How much does insurance cost for sports and fitness professionals?

Sports and fitness professionals pay a median premium of less than $30 per month, or $350 per year, for general liability insurance. This policy provides financial protection for third-party bodily injuries and property damage, along with advertising injuries.

Insureon’s licensed agents typically recommend a business owner’s policy, which bundles general liability and property insurance at a discount to protect gyms and other fitness property. You can also add professional liability insurance to a BOP or general liability policy for further savings.

Among sports and fitness businesses that purchase general liability with Insureon, 71% pay less than $400 per year and 21% pay between $400 and $800 per year. Larger fitness businesses with more clients tend to pay more for this policy.

Policy limits determine how much your insurer will pay on covered claims. A per-occurrence limit is the maximum your insurer will pay for a single incident, while an aggregate limit is the maximum your insurer will pay on any claims during your policy period, typically one year.

Higher limits cost more – and provide better coverage.

Most sports and fitness professionals (89%) choose general liability policies with a $1 million per-occurrence limit and a $2 million aggregate limit. As your small business grows, you may need to expand your policy limits.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

Sports and fitness businesses pay a median premium of less than $70 per month, or $810 per year, for a business owner’s policy (BOP).

This policy combines general liability insurance with commercial property insurance, typically at a lower rate than if the policies were purchased separately. You can also bundle it with professional liability insurance for even better savings and more complete coverage.

A BOP provides financial protection against customer injuries and property damage, along with damage to your own business property. Because of a BOP’s increased coverage and affordability, it’s the policy most often recommended by Insureon’s licensed agents.

Among sports and fitness professionals that purchase a business owner’s policy with Insureon, 28% pay less than $600 per year and 43% pay between $600 and $1,200 per year. The cost varies depending on the value of your business property, including sports equipment.

Most trainers and instructors (94%) choose a business owner’s policy with a $1 million per-occurrence limit and a $2 million aggregate limit.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's business owner's policy cost analysis page.

To meet your state’s requirements and avoid penalties, sports and fitness businesses with employees typically must purchase workers’ compensation insurance. Sole proprietors might also opt for coverage for financial protection against work injuries, which health insurance could deny.

Workers' compensation helps pay for medical treatment and partial lost wages when an employee suffers a work-related injury or illness. The median premium is $75 per month or $900 per year for sports and fitness businesses.

Among sports and fitness businesses that purchase workers’ compensation insurance with Insureon, 19% pay less than $600 per year and 56% pay between $600 and $1,200 per year. The cost depends primarily on the number of workers and their level of occupational risk.

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.

Personal trainers and fitness instructors pay a median premium of less than $35 per month, or $400 per year, for professional liability insurance. Also known as errors and omissions insurance (E&O), this policy offers critical coverage for personal trainers, yoga teachers, and other fitness professionals whose work depends on their expertise.

Professional liability insurance can help cover the cost of lawsuits related to professional mistakes and accusations of negligence. Sports and fitness professionals can often add this policy to their BOP or general liability policy for increased coverage and savings.

Among sports and fitness businesses that purchase professional liability insurance with Insureon, 38% pay less than $400 per year and 50% pay between $400 and $800 per year. The cost is determined by the likelihood of your business being sued over a professional mistake, such as an injury caused by your training.

Many sports and fitness businesses choose professional liability policies with a $1 million per-occurrence limit and a $1 million aggregate limit (38%). Another 38% of sports and fitness professionals choose policies with a $250,000 per-occurrence limit and a $250,000 aggregate limit.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.