More than 62.4 million individuals in the US visit a gym on an average of 104 days a year. The sports industry is a tough nut to crack, with fitness centers and recreational sports centers prone to accidents daily. Handling all the claims and lawsuits presented on the table daily is difficult.
But, now, with general liability insurance specifically designed for sports, the prayers of all industry members can be answered. General liability insurance covers common risks that all businesses face. Like bodily harm, property damage to the customer, and even certain levels of advertising injuries.
This blog has mentioned specific points about how general liability insurance can help your sports and fitness facility. So, if you’re a proud owner of a personal gym, fitness center, or recreational sports facility, make sure you read until the end.
Why Do You Need General Liability Insurance for Sports?
According to LegalMatch, almost 459,978 people got injured by exercising on gym equipment, and gyms had to pay thousands of dollars in legal fees.
The fitness and sports industry is most vulnerable to accidents; thus, they’re in most need of general liability insurance.
Imagine if your gym or fitness center has heavy foot traffic and houses many lockers, showers, weights, swimming pools, and saunas. The risk of someone slipping and falling and injuring themselves is pretty high.
Perhaps, your business may even require your trainers and personnel to travel to consumers’ houses to conduct sessions; the risk of damaging third-party property also comes into play. Aside from these scenarios, what if you place ads revolving around the current users of your gym, and they sue you for using their face.
In all these scenarios, what can you do? Pay for the damages from your pocket or let insurance cover it (the latter being the most popular choice). This is precisely where General Liability Insurance comes into play. They’ll cover the charges for these unforeseen accidents while you sit back and focus on running your business.
Incidents That General Liability Insurance Covers
The General Liability Insurance for Sports covers a variety of incidents in their policy. Below are only some general insurance liability types for which most businesses need coverage when running a sports and fitness center.
Injuries to the Body
If a third-party were to hurt themselves on your premises, General Liability Insurance would cover the costs related to the injury.
This includes the coverage of medical expenses, the loss of their income during recovery, pain medications, funeral expenses (in the event of death), or the legal fees if the third party were to take legal action.
Damages to the Property
Your fitness trainers sometimes need to travel to different locations and client sites to conduct physio sessions, personal training, and consultation.
As they travel to different locations from time to time with specific heavy equipment, damage to a third-party location is possible.
In a survey conducted by NCBI, fitness trainers reported that about 4,975 incidents of property damage and injury to the users happened during sessions. That had led to many legal problems.
With General Liability insurance, the damage done to the third-parties site can easily be covered. Although, one should note that this part of the CGL doesn’t cover property damages owned by you. It is only applicable if the damage is done while off the property.
Personal & Advertising Mishaps
Many claims about slander, defamation, libel, copyright infringement, and privacy violations are made in the sports and fitness industry.
With the personal & advertising coverage in your general liability insurance, these claims can go away without a hassle. If the claimant didn’t receive any personal injury on your property or wasn’t harmed during the advertising process, everything in your contract was up to mark.
Then the CGL will easily handle your defense, and no harm will befall your fitness center.
Against Legal Defense
The insurer would cover all the trial costs if your sports and fitness center faced a lawsuit. The insurance coverage includes court costs, attorney fees, witness fees, and other expenses that might be necessary during your trial.
Although, one should remember that the insurer will only cover the amount stated in your policy. If the total bill exceeded your policy’s value, you would have to foot the bill on all expenses after exceeding the limit.
Reimbursement of Medical Payments
Suppose an incident were to occur on your property where an individual had sustained an injury. Regardless of who was at fault, your general liability insurance will cover the cost of medical bills as stated in the policy.
The bill would be covered until you exceed the amount of your medical expense dedicated to the policy. After that, the payment will be added to your coverage fee for next month.
Remember that medical coverage is different from bodily harm; your insurer can only pay for bodily injuries if the claim is proven accurate. While medical coverage may apply, your insurer bears the cost without a thorough investigation.
Running a fitness center isn’t as easy as one may think; there may be many times when unforeseen incidents and cases could suddenly hit you.
Instead of worrying about what to do next, it’s always best to get general liability insurance to avoid mishaps.
If you’re in the market searching for insurance, then your search stops here. Contact JMG Insurance Agency as they provide the best consultation about insurance policies related to your business and the best insurance packages in the market.