The purpose of insurance is to protect you from unforeseen or large risks. Paying a small price per month/year could save you thousands of dollars down the line. This is why it is so important for personal trainers and fitness professionals. With physical activity and exercise, there are many potential situations in which the fitness professional could be liable. This is why personal trainer insurance is so vital to protecting your assets.
Do You Need Insurance?
While it is not required for personal trainers to have insurance, it is strongly recommended. Not having insurance puts you and your business at risk for a substantial loss. Even if you work at a gym, having your own liability insurance is crucial to protecting your assets.
Below you will find the different types of insurance that will protect you and your fitness business. Insurance can be inexpensive and will ensure that you are not at risk for a substantial loss. Additionally, personal training clients’ can file claims a week, a month, or even a year after an incident occurs, so you should secure insurance as soon as possible.
Types Of Personal Trainer Insurance
General Liability Insurance
General Liability Insurance provides coverage for your personal training business against claims of bodily injury, damage to property, personal injury, and associated medical costs. Below you will find some examples on how general liability insurance will help you protect your personal training business:
- Bodily Injury: A personal training client trips over some weights on the ground and blames the personal trainer. General liability insurance protects you against third-party claims for bodily injury. Also, it may limit the extent for which you are liable, up to your policy’s limits and related medical costs.
- Property Damage: You are putting away weights after a workout with a client and it accidentally drops on your client’s gym bag. Furthermore, it contained your client’s tablet and is now heavily damaged. A general liability policy will cover this and ensure that your clients’ tablet is replaced or restored.
Commercial Property Insurance
Commercial property insurance will protect your fitness business’s physical assets. Additionally, it protects your business from fire, explosions, burst pipes, storms, theft, and vandalism. These types of events are inevitable and can happen with seemingly no notice, so it’s important to have coverage. Also, it will save you a lot of money, as gym equipment can become very costly to replace.
It is highly recommended for fitness professionals, who own and manage their own studios, to have commercial property insurance. Replacing physical assets such as machines and weights can become very costly.
Professional Liability Insurance
Professional liability insurance, often called errors & omission insurance, protects your business from claims directly affected by your personal training.
- Claims of Negligence: A fitness instructor tells a new personal training client to perform an exercise that involves heavier weight than what they are used to. Following this, the client feels extreme pain in their chest and takes a trip to the hospital. The client files a claim stating that the personal trainer is what caused this hospital trip. Having professional liability insurance will protect you in instances like this.
- Loss of Personal Information: A client’s files, which contain very sensitive personal information, is misplaced and cannot be found. In this instance, a client may file a lawsuit. Professional liability insurance will cover you in instances like this.
Personal Trainer Insurance Providers
There are a handful of companies that offer personal trainer insurance. Each has different price points and offers fitness professionals with a wide range of coverage. For this reason, it can be difficult to find the right insurance company to fit your needs.
NASM (National Academy Of Sports Medicine)
NASM is one of the biggest names in the personal training industry. They offer a wide range of services, personal trainer insurance being one of them. They partner with Next-Insurance and offer you comprehensive insurance that starts as low as $11 dollars a month. Whether you are certified through NASM or not, their insurance should be highly considered.
ACE (American Council On Exercise)
ACE is a staple in the personal training industry. Not only are they a leader in supplying personal trainer certifications, but they also offer comprehensive personal trainer insurance. Additionally, their insurance is solely provided by them and covers everything your business needs. ACE’s plans start as low as $172 dollars annually.
Hiscox Personal Trainer Insurance
Hiscox personal trainer insurance is one of the leaders in the personal training insurance industry. They have some of the highest reviews out of every insurance company on the market. This is because they offer fitness professionals with excellent customer service and an easy process to procure insurance. You can secure insurance from Hiscox for as low as $22.50 per month.
Insurance Canopy may not be the most well-known insurance provider, but they offer excellent coverage for personal trainers. They are partnered with NPTI (National Personal Training Institute), a very accredited program to secure a personal trainer certification. Insurance Canopy offers insurance for personal trainers for as little as $129 a year.
Nationwide is most well known for their insurance, but not for their personal trainer insurance. However, they offer some of the best and affordable options on the market. They also offer packages, so you can bundle multiple types of insurance together and save even more. When thinking about personal trainer insurance, Nationwide should be at the top of your list.
Choosing The Right Personal Trainer Insurance
Choosing the right insurance for your personal training business can be a difficult decision. However, consider what you want to protect and what your budget is. Cheaper options will offer less protection. But, some protection is better than no protection.
Though it may not be the law to have insurance for personal training, it should be. It is vital to protecting your business and assets from substantial loss. Additionally, it can bring you peace of mind as you never know what client or circumstance is going to happen.
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