Dance Studio Insurance: Cost & Quotes From $11

Homepage > Business Insurance  >  Dance Studio Insurance: Cost & Quotes From $11

Just like gyms, martial arts studios, aerobics studios, and yoga studios, your dance studio needs insurance too. Dance studio insurance is a specialized insurance plan that covers lawsuits, employee-related issues, business income loss, business property loss, and others. Read this guide to know:

• How much to pay for premiums

• The function of each policy commonly  included in dance studio insurance plans

• Where to get the best coverage

How Much Does Dance Studio Insurance Cost?

This table shows the cost of the most useful types of insurance policies for dance studios:

Dance studio insurance cost $37 per month or $444 per year for a $1 million general liability insurance. This assumes that you have 5 employees and make $500,000-$750,000 per year. 

Location, revenue, business size, number of employees, claims history, and business history affects the cost of premiums. Consider doing these things to decrease the cost of dance studio insurance:

• Have students sign off waivers

• Have high deductibles

• Remove floaters from your policies if they’re useless

• Only work with licensed dance instructors 

In addition, here’s another table showing the cost of the companies we recommend for dance studio insurance:

General Liability Insurance For Dance Studios

General liability insurance is a common inclusion in dance studio and dance school insurance programs. This grants protection when a claim for bodily injury or property damage is filed by students, visitors, independent dance teachers, independent zumba instructors, barre instructors, and other third parties.

Use the table above to compare the quotes of general liability insurance for dance studios.

About 100% of dance studios get general liability insurance. Here are some example situations where you'll find this useful:

• A student gets injured during a dance class and demands you pay for medical treatment

• A visitor or student loses their belongings while in your studio and demands compensation

• You hired a guest dance instructor to conduct a class, and she gets injured while teaching

• A spectator fell from the chair while watching a performance held in your dance studio

By having general liability insurance, your dance studio can cover these costs without incurring financial losses:

• Medical treatment of the claimant

• Reimbursement for the damaged property of the claimant

• Defense costs such as attorney fees, court filing fees, investigation fees, etc.

• Court judgments

Add-ons are usually included in the general liability insurance for dance studios. Expect the policy to offer these:

• Tenant legal liability coverage

• Products and completed operations coverage

• Equipment and tools coverage

• Waiver of subrogation

• Hired/non-owned auto liability coverage

Professional Liability Insurance For Dance Studios

Your dance studio can be held liable for the issues that its teachers or instructors committed during a class. Because of this, consider getting professional liability insurance.

Use the table above to compare the quotes of professional liability insurance from companies we recommend.

Professional liability insurance covers settlements, defense costs, and court judgments if a claim is filed because your full-time, part-time, or independent dance instructor did any of these:

• Inaccurate advice

• Failed to provide assistance while the student is executing a routine

• Asked the student to perform a routine that’s not fit for his or her physique and age

• Verbally abused a student during the class

Depending on which insurance company underwrote it, professional liability insurance can also cover these exposures:

• Claims for sexual abuse and molestation

• Lawsuits and investigations filed by licensing boards against your studio’s dance teachers

• Lost income as a result of frequent attendance to court trials

Commercial Property Insurance For Dance Studios

Your dance studio needs a physical space, which can be an owned/leased condo, dedicated building, or a modified gym.

The building is one of your most expensive assets as a dance studio owner. Your finances might be crippled if something happens to it.

Protect your dance studio’s commercial space and ensure the continuity of operations even if disasters arrive by purchasing commercial property insurance.

Use the table above to compare the quotes of commercial property insurance for dance studios.

Commercial property insurance will cover the repair or replacement costs if your dance studio gets damaged or destroyed by:

• Fire

• Theft

• Vandalism

• Civil commotion

• Riot

• Volcanic action

• Sinkhole collapse

• Lightning

• Weather

• Impact

• Aircraft

• Falling objects

• Vehicle

• Sprinkler leakage

Note that commercial property insurance also reimburses losses if speakers, television, employee personal property, important documents, furniture, and other valuables get damaged or destroyed while inside your dance studio.

In addition, your dance studio’s commercial property insurance might come with additional perks. The most common ones are:

• Inland marine floater

• Employee dishonesty floater

• Business interruption floater

• Key lock loss and replacement floater

• Equipment breakdown floater

Commercial property insurance doesn’t cover war, floods, mudslides, avalanches, and landslides. The same applies to normal wear, tear, and corrosion of the building and its contents.

Equipment Breakdown Insurance For Dance Studios

Equipment breakdown insurance is also a common inclusion in dance insurance programs for studios and instructors.

You will find this offered as a stand-alone policy or as optional coverage in general liability insurance or commercial property insurance. Use the table above to compare the quotes of dance studio equipment breakdown insurance.

Equipment breakdown insurance protects the speakers, MP3 players, lighting, computers, projectors, and other items for a dance class. Coverage applies when damage or loss happens because of:

• Fire

• Theft

• Vandalism

• Mechanical breakdown

• Electrical breakdown

• Operator error

• Impact

• Mysterious disappearance

Business Owner’s Policy For Dance Studios

Insurance programs for dance studios can offer a business owner’s policy. This is a great option if your dance studio is picking its space. Use the table above the compare the quotes of business owner’s policy for dance studios

A business owner’s policy fuses general liability and commercial property insurance-two types of coverage that growing businesses need-into one insurance product. About 83% of dance studios purchase this.

The cost of a business owner’s policy is cheaper than when you bought commercial property and general liability insurance for dance studios separately.

Most business owner’s policies for dance studios come with add-ons and grant more comprehensive protection. Common optional inclusions are:

• Cyber liability insurance

• Business interruption insurance

• Inland marine insurance

Events Insurance For Special Dance Classes

Consider getting events insurance during times when your dance studio hosts special dance classes or any other event such as public shows and competitions.

Use the table above to compare the quotes of events insurance for special dance classes and other related events.

Events insurance is a short-term coverage that offers general liability or public liability insurance for dance classes. This will cover the resulting cost if the attendees of your special dance class event sustain bodily injuries or property damage.

Aside from general liability or public liability insurance, events insurance for dance classes also offers:

• Key person coverage

• Event postponement or cancellation coverage

• Rain coverage

• Equipment and tools coverage

• Rented premises liability coverage

Commercial Auto Insurance For Dance Studios

Consider getting commercial auto insurance if your dance studio owns a van or minibus for out-of-town trips or taking students and instructors home after dance classes.

Commercial auto insurance covers unfortunate events that happen while your dance studio is using its commercial vehicle for day-to-day operations. It has a lot of functions that we summarized in the bullets below:

• Cover the medical treatment or property damage of third parties who get involved in an accident that your dance studio’s vehicle caused

• Pay for the replacement or repair of parts if your dance studio’s vehicle sustains damage because of fire, theft, vandalism, and other covered perils

• Pay the hospital bills and treatment of the driver and passengers in the event that your dance studio’s vehicle gets involved in an accident caused by an insured/underinsured driver

• Reimburse extra expenses if you need to rent because your dance studio’s vehicle is under repair

Most insurance companies that provide coverage for your dance studio’s car might offer these add-ons in their commercial auto insurance:

• Trailer and equipment coverage

• GAP insurance

Workers Compensation Insurance For Dance Studios

Get worker's compensation insurance if your dance studio employs one or more full-time and part-time dance teachers

The law requires you to cover dance teachers, who are part of your company’s regular payroll, with workers' compensation insurance. Non-compliance will result in a cease-and-desist order, fine, or imprisonment.

Dance instructors can sustain sprains, fatigue, fractures, musculoskeletal disorders, and other injuries. If this does happen to those working for you, workers' compensation will cover the resulting expenses such as:

• Medical treatment

• Hospitalization

• Medication

• Rehabilitation and retraining

• Lost wages

• Funeral expenses and allowance to dependents in case of death

There’s no need to get workers' compensation insurance if your studio’s dance instructors are independent contractors.

Nonetheless, workers' compensation insurance allows you to name independent contractors as additional insureds if they request to be covered. By the way, you can also name yourself as an insured in the terms of the policy.

Employer’s Liability Insurance For Dance Studios

Employer’s liability insurance grants protection when an employee holds your business liable for his or her work-related injury or disease.

You can use this insurance to cover settlements, defense costs, and court judgments. Employer’s liability insurance is sold as part of workers' compensation insurance.

Some insurance companies allow you to remove employer’s liability insurance from workers' compensation insurance if you don’t need it.