Since March of this year when COVID-19 became a stark reality, things have been changing rapidly and many times without warning. Business owners have been doing all they can to adapt and keep their businesses running. Like so many others, gyms were forced to temporarily close due to the pandemic and owners had to come […]
Category: Gym Insurance
The key to any good insurance plan is to make sure you get a plan that is the right fit for your business. You need to have the proper insurance you’re legally required to hold, enough coverage to protect your needs, but you don’t want to pay high cost premiums for factors that don’t apply […]
CrossFit, the elite fitness program may take different shapes at different fitness facilities, but there is a constant—the need for appropriate insurance. If you’re opening a CrossFit gym, or if you’re looking to integrate it into your services, it’s important to think about all the considerations and risks to make sure you have the proper […]
Many of us have been forced to change our business model. Whether we like it or not, Zoom classes, training in the park, or any other method of staying safe could be here for a while. The concept of online fitness programs is not new but until recently insurance companies have lagged in response to […]
Determining your insurance needs can sometimes feel difficult to untangle, especially when you’re running a complex business like a gym, which has a number of unique considerations. Let’s take a look at some of the most frequently asked questions about business insurance for Gyms. What are the basic kinds of insurance I need for my […]
As a boxing gym owner, you’re probably concerned about the type of insurance you need to protect not only yourself but your members and any guests visiting your gym. The good news is that NEXO has many years of experience helping owners of boxing gyms with their insurance needs. General Liability Insurance General liability insurance […]
When starting a gym business, there are a few things you should do to ensure it is successful. There’s securing a building, buying equipment, finding trustworthy and hard-working employees, and then marketing material. Something else you should do is get fitness business insurance to protect your assets. The timing of getting that insurance is important, […]
The below information is not legal advice. We encourage gyms to contact an attorney should you have any questions concerning your Liability Waiver or any other concern related to the pandemic. The liability waiver has always been an important step to gym owners while onboarding new clients. It’s a given; when you walk into a […]
The cost of Workers’ Comp Insurance has been skyrocketing for Affiliates. Historically Affiliates have been lumped together with fitness trainers from Globo-gyms, MMA, and others that didn’t represent the Affiliate landscape correctly. California recently introduced a group class training Class Code which is as much as 50% less expensive than the previous Class Code. Many […]
No matter the size of your fitness center or its scope of services, you’ve probably made a significant business investment in your gym equipment. For some businesses, it’s important to boast the latest-and-greatest models with all the bells and whistles, while for others, equipment may be more modest and functional—tools to help clients reach their […]
