What do yoga instructors and studio owners consider before deciding where to buy their yoga insurance?
And how can an insurance company position its company as the best supplier of yoga studio salespeople in Australia?
We'll tell you a little bit about that.
This is quite important, especially if you run an agency that aims to sell the best insurance coverage to yoga instructors.
If you understand what yoga teachers want and integrate them as part of your product features, they will fall on top of each other to buy and recommend your yoga teacher insurance.
Now is probably the most exciting time in history as a yoga teacher due to the growing popularity of the yoga industry.
If you want a successful yoga sales plan that has proven to work, you need to consider protecting yourself and your business in the event of an accident or claim by learning to get the best insurance for yoga instructors.
To get started, here are five important things that yoga instructors need to consider before choosing any insurance company for their general and professional liability insurance.
first Flexible payment options
The truth is told. Yoga studio insurance costs are high. Many instructors are not insured because they cannot afford to pay the annual yoga insurance premium at once.
But there is something that all agencies that benefit from yoga instructors can do. And that is by giving them flexible payment options.
Making it easier for instructors to purchase affordable yoga instructor liability insurance coverage will definitely make them choose your company over your competitors.
Insurance companies can offer yoga instructors the option of making monthly payments at no extra charge to attract and retain them for as long as they are in business.
2. Tailor-made insurance for different yoga styles
What is the need to buy your yoga insurance from a company that does not understand the risks in your area to cover them?
Before you buy your coverage, check if the company specializes in your business area. Make inquiries. Ask your colleagues for a recommendation and request information on everything from the agency. If possible, hire an independent insurance agent near you.
What are the different yoga styles that their insurance covers? Ask for a plain sheet of them all. Are there styles you teach that they do not cover?
If they cover certain yoga styles you do not teach, no problem, you can go ahead and buy your yoga insurance from them. But if some of the yoga styles you teach are not covered, you need to take a walk.
One thing you do not want to do is reject a claim when you or your student file for one as a result of an accident or lawsuit.
3rd Non-life insurance
How quickly does the insurance company respond to a claim?
Does the insurance company assign dedicated claims representatives to assist its customers in the event of an accident or a process that led to a claim?
Why this is not something you should embrace wholeheartedly because many of them are sent to represent the insurance company's interest and not yours by reducing your claims, but it is important that they have one – at least they can earn in one way or another.
When choosing the best insurance company for yoga instructor liability, you need to go with one that responds quickly to claims and is willing to guide you by navigating the process.
4. Worldwide Coverage
Before you buy yoga insurance coverage, a yoga instructor wants to know the countries you cover. No one wants to continue to get new coverage for different countries when their business expands when they can actually get it from an insurance company.
Do you offer international insurance for yoga teachers? It is important that you emphasize this on your company website because that is what these instructors want to know.
Insurance companies that offer worldwide coverage are always the best to work with. You may not know how important this matter is until an application is submitted and your cheap yoga insurance company comes up with the excuse that your studio space is not part of the area covered by your policy.
When choosing an insurer for your yoga studio, go for one that covers outside of Australia and extends to the US, Canada, UK, etc.
5. No membership fee required
Agents do not bother to show you how to reduce your yoga instructors' insurance costs. The majority of them are constantly looking for ways to get you to spend more money with them.
Of course this is not unethical but spending more for less is not why you are here. The goal of every yoga company is to make money, right? So we will recommend that you distance yourself from all insurers who require you to pay a membership fee after you have purchased your yoga instructor liability insurance from them.
This is more likely to happen when they offer you cheap yoga insurance but not in any case.
Why You Need to Protect Your Yoga Company with Yoga Instructor Liability Insurance
In the event of a claim, lawsuit, accident or fire outbreak in your yoga studio, you need someone to fall back on to carry the financial burden for you. And that's exactly what a yoga instructor liability insurance will do for you.
There are basically two types of liability insurance for yoga instructor liability; general commercial and professional.
To protect your business from being wiped off the face of the earth with a single atmosphere, you need yoga instructor insurance.