If you own and operate an independent health club or fitness center, it is essential to choose an insurance package that will cover all facets of your business. Fitness clubs are considered high risks in terms of liability insurance. Because of this there are a number of different specialized types of liability coverage you must educate yourself on to ensure you are fully covered. With general liability insurance, group fitness insurance for instructors, products liability insurance and sexual abuse coverage options available to health clubs offering a variety of services to the public, you must review your existing policy with a licensed insurance professional upon every renewal to make adjustments.
General Liability insurance is the most common form of liability insurance purchased by any commercial business including fitness establishments. General liability coverage is typically packaged together with property insurance and is designed to cover business against liability claims of bodily injury or property damage due to the negligence of the business. The liability coverage is subject to a per occurrence limit and a general aggregate limit which refers to the maximum limit it will pay on an annual basis no matter how many liability claims are filed. Policies will pay for judgments, settlements and legal defense costs no matter if the claim is founded or unfounded.
Group fitness insurance coverage for group fitness instructors comes in two different forms: professional liability and personal injury liability coverage. Because general liability excludes bodily injury arising out of the services provided by a group fitness personal trainer, it is necessary for fitness clubs who offer group classes and personal training sessions to invest in this additional type of coverage. Professional liability will cover bodily injury claims arising out of rendering or failing to render services. For example, because an instructor or personal trainer is a trusted professional, if they recommend a specific diet or exercise that causes the member harm, they could be found liable for injuries. In addition to this, personal injury liability is available to protect instructors against claims involving libel, slander, and invasion of privacy.
Group fitness insurance also includes special endorsements if a personal trainer or instructor is accused of sexual abuse. Most policies will offer a minimum of $100,000 in coverage no matter if the claims are fraudulent or legitimate. Understanding what your policy includes and excludes is extremely important to prevent uncovered claims.
Business owners must know how to satisfy their customers and protect themselves against fraudulent and legitimate claims. In today's sue happy world, you would be surprised what individuals would do to make a pretty penny. Protect your business and invest in a comprehensive insurance portfolio that will give you peace of mind in knowing you are adequately covered for all potential losses.
General Liability insurance is the most common form of liability insurance purchased by any commercial business including fitness establishments. General liability coverage is typically packaged together with property insurance and is designed to cover business against liability claims of bodily injury or property damage due to the negligence of the business. The liability coverage is subject to a per occurrence limit and a general aggregate limit which refers to the maximum limit it will pay on an annual basis no matter how many liability claims are filed. Policies will pay for judgments, settlements and legal defense costs no matter if the claim is founded or unfounded.
Group fitness insurance coverage for group fitness instructors comes in two different forms: professional liability and personal injury liability coverage. Because general liability excludes bodily injury arising out of the services provided by a group fitness personal trainer, it is necessary for fitness clubs who offer group classes and personal training sessions to invest in this additional type of coverage. Professional liability will cover bodily injury claims arising out of rendering or failing to render services. For example, because an instructor or personal trainer is a trusted professional, if they recommend a specific diet or exercise that causes the member harm, they could be found liable for injuries. In addition to this, personal injury liability is available to protect instructors against claims involving libel, slander, and invasion of privacy.
Group fitness insurance also includes special endorsements if a personal trainer or instructor is accused of sexual abuse. Most policies will offer a minimum of $100,000 in coverage no matter if the claims are fraudulent or legitimate. Understanding what your policy includes and excludes is extremely important to prevent uncovered claims.
Business owners must know how to satisfy their customers and protect themselves against fraudulent and legitimate claims. In today's sue happy world, you would be surprised what individuals would do to make a pretty penny. Protect your business and invest in a comprehensive insurance portfolio that will give you peace of mind in knowing you are adequately covered for all potential losses.
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