When you also have equipment or operate from a studio
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
General Liability insurance covers a broad range of possible incidents that can happen at your dance studio including: Bodily injuries to customers (or other third parties), such as breaking a leg or spraining an ankle and third-party property damage, such as an employee spilling water on a dancer’s bag and damaging their laptop.
If you have more than 3-5 employees working in your studio, you may need to obtain Workers' Compensation. Depending on the state you operate in, Workers' Compensation is often required. It provides medical expense coverage and rehabilitation for employees who are injured or become sick at work. And coverage for an employee’s lost wages while they're unable to work.
Business Interruption is a type of insurance that covers the loss of income that your business suffers due to a disaster-related incident that forces your dance studio to close. The income loss may be due to a fire, property damage and other related risks. The insurance will cover the lost profits, rent, taxes, utilities, payroll, advertising and relocation fees.
Dance studios can attract many patrons wanting to acquire a new skill or get in shape. However, the nature of the work done in dance studios, from practicing choreography to teaching fitness classes, so it can be very risky.
When teaching choreography or rehearsing for a performance, an accident can happen. A dancer may slip and break a leg, a costly medical expense. Dance studio equipment, such as speakers and mirrors, also face the risk of being damaged. Also, if you teach a Zumba class and a participant bumps into and breaks the sound equipment, you will end up having to pay for all damages including injuries, equipment, and your studio. With such risks in mind, insurance for dance studios can be incredibly valuable.
Insurance for dance studios can differ in cost depending on the types of coverage you need. In addition, factors such as the type of building used for the studio, the number of employees and the number of participants can influence the price of your selected insurance. It just takes you a few minutes to get a free quote and determine the actual insurance costs.
Dance studios come with many risks, here are some of those:
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