Personal Trainer Insurance BC

A personal training insurance policy may contain the following coverages:

• Professional Liability Insurance: Also called errors and omissions (E&O) insurance, professional liability insurance protects you from claims of professional negligence, misconduct, giving a customer poor advice that leads to them suffering physical or financial harm and failing to deliver a service as promised. If you’re sued, professional liability insurance is designed to cover your legal expenses, settlements, or judgments against you.

• Commercial General Liability (CGL) Insurance: CGL, or general liability insurance, covers third-party bodily injuries and third-party property damage claims from customers resulting from your services. For instance, if one of your customers suffers an injury during a training session and requires medical assistance, CGL insurance is designed to cover their medical expenses. If an injured customer decides to take legal action against you, CGL insurance may pay your fees for legal advice and representation.

• Product Liability Insurance: Often included with CGL insurance or added to a personal training insurance policy, product liability insurance covers your liability for any product you manufacture, distribute, or sell if a customer suffers physical harm or property damage from that product. For example, if you sell nutritional supplements to a customer who has a severe allergic reaction to them, you may be liable for their injuries. Product liability insurance may cover their medical expenses and your legal bill if you’re sued.

• Commercial Property Insurance: If you own, rent, or lease a commercial space or studio to provide fitness and training sessions, you should include commercial property insurance. It covers business property and office or studio contents for damages or losses from fire, water, natural disasters, vandalism, and theft. For instance, if you have weight-training equipment, nutritional supplements inventory, and electronic equipment in your fitness studio damaged by a fire, commercial property insurance is designed to pay to repair or replace those items and damages to the space caused by the fire up to your coverage limit.

Some commercial insurance policies may include business interruption insurance to cover income losses and business overhead costs following an insurable loss like a fire that forces you to close temporarily for repairs. It can be added to your commercial property policy if it’s not automatically included.

• Cyber Liability Insurance: Personal trainers usually have websites, use email and social media networks, store customer data digitally, and accept digital payments through a point-of-sale (POS) system. If you’re a victim of a cyber-attack or data breach that results in your computing system being compromised, your website being taken over, and confidential data being stolen, it could devastate your finances. Cyber liability insurance may cover the costs of restoring your software systems, credit monitoring and notification fees, legal advice, and income losses sustained by a systems outage following a cyber incident.