As a gym or fitness center owner, customer waivers are usually not enough to protect you from potentially damaging financial risks. A specialty fitness center insurance policy can fill the gaps.
Amy had always been passionate about fitness and health, and after years of working in the industry, she finally decided to open her own gym. She spent months carefully planning the gym’s layout, selecting the best equipment, and designing fitness programs catering to all ages and fitness levels.
However, a few weeks after the grand opening, disaster struck. One of her clients suffered an injury while using one of the gym’s machines, and they decided to sue Amy for damages. Unfortunately, the lawsuit would have bankrupted Amy and forced her to close her business if she didn’t have the proper insurance coverage.
Thankfully, Amy had invested in fitness center insurance, which provided coverage for any accidents or injuries that may occur on the gym premises. In addition, the insurance covered the cost of the client’s medical bills and legal fees, saving Amy from financial ruin.
Amy realized that owning a gym came with many risks, and she needed adequate insurance coverage to protect her business and clients. Fitness center insurance covered property damage, liability claims, and employee injuries, ensuring that Amy could continue running her gym without fear of unexpected costs.
From that day on, Amy made sure to review her insurance policy regularly to ensure that she had adequate coverage. She understood that any accidents or injuries that occurred at her gym could have a significant impact on her business and reputation.
Thanks to her fitness center insurance, Amy could continue to provide her clients with a safe and healthy environment without worrying about the financial consequences of any unfortunate incidents. She was grateful that she invested in insurance coverage that protected her business and clients.
On average, it's estimated that three out of five businesses will be sued by their employees. Claims can stem from just about anything, such as someone taking a "joke" the wrong way and being offended. While there is nothing you can do to prevent someone from filing a lawsuit, there is something you can do to limit the costs of defending a legal claim.
The right coverage is critical to your risk management process as it protects against discrimination, wrongful termination, sexual harassment, and other employment related allegations. Typically, the policy will cover your business as well as your directors and officers.
Note: Actual policies must be consulted for specific terms and conditions.
Water on the floor, slippery entry in the winter, broken glass/hazardous debris, etc. These are all accidents waiting to happen that make your business susceptible. Claims may arise due to bodily injury, property damage, personal injury, and more.
Commercial general liability insurance is an absolute necessity for any business. It provides broad coverage when you are deemed responsible and liable, and will also pay to defend any covered lawsuit or action regardless of its merit.
Note: Actual policies must be consulted for specific terms and conditions.
Are you asked questions such as "How can I lose weight?" or "How do I add muscle?" Your responses to those and other questions may be well intended, but what if your customers get sick or injured as a result of that advice?
Having professional liability insurance for personal trainers will help cover you against claims of negligence–even when you haven’t made a mistake.
Note: Actual policies must be consulted for specific terms and conditions.
If one of your employees receives an injury or becomes ill due to a work-related occurrence, you are required by law to have the proper coverage in place.
Workers' compensation protects your employees should a job-related injury or sickness occur during the course of employment. This coverage is required by law and may vary by area, so be sure that you understand your obligations for all physical locations where your business operates in and all physical locations where you hire your employees.
Note: Actual policies must be consulted for specific terms and conditions.
What would you do if a pipe leak impacted the operation of your business and prevented you from serving clients for a day or more? Or what if a fire destroyed your building? These and other events can destroy your ability to serve clients and bring in revenue, which can have a major long-term impact on the viability of your business.
Business income insurance compensates you for lost income if your company cannot operate as normal due to disaster-related damage that is covered under your commercial property insurance policy.
Note: Actual policies must be consulted for specific terms and conditions.
When a fire, theft, or another type of disaster strikes, your commercial property and everything within it can suffer a significant loss. This can have a detrimental effect on your business.
Commercial property insurance can help protect the property your business owns and leases, including things like equipment, inventory, furniture, and fixtures. Whether you own your building or lease your workspace, commercial property insurance can be purchased separately or can be combined with other necessary coverage to protect your physical assets.
Note: Actual policies must be consulted for specific terms and conditions.
Check with your insurer for any guidance they offer about minimizing risk; for example, posting adequate warning signs about hazards when using the equipment, or adequately training staff to deal with emergencies and minimize damage.
We can get the right policy for your fitness center. Contact us today to start the process.
One of our insurance advisors will reach out to you to review your information and present you with the appropriate fitness center insurance solution. There’s no obligation, just good-old-fashioned advice.
We’re an independent insurance agency offering a comprehensive suite of insurance solutions to protect you from the unexpected.
We don’t just sell insurance. We work closely with clients to help them make important and informed decisions every day when it comes to protection and their future.
We offer comprehensive insurance solutions throughout Texas, as well as surrounding areas including, Helotes, Schertz, New Braunfels, Cibolo and Bexar County.
At SOGO Insurance, we strive to provide a true, concierge client experience which is unique in the insurance industry. We give clients the power of choice from top-rated national and regional insurance carriers.
CONTACT Us
LOCATION
