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Why Yoga Insurance?
Your Practice To protect your business property, personal property, wage earning, reputation and the ability to continue teaching yoga, insurance protection is a necessary addition to your professional practice. If you are not covered by insurance that protects you from claims made against the work you do, then you are leaving yourself open for a lawsuit. If you think having insurance just gives someone access to the deep pockets of your insurance carrier, think again. Without insurance you can be personally sued for future earnings, and anything you might own. Although you may be innocent, you may still be put out of business. If you do not have the proper legal assistance to fight a claim, or the reserves to pay a successful claim, you are very vulnerable. Insurance is protection against both false and real claims. Your Premises If you rent, lease or are paying for space in a building, you can be held liable for accidents or damage even if your landlord has premises liability insurance. If you are working out of your home, you are liable for damages if someone falls going to or coming from your house or apartment. If someone is bitten by a dog or scratched by a cat while at your place of business, even if it isn't yours, you are liable. Insurance protects you in case someone is injured.
YogaBC INSURANCE UPDATE
To apply for insurance, please:
For assistance or additional information please contact us.
Before purchasing any insurance, please check the terms of the coverage, that the coverage applies to the scope of practice you are conducting, and that it is valid in the region you are practicing such as Canada, US, or International.
YogaBC has a relationship with both of the following insurance providers who understand the needs of yoga teachers and studios:
Option 1 Yoga BC Teacher Registry Required
Caroline Topperman
T: 604 922 2338
The plan covers teaching yoga worldwide. The policy covers $2M Commercial General Liability and Errors and Professional Omissions. YogaBC members receive the rate below. The commercial and professional Liability rates are $195.00 for teaching under 10 hours per week and $225 for over 10 hours per week. The package does not distinguish between type of yoga taught and can be processed the same day.
Option 2 Underwriters Insurance Brokers and Speirs & Co.: Yoga BC Teacher Registry Not Required Karlo Villanueva Underwriters Insurance Brokers and Speirs & Co. Ltd. 3159 Arbutus Street Vancouver, B.C. V6J 3Z3 Tel: 604-734-2124 Fax: 604-731-6188
The plan covers teaching in BC (we are working on expanding to a national coverage plan in 2009). The policy covers $2M Commercial General Liability and Errors and Professional Omissions.
You are not required to have a YogaBC Membership to for the rates quoted below. The commercial and professional Liability rates are a minimum of $215.00. The premium beyond $215.00 is based on the individual's answers on the application form. Some variants include: number of hours taught per week, whether or not you have prenatal, postnatal or rehab clients, class location, etc.
You can download the application and send it to them by fax or post: http://YogaBC.org/images/stories/YOGA BC/insurance_application.pdf
The insurance company’s underwriter will assess your application and respond to you with your annual rate.
The process takes about a week and the final documents are sent to you in the mail about 15 days later. |