Gym Insurance in Massachusetts
What is gym insurance?
Operating fitness centers and gyms requires significant investments, and it’s essential to safeguard these investments when possible. Purchasing gym insurance is one important way that Massachusetts fitness centers can shield themselves from a range of risks.
Gym insurance is specialized commercial insurance tailored for gyms, fitness centers, and similar businesses. Policies usually combine multiple coverages together, to protect against diverse risks.
Which businesses in Massachusetts should consider getting fitness club insurance?
Most gyms and fitness centers in Massachusetts should have fitness club insurance. Not insuring could have devastating consequences if someone’s injured, someone breaks in, or something else happens.
Some examples of businesses that might need this type of policy include:
- Conventional gyms
- Specialized fitness centers
- Wellness centers
- Exercise facilities
- Health clubs
- Athletic complexes
In specific cases, such as athletic complexes, the choice between fitness club insurance and another policy depends on the business’s unique needs and circumstances. Businesses that are unsure about whether a fitness cub policy is appropriate for them can consult a knowledgeable insurance agent. An agent experienced in this field can help determine what policy type is most suitable for a given business.
What coverages are available through fitness club insurance policies?
Most coverages offered through fitness club policies can be broadly categorized as property or liability coverages. Property coverages typically protect a center’s assets against loss or damage, while liability coverages apply to situations where a center may be held financially liable for an incident.
Some common property coverages available through fitness center policies include:
- Building Coverage: Might protect a primary building and other structures that a club owns.
- Tenants Betterment Coverage: Might protect any build-out improvements that a club makes to its leased space.
- Contents Coverage: Might protect workout equipment, weights, sports gear, towels, lockers and other equipment or supplies that a club has.
- Equipment Breakdown Coverage: Might protect a club’s essential gym equipment against unexpected malfunctions that require immediate repair.
- Business Income Coverage: Might protect against continued loss of revenue that’s caused by a covered disaster.
Some liability coverages that fitness center policies frequently provide are:
- General Liability Coverage: Might protect against basic accidents that happen on a gym’s premises.
- Professional Liability Coverage: Might protect against injury and damage that an employed personal trainer or class instructor causes.
- Product Liability Coverage: Might protect against injury and property damage that a used or sold product causes.
- Participant Liability Coverage: Might protect against injuries that class attendees, members, or players sustain during activities.
- Spectator Liability Coverage: Might protect against injuries that spectators and bystanders sustain.
- Cyber Liability Coverage: Might protect against unintentional data breaches, online attacks and other digital threats that compromise members’ information.
- Umbrella Liability Coverage: Might provide another layer of liability protection against a broad range of risks.
Do fitness club insurance policies cover high-risk sports activities?
Coverage for high-risk sports activities under fitness club policies depends on the specific terms and conditions of a policy. Some policies might offer high-risk sports coverage as an optional feature, while others may not provide this at all.
A gym or athletic complex offering high-risk sports activities should consult with an insurance agent who’s knowledgeable about these policies. A well-informed agent can help gyms and athletic complexes find a policy that covers any high-risk activities they offer.
How can Massachusetts fitness centers get gym insurance?
For assistance with finding gym insurance in Massachusetts, contact the independent insurance agents at Pike Insurance. Our agents will help you identify the necessary coverages and present multiple policies meeting those needs. We’ll help you find the best possible policy regardless of what insurance company is offering it.
