Gym Insurance

Like all businesses, running a gym comes with certain risks. In particular, the threat of injury to customers in a gym is higher than with most other public spaces. Some of those risks can be dealt with, but no matter how good you are at what you do and how careful you are, the unexpected can still happen and that can result in your business incurring financial losses.

Whether you have a traditional gym, a boutique fitness studio, or a state-of-the-art exercise complex, gym insurance protects your business when these unfortunate situations arise. What’s more, if you offer additional services such as metabolic fitness, yoga and HIIT, you may not get the specific protection you need with a generic insurance policy. This underlines just why getting a bespoke policy with us is so useful.

What does our gym insurance cover?

Our gym insurance covers owners for a range of risks and liabilities, including everything from injuries to customers and employee disputes, to theft, fire, vandalism, or natural disasters that damage the gym and/or its equipment.

• Public liability insurance
• Products liability insurance
• Treatment risk insurance
• Financial loss cover

Gym insurance is typically bought as a package featuring a number of different insurance covers. At Salon Gold, our comprehensive packages help to protect your gym business, regardless of the situation. As standard, we offer public liability, product liability, treatment risk and financial loss cover, all of which are crucial covers for those in the fitness industry.

Public liability insurance is the foundation of any insurance policy, and safeguards you should your work activities cause injury or property damage to a third party. As you’ll be in contact with your customers at almost all times in your gym, public liability cover is an essential cover.

Meanwhile, product liability insurance protects you if a product you make or supply causes personal injury to a client, whereas financial loss safeguards you if a mistake causes a client to incur a financial loss. We can also include optional covers in your policy for added extra protection, such as legal expenses, personal accident and contents cover for your gym equipment.

Here at Fitness Gold, all of our packages are bespoke, allowing our clients to get on with their jobs without worrying one mistake will be terminal for their business.

Arguably the biggest reason gym owners need insurance is to protect themselves from liability claims. If a gym member or visitor sustains an injury on the premises and believes it resulted from negligence or unsafe conditions, they may file a compensation claim against the gym owner. Gym insurance helps cover the legal fees and potential compensation costs associated with such claims, protecting the owner’s assets and business operations.

Furthermore, insurance for gyms can safeguard owners from damage to the premise’s property or equipment. This ensures that they can recover quickly and continue serving their members without bearing the full financial burden of rebuilding or replacing essential assets.