The fitness business is prone to many industry-specific risks. For instance, in 2019 alone, 468,315 people ended up in the emergency department due to injuries relating to exercise and exercise equipment, according to the National Safety Council( NSC). However, third-party injuries are not the only possible source of liabilities in the fitness industry. For instance, if you provide one-on-one fitness services, someone could sue you for sexual misconduct. To protect yourself and your business, you should carry the right insurance coverage. Read below for more information on this topic.
If you run fitness centers and gyms, dance studios and dance schools, tennis centers, racquet clubs, yoga studios, pilates studios, fitness management firms, martial art studios, 24-hour clubs, sports and recreational facilities, or if you offer personal or group fitness training you need gym insurance to protect your business against possible liabilities. Insurance for gyms in Ventura, CA generally offers the following types of coverages:
If part of your fitness business is selling products like workout clothes, supplements, or fitness equipment, you may be sued if your goods cause harm to consumers. Product liability protects you against the liabilities relating to your products. Your general liability policy may provide adequate coverage to your retail operations, but if selling goods is central to your business, you should consider getting a separate product liability policy.
Event insurance coverage can be a rider attached to your existing policy or it can be a separate policy. It protects your business when you host a big event that draws more people into your establishment and thus increases your risks. For instance, if you host a weight lifting competition you’ll likely have more people in your establishment than you would under normal circumstances, and some of them may be injured as they compete in your event. Event insurance protects you against liabilities relating to those injuries.
If you're looking for affordable gym insurance in Ventura, CA that's customized for your fitness facility, contact our experts at John E. Peakes Insurance. Our team will help you get a gym insurance policy that aligns with the size of your facility, your revenue, and the services you offer.