With changes in the business climate happening all the time, it is always a good idea to review your Box’s insurance. Are you offering new classes or are you hosting any new special events? It is important to also review your insurance coverage to make sure you are covered for any new programs, services or products. Always reach out and ask your agent if you are covered when you change your offerings or if you host any special events on site at your Box or off site in a public space.
It is also critical to make sure you have all of the coverage you need. For instance, in the current legal environment, all health club and gym owners and fitness professionals need to pull out their insurance policy and make sure that they have coverage for sexual abuse and molestation.
Sexual abuse and molestation coverage protects you, your Box and your trainers from claims of sexual abuse by clients, members or guests. This coverage should be included in the general liability insurance policy for a facility or the professional liability for an individual professional. If you are not sure, ask your insurance agent immediately. Most carriers require background checks be performed on all staff to qualify for the coverage on a health club or gym policy, but the background checks are now easy and affordable. They are a best practice for protecting your clients, as well as your business.
Another example of coverage that is critical is professional liability that includes nutritional counseling. A lot of general liability insurance policies for health clubs and gyms, as well as, fitness professionals actually exclude nutritional counseling. Almost all fitness professionals work with their clients providing some level of nutritional counseling to help them achieve their fitness goals. Additionally, any fitness business recommending nutritional products as part of their nutritional counseling program should make sure their general liability policy includes product liability that does not exclude supplements. Check your policy and follow up with your agent if you have any questions.
Other coverage that is becoming even more important to fitness facilities and fitness professionals is cyber liability. Almost all fitness businesses promote their business via social media and a website. Make sure you are covered for the use of electronic media under personal and advertising injury on your general liability.
Cyber liability coverage is also crucial for protecting your business from unauthorized access to the personal information you collect. Ask your insurance agent what cyber liability protection is available to protect your business in 2018.
Making 2018 a success for your Box means making sure your business is properly protected with insurance. Ask questions and be proactive about keeping up with any changes every year.
By Jennifer Urmston Lowe, the national account manager for Sports & Fitness Insurance Corporation (SFIC). She has served the fitness industry as a licensed insurance professional, dedicated to helping fitness businesses and professionals for over 20 years. Jennifer is a founding member of the Advisory Board of the Association of Fitness Studios.
Prior to joining SFIC, Jennifer was the General Manager of two personal training fitness centers and three corporate wellness centers in the Charlotte, NC market. She became certified as a personal trainer in 1995 and has conducted thousands of training sessions and managed a staff of personal trainers.