Dave Beard

Expertly compared by Dave Beard

Products Updated May 1, 2018

Business Insurance For Gyms

If you’re a gym owner or manager and require business insurance then our experts can help. They understand the risks and can help arrange and set up an insurance policy so your business is adequately insured and protected.

Our insurance experts can compare the market to find you the best deal on business insurance. Get a free quote and advice today:

3 providers expertly compared:

Simply Business

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Provider
Business Insurance

Products
Professional Indemnity, Public & Employers Liability Cover

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.8/ 5

All credit types

Simply Business is a broker that provides a wide range of business insurance cover. They specialise in small businesses and can advise, compare and arrange the right insurance products to ensure you are not only protected by get the best deal on the market.

3 providers expertly compared:

AXA

Provider
AXA Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.7/ 5

All credit types

AXA business insurance can cover you and your business for every eventuality. Apply online today and save an extra 10% on your quote instantly.

3 providers expertly compared:

Hiscox

Provider
Hiscox Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.8/ 5

All credit types

Hiscox commercial business insurance provides a professional level of cover to protect every aspect of your business, from the premises to the people who work for you, and any legal matters that may arise from your day-to-day operations.

Read our customer and visitor reviews for this product:

Rating: 5 / 5 with 1 votes

Recieved quotes as promised.

by Clear Eye Wear Limited

Happy with the process and quotes. Simple to use and back up with a phone call. No pressure to buy, which was reassuring.

FAQ

The gym has never been so popular as people look to change their lifestyle and become fit and active.

As your members use your equipment to get fit, lose weight or build muscle it means that you have to ensure that equipment is safe as well as your members. A lot of your equipment is mechanical which means things can go wrong if it is not maintained or you may even decide to offer advice to clients that is incorrect. These of course can cause injury to your client as well as financial loss and this means they will be within their rights to make a claim against you. Acting negligently or offering wrong advice exposes you in many ways and this means that a client could make a claim. Errors are inevitable but protecting your business with business insurance is crucial.

Business Insurance Designed For Gyms

Business Insurance Designed For Gyms

As a gym, business insurance can be designed to fit around your needs so that you have the protection you need. This means that any claims made against you that are linked to negligence, incorrect advice or bad workmanship. These claims can be extremely damaging for your business so you need to ensure that you protect your business in the right way. A claim can be submitted at any time and claims are usually associated with high costs so putting business insurance in place will protect your finances.

Running a gym comes with a number of risks and this means that you need to ensure that you are protected against any claims. This is where business insurance can make a real difference.

Professional indemnity insurance is put in place to serve the needs of your business. Any form of negligence or incorrect advice could put you at risk of a claim being submitted by one of your members. You could fail to inform members that a piece of equipment is faulty and this could result in a client becoming injured by a heavy weight. You may advise a member that a specific machine is fine for them to use only for them to damage themselves resulting in time of work. This would mean that they would submit a claim in an attempt to claim compensation and loss of earnings. This form of insurance is crucial for your business because errors can happen very easily and this leaves you exposed.

Public liability insurance is a must-have because members can become injured by fault equipment within the gym or even in the changing rooms. A weight bench could collapse while a client is using it with a heavy and this could cause serious injury or a weight rack may fall over and land on a client. This may seem farfetched but the reality is that it could actually happen. Injury and loss of earnings due to time off work could mean that they submit a claim against you to recover these losses and so this insurance is extremely important.

The Features

You will see the following features with this cover:

  • All claims are covered regardless of their severity
  • All claims are fully evaluated before payment is released
  • Complete protection for your business
  • Includes defence costs and compensation costs
  • Business requirements are considered to ensure the cover is right for you
  • Court appearance costs are included
  • Cover that suits your budget

What Are the Benefits?

Business insurance will give you the following benefits:

  • Compliant with all laws and legal requirements
  • Concentrate on the needs of your business
  • Financial protection from expensive claims
  • Advice is on hand as well as representation
  • Peace of mind and confidence in your business

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