Basic dance studio insurance coverage should pay for legal expenses incurred in case of bodily harm or damage to property that happens at the studio. It will also normally cover medical expenses, up to and including dental work, related to any injury that occurs there. Some insurance companies offer plans that are actually designed to cover the specific hazards that come with managing a dance studio.
Coverage for accidents and liability is there to assist studio owners with the costs associated with a claim of injury or, even worse, a lawsuit. There are complete dance studio insurance policies available at Danceinsurancequote.com that will fully cover accidents and liability claims.
If one of your students has an accident while at your school or at a school-sponsored event, an Accident Medical policy will pay any medical bills that are covered in your plan. This type of dance studio insurance can help your dance school avoid a potential lawsuit if there are any questions about who is actually responsible after an accident.
Cost of Dance Studio Insurance
You can find a $1,000,000 liability policy and $100,000 in medical benefits coverage for only about $450 per year through Danceinsurancequote.com, although prices may change with time.
Your dance studio insurance agent should be able to tell you if an independent contractor, or an IC, is protected by your policy. Whenever you buy coverage for your studio, it’s important to ask at the time whether these workers are covered or not. There are policies that will let you pay extra to have independent contractors protected, but there are some which will not.
If independent contractors are not covered by your policy, dance studio owners must make sure that any of your instructors who work under this heading have adequate insurance of their own and that the dance studio is listed on it as an additional insured on the policy. This means that your studio is covered in case there is a claim made against that independent contractor during the time that they are working in your studio.
Independent Contractors in a Lawsuit
Say a student is injured in your studio while taking a course that is being taught by an IC and they or their parents decide to sue. If the suit names the IC as a defendant, the dance studio insurance that you have for your dance studio will not pay for their defense. Either their own liability coverage would pay for it or they would be required to pay out of their own pocket. Meanwhile, if the lawsuit lists your studio, it’s up to your policy to cover the costs of defending any claims against it and to pay out if the studio is indeed found to be negligent. If, however, the IC is found to be negligent, your dance studio insurance policy will not pay and it will become the responsibility of you as the studio owner to pay those claims.
This is why it’s so important that you insist that all independent contractors who work in your school have their own liability policy and that your studio is listed as an additional insured on it. Independent contractors can find inexpensive insurance policies to cover their services at Danceinsurancequote.com
Options for Hiring Independent Contractors
You can either require that all independent contractors who work for you have liability insurance and that your studio is named as an additional insured on their policy or you can buy coverage for them. This can sometimes be done through your own dance studio insurance policy, but if that isn’t possible, you can buy another policy under your independent contractor’s name.
If you want to add more activities to your class schedule, especially things like aerial hoops, acrobatics, Pilates, yoga or an aerobics or fitness class, you’ll want to check with your agent to see if they are covered under your policy. If they are, you may find that they have requirements on how these classes are carried out, like the height of the beam, for example. Not all dance insurance policies have these requirements, however. Be sure that you are as clear as possible about the nature of the activities and what kind of equipment will be used during the classes.
The cost of adding these classes to your policy will be based on which activities you decide to offer and how often, as well as how many people participate on a regular basis. Anytime that you’re thinking of adding to your roster of activities, it’s best to contact your agent first to find out just what options are available to you.
Parties & Events
There are policies which will cover extra activities, things like birthday parties and bachelorette parties, for a higher rate per student. As long as the event is a function of your dance studio, a policy from Danceinsurancequote.com will cover the event if all of the participants are accounted for when you apply for the coverage.
Off-site Recitals & Performances
This is another instance when it is important that you check with your agent to see if your dance studio insurance policy’s coverage relates to any off-site activities. Because there are so many different types of policies now available to dance studio owners, you’ll want to double check that you are getting the right coverage for your business when you buy your insurance. Although some studios often perform at off-site events, there are many which do not, so this type of coverage is based on each school’s individual requirements.
Additional insured refers to a person or group of people who are covered under an insurance policy, in addition to the original policyholder. It usually comes into play whenever you need coverage for those associated with a recital or an off-site event. That way, the venue where your dance studio performs is protected against claims that might arise from any of the school’s functions there.
Accusations of Student Abuse
When you are looking into what kind of dance studio insurance to purchase for you studio, you should know that some insurance policies will protect you against claims of abuse or molestation, while others do not. If it isn’t covered in your policy, it can usually be added in at an additional charge as an optional plan. This way, if your studio faces accusations of abuse of a student, your legal defense costs will be covered up to the amount of the policy limit.
Depending on what you want and need, you will find plenty of property insurance plans available to you. For those who are renting, you should talk to your landlord and ask him to tell you what insurance is required of the tenant. Because the landlord normally has property insurance, you really only need to have coverage on your personal and business-related property that will be on the premises, as well as on any tenant improvements that you make.
There are policies that will cover the actual building and any equipment or fixtures, furniture, retail inventory, electronics, important documents and tenant betterments, like a new floor for your studio or mirrors and a barre. This type of insurance may also cover any lost income in the event that your dance studio has to close. There are other kinds of policies that only offer compensation for your business property and will only cover damage to the structure if it was a tenant improvement or betterment.
Mirrors & Dance Floors
Your accident and liability coverage will view special equipment like mirrors and dance flooring as business personal property. They will normally be covered by your policy, as long as you meet the policy deductible and have purchased property coverage.
Your dance studio insurance policy should provide coverage for your studio in case one of your employees is accused of negligence. It will not, however, provide the Worker’s Compensation or Disability protection that you are required by law to carry.
How Much Insurance to Buy
Renters should contact their landlord in order to determine what is required under their lease. Generally, studios will carry anywhere from $1 million to $3 million in liability insurance coverage.
Commercial General Liability will protect the insured from claims of property damage and bodily injury that occurs on the site or due to the operation of the dance studio.
Legal Liability to Participants is coverage which protects against claims of bodily injury by a person who is taking part in one of the insured activities at your school.