All gym owners need insurance to protect themselves against specific risks associated with fitness services. This coverage includes equipment and treatment-related accidents and injuries.
Whether you own a yoga studio, rock climbing centre or a fitness gym with treadmills and weights, you will need gym insurance. At isure, we will ensure you take the necessary precautions to keep your facility safe. Our team understands that risks are part of this industry and that accidents beyond your control can happen.
It is a must to have coverage that protects yourself, your business and your customers. That’s where we come in! We will provide you with the best policy and ensure it covers your needs.
Fitness Centre Insurance
Gym insurance generally includes several types of coverage, including Commercial General Liability Insurance, which protects you against day-to-day risks. Your business will be protected against claims of third-party bodily injury or property damage at your gym location, and will usually cover medical fees and legal expenses.
Gym insurance will also include Commercial Property Insurance, which protects your gym’s location and the contents inside from insured risks outside your control. These risks include theft, floods or fires. Professional Liability Insurance will cover legal fees and damages, including monetary judgments for claims alleging misconduct, negligence or failure to deliver services as advertised.
Product Liability Insurance can also be included, and this will protect you against claims alleging third-party property damage or bodily injury caused by a product you manufacture, distribute or sell. This coverage includes supplements and equipment for sale.
Commercial Insurance for Gyms & Fitness Centres
Whether you own a boxing gym, dance studio, MMA gym, CrossFit gym, pilates studio or sports academy, we can help by ensuring you have the best coverage. We specialize in commercial insurance and have worked with gyms and fitness centres for years, so feel free to contact us for more information!
Content Insurance
Your gym is full of valuable, expensive gym equipment. In a gym that sees numerous amounts of different people each day, damaged or stolen equipment is almost inevitable, which can cost you big bucks in replacement fees. Additionally, your members’ ability to work out may be sacrificed. When you have content insurance, the price tag of stolen or damaged equipment may be completely covered.
General Liability Insurance
Gyms are, by nature, riddled with all sorts of potential hazards, like dropped weights and water spills. Rather than hoping no one accidentally gets hurt at your gym, purchase a commercial general liability insurance policy for peace of mind. Commercial general liability insurance will cover costs associated with members’ property and physical damages.
General Liability Insurance
Gyms are, by nature, riddled with all sorts of potential hazards, like dropped weights and water spills. Rather than hoping no one accidentally gets hurt at your gym, purchase a commercial general liability insurance policy for peace of mind. Commercial general liability insurance will cover costs associated with members’ property and physical damages.
Professional Liability Insurance
With any form of professional advice, you should look into professional liability insurance. If one of your trainers pushes a client to go one more set and they sustain a sprain or tear a muscle, you may be faced with a negligence lawsuit. As a result, these legal fees are covered with professional liability insurance. Each specific policy has unique features, but most cover accusations of negligence, malpractice and advice resulting in personal or property damage.
Product Liability Insurance
As a gym, you likely sell some sort of equipment or gym products. Product liability insurance covers costs associated with malfunctioned products you sell. For example, say you sell exercise bands. Today, one of the bands you sold was actually part of a faulty batch that snaps when you use it. The customer who bought the faulty one uses it and, unfortunately, it snaps and hits their eye. When they sue you as a result, the legal fees are covered thanks to your product liability insurance policy.
Product Liability Insurance
As a gym, you likely sell some sort of equipment or gym products. Product liability insurance covers costs associated with malfunctioned products you sell. For example, say you sell exercise bands. Today, one of the bands you sold was actually part of a faulty batch that snaps when you use it. The customer who bought the faulty one uses it and, unfortunately, it snaps and hits their eye. When they sue you as a result, the legal fees are covered thanks to your product liability insurance policy.