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How much does gym insurance cost?

The total insurance cost can still be more than $10,000 annually. Note that the cost of workers’ compensation insurance is calculated using a formula that includes your business’ industry, claims history, and number of employees. The price can vary significantly even within the same industry. Multiple factors affect gym insurance costs.

What are the different types of gym insurance coverage?

However, some common types of gym insurance coverage include general liability insurance, professional liability insurance, property insurance, workers’ compensation insurance, and cyber liability insurance.

How much does general liability for a gym cost?

While costs can vary, general liability for a gym ranges from approximately $200 to $4,900 a year. Since a gym or health club may require many different policies, seeking a professional to help determine your business’ coverage needs makes sense.

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