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Gymnastics Insurance: Cost & Quotes From $35/mo

Table of contents
1. General Liability Insurance for Gymnastics1.1. Coverage Limits of General Liability Insuranc e for Gymnastics 1.2. Add-Ons to General Liability Insurance for Gymnastics1.3. Is General Liability Insurance Enough for a Gymnastics Facility?2. Professional Liability Insurance for Gymnastics2.1. Coverage Limits of Professional Liability Insurance for Gymnastics3. Commercial Property Insurance for Gymnastics 3.1. Coverage Limits Commercial Property Insurance for Gymnastics 3.2. Add-Ons to Commercial Property Insurance for Gymnastics3.3. Do I Need Commercial Property Insurance if I Lease My Gymnastics Facility?4. Business Owner’s Policy for Gymnastics 4.1. Coverage Limits of Business Owner’s Policy for Gymnastics 4.2. Add-Ons to Business Owner’s Policy for Gymnastics 5. Tools and Equipment Insurance for Gymnastics5.1. Coverage limits of Tools and Equipment Insurance for Gymnastics5.2. Add-Ons to Tools and Equipment Insurance for Gymnastics5.3. Does Tools and Equipment Insurance Cover Equipment Breakdowns?6. Commercial Auto Insurance for Gymnastics6.1. Coverage Limits of Commercial Auto Insurance for Gymnastics 6.2. Add-Ons to Commercial Auto Insurance for Gymnastics6.3. Components of Commercial Auto Insurance for Gymnastics6.4. What Types of Vehicles Can Be Covered Under Commercial Auto Insurance for Gymnastics?7. Workers Compensation Insurance for Gymnastics7.1. Add-Ons to Workers Compensation Insurance for Gymnastics 7.2. Are Gym Owners Required by Law To Have Workers Compensation Insurance?8. Gymnastics  Insurance Cost9. Best Gymnastics Insurance Companies9.1. NEXT Gymnastics Insurance 9.1.1. Pros9.1.2. Cons9.2. CoverWallet Gymnastics Insurance 9.2.1. Pros9.2.2. Cons9.3. The Hartford Gymnastics Insurance 9.3.1. Pros9.3.2. Cons9.4. Tivly Gymnastics Insurance 9.4.1. Pros9.4.2. Cons9.5. Thimble Gymnastics Insurance 9.5.1. Pros9.5.2. Cons9.6. Hiscox Gymnastics Insurance 9.6.1. Pros9.6.2. Cons9.7. USA Gymnastics Insurance 9.7.1. Pros9.7.2. Cons

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.

General Liability Insurance for Gymnastics


CoverWallet NEXT (Best)Thimble HiscoxThe 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?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedNo
Equipment breakdown floater included?No YesYesCan be includedYes
Can you get a certificate of insurance online?YesYesYesYesYes
Name additional insureds?YesYes
YesYesYes
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.


Coverage Limits of General Liability Insurance for Gymnastics

The coverage limit for general liability insurance typically ranges from $1 million to $2 million.


Add-Ons to General Liability Insurance for Gymnastics

  • 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


Is General Liability Insurance Enough for a Gymnastics Facility?

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.


Professional Liability Insurance for Gymnastics


CoverWallet NEXT Thimble (Best)HiscoxThe 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?YesYesYesYesYes
Waiver of subrogation included?YesNoYesYesNo
License defense coverage included?NoNoNoNoCan 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.


Coverage Limits of Professional Liability Insurance for Gymnastics

The coverage limit for professional liability insurance typically ranges from $500,000 to $2 million.

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Commercial Property Insurance for Gymnastics


CoverWalletNEXT (Best)ThimbleHiscoxThe 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 signsExcluded$2,500ExcludedIncludedExcluded
Accounts receivableExcludedExcluded$5,000/$10,000IncludedExcluded
Money and securitiesExcluded$2,500$1,000IncludedExcluded
Lock and keysExcluded$2,500ExcludedIncludedExcluded
Business interruption floaterExcludedIncludedIncludedIncludedExcluded
Equipment breakdown floaterExcludedIncludedExcludedIncludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500ExcludedExcluded


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.


Coverage Limits Commercial Property Insurance for Gymnastics

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.


Add-Ons to Commercial Property Insurance for Gymnastics

  • 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


Do I Need Commercial Property Insurance if I Lease My Gymnastics Facility?

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.




Business Owner’s Policy for Gymnastics


CoverWalletNEXT (Best)HiscoxThimbleThe 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?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes
BOP discount?YesYesYesYesYes


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.


Coverage Limits of Business Owner’s Policy for Gymnastics

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.


Add-Ons to Business Owner’s Policy for Gymnastics

  • 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


Tools and Equipment Insurance for Gymnastics


NEXT (Best)ThimbleHiscoxThe 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/$5,000NoYes
Miscellaneous equipment also covered?$5,000/$10,000NoYesYes
Offered as an endorsement to general liability insurance?YesYesYesYes
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.


Coverage limits of Tools and Equipment Insurance for Gymnastics

Tools and equipment insurance policies can cover up to $250,000 or more, depending on the equipment's value.


Add-Ons to Tools and Equipment Insurance for Gymnastics

  • 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


Does Tools and Equipment Insurance Cover Equipment Breakdowns?

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 for Gymnastics

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.


Coverage Limits of Commercial Auto Insurance for Gymnastics

Commercial auto insurance policies can range from $100,000 to $1 million per accident.


Add-Ons to Commercial Auto Insurance for Gymnastics

  • 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


Components of Commercial Auto Insurance for Gymnastics

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


What Types of Vehicles Can Be Covered Under Commercial Auto Insurance for Gymnastics?

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 for Gymnastics

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.


Add-Ons to Workers Compensation Insurance for Gymnastics

  • 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


Are Gym Owners Required by Law To Have Workers Compensation Insurance?

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

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Gymnastics  Insurance Cost


Cost per MonthCost per YearDeductible
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 MonthCost per YearBest for
NEXT$15$180Best overall; Fastest general liability insurance for gymnastics
CoverWallet$18$216Comparing gymnastics insurance quotes online
The Hartford$22$264Workers compensation insurance for gymnastics clubs
Tivly$26$312Comparing gymnastics insurance quotes over the phone
Thimble$29$348On-demand coverage for gymnastics
Hiscox$30$360Gymnastics insurance with automatic renewal
USA Gymnastics Insurance$55$660Gymnastics coaches

Compare Cheap Gymnastics Insurance Quotes Online

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Best Gymnastics Insurance Companies

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. 


NEXT Gymnastics Insurance

Pros

  • 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 

Cons

  • 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


CoverWallet Gymnastics Insurance

Pros

  • Tailored coverage for gymnastics coaches and facilities

  • Competitive rates for affordable insurance

  • Quick and efficient insurance process

  • Excellent customer service and reputation

Cons

  • 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


The Hartford Gymnastics Insurance

Pros

  • 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

Cons

  • 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


Tivly Gymnastics Insurance

Pros

  • Strong financial stability and established reputation

  • Extensive coverage options 

  • Specialized risk management resources and support

  • Flexible policies that can be customized to specific requirements

Cons

  • 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


Thimble Gymnastics Insurance

Pros

  • 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

Cons

  • 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


Hiscox Gymnastics Insurance

Pros

  • 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

Cons

  • 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


USA Gymnastics Insurance

Pros

  • Explicitly focuses on the gymnastics industry

  • Multiple coverage options are available for gymnastic insurance

Cons

  • 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



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