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Gym Insurance
Compare Cheap Gym Insurance Quotes
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Compare Gym Insurance Quotes from top UK’s leading insurers including;
Why Compare Cheap Gym Insurance With SimplyQuote
Heavy equipment, sweaty patrons and frequent accidents – being in the sports and leisure industry is no easy task. To add to your problems, you have to get commercial insurance coverage.
Don’t worry though – it is doable with the 100% free online comparison tool from SimplyQuote.
Our system is specifically designed to source trusted insurers, bespoke policies and competitive rates. You’ll never again have to waste your time juggling multiple tabs on your computer to find insurance.
The comparison tool is completely free, so find the gym insurance policy you’ve been looking for today!
What Do You Need To Get A Quote?
Please provide the following details so we can give you an extensive list of suitable gym insurance quotes:
- Personal details – name, surname, contact info
- Business details – company registration details, VAT info, business address
- Employee details – how many staff work at your gym?
- Customer details – how many clients frequent your gym?
- Policy details – what cover/optional extras are you interested in?
- Insurance details – claims history
Why Do You Need Gym Insurance?
Regardless of your business type, getting insurance is always a good idea and often a legal requirement.
In the case of gym owners, the chances of receiving a lawsuit are significantly higher than in other types of businesses, particularly if it comes from a person who ended up having to visit the doctor’s surgery due to an accident at the gym. Comprehensive gym insurance can help you deal with lawsuits and unforeseen circumstances, should they arise.
Gym owners also tend to forget that the risk of injury is not the only thing they need protection against. Workplace injuries, theft, natural disasters, negligence and cyber attacks are all possible scenarios that could lead to substantial financial losses.
For example, a faulty water connection could cause flooding and damage expensive gym equipment. Without an insurance policy, you’ll be forced to handle the repair bills on your own, which hinders any plans you had to grow your business. In some cases, emergency expenses can wipe out your business altogether.
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What Does Gym Insurance Cover?
Gym insurance covers a wide range of damages and liabilities.
Employers liability cover
Employers’ liability insurance is a legal requirement in the UK if you employ staff at your place of work. If an employee is injured or falls ill on the job, the employer’s liability can cover the cost of damages (e.g. medical costs) and legal expenses.
Gym liability insurance
Also called public liability insurance – your business is protected from legal claims made by clients, contractors and members of the general public who have been injured or have had their property damaged while using your facilities.
This is useful for covering incidents that take place on your premises.
Property insurance
Also known as buildings insurance or property damage cover, this covers the cost of repairing your gym’s building in the event of storm damage, fire, vandalism, burglary and theft.
Insurers can be very specific in terms of the types of events that they cover, so you always need to make sure that you ask for the full details of your policy to see if an insurer covers hail, for example. The SimplyQuote team always has what it takes to find you the right cover.
Equipment cover
If a gym has a lot of high-end machines then equipment cover is an absolute necessity since replacing or repairing equipment that has been stolen or damaged is very expensive. With comprehensive equipment insurance, you are more likely to have well-maintained and functional equipment – just what gymgoers expect.
Note: Also called contents cover or contents insurance.
Business interruption cover
There will be periods when your business may not be able to operate, be it for a short or prolonged period. Unexpected events, such as floods, fires, or storm damage can be covered should they occur.
This type of cover ensures your business can return to its previous financial state.
Commercial legal cover
This pays compensation and legal costs to third-party persons or staff when they claim against your gym.
What’s not covered?
- Normal wear and tear on the property due to poor upkeep
- Normal wear and tear on equipment from day-to-day use
- Damages caused by negligence
- Malicious/intentional damage to the property or equipment
- Under-aged persons using the gym facilities – generally under 16 years old
What Add-Ons Are Available For Gym Insurance?
It might be worth investing in additional cover if you want to ensure that your gym operation runs smoothly.
Cyber insurance
Cyber attacks on businesses are becoming more common. Cybercriminals typically target larger-scale businesses, but this can happen to anyone, so if you can, find a policy that can give you truly comprehensive cover.
Personal trainers’ insurance
Offers protection for fitness instructors (say during fitness classes or one-on-one consultations) against any damages, injury, loss or liability claims.
Legal expense cover
Offers financial support when legal disputes are brought against your gym, covering legal/court fees and lawyer consultations. This can also be used if/when you take someone to court.
Specialised equipment cover
Health clubs with high-end specialised equipment can opt for this add-on; covering repair or replacement costs if damaged or broken.
Stock insurance
If your health club sells products, such as protein powder and supplements, sports clothing or equipment – you can have them covered under a stock insurance policy.
Personal accident cover
This add-on provides an extra layer of insurance for people you have already covered, such as yourself or staff members. It pays out if someone is injured on- or off-site.
Office equipment
Add extra cover for office equipment like printers, laptops and phones.
Money cover
If you deal with cash takings at your fitness facility, you’ll want money cover insurance. However, this policy usually has a maximum limit.
How Much Does Gym Insurance Cost?
- Small family-run gyms (with no sauna/pool) can expect to pay around £300 per year.
- A medium fitness business (with Turkish baths and saunas) will pay about £506 per year.
What impacts insurance prices?
- Location – where are your gym premises situated? Is it in a high-crime zone or an area prone to floods?
- Size – bigger fitness clubs tend to have higher insurance premiums.
- Nature of your gym – a “high-risk profile” fitness club (i.e. CrossFit centres, swimming pools, saunas, etc.) is riskier to insure, leading to higher premiums.
- Gym equipment – fitness businesses with high-end equipment are more expensive to insure.
- Employees – the more staff you have, the higher the risk and the higher the price tag.
- Clients – busier gyms and health clubs generally pay more for their insurance.
- Claims history – more claims on your policy lead to higher premiums.
How Can You Get Cheaper Insurance Rates?
Here are a few ways to reduce your gym business insurance premiums:
- Regularly service gym equipment and machinery to prevent injuries or malfunctions.
- Reduce risks as much as possible by using “wet floor” or “out of order” signs.
- Keep up to date with property maintenance including handrails, pool pumps and sauna filters.
- Opt for annual payments, not monthly instalments to eliminate interest fees.
- Secure your property during closing times such as CCTV cameras and alarm systems.
- Provide additional training for staff members to access and manage risks.
- Keep claims to a minimum and start building up your no-claims bonus.
- Only choose the policy you need to avoid unnecessary expenses.
How To Compare Gym Insurance Quotes With SimplyQuote?
Comparing gym insurance cover is quick and stress-free with SimplyQuote:
- Fill in the short form with details about your fitness business.
- Choose policy add-ons and additional add-ons you want to include.
- Quickly compare quotes to suit your budget and insurance needs.
- Save money by finding the best deal today.
Frequently Asked Questions
Gym insurance is a form of commercial insurance. All types of businesses operate with a degree of risk and if something goes wrong, having commercial insurance can make the situation much easier to navigate.
Gyms, in particular, are risky environments where accidents can happen in an instant and chances are that the gym itself might not be at fault. A good gym insurance policy covers hefty expenses in the event of unexpected mishaps.
Gyms are indoor places with various equipment and machines for physical workouts.
Fitness centres generally specialise in certain sporting or fitness disciplines but still provide a variety of workouts. They are also typically larger than your average gym. Both recreational and professional athletes work out at a fitness centre.
A health club is similar to a fitness centre but focuses more on whole-body wellness than just physical fitness. Nowadays, many high-end gyms can be classified as health clubs due to the amenities they offer. Health clubs tend to have swimming pools, steam rooms, and designated spaces for sports.
From a legal standpoint, a gym and a health or fitness club may be seen as the same thing.
Package policies are insurance policies that include more than one type of insurance cover. One of the most common types of package policies combines property coverage with liability coverage.
Package policies tend to be popular because of their cost-effectiveness, as one insurer can cover several lines of business. Be aware that some package policies may not necessarily cover all the areas your business may need cover for though. So, it’s always important that you confirm the extent of cover with a prospective insurer beforehand.