If you run fitness centers and gyms, dance studios and dance schools, tennis centers, racquet clubs, yoga studios, pilates studios, fitness management firms, martial art studios, 24-hour clubs, sports and recreational facilities, or if you offer personal or group fitness training you need gym insurance to protect your business against possible liabilities. Insurance for gyms in Ventura, CA generally offers the following types of coverages:
General Liability - General liability coverage covers property damage and physical injuries that emanate from your general operations. It also covers advertising injuries and damage to leased premises.
Workers’ Compensation - Worker’s compensation covers workplace injury, illness, or death. It pays for medical care, vocational rehabilitation, and lost wages. Additionally, if an employee dies due to a workplace injury workers’ comp pays survivor benefits. Workers’ comp requirements vary from state to state, so be sure you understand and comply with your state’s requirements.
Professional Liability - Professional liability/ E&O (errors and omissions) coverage, pays your legal costs in case you or any of your employees is accused of falling short of professional standards, negligence, or making errors while delivering professional services. For instance, a client may sue you for getting him started on an exercise regimen without assessing their fitness level. This coverage provides protection from liabilities related to professional services, and thus it varies from general liability, which covers property damage and injuries that can occur in any business. If you provide one-on-one training services, you should consider getting a professional liability policy that also covers abuse and molestation.
Medical Payments Coverage - Medical payments coverage offers protection for medical care costs of injured clients regardless of who is at fault. This coverage is vital for gym owners because it ensures that minor injuries are treated immediately and thus are less likely to lead to major claims.