FAQ_category: (HIDDEN) Industry FAQs

At Gild, we recommend every hair salon owner protects their business with: 

• General Liability Insurance to cover client injuries and accidental property damage. 

• Professional Liability Insurance  for claims tied to beauty services like hair treatments or chemical applications. 

• Commercial Property Insurance to protect your space, equipment, and tools from theft, fire, or vandalism. 

• Workers’ Compensation Insurance if you have employees, covering workplace injuries. 

• Business Interruption Coverage to help with lost income during unexpected closures. 

Gild can help you pick a policy that fits your shop’s size, services and set-up with no guesswork required. 

Yes! If you’re teaching outside of a studio, you’ll need: 

• Your own general and professional liability coverage. 

• Coverage that applies to multiple locations, including private homes and corporate offices. 

• Documentation to meet venue or client requirements. 

Studio policies typically don’t extend to independent contractors. 

On average, yoga studio owners pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

Yes! Insurance can cover injuries such as: 

• Sprains or strains from physical movement. 

• Falls or slips in class or common areas. 

• Claims of overexertion, poor instruction, or improper adjustments. 

These incidents are more common than many realize. 

A tailored yoga studio should include these core coverages: 

• General Liability – protects against client injuries like slips, falls, or strains on your mats or props. 

• Professional Liability (E&O) – crucial if a student claims your instruction caused injury or pain. 

• Commercial Property or BOP – covers your studio space, equipment, sound systems, and office supplies. 

• Inland Marine (Equipment) – ensures coverage for items moved off-site, such as blocks, straps, or portable speakers. 

• Workers’ Compensation – legally required in most states if you hire instructors or staff. 

Without these protections, one accident or error could turn into a financial setback. Building the right insurance plan is key to protecting your practice, your team, and your peace of mind.