Fitness Professional Liability Insurance
Whether it’s your first day on the job or you’re an established fitness veteran, you’re no stranger to the value of hard work. Your career can be extremely rewarding, providing many opportunities for personal growth as well as meaningful contributions to the health of others. Unfortunately, as a fitness professional, mistakes can happen. When they do, it’s best to be prepared with fitness professional liability insurance. A dedicated fitness professional liability insurance broker can help you augment your existing liability coverage.
What does fitness professional liability insurance cover?
As an instructor or studio owner, you’re automatically vulnerable to malpractice lawsuits. Although malpractice cases are more common within the medical field, they should not be overlooked in the fitness sphere. Even basic and routine exercise has the potential to cause harm to your clients. In some cases, no amount of reasonable care can prevent these injuries. Throughout the course of your career, you may also face sexual misconduct claims, lost wage claims and claims of property damage. Fitness professional liability insurance policies offer protection from these lawsuits, and each policy will be tailored to your unique risk factors.
In a lawsuit, you stand to lose more than just your business or your career. When a client is injured, their lawyer will advise them to name as many defendants as possible in their lawsuit. This practice maximizes the potential payout for the victim but compounds your risk as a professional. Even if you had little personal involvement with the plaintiff, the cost of a skilled legal defense can jeopardize your financial security. In some cases, your existing assets, such as your home or car, can even be at risk. Fitness professional liability insurance protects what’s most important to you while also offsetting the costs of your legal defense.
Why do I need a fitness professional liability insurance broker?
Whether you’re a contractor or a business owner, working with a fitness professional liability insurance broker will help you ensure that you’ve selected the best coverage for your unique needs and risks. Finding the right policy can be extremely time consuming and confusing. Obtaining accurate quotes requires speaking with providers directly, as well as providing dozens of personal, identifying details, only to receive a confusing term sheets and frequent follow-ups.
When you work with a fitness professional liability insurance broker, we evaluate your needs first. Our focus is obtaining the best coverage for the right price, not upselling an expensive package. At Frankel & Associates, we assess policies based on a variety of factors such as premium costs, individual liabilities, business size and the providers previous claims response history. As a result, you’re able to save time and money by considering only plans that meet your requirements!