The Health Club business is booming. You know exactly how to run your business to optimize profits and keep your customers happy. You know that with all the heavy lifting, swimming, and other activities that go on in your facility, you are at risk of getting sued. So you are sure to have all of your members sign a waiver absolving you of any responsibility for any injuries that may occur. Unfortunately that may not be enough.
You need to have excellent insurance in place to protect you and your business. Our agents at Resource Insurance Group can help you set up a customized program for the fitness industry.
Health Club Business Trends
According to the International Health, Racquet and Sports Club Association (IHRSA), the Health Club industry has experienced continuous growth over the last twenty years. This is due in large part to these three factors:
• Media—hundreds of thousands of pages of free advertising appear every year as the benefits of regular exercise are touted in print, TV and the internet
• Corporate involvement—31% of America’s larger corporations subsidize employee health club memberships according to IHRSA
• Health Insurance involvement— An increasing number of HMO’s reward their members for participating in regular exercise programs
Because of this exposure, you are likely to see new members in non-traditional markets (seniors, children, and those with a sedentary lifestyle) come through your doors every day. With all these members who are less experienced working out at your club, you need to make sure that your facility is safe and protected with quality insurance.
We provide one of the most comprehensive health and fitness insurance programs available today. With six coverages and two endorsements, our insured health and fitness clubs, their owners and their health club members are fully protected.
Health and Fitness Insurance Program
The program offered by Resource Insurance Group includes the following six coverages:
1) General Liability• Comprehensive General Liability – Limits to $1,000,000 each occurrence/$3,000,000 aggregate
• Premises Liability
• Special Events coverage outside the club is included for the entity and professional instructors or consultants Personal Injury Liability
• Coverage extended to contracted professionals for additional premium
• Employee Benefits Liability
• Coverage for tanning available
• Liquor Liability coverage available
• Abuse or Molestation coverage available
2) Professional Liability • Health and Fitness Professional Liability coverage form – limits available up to $1,000,000 per professional incident and $3,000,000 aggregate
• Coverage extended to entity and employed professionals including lifeguards, racket sports instructors, aerobic & fitness instructors
3) Property• Blanket limits with large in-house capacity
• Special Causes of Loss coverage on buildings, contents, business income and extra expense
• Coverage extended to include property of customers in your care, custody or control
• Coverage for outdoor pools and court surfaces
• Spoilage
• Signs (attached or unattached)
• Precious metals, including trophies
• Business income and extra expense
• Pollutant clean–up and removal
4) Umbrella/Excess Liability• Limits up to $15,000,000 available
5) Automobile• Owned auto
• Hired and non-owned auto
• Hired car physical damage
• Rental Reimbursement for private passenger vehicles
6) Crime and Fidelity• Theft, Disappearance and Destruction - $10,000
• Forgery or Alteration
• Employee Dishonesty
Two Endorsements
The following two endorsements can also be included in your insurance protection:
1) Bell Endorsement--Includes Business Travel Accident Benefit, Donation Assurance, Emergency Real Estate Consulting Fee, Identity Theft Expense, Image Restoration and Counseling, Key Individual Replacement Expenses, Kidnap Expense, Terrorism Travel Reimbursement, Workplace Violence Counseling. Limits for each Conference Cancellation, Fundraising Event Blackout, Political Unrest, Temporary Meeting Space Reimbursement and Travel Delay Reimbursement
2) Crisis Management Enhancement Endorsement--Crisis management emergency response expenses incurred because of an incident giving rise to a “crisis”
A Trusted Advisor
Our agents at
Resource Insurance Group are some of the most experienced in the Health and fitness insurance industry. We will look at your facility, customer base, and exposures so that we can create a program that fits your business needs. Contact us today with any question you may have and we will work out any problems you may have.