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What is GigBOP - Business Owners Policy for Yoga Instruction Services?
Business Owners Policy covering Business Personal Property & General Liability with options in Employment Benefit Liability, Professional Liability, and Hired Non-Owned Auto Liability. Designed and tailored solutions for risks related to Gig Economy and emerging industries. Specifically created for home-based business, shared workspace offices, and limited footprint companies.
Businesses eligible for the GigBOP include: Artisan/Servicing Manufacturing, Direct Retail Sales, Online Retail Sales and Services. We have more than 75 classes available.
Competitive Commissions: We pay competitive commissions on premium collected.
GigBOP at a Glance
Why do Yoga Instruction Business Owners need insurance?
Yoga is an art and science of healthy living. Yet this practice is not exempted from dangers and risks. The stress of expenses coming out of the blue while teaching yoga is not good for the health, especially if you do not have the money to pay for those expenses.
It is good to know that yoga instructors can now be covered by yoga teaching businessowners policy. SynchronoSure® promotes GigBOP, a micro-businessowners insurance for small businesses in the gig economy including the growing yoga industry.
New yogis have tendencies to suffer from sprains, strains, muscle pain, soreness, and tendinitis. That’s normal. When yoga is done the right way, it can lead to a healthier and happier life of the yogi or the person who practices yoga. However, when yoga is done wrong, usually apart from the guidance of the instructor, it can lead to serious body injuries such as stroke, paralysis, spinal injury, serious muscle damage, or sometimes it can lead to permanent disability. There are lawsuits filed against yoga instructors for alleged yoga-related injuries. To be protected for false allegations in the time to come, get your yoga teaching insurance now.
An insurance for yoga instructors is liable for the damages and third-party injuries in the studio. To give an example, a woman in your yoga class gets a deep cut after a mirror fell over her. You will be held liable for the damage and the hospitalization of the student because the accident happened within your business environment. Another instance is that you or your fellow yoga instructor may be sued when a student misinterpreted the instructions given for an adjustment. In a yoga class, the students are not forced to physical manipulation. Yoga teachers must get verbal or non-verbal permission from the student if they agree to the method, especially the new students. This way, they can agree with the terms and conditions of the classes. But even if both parties are in one accord before the start of the yoga lesson, dangers and risks of lawsuits can still take place anytime. Yoga instructor insurance is your defense against potential hazards that can cause anxiety. Stay healthy inside and out by staying insured with our GigBOP insurance.
Accepts payment via credit card or ACH. Policy forms, invoices and policyholder notices are sent electronically.
Visit the Insurance-As-A-Service™ Resources page available to policyholders for access at your fingertips a suite of value added resources for legal, human resource management, risk management, mental health, ergonomics and loss mitigation services.