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Your fitness facility is a unique type of business that needs a unique type of insurance. Many times insurance can be overlooked or an afterthought. All of a sudden you find yourself in a hurry to find the best priced gym liability insurance policy with the best coverage, and unfortunately you may not get that unless you plan ahead.
Below we’ve compiled a time line along with some helpful advice to assist you in the smooth opening of your facility.
Insurance will be needed to occupy/lease your space, and most landlords will require it. Give us at least 15 days notice once you have selected your location. Why? By beginning the insurance process early we’re able to search multiple carriers, therefore ensuring you’re getting the best possible price and gym liability insurance coverage for small businesses available.
All legal entities, names, and ownership breakdown along with applicable FEIN numbers.
Addresses of locations to be insured.
A copy of each of your policy’s would be very helpful and cut down on the back and forth if you can send them via PDF. (Package, Umbrella, EPLI coverages)
Approximate member count per location or total.
It would be helpful if you provide us with a spread sheet with the statement of values for the business property.
How many part time, and full time employees, as well as how many 1099 contractors per location or total?
A copy of your membership agreement with the waiver of liability you have your members sign.
Eventually we’ll need three years of loss history but for now we need to know if you have had any insurance losses in the past three years. (You may email your current company and ask for loss runs. Ask them to email it to you and you can forward it to me)
A list of your additional insureds. Be advised I already have a list of GGI on file.
Once we have the above information we will provide you with an accurate and affordable quote on gym liability insurance for your small business and fitness trainers.
Should you have any questions or concerns please feel free to call or email us any time.
Thank you for the opportunity to earn your trust and business.