Dance instructors require multiple policies to insure their studios, as there isn’t one policy that covers all of their risks. Instructors can get bundled insurance coverage through a business owner’s plan (BOP), to provide comprehensive protection for the most likely losses. BOPs are $300 per year for dance instructors.
Although landlords may require dance studio owners to have building tenant insurance, they might not need to add any additional policies. They still have exposures in many areas such as employee and student injuries. Clients prefer to work with properly insured businesses. Dance instructors should have a mix of policies to protect them from the most serious risks. Dance studio insurance usually includes general liability, renters, property coverage, workers’ compensation, and general liability.
It doesn’t matter if you run a studio or teach dance, it is crucial to have insurance that covers your interests. The Hartford can help you choose the right coverage for your company with a simple, no-obligation application. You can get the coverage you want and the confidence you need in just a few minutes.
- 1 Dance Instructor & Dance Studio Insurance Prices
- 2 What Dance Studio Insurance Covers
- 3 What Dance Insurance Doesn’t Cover
- 4 Types of Dance Instructor Insurance and Dance Studio Insurance
- 5 Insurance providers for dance instructors
- 6 Bottom line
Dance Instructor & Dance Studio Insurance Prices
Instructors may need multiple policies. It is important to add up the cost. If studio owners and dance instructors bundle their coverage, they will get the best deal. BOPs are generally less expensive than purchasing separate liability and business property insurances. They start at about $400 per year.
Costs for insurance on dance studios vary from one state to the next. These are the typical starting costs of policies for policies that are based on a gym measuring 2,000 square feet with one clerk and $100,000 worth of fitness and business equipment.
Dance Instructor & Dance Studio Insurance costs & Deductibles
|Types of insurance||Average Premium Cost||Maximum Coverage||Deductible|
|BOP||400 to 3,500||$1 Million liability + $30,000 Property||$500|
|Professional Liability Policy||From $450 to $1.200||$1 Million||$500|
|Workers’ Compensation||From $500 to $3,000||$1 Million||$500|
|Commercial Auto Insurance||Vehicles from $3,840 to $4,4200||$250,000||$500|
There are many factors that can affect the cost of insurance for dance instructors, such as:
- The property and equipment value: Property insurance costs for dance classes taught at home are lower than those that require expensive equipment in a studio.
- Your experience: Your professional history in dance and any past claims will have an impact on the cost of your professional liability insurance.
- Workers: The higher the cost of workers’ compensation, the more employees you have.
Some insurers may not cover you if you offer a wide range of fitness services in your studio, or subcontract to other people who do. Don’t be discouraged: tell your agent what you need so that they can help you find the right policy.
Tip – Although bundling multiple policies can often provide the best dance studio insurance rates, it is a good idea to shop around first. To get quotes from small-business insurance companies, you can either work with a broker or browse the internet. Compare different policies premiums, limits, deductibles and other factors to ensure you get the best insurance for your needs at the lowest price.
What Dance Studio Insurance Covers
The liability insurance for dance studios covers injuries that result in bodily injury, property damage and financial loss. Professional liability may also be covered by insurance for dance instructors, such as teaching incorrectly a move or causing injury to another person.
Additional policies can be purchased to protect personal and business property, as well as buildings and employees from damage.
Dance studio insurance covers the following areas:
- Slip-and-fall accidents can cause injuries to clients and consumers.
- Clients who have items that are damaged or broken may suffer personal property damage
- Fire, theft, vandalism and other similar events can cause damage to the studio or its physical assets.
- Dance studio instructors are being sued for allegedly failing to provide adequate professional advice and/or a lack of service that resulted in financial or other harm to their clients.
- Employees who are injured while working in the studio may sustain injuries or lose their wages.
Business insurance requirements can be complicated, especially for exercise venues like dance studios. A dance studio may not require the same type of business insurance coverage. While some may choose to have more coverage for one-in-a lifetime accidents, others might feel that smaller claims are not worth the expense and opt for higher deductibles in order to reduce costs.
Tip Make sure you carefully review your insurance policies to ensure that you are fully covered in case of loss. Many dance instructors travel by their own vehicles to get to their studios and their students’ homes. They assume that their auto insurance will cover them. This is often not the case, as most personal auto policies exclude commercial driving.
What Dance Insurance Doesn’t Cover
Dance studio insurance is no exception to any insurance policy. There are many insurance companies that offer different policies, so make sure you check the exclusions before purchasing your policy. This will let you know what to expect from your coverage. Most claims that are denied are due to the studio owner not choosing the right coverage or policy. It saves you a lot of frustration and headaches by doing your research ahead of time.
There are some situations that insurance for dance studios doesn’t cover:
- Illegal actions, including false promises and guarantees: A student telling another that “You will be on Broadway within a year” is a guarantee.
- Privately labeled clothing and products: Selling supplements or dance clothes under your name requires a separate insurance policy. This policy must include a different risk category or a provider who can tailor it.
- Programs for minors may be restricted or excluded
- Other services and classes: Classes in martial arts, drama, yoga and crafts may not be included unless they are specifically added.
- Student injury in class: Students are usually exempted from injuries to their bodies during dance, unless they have medical payments coverage.
Tip You may need to add classes such as yoga, Pilates or fitness to your studio. Pricing for additional coverage can vary depending on how often these classes are offered and the risk level.
To ensure you receive the correct quote and that your claims are covered, be as detailed as possible when filling out applications. You can always call your insurance provider to verify what is covered.
Types of Dance Instructor Insurance and Dance Studio Insurance
Protecting dance instructors from lawsuits and claims is essential. General liability claims are most common. However, workers’ compensation and professional liability claims can quickly cause financial ruin to small businesses that don’t have the right insurance policies.
The Most Popular Types of Dance Studio Insurance
|Types of insurance||It covers|
|BOP||General liability and property damages claims|
|Professional Liability Policy||Claims arising out of an instructor’s professional teaching or advice|
|Workers’ Compensation Insurance||Studio employees are at risk of injury|
|Commercial Auto Insurance||Auto accidents can cause damage to vehicles and increase liability|
|Accident Coverage||Students who are injured during a performance may be eligible for a limited amount of health care, usually the deductible.|
Every dance instructor should have a BOP policy. The policy covers two types of important coverage: property and general liability. In the event that a non-employee is hurt at the studio, a general insurance policy is required for a dance instructor. A BOP covers the cost of repairing or replacing damaged buildings and equipment.
A BOP would pay for student injuries or medical bills if they slip in the changing area. If the student is sued, your legal fees would be covered by the policy.
Tip To understand the definition of an insured individual, it is a good idea to go through your liability insurance policy. Although employees are generally covered, most policies don’t provide insurance coverage for independent contractors. Your instructors who are not employees would have to prove that they have their own insurance.
Professional Liability Policy
If a client is injured, there’s a chance that dance instructors could be sued. A professional liability policy will cover claims if an instructor recommends to a student a diet that leads to the student being admitted to the hospital.
A professional liability policy is a policy that covers you if your student sues you. Your legal defense is best served by your own policy, even if you have extended coverage.
Professional liability can cover losses resulting from misleading statements made by instructors about the services they offer. Professional liability coverage is also required when an instructor is sued because he or she gave poor advice about nutrition or for giving dangerous instructions.
Workers’ Compensation Insurance
Many dance studios have multiple instructors, support staff such as cleaners and receptionists. Employers in the United States are required to purchase workers’ comp to cover injuries sustained on the job.
These rules vary from one state to the next. Texas does not require coverage. Other states do not require that you purchase a policy until there are several employees. A policy will cover workers who are injured and pay for medical expenses as well as disability benefits. Workers’ compensation insurance covers any injuries that result from a studio worker falling.
Commercial Property Insurance
Commercial Property Insurance is required for dance instructors who own the building where they teach. It covers their building and contents like furniture and equipment. Commercial property insurance covers the cost of replacing or repairing damaged items due to fire, theft or other natural disasters.
Many people think that their property is covered under their general liability coverage. This is especially true if they see “property liability.” Property damage liability covers only damage to other people’s properties. Commercial property insurance is required if you want to protect your furniture and other property in the event that it is damaged or lost.
Tip If your studio is rented, you should make sure that your policy covers not only yourself but also the owners. Talk to an agent if you have any questions about the policy.
Commercial Auto Insurance
Commercial auto insurance is important if you are required to travel to other locations to instruct students or transport them in company vehicles. You can also add coverage to cover damage to your vehicle when you drive for work.
Instructors who travel to distant locations to teach require commercial auto coverage in the event of an accident. It is a good idea to speak to your agent about any possible lawsuits that could result from an accident at your dance studio if your car contains any advertising. Your business could be sued by people simply because they recognize the name of your company and believe it is worth more than you.
Accident Insurance & Medical Payments
Unless you are added to the rider, accident insurance and medical payments are usually excluded from insurance for dance studios. This coverage covers medical expenses for someone who is injured in an accident that was not their fault.
A dancer who falls from a jump and twists her ankle is an example of a covered medical expenses. This is not a professional liability claim. It is also not a slip-and fall that would be covered under general liability. If the student cannot afford their medical deductible, they may have to sue the studio.
Insurance providers for dance instructors
Insurance is different for different types of dance studios. Although you might be able to get all your insurance needs covered by national companies, you may need to use a smaller insurance provider for special circumstances.
Top Dance Instructor Insurance Providers
|The Hartford||Local dance studios offering lessons and performing at events|
|CoverWallet||Mixed-use dance studios for all sizes, with dance, art and exercise classes|
|Hiscox||Dance instructors who are able to work in multiple studios and/or give private lessons.|
|Studios that offer extensive after-school programs and have contracts for children’s programming|
|Sadler Sports & Recreation Insurance||Owners of dance studios that also offer yoga and tumbling lessons|
The Hartford offers policies nationwide for small businesses. The Hartford is known for its innovation and affordable policies.
For dance studios that offer lessons at local fairs and schools, Hartford is the best choice. Comprehensive coverage is available for dance instructors, which includes medical payments for students who are injured while teaching.
CoverWallet works as an online broker to place business insurance for businesses across the country. To ensure that every small business owner has the right coverage at the right price, this provider works with over two dozen of the best-known insurance companies.
CoverWallet is the best option for a studio that offers many dance classes both in-studio and at other locations. They also have the facility to use for art, drama and exercise. CoverWallet can access many carriers so it can tailor policies to suit its clients.
Hiscox is a specialist in small business insurance and understands the risks that specific industries face, such as dance studios. Hiscox can offer customized coverage to clients in the dance studio sector because of this knowledge. Dance instructors and studio owners have the option to pay their annual premiums monthly, at no extra cost.
Hiscox is the best choice for dance instructors who want to protect their business interests or need to present certificates of insurance to studios that they contract with. Hiscox is the market leader in independent contractor insurance because they can price sole proprietor policies within a budget that suits all budgets.
All over the country
Nationwide offers personal insurance, including auto and home coverage. There are also extensive options for small-business insurance. Nationwide provides insurance for general liability and business interruption to help business owners protect their assets and property.
Nationwide is an excellent option for studio owners that offer child care programs at a primary studio, or at a third-party location such as a school. Nationwide offers comprehensive coverage that covers many risks associated with studio owners, including accidents on-site and off-site.
Sadler Sports & Recreation Insurance
Sadler Sport & Recreation Insurance provides insurance for higher-risk businesses that are more susceptible to injury. Bundled programs are offered that include general liability, business properties, and industry-specific inclusions like medical payments.
Sadler Sports & Recreation Insurance is the best choice for studios that offer more than dance lessons. They also need a policy that doesn’t exclude other programs such as yoga, tumbling or drama lessons. Sadler Sports & Recreation is a specialist provider and can create policies that are specifically tailored for dance, fitness, or sports operations.
Comprehensive insurance for dance instructors and studio owners is essential to ensure that they are protected against any loss. You’ll be covered if your employees get hurt, property gets damaged or you are sued.