Gym Insurance in Vermont

What is Gym Insurance?

The activities that take place at gyms expose these businesses to a wide range of risks, including both property and liability risks. Gym insurance helps protect gyms in Vermont from many of the risks they face.

Gym insurance is a specialized form of commercial insurance that’s specifically intended for gyms and similar businesses. Policies typically contain multiple coverages in order to meet these businesses’ varied risk mitigation needs, and gyms can usually customize the coverages in their individual policy to suit their particular situation.

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What Businesses in Vermont Need Fitness Club Insurance?

Most gyms, fitness clubs, sports complexes and similar businesses in Vermont can benefit from the protections that fitness club insurance provides. Thousands of people are injured during physical activity each day, and liability lawsuits arising from injuries are just one potential risk that these businesses face. Not having coverage can be financially devastating if a business is named in a liability suit or faces another major disaster without any policy in place.

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What Coverages Does Fitness Club Insurance Make Available?

As mentioned, fitness club insurance policies normally make multiple coverages available, and those coverages can include both liability and property protections.

Some of the more commonly chosen liability coverages that gyms get include:

  • General Liability Coverage, which may protect against lawsuits related to common accidents
  • Professional Liability Coverage, which may protect against errors made by trainer employees
  • Product Liability Coverage, which may protect against injuries and damage caused by sold products
  • Spectator Liability Coverage, which may protect against injuries sustained by bystanders
  • Participant Liability Coverage, which may protect against injuries sustained by participants
  • Supplemental Liability Coverage, which may protect against other liability risks
  • Umbrella Liability Coverage, which may protect against especially expensive liability lawsuits

Some of the more commonly chosen property coverages that gyms select are:

  • Building Coverage, which might protect an owned facility and secondary structures
  • Contents Coverage, which might protect equipment and other items kept on company property
  • Equipment Breakdown Coverage, which might protect important equipment if it needs repair

Do Fitness Club Policies Include Workers Compensation Coverage?

Most gyms have paid employees and therefore, need workers compensation coverage. This coverage insures against job-related injuries and illnesses that employees might sustain, and it’s generally required by state law if a business has employees.

Whether workers compensation is purchased through a fitness club policy or as a separate entity, however, depends on the situation and policies available. The coverage may be added to other protections in some situations, while other situations call for getting it via a stand-alone policy that’s separate.

Do Fitness Club Policies Cover High-Risk Sports?

Gyms that offer high-risk sports, such as rock climbing or parkour, should speak with an insurance agent who specializes in fitness club insurance. A specialized agent will be familiar with what risks various sports present and know how to best insure against those risks.

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Do Fitness Club Policies Cover Contact Sports?

Gyms that sponsor contact sports leagues likewise should speak with a specialized agent who’s familiar with these policies. An agent who can review a gym’s particular situation can provide the best advice regarding policy and coverage selection. They’ll know what type of policy to look for if contact sports are a consideration.

How Can Gyms in Vermont Get Gym Insurance?

For help finding gym insurance, contact the independent insurance agents at Paige & Campbell Insurance. Our team has helped many gyms and fitness clubs in Vermont find the coverages they need, and we’re ready to assist you with finding a suitable policy.

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