You can save money when operating your gym many different ways. One of the most notable is through a professional employer organization (PEO). The best way to understand how it can save you money when operating your gym is through understanding what a PEO is, its pros, and its cons.
CrossFit is all the latest fitness rage. People of all ages and backgrounds are looking to get in shape, and are hitting gyms to do that. If you're interested in getting in on the action by opening your own gym, you might not know where to start. Sure, you'll need equipment and a cool name, but what else? Have you considered what type of insurance[...]
As the owner of a small to mid-size gym, you likely work tirelessly to achieve your revenue goals while providing customers with a safe environment to meet their fitness goals. A growing number of gym owners are discovering the key role a PEO can play in achieving both of these objectives. Below is a look at PEOs and five key reasons why gym owners[...]
Any fitness facility knows there is a certain level of physical risk that goes into owning a gym. However, if a trainer at your facility develops a muscle strain, a torn ACL, or even a work-related back injury, it could mean that your business will end up paying their medical bills. That is why workers' compensation insurance is so vital for not[...]
The frustration and stress of modern HR functions have resulted in the increased use of outsourcing solutions. But one is incredibly valuable to small employers like gym owners: Professional Employer Organization (PEO).
Over the last three years our team has obsessed over a solution to a perplexing problem. How do we provide Health Insurance to gym owners and their trainers? We discussed internally various options that could solve the challenge, but they fell short of solving our insurance issues completely. Enter NEXOSync – a solution that allows gyms to provide[...]
As we discussed in this post and this post, Workers’ Compensation is fun!... or not because SURPRISE! You’ve been hit with a $10,000 premium audit for your most recent policy term! This is why you need Workers' Compensation.
CrossFit, the elite fitness program may take different shapes at different fitness facilities, but there is a constant—the need for appropriate insurance. If you’re opening a CrossFit gym, or if you’re looking to integrate it into your services, it’s important to think about all the considerations and risks to make sure you have the proper insurance[...]
Workers’ Compensation is a confusing monster. There are state and federal regulations to contend with and no one really knows what they need. Then there is price to deal with and annual audits... We are here to help clear some of these issues up for you, offer suggestions, and a solution!