Dance Studio Insurance in Vermont
What is dance studio insurance?
Running dance studios can be enjoyable and profitable work, but certain risks accompany this type of business. For Vermont dance studios, dance studio insurance can provide important protections against many of the risks these businesses face.
Dance studio insurance policies are specialized commercial policies for businesses that teach dance. Most policies come with a combination of liability and property coverages that provide robust protection.
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What businesses in Vermont should carry dance class insurance?
Most Vermont businesses that offer dance instruction or have dance companies should have dance class insurance. This includes studios that provide youth instruction as well as professional studios.
What coverages are offered by dance class insurance policies?
The liability and property coverages that are included in dance class insurance policies can vary, but they usually include coverages such as:
- General Liability Coverage, which may cover common accidents occurring within a studio’s space
- Medical Payments for Participation Coverage, which may cover injuries that class participants sustain
- Sexual Abuse and Molestation Coverage, which may cover sexual improprieties committed by studio staff
- Professional Liability Coverage, which may cover incorrect instructions that class instructors provide
- Commercial Umbrella Coverage, which may provide supplemental liability protections
- Business Property Coverage, which may cover a studio’s space and/or equipment
There are still many other coverages that studios might be able to get and might want. An insurance agent who knows dance studio policies well can help studios explore all of their coverage options.
Do dance class insurance policies come with workers’ compensation coverage?
Workers’ compensation coverage normally provides compensation if employees are injured while working, which is certainly a risk anytime employees are involved in physical activity. Most businesses that have employees are required by state law to carry the coverage.
Thus, dance studios usually need workers’ compensation for their employees. Coverage might not be required if independent contractors teach classes, but it generally is for employees who teach or perform administrative work.
Whether workers’ compensation is purchased within a dance studio policy depends on the particular policy. Some policies include the coverage as an option, but others leave the coverage to be purchased via its own, separate policy. In either case, the coverage is readily available.
Do dance studio policies extend coverage to aerial dance maneuvers?
Performing aerial dance maneuvers obviously can increase the risk of injury. For this reason, many dance policies don’t include coverage for aerials within their standard protections.
If coverage is needed for aerial dance maneuvers, studios can work with a knowledgeable insurance agent to find the necessary protection. It might be available as an add-on protection, or through a specific policy.
How much are premiums for dance studio policies?
Dance studio policies’ premiums are based on multiple factors and thus vary from one policy to another. A studio’s location, size, types of classes, chosen coverages and past claims history are just some of the factors that impact the cost.
Even though premiums vary, they tend to be quite affordable. The cost of a policy almost certainly is less than what a major lawsuit or loss might cost.
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