A personal trainer is a professional that provides guidance and advice to individuals to help them achieve their fitness goals. Fitness trainers are professionals who do everything possible to keep their clients healthy and fit. They train and instruct clients to ensure that they remain in good shape. However, there is a risk that clients may injure themselves. This can lead to claims against a personal trainer. That’s why personal trainer insurance is very important.
This insurance is a collection of commercial policies that protect personal trainers and their assets. Commercial general liability can be a part of personal trainer’s policy. This covers property damage, third-party bodily injury, and reputation harm. But, a personal trainer might need different insurance types.
How It Works
Insurance for personal trainers comprises of different plans meant to protect the training businesses of these professionals. The primary insurance policy for these professionals is general liability insurance. This covers all costs of third-party claims regarding bodily injury, reputation harm, and property damage. These are the commonest claims faced by personal trainers.
But, a personal trainer might require additional policies depending on how they operate. For instance, if a personal trainer has fitness equipment or studios, they may require commercial property insurance. The insurance provider can bundle this with general liability to provide a business owner’s policy. Such a package is more cost-effective because it offers broader coverage.
Types of Insurance for Personal Trainers
Personal training is a business that requires different types of insurance policies. However, personal trainer liability is the most crucial coverage. A liability policy covers the interactions of a business owner with third parties and clients. As such, this implies that a personal trainer should get professional and general liability insurance. Here are the major types of insurance policies for personal trainers.
Professional Liability Insurance
Professional liability covers property damage or bodily injury arising from the operations of a trainer. For instance, a personal trainer can be sued by a client alleging that they did not provide proper instruction for performing a specific exercise leading to a strained back. This may require the client to undergo surgery because of the bad personal trainer’s services. Professional liability insurance would cover such a claim.
General Liability Insurance
General liability insurance provides coverage for unforeseen job site accidents. For instance, a client can trip over the weight they try to lift and break their leg. This insurance policy covers claims arising from such accidents. Every trainer should have this insurance policy whether they are gym owners or independent trainers. That’s because third-party claims are the greatest risk faced by most trainers with small businesses.
Commercial Property Insurance
Commercial property policies cover damage to the physical assets of a business. These include a business-owned studio or gym, as well as, furniture, equipment, and fixtures in it. These items can be destroyed when holding a covered event. When this happens, the insurance provider pays for their replacement or repair up to the amount insured minus deductible. Commercial property insurance covers events like theft, fire, hail, windstorm, and vandalism.
Additional Insurance Policies
Personal trainers should get additional insurance policies as their businesses grow. This is particularly important if a trainer starts selling products to boost revenue or add new employees.
Some of the additional insurance policies that a personal trainer should get includes:
- Workers’ compensation insurance
- Liability insurance for sexual misconduct
- Commercial auto insurance
- Product liability insurance
Every personal trainer should consider getting a business owner’s policy that combines commercial property and general liability in an affordable and convenient bundle. When a personal trainer rents a space, they can get policies that cover business property.
The Cost of Personal Trainer Insurance
The amount a personal trainer pays for their insurance depends on the coverage they need and the policies they choose. For instance, if you need a general liability policy only, you can pay between $150 and $500 per year. If you need additional liability insurance, you will pay an additional fee ranging from $150 to $500 annually. The cost can be higher than this depending on the additional coverage included.
Apart from coverage amounts and your chosen policies, an insurer may consider other facts about your training business to determine the premiums you will pay. These may include your claims history, business location, and income.
The Bottom Line
Personal trainer insurance is also referred to as personal trainer liability insurance. That’s because professional liability and general liability are the most crucial policies for personal trainers. Nevertheless, a personal trainer who trains outside a gym or rents some space should get additional coverage. Nevertheless, this insurance shows professionalism while earning the trust of clients.