Compare personal trainer, sports & fitness insurance quotes

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.