Whether you teach private yoga classes, work as a personal trainer in multiple gyms, or host weekly Zumba classes at a community center, you face hundreds of risks each day. That’s why you have liability insurance!
Now it’s one thing to buy insurance, and it’s another to understand it. When you know what you’re covered for, you can ensure you are better prepared against possible risks you face.
Today we are going to break down the ins and outs of the Insurance Canopy fitness instructor liability insurance policy.
| If you... | You risk... | That's covered with... |
|---|---|---|
|
1. Work with clients or classes |
1. Trips, slips, and falls in your training space |
1. General Liability (Public Liability) |
|
2. Give professional instructions to students |
2. Accidents that result in bills or lawsuits |
2. Professional Liability (Malpractice Insurance) |
|
3. Provide health or exercise services |
3. Injuries that require medical attention |
3. Medical Expense Coverage |
|
4. Train in a space you rent |
4. Property damage you have to pay for |
4. Damage to Rented Premises |
|
5. Use your own equipment or film online sessions |
5. Having your gear stolen or damaged |
5. Gear & Equipment Coverage (Inland Marine) |
|
6. Take online payments or keep digital client records |
6. Losing online funds and identity theft |
6. Cyber Liability Insurance |
|
7. Advertise your services |
7. Copyright infringement and lawsuits |
7. Personal & Advertising Injury |
|
8. Offer diet or nutrition advice |
8. Allergic reactions or unsatisfied clients |
8. Diet & Nutrition Coverage |
When looking at some of the details of your coverage, you may notice the terms aggregate and occurrence. These determine how much of a payout you may receive for a claim.
Aggregate: The total amount the insurance carrier will pay for all claims submitted during your policy period (the time between the start and end date on your policy).
Each Occurrence: Also known as per occurrence, this is the maximum amount the insurance carrier will pay on each approved claim you make.
These limits help you from maxing out on all of your insurance coverage with a single claim. It gives you a cushion of coverage in case you need to file another claim later on.
When you see each occurrence limit on an insurance policy, the number is typically lower than the aggregate limit. $2,000,000 / $3,000,000 means the insurance carrier will only pay up to three million total for all claims combined in one policy period, and up to two million on each claim you make during that time until you hit the three million limit.
