While reducing weight makes you feel and look good, this isn’t the motivation for all. Some want to burn calories to improve underlying bodily conditions such as hypertension and heart problems. Gyms don’t have the expertise to help such individuals. This is where weight loss clinics, equipped with dieticians and medical fitness specialists, come in.
Owning and operating a weight loss clinic involves many risks and potential liabilities. Your business’s personal trainer faces an abuse and molestation lawsuit. It’s also possible for your clinic to face legal action for inaccurate advice. Of course, fitness equipment can require costly repairs.
Therefore, protecting your business with the right insurance policies is very important. Weight loss clinic insurance is designed to cover the unexpected. This article will discuss the different types of insurance policies available for weight loss center insurance. We'll also provide estimated costs and review some of the best insurance companies.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$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 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
General liability insurance provides financial protection against bodily injury, property damage, and advertising injury claims. This weight loss clinic business insurance policy is designed to help weight loss clinics cover the costs associated with legal fees, medical expenses, and settlements resulting from accidents or incidents that occur on their premises or as a result of their business operations.
The coverage limits can range from $500,000 to $2 million, depending on the specific needs of the clinic and the risks associated with its operations.
Slip-and-fall accidents can occur in various settings, such as businesses, public spaces, or private properties. If a customer or visitor slips and falls on your business premises due to a hazardous condition, such as a wet floor or uneven surface, it can result in injuries. In such cases, your general liability insurance can come to the rescue
Property damage can arise from various situations, whether accidental or due to uncontrollable events. For instance, if you or your employees accidentally damage someone else's property while conducting business operations, your general liability insurance can cover repair or replacement costs
Advertising injury refers to instances where your advertising or marketing activities unintentionally cause harm or infringe upon the rights of others. This can include copyright infringement, defamation claims, or invasion of privacy
Product liability insurance–This add-on to the general liability coverage of your weight loss centre insurance can cover claims arising from injuries or damages caused by the weight loss clinic's products
Cyber liability insurance–Covers claims arising from data breaches, cyber-attacks, or other cyber-related incidents
The policy ]does not cover claims for employee injuries or illnesses, damage to the clinic's own property, or intentional acts of harm. For these types of risks, weight loss clinics may need to purchase additional insurance policies, such as workers' compensation insurance or property insurance.
| 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 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
| HIPAA coverage included? | No | No | No | No | No |
| Sexual misconduct coverage included? | No | No | No | No | Can be included |
| License defense coverage included? | No | No | No | No | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 | $500 |
Professional indemnity insurance for weight loss centres covers claims for negligence, breach of contract, violation of good faith, inaccurate advice, and other covered perils. This covers legal expenses, settlements, and judgments should a third party file a claim. Also called medical malpractice insurance for weight loss centers, you avail this policy as a claims-made or occurence coverage.
Product liability insurance for weight loss centres provides coverage against claims arising from defective or harmful products they manufacture, distribute, or sell. In the context of weight loss clinics, product liability insurance would protect the clinic from claims related to products sold by the clinic, such as dietary supplements, vitamins, or other weight loss products.
Product liability insurance limits can vary depending on the size and nature of the business. The range can typically be anywhere from $100,000 to $1 million.
Product recalls can occur when a manufacturer or seller discovers a defect or potential hazard in their products and decides to remove them to prevent harm to consumers
Allergic reactions can happen when individuals have adverse reactions to certain substances or ingredients in products. In the context of businesses, this can involve products such as food, cosmetics, or medications
The cost of product liability insurance for weight loss clinics can dIffer on several factors, including the type of products sold, the size of the business, the number of employees, the business's location, and the business's claims history.
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| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $340,000 | $25,000/$500,000 | $35,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $35,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
This policy protects your business property from damages caused by covered events such as fire, theft, or natural disasters. It covers the building, equipment, furniture, inventory, and other assets used in your weight loss clinic.
The coverage limits range between $500,000 and $5 million, depending on the size of your business and the value of your assets.
Property insurance typically covers damages caused by fire, lightning, and other covered perils. Suppose your property, such as a building or its contents, is damaged or destroyed due to a fire, lightning strike, or other covered events like explosions or smoke damage. In that case, commercial property insurance can help cover the costs of repair, restoration, or replacement
Theft coverage is typically included in property insurance policies. Insurance can cover the stolen items if your business property, inventory, or equipment is stolen. This can include reimbursement for the value of the stolen goods or the replacement cost
Defacement coverage falls under property insurance or a specific endorsement known as "vandalism and malicious mischief." Suppose your property is intentionally defaced or vandalized, such as graffiti or intentional destruction of property. Commercial property insurance can help cover the costs of repairing or restoring the defaced areas
Equipment breakdown coverage covers the repair or replacement costs of equipment that breaks down or malfunctions
Flood insurance is a specialized insurance policy that covers property damage and losses caused by floods. Standard commercial property insurance policies typically exclude coverage for flood-related damages, so it's crucial to obtain separate flood insurance if your business is located in an area prone to flooding
Earthquake insurance is a type of insurance policy that covers damages to property caused by earthquakes. Earthquakes can result in severe structural damage, destruction, and business interruptions
There are exclusions and limitations to commercial property insurance. Common exclusions include damages caused by earthquakes, floods, or other natural disasters. Reviewing your policy carefully and understanding what is covered and what is not is essential.
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| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $320,000 | $25,000/$500,000 | $35,000 | $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 |
A business owner’s policy (BOP) combines two essential insurance coverages; general liability, and commercial property insurance. This is designed to provide comprehensive coverage for small businesses at a lower cost than purchasing each policy separately.
Generally, the policy limits for a BOP policy range between $1 million and $4 million, including liability and property damage coverage.
Property damage claims that arise when your business causes damage to someone else's property or if a covered event damages your property
Damage to your business’s personal property
Reputational damage claims due to negative publicity, defamation, or other related offenses
Employee theft, such as stealing money, merchandise, or intellectual property from the business. Coverage for employee theft is typically provided through a crime insurance policy
Cyber liability insurance–This coverage protects against data breaches, cyber-attacks, and theft or unauthorized access to sensitive client information.
Medical malpractice insurance–Weight loss clinics provide specialized medical services and advice, which exposes them to potential professional liability claims. Medical malpractice insurance covers claims arising from alleged errors, omissions, or negligence in providing medical services
Unfortunately, a standard BOP policy does not cover loss of income due to a pandemic. However, some insurers may offer endorsements to the policy to cover business interruptions caused by a pandemic or other infectious diseases. It's always best to check with your insurer for coverage options.
| NEXT | 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 |
If you own a weight loss clinic, you probably rely heavily on various tools and equipment to provide services to clients. Tools and equipment insurance protects these valuable assets from damage, loss, or theft.
The coverage limits for tools and equipment insurance can vary depending on the specific policy and the value of the insured items. Some policies may have limits as low as $5,000, while others may provide coverage up to several hundred thousand dollars.
Theft or burglary of tools
Accidental damage or destruction of tools
Loss of tools and equipment due to fire, natural disasters (such as hurricanes or floods), or other covered events
Inland marine coverage covers property in transit or not typically covered by standard property insurance. Despite its name, inland marine insurance doesn't solely pertain to maritime activities but covers a wide range of property and equipment transported over land or kept at various locations
Business interruption coverage protects businesses from financial losses resulting from a temporary halt in operations due to covered events. These events may include fire, natural disasters, equipment breakdowns, or other unforeseen circumstances
While general liability insurance can provide some protection for damage or loss of tools and equipment, it may not provide sufficient coverage for all situations. Tools and equipment insurance is specifically designed to cover these valuable assets and can provide additional protection and peace of mind for weight loss clinic owners.
Commercial auto insurance provides coverage for vehicles used for business purposes, such as those owned by a weight loss clinic. This insurance can cover damages and injuries resulting from accidents, theft, and vandalism.
Some common coverage limits range from $100,000 to $1 million.
Accidents involving clinic-owned vehicles can be covered by commercial auto insurance. This type of insurance covers property damage and bodily injury liability
Theft or vandalism to clinic-owned vehicles
Vehicle damage due to collisions
Uninsured/underinsured motorist coverage is a type of auto insurance coverage that protects you if you're involved in an accident with a driver who either doesn't have insurance or doesn’t have insufficient insurance coverage to fully compensate you for your losses
Roadside assistance coverage assists in the event of a breakdown or other non-accident-related issues while on the road. This coverage typically includes services like towing, battery jump-start, tire changes, fuel delivery, and locksmith services
Rental reimbursement coverage is designed to reimburse the cost of renting a replacement vehicle while your clinic-owned vehicle is undergoing repairs due to a covered claim
Commercial auto insurance can cover a variety of vehicles used for business purposes, including cars, vans, trucks, and trailers. In the case of a weight loss clinic, this may include vehicles used for transporting equipment or supplies and those used for patient transport.
Excess liability insurance is a type of insurance policy that provides additional coverage to an existing liability policy. In the case of a weight loss clinic, it would cover any costs or damages that exceed the coverage limits of the primary liability insurance policy. This can include legal fees, medical expenses, and damages awarded in a lawsuit.
The coverage limits for excess liability insurance differ depending on the specific needs of the weight loss clinic, but they typically range from $1 million to $10 million.
Workers' compensation insurance is designed to cover medical expenses and lost wages to employees injured or ill due to their job. It is mandatory for businesses with employees in most states, including weight loss clinics. This insurance is designed to protect both employees and employers.
Generally, the coverage limit for medical expenses is unlimited, while the coverage limit for lost wages may vary. The coverage limit for lost wages is typically a percentage of the employee's regular salary.
Workplace accidents refer to unexpected incidents or injuries that occur while an employee performs his job duties. These accidents range from slips, falls, or equipment malfunctions to more severe incidents like vehicular crashes
Illnesses caused by work-related conditions, also known as occupational illnesses, are health conditions that are directly caused or significantly aggravated by exposure to workplace hazards or occupational activities
Employer liability coverage is a component of workers' compensation insurance. It provides coverage for claims brought by employees who are injured or become ill on the job and sue their employer for damages
Stop-gap coverage is a type of insurance used to fill gaps in workers' compensation coverage when a business operates in multiple states. Workers' compensation laws and requirements vary from state to state, and some states may have exclusive state-run workers' compensation systems
The weight loss clinic should immediately provide medical attention and file a workers' compensation claim with their insurance provider. It should also investigate the accident to determine the cause and take steps to prevent similar accidents from happening in the future.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $46 | $552 | $0-$500 |
| Professional liability insurance | $49 | $588 | $500-$1,000 |
| Excess liability insurance | $58 | $696 | $500-$1,000 |
| Commercial property insurance | $87 | $1,044 | $1,000-$2,000 |
| Business owner’s policy | $104 | $1,248 | $1,500 |
| Commercial auto insurance | $63 | $756 | $500-$1,000 |
| Tools and equipment insurance | $61 | $732 | $500-$1,000 |
| Workers compensation insurance | $105 | $1,260 | $2,000-$5,000 |
The average weight loss clinic insurance cost is $46 per month or $552 per year for a $1 million general liability insurance. Factors that affect premiums are claims history, business history, policy limits, deductibles, annual revenues, and number of employees. Here’s a table showing the cost of a $1 million general liability insurance from the best companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $29 | $348 | Best overall; Fastest general liability insurance for weight loss clinics |
| The Hartford | $35 | $420 | Tailored insurance solutions for weight loss clinics |
| CoverWallet | $32 | $384 | Comparing weight loss clinic insurance quotes online |
| Tivly | $36 | $432 | Comparing weight loss clinic insurance quotes online |
| Thimble | $39 | $468 | On-demand insurance coverage for weight loss clinics |
| Hiscox | $41 | $492 | Customized policies for weight loss clinics |
Get all the best quotes from leading providers in a click of a button!
Ensuring adequate insurance coverage for your weight loss clinic is crucial. With many insurance providers available, selecting the most suitable for your business can take time and effort. Here are some of the companies you might want to work with. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance.
Significant industry experience in the insurance industry
Fastest general liability insurance for weight loss clinics
Excellent customer service
Provides affordable business insurance policies
Next provides combo discounts of up to 10%
Couldn’t find any.
NEXT provides various insurance coverage for businesses, including weight loss clinics. Their coverage options include general liability, professional liability, commercial auto, business owner’s policy, and other options. The best feature of Next is how they customize their policies so that various industries get appropriate coverage.
Best for: Best overall; Fastest general liability insurance for weight loss clinics
Average cost: $29 per month
Our rating: 10/10
User-friendly digital platform for easy insurance management
Wide range of coverage options tailored to weight loss clinics
Quick and hassle-free application process
Dedicated customer support for assistance throughout the insurance journey
Customer service can be slow to respond to inquiries
CoverWallet offers various insurance options for small businesses, including weight loss clinics. Their coverage options include general liability, professional liability, commercial auto, business owner’s policy, and other options. They have a user-friendly online platform that allows for quick and easy quotes and policy management.
Best for: Comparing weight loss clinic insurance quotes online
Average cost: $32 per month
Our rating: 10/10
Above-average customer satisfaction ratings for auto insurance
Strong financial rating and history of quality insurance coverage
Offers tailored insurance solutions for businesses
The Hartford does not offer a separate deductible specifically for wind-damage losses
Obtaining life insurance through your employer is the sole option for accessing this coverage type
The Hartford is a highly regarded insurance provider with a solid reputation in the industry. They offer comprehensive insurance packages specifically designed for weight loss clinics. Their business owner's policies include essential coverages such as general liability and commercial property insurance, ensuring comprehensive protection for weight loss clinics. Hartford also offers specialized coverage options tailored to weight loss clinics' unique needs and risks, providing them with the necessary protection and peace of mind.
Best for: Tailored insurance solutions for weight loss clinics
Average cost: $35 per month
Our rating: 9/10
Innovative and technology-driven insurance solutions.
Flexible policies that can be tailored to the specific needs of weight loss clinics.
Simplified application and policy management through their digital platform.
Limited coverage options compared to other insurance companies
Tivly is a notable insurance company specializing in insurance coverage for weight loss clinics. With a focus on this specific industry, Tivly offers tailored insurance policies that address the unique risks and liabilities faced by weight loss clinics.
Their coverage options provide comprehensive protection for these clinics, ensuring they have the necessary coverage to safeguard their operations. Tivly understands the specific needs of weight loss clinics and aims to provide them with the right insurance solutions to mitigate potential risks. Call now to compare quotes over the phone.
Best for: Comparing weight loss clinic insurance quotes online
Average cost: $36 per month
Our rating: 9/10
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.
On-demand coverage available by the hour, day, or month
You can’t reach customer service by calling
Thimble is a unique insurance company that offers on-demand insurance coverage, including weight loss clinics. Their coverage options include general liability, professional liability, and other options, with policies that can be purchased by the hour, day, or month.
Best for: On-demand insurance coverage for weight loss clinics
Average cost: $39 per month
Our rating: 9/10
Offers customized policies based on the specific needs of small businesses, including weight loss clinics
Offers flexible payment options to help small businesses manage their cash flow
Worldwide coverage
14-day money-back guarantee
Limited coverage options in some states
Hiscox is a global insurance company tailored to meet each clinic's unique needs. The company caters to various industries, including healthcare and wellness, making it a good choice for weight loss clinic insurance.
Best for: Customized policies for weight loss clinics
Average cost: $41 per month
Our rating: 9/10
1 / 5
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
1 / 5
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
1 / 5
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.
5 / 5
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
5 / 5
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!
Not all those who wander are lost.
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