What Fitness Professionals Need to Know About Insurance Coverage Options
Being a personal trainer is for sure very rewarding because you help all kinds of people become more physically active, get in shape, eat healthier, gain/lose pounds, and many other things that benefit their overall well-being.
Unfortunately, whether we like to admit it or not, this profession also comes with inherent risks (that nobody can predict), like injuries, falls, and sometimes, even legal disputes. The only thing that can save you in these instances, is insurance coverage.
If you haven’t considered applying for it before, then maybe the facts below will encourage you to finally take that step.
Let’s Get Started With The Liability Insurance
This is probably the most popular type of insurance among fitness enthusiasts. Why is that? Well, that’s because it’s designed to protect from risks that personal trainers may face in case of an accident and/or injury. So what does it cover?
- Third-party property damage – This refers to damaging the client’s property (in any way) during a training session (for instance, you can break their mirror).
- Third-party bodily injuries – If your client accidentally falls, or slips while at your gym during a training session.
- Advertising injuries – Claims that are associated with slander, libel, or copyright infringement in your ads.
A vast majority of liability policies offer coverage of almost $1 million per event, which means that they are a phenomenal option for someone who’s searching for full protection.
Moving On To Professional Liability Insurance
This one is also known as Errors and Omissions insurance and it’s also another tool that can greatly benefit personal trainers or the owners of gyms. Its goal is to safeguard you from clients who aren’t generally satisfied with your services and guidance.
Regardless of how dedicated and professional you are, at times things occur that you cannot control that can result in potential lawsuits. To put it simply, let’s say you create a great workout program that’s efficient, however, maybe the client who you’ve made this for simply isn’t prepared physically for it, or maybe the training volume is a bit high, however, they are too shy to complain about it.
And then all of a sudden, they sustain an injury and then they decide to blame you for the injuries and damages. If something like this occurs, then with professional liability insurance, you’d be able to cover all costs that are associated with this lawsuit.
What Can Be Said About The Business Property Insurance?
If you’re the owner of a yoga studio, a personal training studio, or any other place that’s linked to the fitness industry, then having business property insurance is pretty much mandatory. How come?
Well, that’s because it’s capable of covering all the damage that’s been done to your facility and equipment, that’s caused by natural disasters, vandalism, theft, etc. Be sure to properly protect expensive things, like electronics and exercise equipment.
Your journey as a fitness guru is probably packed with numerous wonderful moments, because, after all, you’re the one who helps people reach their wellness goals. However, if anything bad occurs, you’ll have peace of mind knowing that insurance is there to protect you.
