Insurance for Gyms
Gyms, fitness centres or health clubs provide facilities for meetings, offices for counselling and consulting, weigh-in rooms, and exercise areas. Fitness clubs are popular destinations for those looking to live an active and healthy lifestyle. The owners and operators of these facilities are passionate about helping their members better their health. However, to best serve their members, owners of fitness clubs need to address the unique risks associated with their business.
At Business Insurance Service, we understand not just the insurance industry, but the commercial sector too. Our brokers have years of experience and expertise in finding companies from across all disciplines the right kind of commercial insurance for businesses, giving both sole traders, SMEs, and large corporations the protection they need.
What Insurance does a Gym need?
Other covers to consider could be Buildings, Business Interruption with Increased Expenditure, Computers, Employment Practices Liability, Environmental Impairment Liability, Excess of Loss/Difference in Cover Liability, Commercial Vehicle or Motor Fleet.
Property exposures come from a variety of sources. If there are gymnasiums or basketball courts, there may be flammable liquid storage, and fumes may be produced during the application. If there is a pool, there will be chemicals stored which must be handled in a safe manner. If cooking and food preparation takes place on premises, fire potential may be high. Therefore, the controls and safety equipment in place require regular consideration. The age, condition, and backup systems of coolers and freezers are also important concerns. All exercise machines must be checked for wear and tear and maintained to prevent fires.
Crime exposure is from Employee Dishonesty and Money and Securities. Billing, ordering and disbursements should be considered separate duties and should be handled by different individuals. Audits should take place on a regular basis. Money should be kept at a central location with regular deposits to prevent a build-up of cash.
Premises liability is always a concern in an operation where the public comes to the premises. In the case of fitness and health centres, the exercise areas and equipment compound the exposure, as do any swimming, spa pool, sauna, or tanning exposures. Any of these services increase the premises liability exposures significantly. There must be notices posted explaining the health hazards associated with any activity. Lifeguards must be available in the swimming areas. Any exercise advice provided or programme developed must be maintained in the client’s files. Locker areas must be carefully monitored for slip and fall hazards and flooring should have a non-skid surface. Exits must be clearly marked and lit in case of power outage.
Car parks and pavements need to be in good repair with snow and ice removed, and be generally level and free of exposure to slip and falls. Security of visitors in parking areas is rapidly becoming the responsibility of the owner or operator of the premises. Is the exterior lighting adequate? What other security measures are in place?
Products exposure may exist if food is prepared or sold. Sanitation becomes an issue of high importance. If the fitness centre provides any products under its own name, review the Manufacturing narrative for that product. Does the fitness centre alter or modify the equipment in any way? Is the equipment maintained as required by the manufacturer of the machine? Is any equipment directly imported?
Commercial Vehicle / Motor Fleet
Motor liability depends on the radius of operation. Age, training, experience, and drivers’ records, as well as the age, condition, and maintenance of the vehicles, are all important items to consider.
Employers’ Liability depends upon the services offered. The more services offered, the more extensive the exposure. Are there teams and coaches associated with the services? Are there personal fitness experts who spot and assist clients through the exercises? If so, back strain and other injuries could occur. Proper catching and lifting techniques must be in place.
What other risks does a Gym face?
Other exposures Other exposures are from any items that must accompany a team taking part in competition or that are taken off the premises to demonstrate or promote the operation. A portable equipment cover will be necessary. Book Debts, Computers and Deeds and Documents are very important, especially with a club or not for profit where lists of individuals are important to maintain for cash flow and continuance of operations.
Common Exposures for Gyms & Fitness Clubs
This document provides a summary of common exposures and potential areas that require insurance cover for fitness clubs.
While the proper risk management practices can reduce certain exposures, no system is 100 per cent effective in ensuring an incident-free workplace. As a result, it’s all the more crucial to work with a qualified insurance broker to not only assess your exposures, but secure the appropriate cover as well. To learn more, contact Business Insurance Service today.
How can Business Insurance Service help Gyms?
We’re members of the British Insurance Brokers Association (BIBA) and work with some of the largest and best-known insurance providers in the UK, including Lloyds of London for larger, more complex and high-risk customers. We’re fully regulated and committed to delivering a premium quality, trustworthy and reliable service to all our customers, regardless of size.
As preferred brokers working with some of the largest insurance providers in the UK, we have immediate access to a huge range of policies for businesses, tradespeople and construction companies. We provide our customers with a bespoke or package service, creating insurance portfolios that are specifically tailored to your individual needs, and your budget.