Compare personal trainer, sports & 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 sports & fitness insurance quote online with us today.
start my quoteHow to get fitness insurance with Ratehub.ca
- Share information
Tell us a little about your business operations and your coverage needs.
- Connect with an expert
We'll connect you with our small business insurance partner to finalize all the details on your policy.
- Secure your coverage
Bind your customized, affordable coverage – so you can grow your business with peace of mind.
A few things we're proud of
1,200,000
monthly users
11 years
young
Over 1M
better choices made
Trusted partner
to Canada’s top financial institutions
What is health and fitness insurance?
Matt Hands, VP, Insurance and MoneySense
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:
- General liability insurance
- Professional liability insurance
- Contents insurance
Who needs health, sports 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 a business insurance policy specific to their health & fitness business needs to remain financially sustainable in the long run.
This includes the following types of health, sports 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 personal trainer 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 sports 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.
start my quoteOptional health, sports 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.
Does your health and fitness business operate with an online network? Whether you use a virtual booking system to keep track of all your clients or manage your finances through a digital portal, cybersecurity liability insurance protects your business from potential hackers.
This insurance policy can cover you in multiple ways. If a cybercriminal hacks into your network, they could cause other issues, such as holding client data hostage or stealing their sensitive banking information. Aside from paying ransom money and providing the cost to recover the data, cybersecurity liability insurance can also pay legal fees if a client were to sue for the security breach.
As health and fitness businesses continue to evolve in the digital age, consider cybersecurity liability to protect not only your business but also your clients.
Crime insurance (also known as Commercial Crime, Employee Dishonesty, or Employee Infidelity) protects your health and fitness business from financial losses due to the actions of a fraudulent employee, such as forgery, theft, and computer crime. It can also provide compensation for non-material losses, including sensitive information like client records on a stolen computer.
In health and fitness industries, and specifically personal training programs, a trainer that leaves your business to start their own may try to steal your client database in an attempt to gain customers. Having crime insurance is a good option to consider as a business owner to protect yourself from any unforeseen circumstances caused by your employees.
Key person insurance (also known as key women, key men, or business life insurance) protects your health and fitness business from losses if an employee, essential to business operations, is unable to work or dies. If an injury were to prevent you from operating your gym, the business would be disrupted greatly. Having key person insurance covers losses due to the disruption and pays to hire and train a specialized replacement to get the business up and running again.
Consider key person insurance if your health and fitness business runs solely at the hands of a few essential people. For instance, if the majority of your clients only request sessions with one specific trainer at your gym, it may be worth it to seek key person insurance.
Unlike other types of insurance that cover the damages of property or assets, business interruption insurance provides income due to the loss of revenue incurred from an interruption, such as floor or fire. Taking months to renovate your dance studio after an accident could negatively impact your revenue stream, but having business interruption insurance can cover you. Some business interruption insurance policies can also cover the cost of temporarily relocating, as well as any operating expenses, payroll, taxes, and loan payments.
Factors that impact your health and fitness insurance quote
- 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.
- 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.
- 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.
- 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.
- 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.
- 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 personal training insurance for online classes?
If you offer your health and fitness services through a virtual teaching program or sell your workout videos digitally, there are still risks involved with your business. A customer can still claim negligence against you and seek legal action if they believe the online program was not delivered as advertised. Therefore, we recommend exploring the costs and risks for virtual training services and considering cybersecurity liability insurance due to the online nature of your business.
Do you need your own personal trainer insurance if the gym where you teach has their own?
It depends. Are you renting out the space to run your own business or are you an employee on contract? Renting out space for your classes probably won’t provide you with the same coverage as being an actual employee. And if you are contracted, not all gyms have a sufficient insurance package that meets everyone’s needs. Check with your location to ensure their insurance plan meets your needs. If not, you may need to seek added coverage of your own.
Does my home insurance cover my at-home fitness lessons?
No, home insurance does not cover any commercial activities, including fitness lessons like dance, pilates, and personal training. If you are starting a health and fitness business from your home, you should seek external business insurance to protect yourself from any potential claims or damage.