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Essential coverages to meet client demands
When you also have equipment or operate from a studio
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Fitness centers can choose a number of insurance policies to protect their business. The two most critical are general liability and commercial property insurance. Some carriers offer a Business Owner’s Policy (BOP) that provides both. Fitness centers with personal trainers also need professional liability, and those selling products benefit from product liability.
Covers you for bodily injury, property damage, and copyright infringement claims from guests or other entities.
Pays costs that arise when your computers or files are stolen. Costs include notifying those impacted, investigating the breach, and managing your reputation.
When gym equipment malfunctions, customers can't use it. This affects the profitability of your business. Equipment Breakdown will cover unforeseen events or equipment damage to keep your business running. It will cover repairs or replacement and any other damages from the equipment breakdown.
Pays the costs that stem from your mistakes, like when a trainer gives advice that doesn’t go as promised.
Covers expenses that come from product defects of items you sell in your fitness center.
Professionals in this industry operate fitness and recreational sports facilities, such as aerobic dance or exercise centers, gymnasiums, ice or roller skating rinks, physical fitness centers; handball, racquetball, or tennis club facilities; and swimming or wave pools.
Fitness centers give community members a valuable tool every day, a way to look out for their health and wellbeing. Services offered may vary significantly, but your patrons are thankful for the opportunity. Just like you promote physical well-being to customers; it is also important that you look at the welfare of your fitness center. Insurance is a crucial component of your overall well-being. It protects your business reputation, financial assets, and your livelihood during claims and lawsuits.
You may think that your guests or members would never file a lawsuit, but the truth is they happen every day. Take a look at the biggest risks you face:
Other potential claims include employee injuries, data breach, or even auto accidents if you have a business vehicle or employees run errands on behalf of the fitness center.
Every insurance carrier has a unique view on fitness centers which impacts the cost of insurance. The majority need to look at your loss runs, experience, and safety measures to calculate insurance costs. Juice bars, professional trainers, and selling products will also impact the final costs. You can request a quote for your fitness center insurance below today.
Gym Insurance offers a unique combination of insurance that gyms and fitness centers can highly benefit from. A typical gym insurance has General Liability, Product Liability and other liability insurance that protects your gym or fitness center from common lawsuits, injuries and property damage occurring in your type of business. It will also include medical coverage for participants when they are injured during your sponsored tournaments or competitions.
When you run a gym or fitness center, you know that your customers will be involved in intense physical activities. In fact, the intensity of most exercise can lead to sickness, injuries, and even death. Sometimes someone can get injured while using your equipment, receive a leg injury while working with a trainer, or even worse, get killed while doing an exercise. These incidents can leave you open to a lot of claims and lawsuits, and without a gym insurance, your business won't be able to survive for long.
Normally, you would need General Liability, Professional Liability, Product Liability and other coverage for your gym. But now, the insurance you need is in one package, usually called Gym Insurance. This consists of several coverages including Professional, Product and General Liability, and other insurances to protect against common risks. It also has property coverage to help cover damage to your gym from fire, vandalism and severe weather. There is equipment coverage to cover the breakdown of your gym equipment and Workers' Compensation. With this insurance, everything is under one package, easy to manage with better coverage and more savings than purchasing each coverage.
Supplemental Gym Liability is the additional insurance you need to add on top of your Gym insurance in order to supplement the types of service you provide and the risks associated with it. You may need this gym insurance when your gym or fitness center offer services like rock climbing walls, hot tubs and saunas, tanning services, swimming pools, etc. The insurance will provide coverage from all the risks of having these services in your gym.
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