Recommended Fitness Center Insurance Coverages
As you can probably guess, your fitness center Insurance needs will vary based on the scope of your operation, location and other factors.
That said, there are a few essential coverages that Tomins recommends almost every gym owner carries.
Commonly bundled into a Commercial Insurance Package, these fundamental coverages include:
Commercial Property Insurance
If you lease or own a gym, Commercial Property Insurance can help protect it from loss or damage.
This coverage is designed help with the costs of repairing or replacing your business’s physical property, building or buildings, and equipment in the aftermath of an incident.
General Liability Insurance
Perhaps the most important insurance coverages for a gym to carry, General liability (GL) insurance can help pay for damages or injuries sustained by others as a result of your business operation.
GL coverage can help you cover expenses including, but not limited to, lawsuits, settlements, legal fees, court costs and more.
Business Income Insurance
When added to a Commerical Property Policy, Business income coverage can reimburse you for lost income during the recovery phase of another covered claim that interrupts your business.
Get a Quote Now Talk With Us Today