Insurance Cost for a Yoga Studio: Key Factors That Affect Your Rate
- Feb 9
- 2 min read
Running a yoga studio involves more than offering relaxing classes—it requires protecting your business against financial risks. Understanding what drives the cost of yoga studio insurance helps studio owners budget effectively and choose coverage that fits their operations.
Typical Yoga Studio Insurance Costs by Coverage Type
General Liability Insurance: Covers bodily injury, property damage, and legal defense if a client is injured on your premises.
Estimated Cost: $400–$1,200 per year for small studios; $1,500–$3,000 for larger studios.
High-risk classes like aerial yoga may increase premiums.
Professional Liability Insurance (Instructor Coverage): Protects instructors against claims of negligence, improper guidance, or teaching errors.
Estimated Cost: $300–$1,000 per year depending on class types, instructor numbers, and revenue.
Workers’ Compensation Insurance: Required if your studio has employees, covering medical costs and lost wages for work-related injuries.
Estimated Cost: $500–$2,500 per year for small studios; higher for multiple staff or high-risk activities.
Commercial Property Insurance: Covers studio property, equipment, furniture, and loss due to fire, theft, or natural disasters.
Estimated Cost: $500–$2,000 annually depending on studio size, equipment value, and location.
Business Interruption Insurance (Optional): Replaces lost income if your studio cannot operate due to a covered event.
Estimated Cost: $200–$800 per year; often added as a rider to property insurance.
Key Factors Affecting Premiums
Class Types and Activities: High-risk classes increase exposure and cost.
Number of Instructors and Staff: More employees increase liability and workers’ comp premiums.
Studio Size and Property Value: Larger studios or high-value equipment increase property insurance costs.
Revenue and Client Volume: Higher revenue may raise liability coverage limits.
Safety Protocols and Claims History: Implementing waivers, certifications, and safety measures may reduce premiums.
Get a Quote From Wexford Insurance
Navigating insurance for a yoga studio can be complex. Wexford Insurance specializes in wellness business coverage, offering personalized solutions that protect your instructors, clients, property, and operations.
👉 Request a free yoga studio insurance quote from Wexford Insurance for a customized quote and ensure your yoga studio is fully protected.
