If you haven’t considered personal trainer insurance yet, we believe it’s time to reconsider the facts now. Indeed personal trainer insurance can be overwhelming, but having insurance is important to become a successful and established personal trainer in the fitness industry.
So here we tell you some hidden tips that will protect you as a personal trainer for your online or offline fitness business.
Two categories of personal trainer insurance that protects the trainer from any physical or personal liability are:
The personal trainer insurance:
Insurance for yourself or the personal trainer insurance comes under two categories-
Life insurance- Life insurance offers you complete Insurance cover throughout your lifespan, where premiums can be both fixed and flexible. The coverage usually becomes active in the event of the insured’s demise, and the assured sum goes to the beneficiary.
Health insurance- Health insurance is usually limited to medical and hospital needs, where you need to pay a fixed insurance amount to get a medical emergency cover as and when required.
The insurance policy talks about you as an individual instead of you as a personal trainer. The policies can be easily purchased online, through insurance realtors, or even without physical agents. It’s important to have good health, and that’s what the coverage is all about.
The fitness gym insurance:
Personal training insurance or fitness gym insurance means the property and casualty area of the insurance industry falls in the category.
Some insurance policies require you to be a certified personal trainer before they grant you the policy. In this case, you need the agent’s help to get the best-tailored insurance schemes that suit your needs.
Also, how long have you been in the business and what coverage you are looking for affects your coverage approval policy.
To become a successful personal trainer, you need to maintain both types of insurance that will become an essential part of your life.
Three types of insurance are crucial for the business:
General Liability Insurance:
General insurance provides coverage for people other than employees who get hurt or get their property damaged on your premises.
Examples where the insurance policy works:
- If the client falls over the power cord and breaks their foot.
- If your high-profile client is annoying and you have tweeted against them or you are found talking about them behind their back, and they charge you with defamation of their reputation.
- For instance, if you damage their property, say an Armani watch, and they sue you for replacement cost.
Professional liability insurance:
Professional liability insurance could be the reason that gives you peaceful sleep at night. You take this insurance to protect yourself from the claims made against your personal training business.
If your guidance or negligence results in the client’s injuries, you will not have to bear the burden of any claim.
Examples where the insurance policy works:
- If you implemented a wrong technique in your online personal training video that resulted in their injury.
- If you could not diligently manage a project or you missed the deadline.
- In case you were unable to deliver your professional services as promised.
- When you did not provide complete details about how any product or service offered by you shall work.
Third-Party Cyber Liability Insurance:
It’s the responsibility of the personal trainer to protect the information of the client. When your client’s data is compromised, this cover comes into existence.
In the following situation, this insurance shall protect you against third-party claims.
- The cost of attorneys that you will need to defend your company.
- Settlement costs that will help you resolve the dispute.
- If you are found liable, then the damages are ordered by the court.
- Miscellaneous court expenditures, including fees.
Indeed, so many factors put your business at risk, and it’s pretty common to mess up. Therefore you need a backup to help you out where situations go out of your hands. For example, you can have a hundred clients, but even if one client files a lawsuit against you, it can jeopardize your whole business.
Instead of going for a cheap insurance policy, we recommend you go towards a policy that potentially covers you from any risks and protects you completely from any unforeseen situation!
