Gym Insurance

Specialist gym insurance through Ripe coming soon.

What is gym insurance?

Gym insurance is a form of financial protection that covers your gym against the various risks associated with operating from and owning a gym.

Owning a gym and working directly with clients has a huge range of benefits, but like anything—it’s not without risk.

For example, things like equipment theft, flood or storm damage, or third-party claims for injury or property damage are all risks associated with gym ownership.

However, gym insurance is specifically designed to protect you and your business against these and more.

 

Why should I consider gym insurance?

If you own and operate a gym, or run a sports coaching business from said gym, it’s important to protect yourself and your business against possible disruption.

For example, let’s say…

• Some gym equipment kept on your premises is stolen or damaged
• A client makes a claim against you or a member of your gym staff for serious injury or third-party property damage
• Adverse weather, such as a flood or storm, causes considerable damage to the gym

Without the right gym insurance, events like these could leave you substantially out of pocket and even leave your business unable to trade for large periods of time.

Specialist gym insurance can protect you and your business should the worst happen, and if you employ members of staff at your gym, having Public Liability cover is essential.

 

How much does gym insurance cost?

The cost of your gym insurance will depend on several factors, such as the building value, the level of cover you choose to take out, and the services provided as part of the gym’s general operation.