FAQs about Business Insurance for Gyms

FAQs about Business Insurance for Gyms

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 […]

What Type of Boxing Gym Insurance Do You Need

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 Should You Buy Fitness Business 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, […]

Adding COVID-19 Language To Your Gym Liability Waiver

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 […]

What Has Your Broker Done for You Lately?

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 […]

Gym Equipment Insurance—Protecting Your Assets

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 […]

The Truth About What’s Buried Deep in Cheap Insurance Policies

 As gym owners we don’t have the time to read one hundred page insurance policies. The list of to-do’s is long – I need to program training for the week, make payroll, clean the restrooms, and more and more. Frankly the last thing I want to do is read about insurance. The problem – some […]

A Guide to Liability Insurance for Gym Owners

If you own a gym, your business is all about helping people live healthier, more active lives. At its core, it’s a very positive endeavor—so it may feel strange to focus on all the things that can go wrong. But, it’s a smart business move to be prepared. There are a number of ways to […]

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