you to stick to larger insurance providers and to research the hell out of them before you sign-up.
3: What type of insurance?
Choosing insurance can be a headache, and there are a lot of different things to consider. So to make it easier for you, here are the most important types of insurance for yoga teachers and meditation teachers.
Public liability insurance: This is the most important type of insurance for yoga teachers and meditation teachers. It covers you against legal fees in the event that someone is injured in your class. .
Income protection: Covers you as a meditation teacher if you yourself become ill and are unable to work.
Business equipment insurance: This could be essential or unessential depending on the amount you’ve invested in your set-up. Essentially it covers you against damaged or stolen equipment.
Property insurance: If you own your meditation studio or yoga studio you will want property insurance to protect you against theft, fires, floods and other possible events.
Employer’s liability insurance: If you yourself own a yoga studio or meditation studio, and you employ other people, you will need employer’s liability insurance. This is coverage against compensating employees who are injured or ill as a result of work. 
4: I’m teaching yoga / meditation at a gym. Do I still need insurance?
If you are teaching yoga or meditation at a gym you might presume that you are covered by the gym’s insurance and that you, therefore, do not need insurance yourself. This may or may not be the case, depending on the gym and your legal agreement with it.
It is imperative to check the terms under which you work at the gym. I would recommend getting a written record of the terms of your relationship with the gym, including a record of insurance policies. Do not simply presume that you are covered by the gym. This could be a very costly mistake.
Do not presume you are covered by a gym. Always check!
The same is true when teaching meditation in schools.
Never assume that you are covered just because you are doing your lessons as part of a larger business. Always check the details!
5: How to get approved
Naturally, insurance providers have the right to accept you or not. And if you want to get approved for insurance you will need to answer their questions.
So how do you get approved for yoga insurance and meditation insurance?
Honestly, in my experience, it’s easy to get approved for insurance to teach meditation. You will simply need to provide evidence of your experience. This could include your having attended a course in mindfulness or meditation, or various lectures you’ve attended. One insurer simply asked me what books I’d read about meditation!
It’s a little harder to get approved for yoga insurance. Insurers want to know that you are qualified because there are many injuries that happen in yoga (far more than those that happen in meditation classes). For this reason, you will need evidence of your experience and qualifications.
Getting proper teacher training will help. But being qualified does not necessarily mean that you are part of an alliance or other official body. There are many different ways to substantiate your qualification to teach yoga. You simply need to contact the insurance provider and ask them what evidence they need of your qualifications.
Important note: Take it as a good sign if your insurer wants to know your credentials. Some smaller insurers ill accept anyone because they don’t intend to pay you out ever even if something happens. Larger providers will likely want to know more about you because they actually will cover you. Even though those questions might worry you, they are a sign that the insurer is legit and serious.
6: How much does it cost?
The cost of yoga insurance of meditation insurance will depend on the size of your studio, how many students you have, and the value of equipment you want to have insured. The average yoga studio has about 35 clients per session, with a 30 ft. studio and around $1500 worth of equipment. For this scale of yoga studio, you should expect to pay around $450 per year and ad $4 of $5 per student covered. You can definitely find cheaper insurance, but I’d recommend getting a comprehensive coverage policy from a well-respected insurance provider. Honestly, the ticket price isn’t that high compared to the risk of not being insured.
Don’t be a DERP!
I hear from a lot of yoga and meditation teachers that ‘no one has ever been injured in one of my classes, so why do I need insurance to teach yoga or meditation?”
No one thinks they need insurance…until they need insurance!
One single accident at your yoga studio or meditation could completely destroy your business if you are not covered.
Don’t be a derp! Get the insurance you need. Honestly, I would hate to hear in a comment, below, that you didn’t get insurance and that it cost you your business. Yes, yoga insurance and meditation insurance can be expensive, but it is a business-owners responsibility to make sure they are covered.
If you’re a teacher, do you have insurance, and if so, through who? Leave a comment below and remember to subscribe .