The Best Insurance Guide For Personal Trainers
Different conditions influence personal trainer insurance costs, including..
Fitness service: What services are included in your offering.
Business equipment and property: Do you own physical property that you want to insure?
Number of employees (if you’re a business owner): How many employees are there in your business.
The cost of personal trainer liability insurance depends on exposure, claims history and business needs. The cost also varies depending on whether you are a freelance personal trainer, working for a company, a local fitness center, or whether you own your own business.
According to Fit Small Business, personal trainer insurance can range from $400 to $2,100 annually. Personal trainers are advised to shop for quotes, speak with multiple carriers, and settle on a policy that is individually tailored for them.
If you are thinking about becoming a personal trainer, many fitness centers will ask for a certificate of insurance (COI).
Certificate of Liability Insurance
A certificate of insurance (COI) or certificate of liability insurance is your proof of insurance that you present to a company, or in your case, a fitness center. Your line of work is specialized, and it’s prone to more liabilities because you deal with the overall wellbeing of clients, and these clients handle heavy equipment and perform rigorous exercise based on your instructions. That makes you the point of contact for any liability issue suffered by the fitness center or client. A certificate of insurance can be required as a contractual obligation.
