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Compare health and fitness insurance quotes

Looking for insurance to protect your health and fitness business? Whether you’re a dance instructor, personal trainer, or the owner of a fitness center, we’ve got you covered. Get your insurance quote online with us today.

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What is health and fitness insurance?

Health and fitness insurance is a specific type of business insurance that protects owners in the wellness industry from the risk factors of day-to-day operations. This covers the general risks for any type of business, such as property damage or theft, but it also encompasses specific circumstances in health and fitness, such as sporting injuries. 

Three common insurance policies for health and fitness businesses are:

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Who needs health and fitness insurance?

Whether you’re a personal trainer or a martial arts instructor, an accident or injury is not uncommon in your line of practice. The risks to your business can be reduced with insurance, so any commercial owner in the health and fitness industry should consider purchasing insurance to remain financially sustainable in the long run. 

This includes the following types of health and fitness businesses:

  • Fitness gyms
  • Martial arts gyms
  • Boxing gyms
  • Climbing gyms
  • Dance studios
  • Pilates studios
  • Yoga studios
  • Personal trainers
  • Private instructors
  • Sports instructors 
  • Health coaches

The standard health and fitness insurance policy

There are many different types of health and fitness insurance policies that will cover you in different situations. A fitness centre will require more coverage than a home-based studio business, so it’s important to choose the package that best suits your needs to avoid being overinsured or underinsured.

General Liability Insurance

Professional Liability Insurance (E&O)

Contents Insurance

How much does health and fitness insurance cost?

Expect to pay anywhere between $300 annually, for a private small-scale business, and $5,000 annually, for a larger-scale fitness center. The cost of health and fitness insurance depends on the level of risk your business brings as well as your chosen insurance package.

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Optional health and fitness insurance policy add-ons

Commercial property insurance protects your business property, including the contents within it, such as gym equipment and inventory. Damage caused by flood, fire, vandalism, or theft can be covered with this policy. 

Commercial property insurance is highly recommended if you operate on your own property as any uninsured damage to your location could prevent the business from running. If you’re just renting a studio space for your classes, however, contents insurance is enough to protect your physical assets because your landlord is in charge of the building, and your CGL will protect you if are at fault for any damage.

Factors that impact your health and fitness insurance quote

  1. Service type

    Although all health and fitness industries present some level of risk, it’s clear that some businesses are far riskier than others in terms of personal injury and equipment. So a fully-loaded gym with weight racks, machines, and cardio equipment will cost more to insure than an at-home pilates instructor.

  2. Operational size

    Operating a couple of large-scale gym locations in the city versus owning one local dance studio presents a significant difference in risk. The larger your business operations, the higher the quote as more property and assets will need to be protected.

  3. Location

    Like any business, the location of your gym will impact your gym insurance quote. Areas with high crime rates can result in a higher quote as well as other location-based risks such as earthquakes and flooding.

  4. Experience

    Having experience in any business is a good sign of lower risk. In health and fitness industries, experience is key to reducing claims of professional liability by lowering the risk of an accident. Therefore, the more experience you have in your health and fitness field, the lower the insurance rate.

  5. Training, education, and certification

    Like your experience, your level in training, education, and certification can also impact your insurance quote. Having the proper knowledge and credentials can reduce your risk of a claim, therefore lowering your insurance rate.

  6. Business insurance history

    If you’ve had many past insurance claims before, it’s likely that your quote will increase because of this. Your insurance history gives your insurer an outlook of what may be to come, and having a troubled history shows higher possibilities of protection needed in the future.

Health and fitness insurance FAQ

Do you need insurance to do online personal training?

The gym where I teach has insurance. Do I need my own?

Does my home insurance cover my at-home fitness lessons?

Author Bio

Matt Hands, Business Director of Insurance

Matt started his professional career at CARPROOF where he honed his marketing and analytical skills for over 3 years. Matt then took his wealth of experience to Ratehub.ca’s Toronto offices, working with insurance providers, agents, and brokers to grow and expand the Insurance business unit. He is a thought leader in the community and a valuable insurance resource to respected publications like the Globe & Mail, Toronto Star, Huffington Post, Yahoo News, and 680 news radio in Toronto.

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