Many engage in gymnastics. Gymnastics promotes flexibility, and those involved in it are exceptional in the dance studio. Nonetheless, gymnastics is physically demanding and requires sports coaches and facilities to ensure the safety and well-being of participants.
However, accidents and incidents can still occur, leading to potential financial liabilities. That's where gymnastics insurance comes in. We will explore different types of gymnastics insurance policies, their coverage limits, and more. Read on to get the correct options for your business.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $500,000/$1,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $100,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | No |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Yes |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
General liability insurance is essential for gymnastics facilities to protect against potential risks and liabilities. Gymnastics involves physical activity, which can lead to injuries or accidents. This gymnastics Liability Insurance provides coverage for bodily injury and property damage claims that may arise from the operations of a gymnastics facility.
The coverage limit for general liability insurance typically ranges from $1 million to $2 million.
Customer property coverage–This add-on to general liability insurance can reimburse a third party whose property got damaged while in your care, custody, and control
Event liability insurance–If you host gymnastics competitions, showcases, or other special events, event liability insurance can provide coverage for accidents, injuries, or property damage that occur
While general liability insurance is essential, it may not cover all the risks a gymnastics facility faces. It's recommended to consider additional insurance policies for comprehensive coverage.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Yes | No |
| License defense coverage included? | No | No | No | No | Can be included |
Professional liability insurance is an inclusion in gymnastics club insurance that protects against lawsuits that result from alleged professional mistakes or negligence. This policy protects your livelihood and reputation.
Even with safety protocols, accidents can still happen, and as a coach, you may face costly lawsuits. That makes it a necessity for your business to have this insurance. When purchasing professional liability insurance for gymnastics coaches, it's important to consider the level of coverage needed and the types of risks.
The coverage limit for professional liability insurance typically ranges from $500,000 to $2 million.
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $25,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $25,000 | $25,000/$500,000 | $15,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Included | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Included | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Included | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
Commercial property insurance protects the physical assets of a business. Gymnastics facilities require a lot of investment in equipment, furniture, and other assets. It's essential to protect investments by obtaining this insurance for gymnastics facilities. Commercial property insurance covers damages to your building, equipment, inventory, and other physical assets due to fire, theft, or natural disasters.
For commercial property insurance can vary depending on the property's value. However, typical coverage limits for gymnastics facilities range from $100,000 to $5 million.
Outdoor signs coverage–If your gymnastics facility has outdoor signage, such as a marquee or illuminated sign, consider adding outdoor signs coverage to protect against damage or loss caused by vandalism, storms, or accidents
Sewer or drain backup coverage–This add-on provides coverage for damage caused by sewer or drain backups, which can damage your building and equipment
Even if you lease your facility, having commercial property insurance is still important. While the building itself may be covered by the property owner's insurance, your equipment, fixtures, and other assets may not be covered.
| CoverWallet | NEXT (Best) | Hiscox | Thimble | The Hartford | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $500,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $25,000 | $25,000 | $25,000/$500,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
BOP is an insurance policy for small and medium-sized businesses, including gymnastics clubs. It is a package policy that combines liability and property coverage. Gymnastics coaches who provide services at various locations or operate mobile gymnastics programs can contact their mobile gymnastics insurance provider for a BOP quote.
The coverage limits for a BOP for gymnastics clubs may range from $10,000 to $1 million. In comparison, liability coverage may range from $500,000 to $2 million, depending on your gymnastics insurance coverage provider.
Employment practices liability insurance (EPLI) to protect against lawsuits related to employment practices
Cyber liability insurance to protect against data breaches, cyber-attacks, and other cyber-related losses
| NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
You rely on various equipment and tools to keep your business running smoothly. Whether it's weights, cardio machines, or specialized equipment for training, these items can be expensive to repair or replace if lost, stolen, or damaged. That's where tools and equipment policy of gymnastics facility and gymnastics coach insurance programs comes in.
Tools and equipment insurance policies can cover up to $250,000 or more, depending on the equipment's value.
Business interruption insurance–This coverage can help replace lost income if your gym closes temporarily due to equipment damage or loss
Replacement cost coverage–This coverage can ensure that you receive the full value of your equipment, even if it has depreciated over time
Transit coverage–If you need to transport your equipment to different locations, transit coverage can protect against loss or damage during transport
Tools and equipment insurance typically does not cover equipment breakdowns due to mechanical failure or wear and tear. However, some policies may offer breakdown coverage. Reviewing the specific policy details to understand what is covered and excluded is important.
Commercial auto insurance covers the vehicles used to operate a gymnastics business. This type of insurance is essential for mobile gymnastics businesses that rely heavily on transportation.
With commercial auto insurance, gymnastics businesses can protect their vehicles and employees against accidents, theft, and other damages. It is often included as part of a comprehensive mobile gymnastics insurance, which covers a variety of risks associated with operating a gymnastics business on the go.
Commercial auto insurance policies can range from $100,000 to $1 million per accident.
Collision coverage covers damages to the insured vehicle resulting from collisions with another vehicle or object
Comprehensive coverage covers damages to the insured vehicle resulting from non-collision events, such as theft, vandalism, or natural disasters
Rental reimbursement covers renting a replacement vehicle while the insured vehicle is being repaired or replaced
Some of the critical components of a commercial auto insurance policy for gymnastics may include:
Liability coverage covers the costs of damages or injuries caused to other people or property due to an accident involving a vehicle owned or used by the business
Physical damage coverage covers repairing or replacing a vehicle damaged in an accident or other covered event
Medical payments coverage covers the costs of medical treatment for injuries sustained by the driver and passengers in the insured vehicle
Personal injury protection covers medical expenses, lost wages, and other expenses related to injuries sustained in an accident, regardless of who was at fault
Commercial auto insurance for gymnastics can cover a variety of vehicles, including vans, trucks, and buses, used for business purposes such as transporting equipment, employees, or customers.
Workers compensation insurance covers medical expenses, lost wages, and rehabilitation costs for employees who suffer work-related injuries or illnesses. It is a legally required insurance policy in most jurisdictions and serves as a safety net for employees and employers.
Occupational health services–Some insurance providers may partner with occupational health service providers. These services can offer pre-employment screenings, wellness programs, and ongoing health assessments to promote employee well-being and prevent work-related injuries or illnesses
Risk management programs–Insurance providers may offer programs tailored to the gymnastics industry. These programs guide safety protocols, training techniques, and best practices to minimize the risk of accidents and injuries in the workplace
In most states, gym owners are required by law to have workers compensation insurance for their employees. The laws and regulations can vary from state to state, so it's important to consult with an insurance professional or an attorney to understand the specific requirements for your gym
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $35 | $420 | $0-$500 |
| Professional liability insurance | $39 | $468 | $500-$1,000 |
| Commercial property insurance | $56 | $672 | $1,000-$2,000 |
| Business owner's policy | $83 | $996 | $1,500 |
| Tools and equipment insurance | $44 | $528 | $500-$1,000 |
| Commercial auto insurance | $60 | $720 | $500-$1,000 |
| Workers compensation insurance | $104 | $1,248 | $2,500-$5,000 |
The average gymnastics insurance cost ranges from $35 per month or $420 per year for a $1 million general liability policy. Here are the factors that can influence your actual gymnastics insurance cost:
Gym size and location–Larger gymnastics facilities and locations in areas with higher insurance rates may result in higher premiums due to increased risk exposure
Number of participants–More participants in your gymnastics program can lead to higher insurance costs as it increases the potential for accidents or injuries
Level of risk–The nature of gymnastics activities and the skill levels involved influence the level of risk. Insurance providers consider these factors to assess the likelihood of incidents and adjust premiums accordingly
Coverage options–The specific insurance coverage options you choose, such as general liability, professional liability, or property insurance, can impact the overall cost
Take a look at this table that shows the cost of a $1 million general liability insurance from the best gymnastics insurance companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $15 | $180 | Best overall; Fastest general liability insurance for gymnastics |
| CoverWallet | $18 | $216 | Comparing gymnastics insurance quotes online |
| The Hartford | $22 | $264 | Workers compensation insurance for gymnastics clubs |
| Tivly | $26 | $312 | Comparing gymnastics insurance quotes over the phone |
| Thimble | $29 | $348 | On-demand coverage for gymnastics |
| Hiscox | $30 | $360 | Gymnastics insurance with automatic renewal |
| USA Gymnastics Insurance | $55 | $660 | Gymnastics coaches |
Get all the best quotes from leading providers in a click of a button!
Here are the best gymnastics insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability policy.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for gymnastics
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT stands out as a reliable option. They aim to offer more affordable small business insurance online specifically tailored to the needs of each business. One of the key advantages of Next Insurance is its ability to customize policies for different industries, ensuring that gymnastics coaches and facilities receive appropriate coverage.
Best for: Best overall; Fastest general liability insurance for gymnastics
Average cost: $15 per month
Our rating: 10/10
Tailored coverage for gymnastics coaches and facilities
Competitive rates for affordable insurance
Quick and efficient insurance process
Excellent customer service and reputation
Not an insurance company but an insurance broker
CoverWallet offers the best, easiest, and most inexpensive solution for businesses to buy and manage their business insurance plans in one location. Small businesses and startups can get customized business insurance quotes from CoverWallet for a wide range of coverage options that span a wide and continuously expanding range of industries.
Best for: Comparing gymnastics insurance quotes online
Average cost: $18 per month
Our rating: 10/10
User-friendly digital platform for easy insurance management
Wide range of coverage options tailored to different industries
Quick and hassle-free application process
Dedicated customer support for assistance
Limited add-ons to general liability insurance
The Hartford is a notable and well-established option for your gymnastics insurance. As an American investment and insurance corporation headquartered in Hartford, Connecticut, Hartford has a strong presence and is listed on the Fortune 500. They offer a diverse range of products, including commercial insurance designed to meet the needs of businesses across various industries. This makes Hartford a viable and reliable choice for gymnastics coaches and facilities seeking comprehensive insurance coverage tailored to their requirements.
Best for: Workers compensation insurance for gymnastics clubs
Average cost: $22 per month
Our rating: 10/10
Strong financial stability and established reputation
Extensive coverage options
Specialized risk management resources and support
Flexible policies that can be customized to specific requirements
You need to talk to a representative to get quotes
Coaches in need of gymnastics insurance can consider Tivly as a promising choice. Despite being a newcomer in the insurance industry, Tivly has focused on serving small businesses, including gymnastics facilities, with tailored insurance policies. Tivly offers coaches the flexibility to create an insurance program from the ground up, allowing them to customize their coverage to align with their specific needs and requirements. Call now to compare quotes over the phone
Best for: Comparing gymnastics insurance quotes over the phone
Average cost: $26 per month
Our rating: 9/10
On-demand coverage options for flexible insurance needs
They have easy and quick policy issuance through their mobile app
Transparent pricing with pay-as-you-go options
Coverage for short-term or project-based activities
You can’t reach customer service by calling
Despite its recent establishment in 2016, Thimble has swiftly built a strong reputation by specializing in short-term, on-demand, and instant insurance solutions tailored to the needs of small businesses. Their emphasis on customer satisfaction is evident through positive ratings and reviews, demonstrating their dedication to delivering comprehensive and reliable coverage.
Best for: On-demand coverage for gymnastics
Average cost: $29 per month
Our rating: 8/10
Extensive experience and expertise in serving small businesses
Tailored coverage options for various industries
Strong financial stability and reliable claims handling
Access to risk management resources and tools
Doesn’t offer coverage in Alaska
As a premier specialty insurance provider, Hiscox USA has a rich history from 1901. What sets Hiscox apart is their unique approach to insurance, focusing on specific insurance types where they have expertise. They often target areas that other insurers consider challenging to insure. With this specialization, Hiscox offers businesses market-leading products and services that defy conventional norms in each niche they operate in. This makes Hiscox a reliable choice for gymnastics coaches and facilities seeking insurance coverage tailored to their needs.
Best for: Gymnastics insurance with automatic renewal
Average cost: $30 per month
Our rating: 8/10
Explicitly focuses on the gymnastics industry
Multiple coverage options are available for gymnastic insurance
Limited information available on their website about pricing and coverage details
This program is designed specifically for gymnastics clubs and individuals in the gymnastics industry. They offer a range of insurance options, including general liability, abuse and molestation, directors and officers liability, and more. USAG insurance is only available to members. Consider signing up if you want to get insurance from this organization.
Best for: Gymnastics coaches
Average cost: $55 per month
Our rating: 6/10
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow
Not all those who wander are lost.
Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
