If you are a fitness professional, it is very important to have a good insurance plan in place. After all, your livelihood depends on being able to practice and teach safe exercise activities.
Having the right protection can make all the difference if something goes wrong while you're instructing or training clients.
While finding an appropriate insurance policy isn't always easy, there are plenty of providers out there who understand the unique needs of fitness professionals - from personal trainers and group instructors to coaches and more!
In this blog post, we'll be taking a look at some of the best insurance for fitness instructors, so that you can identify the provider most suited to your needs.
Let’s get started:
Top 6 Fitness Insurance Companies
For Fitness Professionals In 2023
Let’s discuss the six Insurance Companies For Fitness Professionals.
Insure Fitness Group should be your first choice when it comes to choosing the best insurance companies for fitness professionals You can immediately take advantage of online personal training insurance because there is immediate coverage available.
The inclusion of occurrence form coverage is expected. For those who don't know, this means that even though your policy has expired, you can still file a claim for an incident that occurs while it is still in effect.
For instance, if a customer was injured while you were conducting an online training course on May 15 but didn't make a claim until May 25th, you would still be entitled to do so even if your policy had expired between those two days.
In addition, Insure Fitness Group is renowned for offering some of the highest coverage levels available in the US. They offer $3 million in aggregate professional and general liability insurance in addition to the $1 million of occurrence-form coverage.
Additionally, personal training clients can take advantage of discounted pricing, which is something you won't typically find with many other providers.
#2: Insurance Canopy
When it comes to insurance companies for fitness professionals, Canopy is one of the best for personal trainers and fitness instructors.
You can be confident that you will receive the appropriate level of coverage for your at-home personal training business because this firm takes pleasure in tailoring its insurance policies to suit its customers' needs.
The fact that Insurance Canopy products offer cybersecurity protection is one of their best features.
Unfortunately, data breaches have increased in frequency recently and can devastate enterprises, costing thousands (and perhaps millions) of dollars in lost revenue and damaging reputations.
You can anticipate $3,000,000 in general and professional liability coverage, as well as a $5,000 cap on medical expenses, as far as coverage limits go.
For each event, $2,000,000 in total general and professional liability insurance is provided.
Isn’t it fascinating? Oh yes!
Get yourself insured now.
Consider NEXT Personal Trainer Insurance if you haven't yet found the ideal online personal trainer insurance company for you. This insurance service is being offered thanks to a collaboration between NASM and NEXT Insurance.
This is one of my favourite insurance companies for fitness professionals.
Perhaps you've heard of or even received certification from the National Academy of Sports Medicine (NASM) on your path to becoming a personal trainer.
You can pick from a variety of plants they have available that all address issues like bad advice, disgruntled customers, and personal injury cases. Professional liability insurance and general liability insurance are covered by each of their policies.
You have the choice to add nutritional/dietary supplement coverage, which is one of the benefits of selecting NEXT Personal Trainer Insurance as your fitness instructor insurance. So, it obviously makes sense to include this insurance if you offer this kind of service.
The amount of coverage you are given for this varies on the plan you select; for example, the Basic Plan has a $100,000 limit, the Pro Plan has a $250,000 limit, and the Pro Plus Plan has a $1,000,000 maximum.
A lot of my clients use Next and they feel it's some of the best group fitness instructor insurance available.
Sadler Sports & Recreation Insurance might be the best fit for you if you offer online ZUMBA lessons, cardio workouts, or at-home Pilates courses.
This company offers online personal training insurance that comes with both professional and general liability coverage, but there are also a variety of customization choices.
Based on the extent of coverage offered, policies vary. The first option, for instance, offers the least amount of coverage. The highest amount allowed under this plan is $500,000 per instance. This continues through Option 6, the highest coverage option. This raises the maximum per-occurrence limitation to $5,000,000.
As a result, you may quickly customise the plan to meet your unique needs.
#4: Thimble
Thimble is an "on-demand" fitness insurance company that promises "by the hour" insurance plans for more than 120 different kinds of small enterprises, with the goal of selling one hundred thousand policies.
Thimble reports that half of all insurance coverage for fitness professionals are for 30 days or less, making it a great choice for teachers who provide short-term, seasonal courses like 8-week boot camps or summer workshops.
Thimble, like Next Insurance, provides general liability protection for injuries and property damage. With a $0 deductible and a $1,000,000 coverage, the costs start at under $5 an hour, $7 a day, and $15 a month—the lowest we've seen.
It's simple to get a quotation from Thimble; all you need to do is input your zip code and the dates you'd want coverage to begin and end.
From there, you'll get information about your policy's coverage and exposure limits, as well as any included or excluded services and activities. It's possible to see a sample certificate if you want.
Part-time personal trainers who just need insurance on occasion (say, when they teach a class) will find this to be the most convenient.
Fitness Pak's InterWest Liability Insurance is the final company we suggest for online personal trainer insurance. You may be familiar with another name associated with this insurance, the American Council of Exercise (ACE).
ACE insurance can offer you the security you require, regardless of where you are receiving your training. Additionally, you will be given an insurance ID card, which can be a fantastic way for you to establish credibility with your clients.
You will have the choice of a one-year or two-year policy when selecting from the several online personal training insurance plans offered.
If you can see yourself requiring insurance for this amount of time, it makes sense to choose the longer policy because you can lock in certain discounts by doing so.
Types Of Gym Insurances Every
Fitness Business Needs
Listed below are the types of gym insurance every fitness business should be aware of:
General Liability
General liability insurance protects your company from third-party claims for personal injury or property damage that you may be held responsible for. For instance, you would be responsible if someone hurt themself after tripping over a cable. The majority of general liability insurance policies also cover defamation, damage to rental premises, and injuries resulting from advertising.
However, your insurance frequently consists of a variety of policies, even though this sort of insurance is one of the most crucial to have. You can be responsible for paying medical expenses and, in some situations, lost wages if a member sustains an injury while participating in a personal training session or injures themselves on your gym's equipment. These expenditures would be covered under general liability.
Professional Liability Insurance For Personal Trainers
Another crucial policy you must have is professional liability coverage. It also goes by the name of mistakes and omissions, and it protects you from losses that result from significant errors.
Therefore, this kind of insurance would pay for your defense in court if you or one of your workers provided services at the gym without adhering to professional standards or just made a mistake.
For instance, one of your fitness instructors failed to train your clients on the proper form for lifting weights or operating equipment. This leads to an injury as a result. It's an occurrence that resulted from a mistake.
Personal training and group fitness instructor liability insurance is particularly crucial if you do one-on-one personal training sessions. In contrast, general liability protects against harms and losses that can occur in any business.
Cyber Insurance
Nowadays, operating a business involves a lot of interaction with the digital world. Nothing is different in the gym. You might want to think about cyber liability given the presence of digital fitness platforms, saved payment information, and a wealth of client data.
Though it might not be applicable to all gyms, this is something to consider. You should take every precaution now to safeguard the data of your members. But even with the best cybersecurity, data leaks and hackers still happen.
Cyber liability shields your company from lawsuits brought about by the theft and hacking of private customer information. For instance, if the credit card information of one of your users was taken from your database, you can find yourself in trouble if fraud is committed.
The performance of modern enterprises depends greatly on technology and data. Cybercrime may easily target businesses, so it's crucial to be on guard.
Workers’ Compensation Insurance
The main focus of workers' compensation is on your employees. Employee injuries sustained while working are covered by this insurance. This may include funeral expenses, lost earnings, rehabilitation, and survivor benefits in the event that a team member passes away at work.
Although there may be some regional variations in workers' compensation. The basic line is that you must have this policy in place if you are hiring employees.
For instance, you would have insurance in place to pay the expenses if an employee pulled their back while moving some exercise equipment. In this situation, you would have to pay for the employee's medical expenses, any lost wages from time off work, and perhaps some rehabilitation while they recover.
Commercial Property
Commercial property insurance, as its name implies, covers both the structure and the contents of your gym. Property damage caused by specific occurrences, such as theft, fire, hail, tornadoes, and vandalism, is typically covered by insurance. If something unfortunate happened, the insurance would pay for the expense of fixing the house or replacing the contents.
You can insure both the building and its contents when you purchase business property insurance. You can obtain insurance for your portion of the building if you rent a space that is a component of a larger structure. Having the appropriate insurance can make a big difference in whether your company survives an accident with little damage or goes out of business.
Medical Payments Coverage
Typically included in general liability insurance, but occasionally optional is medical payments coverage.
It is essential for proprietors of gyms. You can cover the urgent medical costs of an injured member with medical payments insurance coverage. It's frequently a crucial coverage choice that can shield you from costly lawsuits.
Say, for instance, that a participant damaged their ankle during a group exercise session. If you have medical payments insurance, you may pay for an x-ray right away and provide your member with the care they require to recover swiftly.
A lawsuit or significant complaint may not arise from the occurrence if you intervene right away and demonstrate your concern.
Business Interruption Insurance
There are a number of specialized types of company insurance that concentrate on protecting against particular risks and issues. The key factor in determining whether to increase your insurance coverage is your own risk assessment.
Business interruption insurance might provide compensation if an occurrence forced your company to shut down. You can rapidly get back up and running because of this.
This coverage may protect your company while you're closed, whether it's a fire, flood, or another disaster.
Business Equipment Insurance
You might profit from business equipment insurance if you have a lot of expensive technology and exercise equipment.
Business equipment insurance focuses primarily on the equipment rather than the full contents of the facility, despite the fact that your commercial property coverage protects both the building and its contents. The cost of replacing pricey gym equipment that has been damaged or stolen can be very high.
Business equipment insurance can assist ensure that equipment is constantly present and fully functional in addition to replacing damaged or stolen equipment.
This coverage should pay for the price of replacing any defective equipment and repairing any damage it sustains for whatever cause. Consider covering your equipment when it is both inside and outside the gym if you take it there for outdoor bootcamps or personal training sessions, for example.
What Factors Affect Personal
Trainer Insurance Cost?
The price of insurance for personal trainers depends on a number of criteria. Here are a few significant examples:
- Coverage: As you can see above, various coverages have varying prices. The more coverage you get, the more your personal trainer insurance will cost.
- Your gym's size or the number of your customers: Your personal trainer insurance policy will cost more the more clients you have and the larger your gym is.
- Your Experience: The lower your premiums are as a personal trainer, the more experience you have.
Location, prior claim history, and yearly income might all have an impact on total premiums.
You should constantly check quotes from several businesses to find the best deal on personal trainer insurance because prices vary depending on the providers and other factors specific to the individual trainers.
Tip tip: If you're a member of a fitness business related Facebook group, post a question and ask for suggestions. Most trainers will already have done their own research into the best Insurance Companies For Fitness Professionals. Saving you a lot of time.
Best Insurance Companies For Fitness
Professionals: Wrapping Up
Most fitness professionals are self-employed and don’t have the benefit of an employer-sponsored health insurance plan. That means they have to find their own coverage, which can be a challenge given the pre-existing conditions that many of them face.
The good news is that all the discussed insurers out understand the unique needs of this community and offer plans that cater to them.
We listed the best insurance companies for fitness professionals based on factors like price, coverage, and customer service.
If you’re a fitness professional in need of health insurance, be sure to check out these companies.
Who is the cheapest fitness instructor insurance?
It all depends on the level of insurance you need. We've talked about the different insurance companies for fitness professionals, so make some inquires so you can compare deals.
Who needs personal trainer insurance?
Although there are lot's of different insurance companies for fitness professionals, you can still teach without it. However, you do so any your own risk.
If you're a fitness trainer, I highly recommend that you take out insurance. In most cases it's very inexpensive and gives you the peace of mind if something does go wrong.
Is insurance for personal trainers necessary?
Although it is not required by law, your clients or the club where you work may insist that you have personal trainer insurance. Before allowing you to conduct personal training sessions in a gym if you are a freelance or independent personal trainer, it is extremely possible that the gym owner would need a copy of your insurance certificate.
Your clientele could request verification of your insurance, even if the gym doesn't need it. And if you didn't have it, you could lose clients and damage your reputation.
Ask if you are included in the gym's personal training insurance policy as an additional insured if you work there. If not, you must own a policy of insurance on your own.
It is extremely possible that your landlord will demand that you obtain commercial property insurance if you own a gym. You might also require general liability and professional liability insurance in order to draw customers to the gym.
Thank you for reading the 6 best insurance companies for fitness Professionals, and I hope this article helps you to make an informed decision on what fitness insurance is right for you.