by pilateskara » Wed Dec 02, 2009 12:32 pm
i am looking to insure myself to practice anti-gravity yoga. this is an evolving yoga that supports the participant with an antigravity hammock. since most insurances have never heard of it and at times you lose contact with the floor they have been denying me left and right and won't let me explain or check out the website antigravity yoga dot com.I am not looking to be on the antigravity yoga performing team i am interested in possibly franchising but the insurance companies I have talked to so far have not been cooperative thus far, for me at least.
Posted: Wed Dec 02, 2009 10:33 pm Post Subject:
You're looking at this as a business right? So you'd be needing cover for potential injury to your clients due to strains etc, not that dissimilar to normal yoga, pilates or similar exercise. the Anti-Grav thing is obviously throwing a spanner in the works, probably for two reasons:
1. It'd new, "weird" and the insurers have no established loss rates to work from.
2. The additional risk that the anti-grav "hammock" fails in some way and dumps people onto their heads in strange positions.
Potential for injury and liability claims here is HUGE of course so they'll be very cautious.
My suggestion would be to find out who offer cover at your local gyms etc, and speak to them about getting cover for your exercise studio, then when they come out, hit them with the anti-grav twist so you can actually demonstrate it to them.
Posted: Thu Dec 03, 2009 05:22 am Post Subject:
In a worst case scenario, you'd have to find a surplus line broker who can shop your risk to the appropriate syndicate at Lloyd's of London.
The good news about insurance is that there is almost always an insurer who will take on a risk if the money is right.
Expect to pay a substantial premium, from whomever you finally obtain coverage, due to the uniqueness/novelty of the risk. Until there is a trail of performance vs. claims, most insurers are going to be reluctant participants in your endeavor.
Posted: Thu Dec 03, 2009 09:42 am Post Subject:
Yes, it's new and losses that the carriers cover would arise out of known risks. The risks associated with anti-gravity yoga are not specified and hence difficult to get evaluated.
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