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What Types Of Insurance Would A Health And Fitness Club Need?

Article by Maddie Wilson

A health and fitness club should be properly insured at all times. Club insurance will protect a club should any sort of unfortunate incident occur. Following is a breakdown of some insurance policies that any club should have.

Property Insurance

Property insurance will cover the building itself. Exactly what types of damage are covered depends on the policy. In many cases, coverage for specific natural disasters such as hurricanes, earthquakes and tornadoes would need to be purchased separately. Errors and Omissions Insurance

This type of insurance is extremely important to have at all times. It will protect a club from being sued by a person who gets hurt while working out. Errors and omissions insurance will enable the club to hire a lawyer and pay out a settlement if need be. The insurance policy will cover the club no matter who is at fault for the incident.

Insuring the Gym Equipment

As fitness equipment is quite expensive, it should be properly insured. While it is unlikely that the equipment will be robbed, due to its weight, it can be damaged by a patron who uses it incorrectly. A fitness center should make a detailed list of all the workout machines and take out appropriate club insurance.

Insurance for Fitness Center Employees

Fitness center employees will also need insurance. Taking out employee health insurance is important, as many employees expect this form of insurance coverage. An employer will also need to take out employee compensation insurance. This will cover the medical bills of an employee who is hurt on the job. This coverage is similar to but not the same as employee health insurance. However, both types of coverage can be combined. This will lower the overall cost of the insurance.

Employer?s Liability Insurance

Employer?s liability insurance will protect an employer from lawsuits filed by an employee or prospective employee. Unfortunately, lawsuits are all too common these days. No club owner should feel that he or she is safe from having to face court action. It is not uncommon for disgruntled employees to sue a club for whatever reason. In fact, even a candidate for employment can file a suit if he or she feels that employment was unfairly denied. In any one of these instances, having employer liability insurance can make the difference between settling a lawsuit and having to shut down the health club.

A fitness club should be properly insured at all times. By taking out proper club insurance, a club owner will be at peace knowing that any unfortunate incidents will be covered. A club owner should take the time to find a good insurance agency and take out all appropriate forms of insurance for his or her health and fitness club.

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