Insurance for personal trainers typically refers to any commercial policy designed to protect the professional and business assets of a fitness trainer. Although there are different policies applicable, general liability is the most commonly used by fitness trainers. This kind of insurance cover damage to property, bodily injury, and defamation lawsuits. But in addition to general liability, some personal trainers may need additional coverage for other services they provide. As such, the cost of the policy may add up. With that said, how do you ensure that you get the most value out of your policy?
Identify specific risks associated with your profession
Nobody knows your work more than you. Before getting insurance, you need to make a list of all risks associated with your work. Consider even the most far-fetched possibilities and put yourself in your client’s shoes. Ask yourself if you have weaknesses and vulnerabilities which could expose you to risk.
Liability insurance for personal trainers could be customized according to a variety of factors, including the possibility of certain occurrences from happening. By identifying these risks, the insurance provider can better create a policy that suits your needs.
Carefully check the exclusions
We often neglect reading the fine print, especially when it comes to insurance policies. Unfortunately, exclusions and other essential details are usually hidden. As a personal trainer, make sure that your policy includes professional liability. This will ensure that you are covered in case a client sues you for wrongful advice which caused them illness or injury.
Check the policy if it has location restrictions. If you train in various areas such as parks, gyms, your client’s homes, or a fitness boot camp, you need a policy that does not restrict coverage based on location. Lastly, if you offer your client’s advice on health supplements and other nutritional products, you may need a policy that covers related incidents.
Be ready to go the extra mile if you want to qualify for comprehensive coverage at a lower price
Your policy will cost less if you can prove to the insurance provider that you take the necessary measures to safeguard your profession. For example, do you conduct thorough screening before qualifying your clients to undergo a specific fitness regimen? Do you ask your clients to sign liability waivers? These steps may be considered tedious, but doing them helps protect your business interests as well. Most importantly, the insurance provider will use these as qualifiers to give you excellent coverage, but at a cheaper cost.
Take time to monitor your policy
Your experience with your insurance provider does not end after signing the policy. Do not wait until you have to file a claim before following up with your agent. Insurance is critical to your employment; hence, you may need to ask the insurance provider for documentation. Early on in the process, ask about how these steps work so that you know what to do when the need arises. Does the insurance company provide helpful tools such as mobile apps to access your policy? Take full advantage of post-sales services available to make your insurance experience as smooth as possible.