A really important aspect of a yoga insurance program is whether it uses occurrence form coverage or claims made coverage. Occurrence form coverage says that it doesn’t matter if you file a claim after your policy expires for a claim event that happened during the time when the policy was active - the claim is still covered. Our yoga insurance program gives you a full two years after your policy has expired to report a claim.
For example, you provide a yoga class on 12/15 and then on 12/31 your yoga insurance policy expires. Months later, you get word that a student in your 12/15 class is filing a claim against you. With occurrence form coverage, you can still file a claim even though your policy has long-expired. Claims made coverage is the opposite - it says if the policy is expired, no claims will be covered even if the event occurred at a time when the policy was indeed active. Occurrence form coverage is employed in our yoga insurance policies and definitely the industry-preferred option.