Gym Insurance

Finding the Best Gym Insurance for You

(Just in case your business pulls a hammy.)

Greg Lewerer | June 18, 2018
woman doing an incline leg press in then weight room

A legit workout is all about pushing your limits, but unfortunately some limits are less flexible than others. And trying to run a gym without insurance is like trying to win the Tour de France on one of those old-timey bikes with the oversized front wheel. Good luck with that.

Finding ideal coverage to ensure recovery can be a tough hill to climb. Our independent insurance agents will be there, water bottle in hand, to coach you through your options. All to make sure your company is properly protected.

What Is Gym Insurance?

In short, it’s business insurance with a boost from liability insurance. From heavy equipment to slippery floors, gyms can be dangerous. Gym insurance covers costs if someone gets hurt and there’s a lawsuit.

Why Do I Need Gym Insurance?

A good workout leaves you feeling invincible — unfortunately, gyms are anything but. Here are just a few good reasons to get covered:

  • Because all businesses carry risk.
  • Because people are fragile and lawsuit-happy.
  • Because bankruptcy is never fun.

What Does Gym Insurance Cover?

Gym insurance is tailored to the particular risks of your business. An agent will help you trim the stuff you don’t need and beef up what you do. Here’s what that includes:

  • Business and property: This covers expenses if your building(s) and equipment are damaged by fires, theft, or natural disasters.
  • General liability: This type of coverage is for all the ways clients can accidentally hurt themselves at the gym. This could be a straightforward weightlifting accident or even a lawsuit for damages after a slip and fall in the locker room. 
  • Professional liability: Also called errors and omissions insurance. This covers trainers, coaches and other professionals you employ at the gym. It covers legal expenses if a client claims their biceps didn’t turn out as big as promised.

There’s also a number of standalone policies available. Coverage options can include protection for vehicles and equipment if you hold off-site workouts. An agent will be able to walk you through all your risks and how to protect against them.

How Much Does Gym Insurance Cost?

The cost of gym insurance depends on the policy. Liability coverage will be the most expensive, but all together you can expect your premiums to be in the thousands per year. Factors like size, location, number of clients, and employees will also play a major role.

The Awesome Benefits of an Independent Insurance Agent

Gym insurance is a specialized and confusing niche. Thankfully, you don’t have to go it alone. Our agents will walk you through a handpicked selection of options with language you can understand. So you know exactly what you’re getting.

Most importantly, they’ll be there to help you when claim time comes. The outcome of insurance claims can be strongly impacted by how the process is approached and handled. They've got your back!

Finding Gym Insurance Quotes

Quick quotes are great, but when it comes to gym insurance, it’s worth waiting for an accurate number. Insurance companies can sometimes cut corners on critical coverage to save time. 

Our agents will review your needs. Find and compare policies and quotes from multiple carriers. And make sure you have the right coverage at the best possible price. Article | Reviewed by Paul Martin

Now, who's ready to get their insurance problems solved?