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Gym Types and the Insurance They Require

Gym Types and the Insurance They Require

As a gym owner or manager, you want to protect your business and ensure the safety of your staff and members. There are a variety of different types of gyms, and all of them need insurance. However, they don't all need the same types of insurance.

It can be confusing when you already have so many items on your to-do list to try and determine the type[...]

Gym Insurance Guide to Hurricane Season

Gym Insurance Guide to Hurricane Season

As late summer and early fall arrive, there's always the possibility of a tropical storm or a hurricane as hurricane season ramps up. A hurricane can bring wind gusts of up to 156 mph or more, depending on the category of the storm. Once the storm passes or if it stalls out over your area, you can have flooding. If you live in a coastal area or a[...]

Three Types of Workers' Compensation Insurance Gym Owners Should Consider

Three Types of Workers' Compensation Insurance Gym Owners Should Consider

When you own or manage a gym, you're in charge of making the most important decisions. From hiring new staff to what equipment to install, you need to handle it all. This includes insurance policies. 

How 24 Hour Gyms Differ When It Comes to Insurance

How 24 Hour Gyms Differ When It Comes to Insurance

When you own or manage a gym, you know that you need liability insurance at a bare minimum. A 24-hour gym also needs insurance but faces additional challenges. You probably opened a 24-hour gym to attract more customers and accommodate your customer base that doesn't work a traditional schedule. 

What to Look for in Gym Employees

What to Look for in Gym Employees

Your employees are a crucial aspect of your gym. They are the face of the brand when interacting with your clients. They also determine how well the gym runs, from keeping everything clean to helping gym members perfect their exercises and everything in-between. As such, they should be perfect in their roles.

5 Legal Concerns for Gym Business Owners

5 Legal Concerns for Gym Business Owners

The legal concerns for any business are never-ending. For a gym owner, the list of considerations can be even more daunting. From employee safety to injury liability, there's a lot that can go wrong. With many new gyms opening and more people working to maintain their health, it's important to be aware of any legal concerns affecting your business.

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Gym Business Growth Expected Beyond 2024

Gym Business Growth Expected Beyond 2024

The COVID-19 pandemic's effects have been detrimental to the fitness industry. The latest report by the International Health, Racquet & Sports Club Association (IHRSA) shows that the industry lost approximately 50% of its revenue. Many gyms also shut their doors, some never to reopen.

Why Members Leave Gyms and How You Can Get Them to Stay

Why Members Leave Gyms and How You Can Get Them to Stay

Losing clients is a common occurrence for gyms and fitness studios. Research by Preventive Medicine Reports shows that about 50% of new gym members quit within three months after signing up. However, this doesn't make losing a client any easier. 

How Gym Business Owners Save Big on Gym Equipment

How Gym Business Owners Save Big on Gym Equipment

As a gym business owner, the costs of owning a gym can be endless. Everything from rent, utility bills, certifications, licenses, insurance, and staff salaries can take a major toll on your finances. Worse yet, this list does not even cover half of the required fees.

Potential Tax Savings With Gym Equipment Financing

Potential Tax Savings With Gym Equipment Financing

As a gym owner or manager, you always spend a lot of time thinking about the amount of money have to spend. It seems like there is always a bill due. You need to pay rent, utilities, staff members, insurance, and the list goes on. You probably have a list of new gym equipment that you'd like to purchase, but you hesitate to spend the money.