With 50+ Years of experience working in the gym / fitness and martial arts industries and over two decades in the insurance sector,. We know this niche insurance market and understand what risks businesses face and therefore what they need to be covered for, without leaving gaps.
Defending a claim without the appropriate preparation can put unnecessary stress on a business owner. Gym Insurance Brokers can review all the various risk factors of your business and make sure you have the appropriate procedures, in place to make a claim process easier and less painful.
Finding the right product to cover all your business operations can be hard, especially when insurers change wording / add exclusions and businesses change their activities. A specialist Gym Insurance Brokerage focuses on your operations especially when adding new activities (classes such as martial arts) and industry changes, that may impact a businesses risk rating. Let's bring you up to date!
Have you added martial arts / combat sports, rock climbing / bouldering or other classes / activities to your facility?
They may not be included in your standard gym / fitness centre policy, so give us a call to review your coverage.
Our specialities are Gym, Fitness, Health Clubs, Activity Centres, PT Studios, Sports and Martial Arts insurance - PH: 03 8201 9908
From a Personal Trainer - 24/7 Gym Chain
we can get your covered.
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We take more time to go through the options so you find the right solution. Learn more ➜
That extra support for your and your members. (Player Accident). Learn more ➜
Here some Q&A to help you better understand public liability insurance and how to reduce the chance of a claim to get better rates
The industry standard is $10mil but venue and landlords are asking for $20mil. This is also packaged with Professional Indemnity or Civil Liability of $5mil - $10mil but generally the lower is enough.
As a standard there is usually $1000 or up to $5000 deductable with public liability insurance in the event you need to claim. However you can access a NIL Excess policy through us.
Yes it can, especially if it is a significant amount that has been paid out. Other factors contributing to this price hike will be that the gym didn’t have very good incident reporting process, or the client didn’t sign a waiver, or the waiver wasn’t appropriate, the instructors were not industry qualified, or the operator was grossly negligent operating unprofessionally.
You can ask your broker to try other insurers, but you will have to disclose all your previous claims for the past five years. There are a limited number of insurers that cover gyms and virtually only two, that will include martial arts. Your broker may recommend staying with the same insurer with a premium increase for 1-2 years rather than go to market. Having your public liability claim processed painlessly, should give you confidence, that you have the right insurer, as some that are cheaper, maybe a nightmare in the claims department. Your broker will advise you on the right insurer, based upon claims handling and price, as they have relationships with a number of them.
- Some brokers belong to a buying group so their volume gives them better buying rates
- Some brokers only get quotes from a couple of insurers and not from the full market
- Your gym may have had a number of claims, so your premium maybe loaded or terms not offered
- You may conduct activities that only a few insurers will cover reducing options
Prices will vary based upon the number of members, the annual turnover, state stamp duties, level of cover, broker fees and insurer's rates. You can obtain 10mil PL & 5mil PI/CL for under $1000 per year for a small gym.
- Have a low claims ratio and/or have high level risk management policies.
- Have the highest qualifications for their instructors and constantly improve them
- Regularly do your own or get an independent risk assessors to review/audit your facility.
- Invest in more cameras to capture incidents, making it easier for insurers to defend against a claim.
- Ask their broker for a multi policy discount (purchase a biz pack or another policy)
- Find a broker with preferred rates (special program) where they pass on the rates to the client.
- inform your broker of an incident that may develop into a claim
- do not compromise the insurer’s ability to defend the claim.
- capture all the information relating to the incident in a comprehensive report (incl witnesses, video footage etc)
- capture all communication with the injured party relating to the incident (phone, emails, social media posts)
- do not admit fault to the injured party
- do not hand over your insurance details to the injured party
- do not to offer an injured person a financial payout as this may be deemed an admission of liability
- do show concern to the injured party, put their membership on hold and wish them a speedy recover to return
No, as it depends on a number of factors that need to satisfy the insurer’s criteria. They have the right to decline a claim, if they are not met. Here are a number of items, that may prevent a claim from being supported by an insurer.
- If there isn’t a proven physical injury registered recorded at a gym facility.
- If the gym doesn’t have a current financial policy.
- If the gym didn't pay the premium before the end of the insurer’s trading terms.
- If the gym hasn’t met their obligations of the policy
The maximum period is 7 years, but we have only experienced claims going back 4-5 years. We found that a number of gym owners didn’t keep adequate records of incidents. This would then compromised the insurer’s ability to defend the claim, making it harder to win the case. This is why it is essential for gym owners to keep comprehensive records of all claims for 7 years.
This keeps you up to date on various the changes to policy wordings and exclusions that could have an impact on a claim being covered. It also points out ways to reduce premium costs, confirming if you having double up on a policy or have gaps in your cover that need to be filled.
We feel this is one of the best services available, due to the peace of mind it gives you. Knowing you have done your due diligence to review your policies in detail, gives you great satisfaction. This is because you will now fully understand what you are covered for and what you are not, how premiums are calculated and what options you have.
Possible Outcomes:
- More comprehensive coverage
- No doubling up on a policy
- Better understanding of how insurance works
- Reduction in annual premiums
Arrange an
INSURANCE HEALTH CHECK
Call:
03 8201 9908 - 8.30 - 6.00pm
Mobile:
0451 331 958
- Daytime Calls - 24/7 TEXT
Office:
Unit 6 / 12 Henderson Road, Knoxfield, VIC 3180
Postal:
PO Box 2057 Blackburn VIC 3130 Australia
Meetings by appointment!
Gym Insurance
ABN: 31 632 785 329 AFS Representative No: 001283262
of United Insurance Group Pty Ltd ABN 31 131 564 522 AFSL 327131
FACILITIES / DISCIPLINES COVERED
Gym Insurance
24/7 Gym Chain Insurance
Fitness Insurance
Health Club Insurance
Bouldering Club Insurance
Activity Centre Insurance
Pilates Instructor Insurance
Yoga Instructor Insurance
Fitness Personal Trainer Insurance
Martial Arts Personal Trainer Insurance
Martial Arts Academy Insurance
KIckboxing Gym Insurance
Boxing Gym Insurance
Brazilian Jiu Jitsu Insurance
Taekwondo Insurance
Karate Insurance
Hapkido Insurance
Kung Fu Insurance
Muay Thai Insurance
Fight Show Events Insurance
This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances.
For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from the links above upon request.