Gym Insurance & Fitness Studio Insurance: Cost & Quotes From $11

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Do you own a gym or fitness studio? Or maybe you’re working as a gym or personal trainer? Recognize that accidents can easily happen, and they can result in injuries not only to yourself but to clients too. Equipment for working out will also get damaged and must be repaired or replaced. To protect yourself against the resulting costs, get insured through a gym and fitness insurance plan. 

Before anything else, you must understand that fitness and gym insurance offers you different types of protection. Common gym and fitness business insurance you can avail from it are general liability, commercial property, workers compensation insurance, and more. 

Read this guide to know how the specialized insurance for gym owners and fitness studio owners works. Understand the functions of the policies offered in fitness studio and gym owner insurance plans, how much premiums cost, what are the best companies, and more. 

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Fitness Studio and Gym Liability Insurance

Fitness studio and gym liability insurance is what’s officially known as a general liability insurance policy.  You’ll always find this included in specialized gym and fitness studio insurance. Also, this is the most essential insurance needed for a gym and fitness studio. 

General liability insurance for a gym functions to cover personal injury claims and property damage claims when an accident happens and an affected third party decides to sue your gym or fitness studio. The following are some  situations where general liability insurance for a gym can help:

• An individual was lifting weights in your gym or fitness studio. The person couldn’t take the heaviness and the weights fell causing injuries

• A person using the treadmill slipped and hit his head on the machine, resulting in head trauma 

• While on the climbing wall, the client slipped, fell, and plummeted to the floor

• Equipment in your gym or fitness studio wasn’t neatly kept. Someone was walking around while using a phone. The person tripped and fell. As a result, his phone was cracked 

It’s easy to understand how general liability insurance works. When a personal injury claim or property damage claim is filed by a third party, this type of gym and fitness center insurance provides the money you can use to:

• Cover or reimburse the medical expenses of the claimant 

• Refund the value of the claimant’s property, which got damaged due to your gym or fitness studio’s fault  

• Pay for attorney fees, administrative costs, and other associated expenses required to wrap up a personal injury claim or property damage claim 

General liability insurance can become a customized gym liability insurance by adding optional gym and fitness club insurance policies. Such optional add-ons to gym, fitness studio, and health club liability insurance are :

• Advertising injury coverage-Covers costs if your gym or fitness studio is sued for slander, libel, or copyright infringement

• Rented premises liability coverage-Rented premises liability coverage will refund the property owner if a rented or leased commercial space is damaged or destroyed by a fire due to your fault 

General liability insurance only covers personal injury claims or property damage claims filed by third parties and not employees. Third parties, as used in the language of this type of gym and fitness centre insurance, pertain to clients, visitors, vendors, and other individuals not directly involved with your gym or fitness studio’s operations. 

How much money can you get from general liability insurance? General liability insurance for fitness studios and gyms has a $1 million-$2 million per occurrence limit for bodily injuries and property damage with an aggregate set at $2 million. But note that, if the carrier allows it, you can customize your gym liability insurance and get $3 million-$5 million coverage. 

Note that general liability insurance can be sold as a gym insurance by the hour. There are also insurance companies selling it as a monthly gym liability insurance. When bought as a gym and fitness liability insurance by the month or hour, general liability insurance only provides coverage for personal injuries or property damage. Optional policies can be added or not if you decide to buy general liability as a gym and fitness liability insurance by day or month depending on which carrier you decide to work with. 

You need a related type of fitness industry insurance if your gym or fitness studio provides coaching to clients-professional liability insurance. Let’s discuss what this is in the next section.

Professional Liability Insurance for Fitness Studios and Gyms 

Aside from accidents, clients can sue your gym or fitness studio if the services or advice provided by instructors have substantial errors. This exposure falls out of the scope of general liability insurance. You need a related type of fitness gym insurance.  For protection, carriers underwrite professional liability insurance for fitness classes. Use this insurance when:

• A student files a claim because a fitness or training program you recommended didn’t bring the expected results

• A student decides to sue because the program you recommended caused harm

• You’re demanded to compensate for losses after giving an inaccurate advice 

• You were accused of being negligent because the student you’re assisting experienced an accident while working out 

Note that this type of gym instructor insurance is best bought as an occurrence policy. To quickly explain, occurrence professional liability insurance takes care of a covered peril regardless of when you report the incident to the insurance company. It provides protection all year round. What’s important is that the peril happened during the policy duration. 

The usual per occurrence limit of professional liability insurance for 24 hour gym and fitness studios is set at $1 million-$2 million. As for the aggregate limit, it’s $2 million. While it’s rarely possible to customize your limits, you can always opt to find insurance companies underwriting a professional liability insurance fitness offering $4 million-$5 million limit. 

The majority of carriers sell professional liability insurance as a stand-alone policy. However, this gym business insurance is also available as an optional coverage you can add to general liability insurance. A company that allows you to do this is NEXT Insurance. 

Fitness Studio and Gym Public Liability Insurance

Gym public liability insurance works the same way as general liability insurance. Public liability insurance fitness covers personal injury claims and property damage claims filed by third parties. 

Gym and fitness public liability insurance can’t be added with optional policies. And so, it’s cheaper than general liability insurance. Decide to get this one if your gym or fitness studio is still picking its pace. 

Some insurance companies sell this insurance as gym liability insurance by the month, day or hour.  When availed as a monthly, daily, or hourly gym liability insurance, public liability insurance provides $300,000-$500,000 minimum coverage. 

Product Liability Insurance for Gyms and Fitness Studios 

A commercial fitness studio and commercial gym insurance can be added with product liability insurance. Insurance companies offer this if you’re selling protein shakes, protein powders, and other workout supplements. 

When workout supplements clients bought from your gym caused allergies or any other illnesses, product liability insurance for gyms will cover the cost if a claim is filed. Specifically, this business insurance gym will cover attorney fees, administrative costs, and other legal expenses. 

Product liability insurance for fitness centers and gyms can be availed as a stand-alone policy. However, you can customize your gym insurance and add this to the general liability policy. The policy limit of product liability insurance starts at $100,00-$500,000. If added as an optional coverage, it shares the limits of general liability insurance or has its own sub-limit. 

Umbrella Liability Insurance for Gyms and Fitness Studios

Understand that some claims cost more than what your general liability insurance or professional liability insurance can handle. And to solve this problem, consider adding  umbrella liability insurance to your fitness studio and small gym insurance plan. 

Also called excess liability insurance, umbrella liability insurance supplements the policy limits of professional liability or general liability insurance. Here’s an example for you to understand better how this sports & fitness insurance policy works.:

• Suppose you have $2 million general liability insurance. A third party files a personal injury claim and wants you to pay $3 million for medical expenses and punitive damages. Your general liability insurance can take care of the $2 million but there’s still an excess $1 million. This excess amount will be covered by umbrella liability insurance. And so, you still settle the claim without spending personal money

Umbrella liability insurance is sold in increments of $1 million. The maximum amount of coverage you can purchase is $10 million-$100 million. Consider buying umbrella liability insurance if the general liability insurance or professional liability insurance you purchased only provides $1-$2 million coverage and the carrier doesn’t allow you to get more. Note that umbrella liability insurance can’t supplement the limits of general liability or professional liability insurance bought as a monthly, hourly, or daily fitness liability insurance. 

Commercial Property Insurance for Gym Facilities and Fitness Studio Centers

Get commercial property insurance for gym facilities and fitness studios to protect investments if you lease, own, or rent a building. This type of small business gym insurance is also a common inclusion in most gym and fitness studio insurance plans. Commercial property insurance helps by:

• Refunding the value of roofing, doors, flooring, windows, signage, siding, or any other damaged structures

• Reimbursing the value of the entire building if it’s destroyed 

You must understand that commercial property insurance for fitness studios and gyms only provides coverage if building damage or destruction is caused by specific causes. Such specific causes included in the terms of this fitness studio and climbing gym insurance are:

• Theft

• Vandalism and other forms of malicious mischief

• Impact damage

• Aircraft damage

• Winds

• Storms

• Fire

• Sprinkler breakdown 

• Explosions 

• Burst pipes 

• Riot

• Civil commotion

• Sinkhole collapse 

• Other covered perils stated in the policy’s terms 

Commercial property insurance for fitness studio and gyms is available as an actual cash value or replacement cost policy. Actual cash value commercial property insurance reimburses losses based on the depreciated value of a covered gym or fitness studio. For example, if your gym or studio is worth $1 million and it depreciates 5% before getting destroyed or damaged, then the money you’ll get will only be $500,000. 

As for replacement cost commercial property insurance for fitness business and gym business, it reimburses losses based on the non-depreciated value of the covered fitness studio or gym. For example, if the building is worth $1 million, the amount of insurance money you’ll get if it becomes damaged or destroyed will be the same. 

Having commercial property insurance is very important. You can use the money this type of gymnasium insurance provides to rebuild your fitness studio or gym and resume business operations as if nothing happened. 

Commercial property insurance for gyms and fitness studios can be added with contents coverage. With gym contents insurance coverage added, commercial property insurance doesn’t only protect the building but also the equipment inside. And so, you’ll get reimbursement in case treadmills, barbell sets, stationary bikes, ellipticals, training benches, and others get lost or damaged. 

Note that contents coverage only kicks in if covered pieces of equipment got lost or damaged while on the premises of your fitness studio or gym. It doesn’t apply if the equipment were lost during transport or while they’re on another business premise. Note that some companies don’t offer contents coverage, but instead allow you to add gym equipment insurance coverage to commercial property insurance. 

You get to decide the limits of commercial property insurance. Coverage can be as low as $15,000 or as hefty as $250,000. You can even get more than $1 million, provided that the carrier’s commercial property insurance offers this much. 

Workers Compensation Insurance for Gyms and Personal Training Studios 

Workers' compensation insurance can be added to gym and personal training studio insurance plans if you’re employing full-time and part-time fitness instructors. 

The majority of those working at gyms and fitness studios sustain injuries from time to time. Injuries range from fractures, muscle overuse, tendonitis, shin splint, wrist pain and dislocation, IT band syndrome, shoulder joint tear, and lower back pain.

The function of workers' compensation insurance is to cover expenses if an employee seeks help from your business after sustaining any of the injuries mentioned. Specifically, it will cover the following:

• Medical expenses-If an accident happens at the gym or personal training studio, workers compensation insurance will reimburse what you spent on ambulance fees and emergency room fees

• Hospitalization-This type of gym and personal training business insurance covers bills if the instructor working for your gym or fitness studio needs to be admitted to the hospital to receive intensive care for a work-related injury

• Medication-Workers compensation provides the funds your gym or fitness studio’s employee can use to buy prescription medicines recommended by the attending physician  

• Rehabilitation-Your gym or personal training studio’s employee will need help to pay for rehab if he/she sustains an injury that causes the impairment of specific bodily functions. In this situation, you can use workers' compensation insurance to pay for therapist fees and expenses for rehabilitation equipment

• Lost income compensation-Workers compensation insurance covers the income your gym or fitness studio’s employee would have earned if a work-related injury wasn’t sustained. Coverage for lost income is a weekly allowance equal to two-thirds or 67% of the average weekly wage. Your employee will receive this until the amount or duration stated in the terms of the policy is satisfied 

• Death benefits-If your fitness studio or gym’s employee dies from a work-related accident, workers' compensation will pay for his or her funeral. Dependents will also receive an allowance from workers' compensation insurance

Workers' compensation insurance only covers workers officially part of your payroll. The policy excludes contractors as they’re not employees but are independent entities only working in partnership with your fitness studio or gym. 

So how much money can you get from workers' compensation insurance? There’s no set policy limit for workers' compensation insurance. The amount of insurance money the policy provides is based on the provisions of the worker's comp law or labor law of each state. 

Getting worker's compensation insurance is a legal requirement as soon as one or more people are working for you. 

Depending on where you are, you’ll need to get the coverage for yourself even if there are no employees. Another thing, it might even be required even if family members are the ones working in your gym or fitness studio. 

You must know that workers' compensation insurance is an expensive policy. Premiums are based on the annual average payroll of your business. And so, you’ll pay more for workers comp as the number of your employees grows. But still, don’t let the price of the policy discourage you because the repercussions of not getting workers' compensation insurance is more problematic. 

If you’re running a startup gym or fitness studio business, consider getting pay-as-you-go workers' compensation insurance. Pay as you go workers compensation insurance determines rates based on your business’s monthly average payroll. And so, premiums are cheaper and more accurate. 

Also, workers' compensation insurance also protects your business against lawsuits. Employees can’t sue for negligence upon sustaining a work-related injury if your gym is in a state where businesses enjoy an exclusive remedy. 

Gym Injury Insurance 

Gym injury insurance is what’s officially known as personal accident insurance. So to be clear, there’s no gym injury insurance policy being sold or underwritten by carriers. Personal accident insurance kicks in, if you as an attendee of the gym, experiences an accident and sustain injuries. 

Another misnomer is fitness apparel insurance policy. There’s no insurance company that underwrites specialized coverage for fitness apparels. If you want to insure your fitness attire or garments, then you do that by buying a homeowner’s insurance with personal articles coverage. 

Commercial Auto Insurance for Fitness Studios and Gyms 

Buy commercial auto insurance if your fitness studio or gym owns a vehicle used to get supplies or fetch employees. There are a lot of perils associated with owning a commercial vehicle. It might cause an accident, get damaged, get passengers injured, etc. Insurance companies underwrite commercial auto insurance to cover such exposures. 

You can avail different coverages from commercial auto insurance. Namely, these are:

• Auto liability coverage-Consider a situation where you ask an employee to get pieces of equipment bought from a gym in another city. Your employee caused an accident while driving and third parties sustained injuries and property damage. In this situation, auto liability coverage will cover the medical expenses of injured third parties and provide refunds to those who had their property damaged. Also, legal expenses will be taken care of particularly attorney fees, settlements, administrative costs, etc. 

• Physical damage coverage-Commercial auto insurance has physical damage coverage, which covers expenses if your fitness studio or gym’s commercial vehicle got damaged. This is sold as a collision or comprehensive policy. Collision physical damage coverage will cover repair or replacement expenses if your commercial vehicle got damaged after colliding with a car or an object. Comprehensive physical damage coverage, on the other hand, will pay for repair or replacement expenses if the commercial vehicle is damaged by theft, windstorm, hail, snow, vandalism, and other covered perils 

• Rental reimbursement coverage-Rental reimbursement coverage will refund rental costs you shouldered because your fitness studio or gym’s commercial vehicle is being repaired. Note that some insurance companies will require you to rent from a specific vehicle rental for coverage to apply

• Medical payments coverage-Commercial auto insurance will offer medical payments coverage if your gym or fitness studio is in a fault state. Medical payments coverage will cover expenses if the driver of the commercial vehicle sustained injuries after getting involved in an accident

• Personal injury protection-Personal injury protection is included in commercial auto insurance if your fitness studio or gym is in a no-fault state. It covers medical expenses, hospitalization, rehabilitation, and lost income compensation if your commercial vehicle’s driver sustained injuries after causing an accident or getting involved in an accident 

• Uninsured/underinsured motorist coverage-Uninsured/underinsured motorist coverage kicks in if your commercial vehicle got involved in an accident caused by a driver who isn’t insured or doesn’t have enough insurance. In practice, this will give you the money the driver at fault would’ve provided

• Hired/non-owned auto liability coverage-Hired/non-owned auto liability coverage is an inclusion in commercial property insurance which covers costs if the vehicle that you hired or borrowed caused an accident, resulting in third-party personal injuries or property damage 

There are some important points you need to know about commercial auto insurance. The first one is that auto liability coverage won’t work if your commercial vehicle caused an accident because the driver is DUI, it’s running on the road without headlights, it’s in pursuit of police officers, etc. The point is, any accident resulting from criminal activity is excluded in the terms of policy. 

Secondly, physical damage coverage in commercial auto insurance also has exclusions. You can’t use it to cover repair or replacement costs if your fitness studio or gym’s commercial vehicle sustained damage because of a roll-over. Moreover, the repair or replacement of aftermarket parts is excluded from the policy. Another thing you need to know is that some insurance companies only provide coverage if you get repair or replacement services from a designated car repair center. 

Cyber Liability Insurance for Online Fitness Classes

Does your gym or fitness studio provide online fitness classes through a website, which collects the data and payment of students? If so, think about the resulting costs if your website is breached due to simple employee error or cyber-attacks. To protect yourself from losses, consider getting cyber liability insurance for online fitness classes. 

Cyber liability insurance covers expenses if third parties sue your fitness studio or gym after personal information got exposed due to employee negligence or cyber attack. Particular costs covered by this online fitness insurance are:

• Public relations

• Legal fees

• Compensation for economic or financial losses

The majority of carriers sell cyber liability insurance having a $1 million-$2 million limit. But since lawsuits arising from the leakage of personal information is expensive, carriers allow customers to get $3 million-$10 million coverage from the policy, given that specific requirements are met. 

Abuse and Molestation Insurance 

Abuse and molestation insurance covers costs if a claim is filed because you or an employee sexually harassed a client. Just like general liability and professional liability insurance, this covers attorney fees, settlements, administrative costs, and other legal expenses. Note that abuse and molestation insurance doesn’t cover sexual harassment lawsuits filed by employees. 

Employment Practices Liability Insurance 

Employment practices liability insurance covers attorney fees, administrative costs, and other legal expenses if an employee sues your gym or fitness studio for sexual harassment. Not only this, but coverage applies to claims filed due to wrongful termination, discrimination, missed wages, exploitation, and other acts considered as a violation of employee rights. 

Home Gym Insurance

No carrier sells a specialized home gym insurance plan. If you have a personal gym where other people can work out, then you can purchase general liability insurance to protect yourself from claims. You can also purchase a stand-alone professional liability policy as a home gym business insurance. On the other hand, if you use your home gym for personal purposes and want to insure its equipment, then do so through a homeowner’s insurance policy. 

A homeowner’s policy can function as a personal gym insurance because it has contents coverage. Through contents coverage, you can insure gym equipment that becomes lost or damaged due to floods, theft, impact damage, and other covered perils while on the premises of your home. 

Short Term Fitness Studio and Gym Insurance 

A few insurance companies underwrite short-term gym insurance, which is available as a gym and fitness insurance by the hour, day, or month. Purchasing gym insurance for a day, hour, or month is the best option if your fitness studio or gym’s operations are slow. That said, let’s discuss the features of gym insurance for one day, hour, or month. 

Hourly Gym Insurance

Hourly gym insurance plan consists of general liability and professional liability insurance. But it’s also possible for fitness and gym insurance hourly basis to only offer general liability and nothing else. The policies offered in gym and fitness insurance hourly basis have a $500,000-$2 million limit. Also, the duration of gym liability insurance by the hour starts at 1 hour and can be extended up to 12 hours or 24 hours. Note that most insurance companies underwriting gym and fitness liability insurance by the hour don't allow you to enjoy the protection provided by optional policies such as advertising injury and rented premises liability coverage. 

Fitness Studio and Gym Insurance by The Day

Fitness studio and gym insurance by the day is a specialized insurance plan that lasts for one day up to one or two weeks. Fitness liability insurance daily basis is sold by brokers and carriers that sell short-term insurance for all types of businesses.

Policies offered in gym insurance daily basis are general liability and professional liability insurance. Other business insurance products are available depending on the carrier underwriting the one day gym insurance.  In the absence of a general liability policy, daily gym insurance can offer a public liability policy instead. 

So how much coverage can you get from 24 hour fitness insurance? The general liability policy included in it has a $1 million-$2 million policy limit. The same is also true for the professional liability policy. Note that one day fitness insurance provides a COI  the moment you get insured. 

There are insurance companies that allow you to upgrade your fitness insurance for a day into a monthly plan, which is very helpful considering that you don’t need to undergo an application once again. Moreover, going for one day gym liability insurance helps you avoid purchasing too much insurance for your fitness studio or gym. 

As we said earlier, gym and fitness insurance by the day can offer other business insurance products aside from professional liability and general liability. These other business insurance policies, which might be offered in gym and fitness insurance for one day, are personal accident insurance, abuse and molestation insurance, or gym equipment insurance. 

Fitness Studio and Gym Insurance by The Month 

Fitness studio and gym insurance by the month is a specialized fitness studio and gym insurance that, as the name implies, only lasts for one month. Inclusions in monthly gym insurance are general liability and professional liability insurance. The amount of coverage of both policies offered by gym and fitness insurance by the month is $1 million-$2 million. 

Some insurance companies allow you to pause your fitness studio and gym insurance monthly basis at no additional cost. Also, there’s no limit on how many times you can pause your gym and fitness insurance monthly basis. 

Gym Insurance Cost

So how much does insurance cost for a gym? Gym insurance cost depend on a lot of factors. And so, there’s no fixed answer as to how much is gym insurance. The easiest way to estimate how much does it cost to insure a gym is to look at what policies you choose to include.

Going with this logic, gym liability insurance cost $39 per month or $468 per year for a $1 million coverage. Note that this estimate of gym insurance cost assumes that a gym has a good business profile. For those with poor backgrounds, how much is liability insurance for a gym then? Gym insurance costs $125 per month or $1,500 per year.

In connection, here’s a table showing the gym insurance cost estimate of the best companies for fitness studios, gyms, and other related businesses. To be clear, the numbers below are the average cost of liability insurance for a gym, fitness studio, and other related businesses underwritten by the featured companies:

We recommend you compare any fitness studio and gym insurance quote. By comparing fitness studio and gym insurance quotes, you’ll get to see which carrier provides the best gym insurance at the most reasonable price. Start comparing cheap gym insurance quotes by clicking the “Get Quotes” button on this page.

So what factors affect gym and fitness studio insurance cost? As said earlier, there are many. Let’s quickly take a look at each:

Location

Location is a prime determinant of gym insurance average cost. The easiest way to explain it is that you pay more or less than other customers depending on where your fitness studio or gym is located. This is why most agents will ask where you live before giving a quick estimate of the possible gym insurance prices.

24 Hour Operation

How much does gym insurance cost is also determined by how many hours your business is open. Gym and fitness insurance cost become more expensive if your fitness studio or gym is open for 24 hours. The idea is that there are more exposures when a gym or fitness studio is open for long periods of time. So if you want to save on the cost of gym insurance, consider staying open for 8-10 hours if business operations aren't very lively yet.

Claims History

Of course, gym, fitness studio, and health club insurance cost is determined by claims history. In fact, this is also a prime determinant of how much is insurance for a gym and other fitness facilities. It’s only reasonable for fitness studio and personal training insurance cost to be expensive if you’ve made a claim on an insurance policy in the past three or five years.

Boxing Gym Insurance Cost

Boxing gyms with excellent claims history spend $33.45 per month or $401.4 per year for a $1 million general liability insurance. Boxing gym insurance cost $100 per month or $1,200 per year for customers with poor claims history.

Crossfit Gym Insurance Cost

Crossfit gyms that have a business experience of 5-7 years pay a crossfit insurance cost of $31.25 per month or $375 per year for a $1 million general liability insurance policy. Those with 0-3 years experience pay a crossfit gym insurance cost of $65 per month or $780 per year.

Crossfit Insurance Requirements

Say if you’re planning to start a commercial crossfit gym, see to it that you meet the following crossfit insurance requirements.

• General liability insurance-$1 million per occurrence and $3 million aggregate limit

• Abuse and molestation- $100,000 per occurrence and $100,000 aggregate

• Professional liability insurance-$1 million per occurrence and $2 million aggregate

Daily Gym Liability Insurance Cost

The cost of daily gym liability insurance is more expensive than annual gym insurance plans. Expect your gym liability insurance daily basis to cost $89. This figure is just on the low spectrum. If you have a poor business profile then expect your gym liability insurance for a day to be $100-$115.