ABOUT INSURANCE COVERAGE
Which Coverages are Right for You?
General liability insurance policies typically cover you and your company for claims involving bodily injuries and property damage resulting from your products, services or operations. It may also cover you if you are held liable for damages to your landlord's property.
Property insurance covers your gym's property against perils such as fire, lightning, vandalism, theft, and more. With property insurance, you can add coverage for buildings you own, tenant improvements on rented properties, business personal property, business income coverage, equipment breakdown, and more.
Umbrella or Excess Insurance
Umbrella insurance provides additional liability coverage, above the limits of your other policies such as general liability, auto, or professional insurance. Umbrella insurance was designed to help protect your company's assets from major claims or lawsuits.
Professional Liability Insurance
Professional liability insurance is a type of business insurance that provides coverage for professionals and businesses to protect against claims of negligence from clients or customers. Professional liability insurance typically covers negligence, copyright infringement, personal injury, and more.
Abuse & Molestation Insurance
Simply put, Abuse Liability coverage is protection for companies and organizations regarding claims of abuse of people either under their care or responsibility. Abuse claims, whether true or false, can cause bad publicity for a company or organization.
Employment Practices Liability Insurance
Employment Practices Liability Insurance (EPLI) is a type of liability insurance that covers wrongful acts arising from the employment process. The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, and retaliation.
Workers Compensation Insurance
Workers' compensation insurance is a type of business insurance that provides benefits to employees who suffer work-related injuries or illnesses. Specifically, this insurance helps pay for medical care, wages from lost work time and more. In certain states, insurance is only available directly from the state. Ohio, Wyoming, Washington, and North Dakota prohibit the sale of workers compensation insurance by private insurers.
Employer's Liability Insurance
Employers' liability insurance is an insurance policy that handles claims from workers who have suffered a job-related injury or illness not covered by workers' compensation. A type of liability insurance, it can be packaged with workers' compensation to further protect companies against the costs associated with workplace injuries, illnesses, and deaths.
Cyber Liability Insurance
Cyber liability insurance protects small businesses from the high costs of a data breach or malicious software attack. It covers expenses such as customer notification, credit monitoring, legal fees, and fines. Cyberattacks and data breaches are expensive and increasingly common. Small businesses often have weak cybersecurity, which makes them an attractive target. 60% of small businesses go under within six months of a cyberattack. Cyber insurance coverage can pay for credit monitoring, attorney's fees, fines, and other costly expenses.