Gym Insurance by Prosura
Running a gym with expensive equipment to maintain and advising members on their work outs can be rewarding – but a lot of hard WORK. With staff rotas to manage, membership onboarding, payment processing and suppliers to deal with you have a lot on your plate and work long hours.
The last thing you want to be worrying about is insurance. That’s where Prosura come in. With friction free access to gym insurance policies from a range of leading UK insurers, coupled with expert broking advice, we’re here to make sure you have one less thing to be worrying about.
What can be included on a gym insurance policy?
There are a range of core covers that are likely to sit at the heart of any gym insurance requirements.
Public Liability Insurance for gyms and fitness clubs. Probably your biggest need is to ensure that, in the event of a claim made by one of your customers that they have been injured or suffered a loss on your premises, your costs are covered. It could be someone slipping over at poolside or being scalded in your café – a claim, whether valid or not can be costly and a stress to manage. PL insurance is designed to support you in just such circumstances.
Employers Liability Insurance. This is required by law in the UK if you have anyone working for you. They may be contractors working as personal trainers, your maintenance team, and receptionists. EL works in a similar way to Public Liability but protects you where a claim is made by your own team.
Buildings and insurance for gyms. You biggest expense is likely to be the building you operate from. A fire or flood requiring repair can be extremely costly, and it makes sense to protect the premises, as well as contents including employees’ personal effects.
Gym equipment insurance. Professional gym equipment from rowing machines to weights are expensive to buy and must be maintained properly. You may have particular specialist equipment which is a USP to the business. You should consider the costs of repair or replacement to equipment. We can help you to buy appropriate levels of gym equipment insurance.
Professional Indemnity Insurance for gym owners. It’s likely that you have a team of fitness experts and personal trainers advising your clients on how best to achieve their fitness goals. But if their advice is deemed to be incorrect you could face a professional indemnity claim. PI insurance protects you from legal defense costs as well as any payout that results from the claim.
What else do you need to think about when buying gym insurance?
If your premises were damaged as a result of a fire or flood, for example, it’s not just the cost or repairs and replacements to the building and contents that you need to worry about. It’s likely that you will have to close for a period of time meaning your income is stopped – while fixed overheads like wages, rent / mortgage, not to mention energy bills will still need to be met. Further it could be that some members go elsewhere and don’t return. Business Interruption cover can protect you from costs in just such a situation.
Why Choose Prosura to find me the right gym insurance policy?
We’re here to let you get on with running your business by providing friction free access to expert advice and high-quality insurers. We’re on hand with professional advice as your business evolves and expands.
We also give all our gym Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.
For your gym insurance cover requirements, contact the specialist brokers at Prosura today.
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