Gym and Fitness Center Insurance

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Gyms and fitness centers are constantly popping up around the country. From larger chain companies to small, family owned businesses, fitness centers and gyms provide a safe place for individuals to get their daily exercise. If you are the owner of a fitness center, having the right coverage will give you peace of mind if an accident occurs.

Gym insurance consists of specific lines of coverage to meet the needs of your unique business. Depending on the types of activities and equipment your facility offers, you will need specialized policies to make sure you are covered in the case of an accident or incident. Speaking with an agent will be the best way to decipher what policies your business will need.

Fitness centers include, but are not limited to, gyms, studios, sports complexes, athletic clubs, health centers and more. Here are just a few examples of the different types of businesses we work with in this space:

• Health and Fitness Clubs

• High Intensity Interval Training (HIIT) Facilities and CrossFit Gyms

• Indoor Climbing Walls and Gyms

• Dance Studios (Zumba, etc.)

• Martial Arts Studios (karate, taekwondo)

• Personal Training

• Yoga, Barre, and Pilates Studios

General Liability 

A general liability policy is standard for all businesses. This policy will protect you and your gym against injuries sustained on your property, theft, or property damage. As a fitness center, your risk for any of these events happening is greater than other industries.

With our carrier program, we can offer a WRAP on the general liability policy. A WRAP to a general liability policy is an additional add on. This will widen the protection that is on a general liability policy. Depending on the type of physical activity your fitness center is seeing, this can be a great addition of protection. 

You should also consider speaking to your agent about medical payments coverage. This is usually part of a general liability policy, but it can be optional. If one of your fitness center members injures them self on equipment, this coverage provides payment for their medical needs.

Workers’ Compensation 

Having a workers' compensation policy in place is a necessity for all businesses. This policy is mandatory in most states in the US. Workers’ compensation will protect your company's employees if they sustain an injury while working. If an employee is injured, the policy will cover medical fees, prescriptions, and potential lost wages. 

Without workers’ compensation, you will be responsible to pay out of pocket. You can also deal with hefty legal fines for not having the policy in place. All of these payments adding up can potentially result in your fitness center doors closing for good. 

Professional Liability 

Professional liability, otherwise known as errors and omissions (E&O coverage) is another important policy for you to strongly consider. This policy will be especially beneficial if your fitness center offers one on one instruction or classes. 

Errors and omissions will offer protection if certain mistakes are made that result in injury or damage. As hard as your fitness professionals work to provide a clean and safe learning environment for your members, mistakes can happen. Having this insurance policy in place will protect your employees and business if an issue arises. 

Commercial Property Insurance 

If you own the building that your fitness center is in, you will also need commercial property policy. This policy will protect your gym or fitness center from physical damage done to the building. 

Many business owners assume that their property will not be damaged. Do not wait until it is too late! Without a commercial property policy in place, you may be forced to pay for damages completely out of pocket. 

While not as common in this industry, if you are using company vehicles to haul workout equipment or customers to certain workout locations, you may also be in need of commercial auto insurance.

Cyber Insurance

Cyber attacks are continuing to show no signs of slowing down. Scammers are looking to target businesses of all sizes.  If your fitness center is storing employee, or customer data, then you are at risk for some form of cyber scam. Cyber insurance will protect your fitness center and everyone involved if you are the victim of any form of a cyber attack. 

Payroll, Benefits, and HR 

As the owner of a fitness center, there are many responsibilities involved with running a successful business. In addition to our insurance offering, we also help businesses with their payroll, benefits, and human resources needs.

Our goal is to make your life easier by handling the backend administrative services that are necessary, but not always the most fun part of running a business. Your focus should be on doing what you do best and growing your business, not on tedious, time-consuming administrative tasks.

If you would like to learn more about insurance for your fitness center, or how our payroll, benefits and HR team can help you, fill out the form below and one of our agents will reach out to you shortly.