April 19th, 2017
Loving the feel of a good burn and having sweat drip from your brow, you have made it your mission to get your clients as excited about health and wellness as you are.
As a fitness instructor, you work with groups of people ranging in fitness and motivation levels. Some people sign on for your classes in the hopes of losing weight. Others join your group because they’re interested in learning a new hobby. Still, more people sign-up because they want to practice living a healthier lifestyle.
You want to help your clients on their journey, but to perform your job well, you too need support. There’s always a chance that a client will strain themselves to injury during a circuit exercise. In some instances, the client will blame you for their hurt shoulder or bruised heel. When this happens, your business insurance for fitness instructors package will cover the costs of your client’s medical and physical therapy fees, but that’s not all.
Here are three reasons why you need to get business insurance for fitness instructors.
Your rented studio space does not cover client injury. More likely than not, you hold your fitness classes in a rented studio space. The landlord of the building will have insurance, but their insurance only covers the structure of the building. Any harm that comes to your clients is your responsibility. If a client trips over their yoga mat, falls off of a stationary bike or hits their head on a pull up bar, you are responsible for their resulting injury.
General liability insurance covers your clients’ medical needs should they fall and injure themselves while in your care. The same applies if a pose or circuit you had them perform results in their injury.
Your studio was broken into and exercise equipment stolen. According to Fundera Ledger, the cost of opening a fitness studio can cost between tens of thousands to hundreds of thousands of dollars. This discrepancy in cost is due to the size of the studio space you’re renting and the cost of the studio equipment. A spin bike can cost hundreds to thousands of dollars. Imagine having 15 spin bikes in your studio, a multitude of weights, BODYPUMP bars and other class equipment. Now imagine that someone broke into your studio and made off with an assortment of these items. That’ll cost you thousands of dollars in replacements.
Here’s where small business insurance comes in again: SMB insurance will cover the costs of replacing what was stolen and will reimburse your business if the loss of the equipment negatively affected business operations.
Another fitness instructor was hurt on the job. If you employ other fitness instructors in your studio, you’ll need workers’ compensation to cover them should they get hurt performing an exercise for their clients to follow. Legal Match reports that there are ten thousand people every day treated in emergency rooms for injuries resulting from sports and exercise. Even the healthiest and most athletic of your staff can get hurt. Workers’ compensation will cover their medical needs and reimburse them for lost income and you for lost business.
You never know what can happen on the mat. Take care of your clients and yourself with a fitness instructor’s business insurance package when you compare policies with CoverHound.