Fitness Studio Insurance

Fitness Studio Insurance Provided By Our Agency

A fire at your Gym/Fitness Center or a lawsuit from a weight-lifting injury could devastate your small business. Insurance for gyms can cover property damage, client injuries, professional oversights, and more.

What is Fitness Studio Insurance?

Gym insurance is a combination of several policies, such as general liability, property coverage, and workers’ compensation. Sometimes gym owners have to get certain policies to fulfill contractual obligations, but even if that’s not the case, gym insurance is a good idea. Without it, lawsuits and other hazards can drain the business’ bank account.

Who needs Fitness Studio Insurance?

Gyms come in many forms these days, and gym insurance is usually appropriate for nearly all of them, including:

Boutique membership clubs
Health clubs
Fitness centers
Pilates, yoga, and spin studios
Franchise operations
24/7 key access clubs

Every business faces the possibility of a claim, but the physical nature of the operations and the equipment required can make a gym more prone to risk. When it comes to sports and recreational injuries, exercise and exercise equipment sent 468,315 people to the emergency room in 2019, according to the National Security Council Injury Facts.

Not all of these injuries occurred in someone’s gym, but at the same time, an emergency room visit isn’t the only way a gym owner can end up in court. Ultimately, every gym and fitness center owner needs business insurance to protect their assets.

The Importance of Fitness Studio Insurance

General Liability - Non-employees’ claims over property damage, bodily harm, and advertising injury

Commercial Property - The cost of repairing or replacing business-owned property

Workers’ Compensation - Injured employees’ lost wages and medical bills

Professional Liability - Legal costs in allegations of negligence

Medical Payments - Medical bills for an injured participant

Every Gym owner needs policies that cover their risks, including supervised and unsupervised workouts with various machines and equipment. Gyms have more risk than a trip-and-fall where clients may get injured in an exercise or even suffer cardiac arrest on the bike’s pedals! Don’t go bankrupt because you were confused about your insurance coverage.

Already have Fitness Studio Insurance?

Switching is easy! It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.