How much does insurance cost for sports and fitness professionals?

Sports and fitness businesses pay an average of $29 per month, or $350 per year, for general liability insurance.

A general liability policy helps cover legal defense costs related to common third-party lawsuits from clients, including those related to customer bodily injury, damage to a client's property, and advertising and personal injuries.

This is the average general liability policy for sports and fitness professionals who buy from Insureon:

Insurance premium: $29 per month
Policy limits: $1 million per occurrence; $2 million aggregate

The cost of general liability insurance depends on several factors, such as the coverage limits you choose, the size of your business, the amount of foot traffic you have, your location, and any endorsements you may add, such as an additional insured.

General liability insurance costs depend on your risk of a client lawsuit.

Among sports and fitness businesses that purchase general liability insurance with Insureon, 56% pay less than $30 per month and 86% pay less than $60 per month.

Across all sports and fitness professions, learn how to find affordable general liability insurance.

Policy limits are the maximum amounts your insurance company will pay for covered claims.

The per-occurrence limit is the most your insurer will pay for a single incident, while the aggregate limit is the maximum your insurer will pay on any claims during your policy period, typically one year.

Most sports and fitness businesses (89%) choose general liability policies with a $1 million per-occurrence limit and a $2 million aggregate limit. 

Sports and fitness centers pay an average of $67 per month, or $800 per year, for a business owner’s policy.

A business owner's policy, or BOP, bundles general liability coverage with commercial property insurance to cover both third-party risks and your business property. It typically costs less than purchasing each policy separately.

A BOP protects against client injuries and property damage. It also covers the repair or replacement costs of your physical building and fitness equipment if they're damaged due to vandalism and other covered claims.

Because of its increased coverage and affordability, it’s the policy most often recommended by Insureon’s agents for small business owners who rent or own a building.

This is the average BOP for sports and fitness businesses that buy from Insureon:

Insurance premium: $67 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $500

Small, low-risk sports and fitness companies are often eligible for a business owner's policy.

Small business owners may see higher costs if they choose to add endorsements to their policy. Insurance endorsements, such as business interruption insurance or equipment breakdown coverage, are often recommended to help avoid financial losses if a fire or power outage forces your business operations to cease for an extended period of time.

The cost of a business owner's policy is based on a number of factors. That includes the value of your property, where you are located, the number of employees you have, and your specialty, such as gymnastics, yoga, or Pilates.

Fitness and sports facilities with large or more expensive business property will typically pay more for a BOP than those with smaller premises or lower value business property.

Your industry risk, years in operation, and claims history will also affect your premium.

For sports and fitness companies, workers’ compensation insurance costs an average of $64 per month, or $768 per year.

This business insurance coverage helps pay for medical expenses when an employee is injured on the job. It also provides disability benefits while they're recovering and unable to work.

To comply with your state’s requirements and avoid penalties, sports and fitness businesses typically must purchase this coverage for their employees. It's also recommended for sole proprietors, as health insurance plans can deny insurance claims for medical coverage when an injury or illness is related to your job.

Most policies include employer's liability insurance, which covers the cost of lawsuits related to employee injuries. There's usually no limit to how much a workers' comp policy can pay for employee benefits, though it depends on state laws.

The cost of workers' compensation insurance depends on several factors, including the number of employees you have and the level of risk involved with their jobs.

Get more information on how to find affordable workers' compensation coverage.

Among sports and fitness businesses that buy workers’ compensation insurance with Insureon, 35% pay less than $50 per month and 72% pay less than $100 per month.

Workers' comp costs depend on the number of employees you have in your small business. A larger workforce brings a higher risk of worker injuries, which is why bigger businesses tend to pay more for this type of insurance.

Sports and fitness professionals pay an average of $42 per month, or $500 annually, for professional liability insurance. This policy is sometimes referred to as errors and omissions insurance or medical malpractice insurance.

Professional liability insurance offers critical coverage for sports coaches and fitness instructors, including paying for legal fees related to accusations of professional negligence.

For example, if a personal trainer is sued over failure to deliver promised results such as weight loss, this policy would cover their legal costs in the event of a lawsuit.

Though coverage is not usually mandated by state law, instructors and coaches may be required to obtain this policy to work at certain gyms and fitness centers or dance studios.

This is the average professional liability policy for sports and fitness businesses that buy from Insureon:

Premium: $42 per month
Policy limits: $1 million per occurrence; $1 million aggregate
Deductible: $500

The cost of professional liability insurance for fitness and sports professionals depends on several factors, such as the types of sports activities and sporting events you offer, your claims history, industry risks, and the policy limits you choose.

Among sports and fitness businesses that purchase a professional liability policy with Insureon, 76% pay less than $60 per month and 15% pay less than $30 per month.

Sports and fitness professionals who work with higher-risk populations or specialize in certain areas may pay more for coverage due to their unique risks. Insurance companies will also look at the type of professional services you offer and your fitness center's overall risk level when determining your premium.

Across all sports and fitness professions, learn how to get affordable professional liability insurance.

Small businesses, including sports and and fitness professionals, pay an average of $145 per month, or $1,740 annually, for cyber insurance. You might also see this policy called cyber liability insurance or cybersecurity insurance.

Cyber insurance helps sports and fitness centers recover financially after a data breach or cyberattack. It can help pay for customer notification costs, fraud monitoring services, and other expenses necessitated by state data breach laws.

The cost of cyber insurance depends on the amount of personal information handled by your sports and fitness company, such as clients' credit card numbers, along with the number of employees who can access that information.

Small businesses, including sports and fitness companies, pay an average of $147 per month, or $1,762 annually, for commercial auto insurance.

Most states require this coverage for vehicles owned by a sports and fitness business. For personal, rented, and leased vehicles used by your business, look to hired and non-owned auto insurance (HNOA) instead.

A commercial auto policy provides financial protection in the event of an accident involving your business vehicle. It can help pay for property damage, medical costs, and legal expenses.

The cost of commercial auto insurance depends on several factors, including the policy limits you choose, coverage options, the value of the vehicles, the driving records of anyone permitted to drive, and additional insured endorsements you select.

Learn more about how to find affordable commercial auto insurance coverage.