In this presentation we are going to discuss what you need to know about purchasing personal trainer insurance, including the different types of personal trainer insurance, how much it costs, and where to purchase. - See more at: http://fitsmallbusiness.com/personal-trainer-insurance/

1. Personal Trainer
Insurance
The Ultimate Guide

2. Lets discuss what you need to know
about purchasing personal trainer
insurance, Including the different
types of personal trainer insurance,
how much it costs, and where to
purchase.

3. Types of Personal Trainer Insurance
There are five primary types of insurance that personal
trainers with no employees, who do not own their own
facilities should have.

4. Type What It Covers
Professional
Liability
Insurance
Cost of legal defense and settlement up to a max payout
for injuries directly related to the service you are providing.
Product Liability
Insurance
Cost of legal defense and settlement up to a max payout
for injuries related to products used when providing your
service.
General Liability
Insurance
Cost of legal defense and settlement up to a max payout
for injuries which are not directly related to the service you
are providing.
Damage To
Premises
Cost of repair for damages caused to the space where you
train clients.
Sexual Abuse
Liability
The cost of legal defense if you are falsely accused of
sexual harassment, abuse, or molestation by one of your
clients.

5. Most insurance companies
that specialize in providing
personal trainer insurance will
combine all of these into one
package, so you do not have to
purchase each separately.
!
Here is a more detailed overview
of what each type of personal
trainer insurance covers:

6. Professional Liability Insurance
Designed to cover the costs of legal defense and settlement for injuries (or
alleged injuries) to clients while you are training them. In order to be covered
under your professional liability policy, the injury (or alleged injury) must
have happened as a direct result of the service you are providing.

7. Example:
Someone is hurt during a workout and claims that it was because of your
incorrect advice. Whether or not the client is correct, your Personal Trainer
Professional Liability insurance should cover your legal defense, and any
award made to the client, up to the limit of your coverage (generally $1
Million).

8. Product Liability Insurance
Product liability insurance is designed to protect you against injuries
caused by products (such as faulty gym equipment) used when training
clients. Even if you did not make the product, you can still be sued since
you advised the client to use a faulty product.

9. Example:
A cable on a new piece of gym equipment snaps and injures the client
you are training. Your product liability insurance should cover your legal
defense, and any award made to the client for your involvement in the
accident (or alleged accident), up to the limit of your coverage.

10. General Liability Insurance
General liability insurance is designed to cover the costs of legal defense
and settlement for client injuries (or alleged injuries) that happen while
they are training with you, but which are not directly related to your
training.

11. Example:
While working out at the gym with you, a client slips and falls on a wet
floor, and sues you for their injuries. Whether or not the client is correct,
your General Liability insurance should cover your legal defense, and any
award made to the client, up to the limit of your coverage (generally $1
Million).

12. Sexual Abuse
Because of the nature of the personal trainer profession, many policies
will also include protection against a false accusation of Sexual Abuse.
Insurance does not cover you against illegal acts however, so if you are
guilty your insurance will not pay.
Our recommended policy includes up to $300,000 ($100,000 per
incident) in payments for court costs to defend yourself.

13. How much
Personal Trainer Insurance
Costs & Where To Purchase

14. You can save a
significant amount
of money
By purchasing personal trainer insurance from a firm that specializes in
this type of insurance. Our recommended provider (Philadelphia
Insurance Companies) charges $172 per year for certified personal
trainers and $232 per year for non certified trainers.

15. That is the least
expensive quote we were
able to find for a high
quality comprehensive
package.
To give you an idea of how much you could end up paying if
you do not work with a specialist GEICO quoted us $850 a year
for a similar policy.

16. They are the preferred provider of IDEA Health and Fitness (the largest
association for Fitness and Wellness Professionals), and offer very competitive
value for the money.
!
If you hold a personal trainer certification then the cost of their standard
package is $172 per year. If you are not certified then the cost $232 per year.
Philadelphia Insurance Companies’ Fitness and Wellness program.

17. Their standard package for individual trainers includes:
• $1,000,000 in General and Professional Liability Insurance Per Occurrence ($3 Million in
aggregate).
• $1,000,000 in Product Liability Insurance Per Occurrence ($3 Million in Aggregate.
• $100,000 in Sexual Abuse Liability per occurrence ($300K in aggregate).
• $100,000 for damages to premises (this only matters if you temporarily rent space).
• $2500 in no fault medical coverage (for minor injuries, no claim needs to be filed).

18. You can purchase online and
it is quick and painless.
Purchase Personal Trainer Insurance Here

19. Structuring Your Business Correctly Is Also Important
From a legal standpoint. If you have not done so already, you can form an
LLC online with LegalZoom for around $300. LLC’s are designed to shield
your personal assets if your company is sued.

20. Join The Community:
www.FitSmallBusiness.com
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