Learn about business insurance requirements and the most common policies for personal trainers in North Carolina.
Which policies are required for personal trainers in North Carolina?
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by personal trainers in North Carolina, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.
State law in North Carolina requires all small businesses that employ three or more workers to provide workers’ compensation insurance, which covers medical bills for work injuries. But even if you’re a sole proprietor, workers’ comp can make smart business sense.
What are the most common policies for personal trainers in North Carolina?
The most common policies for personal trainers in North Carolina 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 and guards against common third-party lawsuits, making it 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.
North Carolina workers' compensation
North Carolina state law requires workers’ compensation coverage for all small businesses that employ three or more workers. But even if you’re a sole proprietor, workers’ comp can make smart business sense. Even a relatively minor injury can keep a personal trainer out of work, which means lost wages in addition to medical bills. Workers’ comp can help with both these expenses.
Professional liability insurance
Professional liability insurance for personal trainers can cover legal expenses related to work mistakes, such as a client who claims your weight-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 North Carolina pay for business insurance?
According to an analysis of Insureon applications, personal trainers in North Carolina can expect to pay less for business insurance than personal trainers in other states.
General liability insurance costs a median premium of $350 for North Carolina personal trainers, the same as the national median. However, you’ll most likely pay less than the national median for a business owner’s policy, professional liability insurance, and workers’ compensation.
Save time and money with Insureon
Insureon’s industry-leading technology helps personal trainers in North Carolina 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 North Carolina 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.