Other business insurance products for Additional Protection
Risks for Yoga Instructors and the entire health industry are not only related to practice but to business operations as well, depending on the size of your business. For business owners, you may get protection from the additional insurance policy that can assist your business as it grows.
Is specifically for private companies and covers claims of wrongful management, employment practices breaches (wrongful dismissal or discrimination actions), crime (theft by employees or third parties), tax audit and statutory fines and penalties.
This may cover equipment and property damage from accidents, losses due to theft, fire, glass but not limited to. You may also want to consider Business interruption, for the potential loss of income, under certain sections of the business policy.
Tax Audit Insurance
Whether you run a large or small business or work as a contractor, this may cover for tax auditing by the ATO.
If you maintain a website or a digital record of your customers’ personal information, especially online, you are at risk of a data breach. This policy covers you from data theft.
Workers’ compensation is vital protection for costs related to an injured employee during operating hours.
Personal Accident and Illness Insurance
This is for every individual who is taking the time to recover from an injury or illness and unable to work.