What is Gym Insurance?

Running a fitness center requires a substantial investment, and the resources that are poured into this type of business should be protected when they can be. Gym insurance helps fitness centers in Massachusetts shield themselves from a range of risks they’re exposed to.

Gym insurance policies are commercial policies that have been designed to meet the needs of fitness centers and similar businesses. Because these businesses are typically exposed to multiple risks, gym policies normally come with several coverages which get packaged together.

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What Massachusetts Businesses is Fitness Club Insurance Right For?

Fitness club insurance may be appropriate for a wide variety of fitness-oriented businesses where members work out or participate in classes. For example, fitness centers, health clubs, sports complexes and gyms may all find that this insurance is the best option for their situation. 

Any business that’s unsure whether a fitness club policy or other type of policy makes more sense for them can talk with an insurance agent who specializes in this insurance. An agent who’s familiar with these policies will have the expertise needed to make an informed recommendation after they review a business’ activities and risk exposure.

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What Protections Are Available Through Fitness Club Insurance Policies?

Many of the coverages included in fitness club insurance policies can be segregated into property-related and liability-related protections. Property protections normally cover physical property that a business owns or uses, while liability protections tend to cover incidents where a business could be found responsible for someone else’s injury or loss.

Some of the property coverages that a policy might make available include:

  • Building Coverage, which may cover an owned building and other facilities
  • Contents Coverage, which may cover equipment and supplies kept on site
  • Equipment Breakdown Coverage, which may cover essential equipment that malfunctions

Some of the liability coverages that a policy might offer are:

  • General Liability Coverage, which may cover common accidents that occur on owned property
  • Professional Liability Coverage, which may cover errors that employed trainers and instructors make
  • Product Liability Coverage, which may cover harm and damage that’s caused by sold products
  • Spectator Liability Coverage, which may cover injuries that bystanders and spectators sustain
  • Participant Liability Coverage, which may cover injuries that members sustain while participating in activities
  • Supplemental Liability Coverage, which may extend liability protection to other risks
  • Umbrella Liability Coverage, which may offer secondary liability protection for expensive lawsuits

Other coverages that a fitness center might want to consider include cyber liability coverage, business income coverage and many more. An agent can help sort through all of the available options.

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Should Fitness Clubs Have Workers Compensation?

Most businesses in Massachusetts that have paid employees are required by state law to carry workers compensation for their employees. This is a common coverage that generally protects against workplace illnesses and injuries, which many fitness club employees certainly are at risk of. Thus, most fitness centers not only should have workers compensation for their own protection but are often legally required to carry the protection.

Whether workers compensation is included in a fitness club policy depends on the policy, though. Sometimes the coverage is obtained through a fitness club policy, but other times the coverage is purchased separately by itself.

Are High-Risk and Contact Sports Covered by Fitness Club Policies?

Coverage for high-risk and contact sports varies among fitness club policies. Places that offer these activities to their members should work closely with a knowledgeable agent to find a policy that provides all of the protections they need. 

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How Can Fitness Centers in Massachusetts Get Gym Insurance?

For help insuring a fitness center or similar business, contact the insurance agents of Haberman Insurance Group. Our team of independent agents can show you gym insurance policy options from multiple companies in Massachusetts, and they have the expertise necessary to help you select the best available one.

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