Why do Personal Trainers need Business Insurance?
In the fast-paced, energetic fitness industry, no two days are the same. You deal with a variety of clients, each with their own unique demands and health needs. Your role as a personal trainer is to work with your clients by providing exercise plans and programs to help them achieve their fitness goals.
You may put in all the extra effort and reasonable steps to help your clients achieve their targets, but the reality is, unwanted accidents and incidents can still happen, and usually when you least expect it. As a personal trainer you have a lot of responsibility to look after your clients health and that is why it is important to have the right kinds of insurances in place to protect your personal training business.
These are some of the ways business insurance can help your personal training business stay fighting fit:
- If you are renting a space for your personal training business, you may be required to have Public Liability insurance in place as part of your rental agreement
- When you are providing professional advice on all things fitness to your clients, there is an element of responsibility if your advice were to cause a client to suffer an injury (when not covered by the ACC), and claim negligence. This is where Professional Indemnity insurance can help
- Working within gyms, public spaces and other fitness facilities, it may be a requirement that you have Public Liability insurance in place
- If you offer mobile personal training services, consider protecting your expensive equipment and sporting aids with Portable Equipment cover*
Don’t sweat the small stuff when it comes to making sure you have the right business insurance in place. Let the energetic team at BizCover do the crunches when it comes to providing a competitive quote to get you covered in no time.
Did you Know?
Your professional indemnity policy covers the cost of defending allegations of professional negligence against you and not just the settlement amount.
Insurance for Personal Trainers and Fitness Professionals
Working as a personal trainer means your business is faced with a variety of different risks every day. Business insurance for personal trainers is designed to cover potential claims for things like injury (when not covered by the ACC) or damage to a third-party’s property, misleading or negligent advice to safeguarding things like your business assets^.
Professional Indemnity Insurance*
You work closely with your clients, helping them to create specialised exercise plans that are tailored to their lifestyle needs. The truth is, life doesn’t always go to plan, mistakes no matter how unintentional can still happen, accusations get thrown around leading to a potential situation where you are faced with a claim.
That’s why Professional Indemnity insurance becomes an important cover to consider.
Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance will also help with the legal costs associated with responding to or managing claims which are covered by the policy.
Protect your business today.
Public Liability insurance*
Another basic insurance coverage you may need to consider for your personal training business is Public Liability insurance. Often this kind of insurance is a requirement if you work as a contractor to a gym, a fitness studio or work within a public space like a council park for example.
Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public are injured (and not covered by the Accident Compensation Commission (ACC) or sustain property damage as a result of your negligent business activities.
Combined Professional Liability package
Having a combined Professional Liability package provides the financial protection you need against losses which may be incurred for any action taken against you for a combination of reasons.
It includes Professional Indemnity and Public Liability cover to provide you indemnity for injury or damage caused by or arising from tuition instructions or advice given by you, as well as cover for accidental injury or damage to third party people and property.
If you take a moment to look at all the fitness equipment you own, it adds up pretty quickly. You rely on these tools of trade to help train your clients and without them, you may not be able to get the job done.
These are some types of business insurance coverages to consider:
Portable Equipment cover*: Covers you for loss and damage to your tools and equipment due to theft, fire and other perils listed in the wording, anywhere in New Zealand.
Contents*: Cover for loss of or damage to items such as business equipment, stock, plant and machinery, records, fixtures and fittings and furniture belonging to you at the insured location.
* This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.
^ The provision of the claim’s examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned.
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You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents.