Insurance for Dance Studios and Dance Instructors

If you teach dance or run a dance studio, you have likely put your time, energy, and passion into creating an environment where your dancers can learn and grow. Starting a dance studio isn’t a light decision. It requires business savvy, enthusiasm for dance, and a financial commitment. Whether you teach ballet, jazz, hip hop, or another kind of dance, protecting your studio with insurance coverage is a wise choice.

What Kind of Dance Studios Should Consider Insurance?

Whether you have 10 students or 1,000, you should consider getting commercial insurance coverage. Different types of studios that should consider coverage are:

• Rec Center/ Community Center Dance Classes
• Ballet Dance Studios
• Jazz Dance Studios
• Country Western Dance Studios
• Belly Dancing Studios
• Competitive Dance Studios
• Ballroom Dance Studios

Why Your Dance Studio Should Have Insurance

While you may not think of a dance studio having risks, consider these scenarios:

• A grandparent drops their grandchild off for dance lessons. They trip on a loose stair tread, fall, and end up breaking their wrist and needing medical attention.
• You create a promotional video for social media using video from performances set to a popular song. You receive a copyright notice and now are facing legal action.
• Your studio is damaged in a storm. You now need to replace all of the flooring, work with remediation specialists, and replace all of your costumes.
• After instruction time, a group of students are playing around equipment when an accident occurs and a student sprains their ankle.

General Liability Insurance for Dance Studios

General liability insurance helps protect your business against financial liabilities that result from certain types of accidents for which you are legally liable. General liability policies apply to claims for bodily injury or property damage that your business causes to third parties.

Commercial Property 

Commercial property insurance can help protect your business against certain types of physical damage to your building and the contents within. Whether you own the building or lease the space, commercial property insurance is highly recommended. The following are some of the assets commercial property can help insure:

• Your building
• Your equipment, like speakers and sound equipment
• Outdoor signage, banners, and other materials

Professional Liability Insurance 

Sometimes called errors & omissions insurance, professional liability insurance can help protect you if a customer believes that a mistake you made in connection with your professional services caused them harm and decides to sue you. In today’s legal landscape, it may make sense for your dance studio to consider this coverage.

Business Owners Policy (BOP)

A BOP, or business owner’s policy, typically bundles two common insurance coverages- general liability and commercial property. Usually, these policies come with a cost savings compared to buying the coverages separately. Depending on what insurance carrier you go through, additional coverages may be available to add-on to a Business Owner’s Policy, such as data breach insurance. In order to see how much your business will pay for a BOP, you can request a quote.

Workers’ Comp

If your business has even one employee, workers’ compensation may be legally required. Worker’s Comp can help cover medical bills for employees who are injured or become ill because of work related events. It can also help cover a portion of lost wages.

Business Interruption Insurance

When your business is interrupted by a covered peril, there are some typical expenses that might be covered by business interruption coverage, subject of course to policy limits and conditions. These expenses usually revolve around lost profits and the costs your business may incur due to relocating for a period of time. The following are some common expenses that business interruption insurance may reimburse you for during the covered period:

• Lost profits
• Mortgage & Rent
• Taxes
• Employee Wages
• Loan Payments
• Advertising
• Training Costs
• Relocation Fees

Insurance Quotes for Dance Studios

What a dance studio or instructor might pay to cover their business can depend on a few different factors, such as:

• The services you offer
• The insurance coverages you choose
• The number of employees your business has
• Where your business is based out of

Coverage types and limits will also determine your annual insurance costs, as may other relevant factors. You can request a custom quote by filling out our online form here, or you can call one of our local offices to start the process.

 

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This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.