Commercial Insurance for Gyms
Though most people associate the gym with hard work, they’re typically thinking about pre-work weight training or grueling twice a week sets on the elliptical. For fitness professionals, the physical stuff often comes easy – it’s the business side of the gym that can get demanding. The right insurance policy can make things much easier.
At Goodman Family Insurance, we leverage our network of 15+ A-rated carriers to help gym owners and other fitness professionals obtain comprehensive coverage that meets (and exceeds) their commercial insurance needs.
Call 262-599-8031 to schedule your free consultation and quote today.
Need help understanding commercial insurance for gym owners and fitness businesses?
You’ve come to the right place. Whether you own and run an entire gym or operate a fitness business within one, understanding your insurance requirements and finding an adequate, affordable policy is essential to your success. Here are a few of the different types of insurance policies that you should know about as a fitness professional.
E & O Insurance
Errors & omissions insurance is important for all fitness businesses, as it protects you from paying damages that result from unintentional errors and mistakes that occurred while providing your service.
General Liabilities Insurance
Commercial general liabilities insurance is a broad policy that provides some protection to your gym or fitness business in the event of property damage or personal injury (ex. a patron or client injuring themselves on gym equipment). The exact coverage depends on the specific terms outlined in your policy.
Worker’s Compensation Insurance
If you have employees at your gym or fitness business, worker’s compensation insurance will protect you if they suffer a workplace injury that requires medical care and/or compensation for lost wages.
Commercial General Insurance
A business owner’s commercial insurance policy provides coverage for your physical building, your gym equipment, and even your business income. Gym owners require commercial insurance to protect their physical assets. For trainers and coaches that work within a 3rd party gym, this type of insurance is useful for protecting your income.
Premises Liability Insurance
Premises liability insurance typically covers injuries and damages that impact non-employees within your workplace. This is a beneficial policy for most retail businesses, including gyms.
Comprehensive insurance, customized for the unique needs of your business.
With over 65 years of experience obtaining great rates on commercial insurance, the experts at Goodman Family Insurance have worked with many different fitness-related businesses. We specialize in helping the following:
- Gym Owners/Operators
- Yoga & Pilates Studios
- Personal Trainers
- Specialized Coaches
- Sports & Recreation Businesses
And so much more.
Call 262-599-8031 and discuss your fitness industry insurance options with a qualified pro.