Learn about business insurance requirements and the most common policies for personal trainers in Illinois.
Which policies are required for personal trainers in Illinois?
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by personal trainers in Illinois, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.
State law in Illinois requires every small business with employees to provide workers’ compensation insurance, which covers medical bills for work injuries.
What are the most common policies for Illinois personal trainers?
The most common policies for personal trainers in Illinois vary depending on the value of your business property, the number of employees, and other factors.
Business owner's policy (BOP)
Personal trainers often qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability insurance at an affordable rate. It protects your business property, such as exercise equipment, and guards against common third-party lawsuits. A BOP is the policy most often recommended by Insureon’s licensed agents.
General liability insurance
General liability insurance is the foundation of a personal trainer’s business protection, with coverage that extends to accidental client injuries, client property damage, and advertising injuries. Most commercial leases require you to have this coverage.
Illinois workers' compensation
If you own a personal training business in Illinois, you are required to carry workers’ compensation coverage for all employees. If a personal trainer is injured on the job, this policy can help pay for medical bills and lost wages. Your work has a unique set of benefits – helping folks achieve their fitness goals – but the physical activity involved presents its own set of risks.
Professional liability insurance
Professional liability insurance for personal trainers can cover legal expenses related to work mistakes, such as a client who claims your lifting technique led to injury. If you’re sued for unsatisfactory results or a client injury, this policy will help pay the cost of hiring a lawyer, along with a settlement or court-ordered judgment.
What do personal trainers in Illinois pay for commercial insurance?
According to an analysis of Insureon applications, the median annual cost of a business owner’s policy for a personal trainer in Illinois is $1,757 – significantly higher than the national median of $754. The cost of a BOP primarily depends on the value of your business property.
In Illinois, the costs of general liability insurance and workers’ compensation coverage for personal trainers rank slightly higher than the national median, too.
Save time and money with Insureon
Insureon’s industry-leading technology helps personal trainers in Illinois save time and money shopping for insurance by comparing policies from top U.S. carriers. Start a free online application to review quotes for the policies that best fit your business. Our insurance agents are licensed in Illinois and can answer your questions as you consider coverage.
To make the application go quicker, have this information ready:
- Workforce details, such as the number and types of employees
- Current and projected revenue
- Business partnerships
- Insurance history and prior claims
- Commercial lease insurance requirements
Apply for free insurance quotes for personal trainers today.