“Spotting” your personal training business with small business insurance
January 20, 2015
Personal trainers are always spotting others. As a personal trainer with your own small business, your goal is to help clients meet their fitness goals through customized exercise routines. A big part of those routines is protection – keeping clients as safe from injury as possible with built-in breaks, staggered amounts of exertion, and direction on when they need a spotter. But what about your personal training business? Are you keeping it as safe as possible with personal trainer insurance? Liability insurance for personal trainers is like spotting for your business – there to step in right when you need it and prevent major catastrophe. Small business insurance serves as the spotter to your fitness business with the two separate coverages of professional liability insurance and general liability coverage. Together, these insurances protect your business from most potential threats. Here’s how. Professional liability Professional liability insurance, also known as Errors and Omissions insurance (E&O insurance), applies to 1) mistakes you make yourself, or 2)mistakes you may be accused of making. For example, if a client follows your prescribed workout routine and becomes injured in the process, he or she may sue you for damages, income lost due missing work, or pain and suffering. But with a professional liability (PL) policy in place, you’re protected. PL coverage protects your business if you are sued for negligently performing your services, even if you haven't made a mistake. It’s a must for businesses that provide a service or give advice to clients – which personal trainer do all the time. General liability General liability insurance, also known as commercial liability, protects your business from third party claims for bodily injury, associated medical costs, and damage to someone else’s property. And it covers the medical costs and legal fees resulting from these incidents, “spotting” your business from having these expenses. For example, a client may trip over someone’s gym bag or a mislaid towel, falling and injuring herself. If she blames you for not keeping the area clear she may sue, and your personal training business might have to pay damages. A general liability policy lets you rely on your insurer to handle legal communications and pay any claims for bodily injury and related medical costs. Just like spotting clients protects them from injury, professional liability insurance and general liability coverage protect your personal training business from legal injury. Contact us today for a free review of your current coverage or to start a quote.