Table of contents
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.Â
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 |
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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.
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The coverage limit for general liability insurance typically ranges from $1 million to $2 million.
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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.
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| 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 |
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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.Â
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.
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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 |
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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.
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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.
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.
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| 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 |
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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.Â
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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.
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| 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 |
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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.
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Tools and equipment insurance policies can cover up to $250,000 or more, depending on the equipment’s value.
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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.
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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.Â
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.
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Commercial auto insurance policies can range from $100,000 to $1 million per accident.
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Some of the critical components of a commercial auto insurance policy for gymnastics may include:
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.
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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.
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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 |
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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:
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.Â
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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
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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 onlineÂ
Average cost: $18 per month
Our rating: 10/10
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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
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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 phoneÂ
Average cost: $26 per month
Our rating: 9/10
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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 gymnasticsÂ
Average cost: $29 per monthÂ
Our rating: 8/10
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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
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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.Â
Best for: Gymnastics coaches
Average cost: $55 per month
Our rating: 6/10
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
Not all those who wander are lost.
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