With interest rates at record lows, the time to invest in your business is now. For gym owners, few things are more valuable for attracting clients than new, top of the line equipment. While gym equipment can be expensive, dilapidated and worn equipment can create serious hurdles to attracting the level of business you need for success.
As a gym owner, it is crucial to understand that your gym's identity and success are often dependent on how you stock your gym. In fact, according to the IHRSA Health Club Consumer Report, eight of the top ten club attractions cited by gym members are equipment-related. That is why gym operators and owners need to realize how critical it is for them to[...]
What comes to your mind at the mention of the term insurance? For most people, it is about car insurance and personal medical insurance. What you may not know is that your business needs to be insured, as well.
If you thought you only needed medical and car insurance, you are wrong. Every time you have a special event or if you run a business, having an insurance cover is a must-have.
Whether you are preparing for an event to celebrate a milestone in your personal life, profession, or your athletes, it is advisable to have a unique insurance cover. It will[...]
As a gym owner or manager, you have a lot of decisions to make and people and property to take care of on a daily basis. One of the decisions you need to make is about the level and type of business insurance that you need. You don't want to overspend and get the coverage you don't need, but you don't want to come up short when something happens.
Running a gym is a dream job. You get to stay active and make money doing what you love, and you provide a service that makes customers feel great. The liability side of the business can feel a bit closer to a nightmare sometimes though. Gyms can be risky places even with the best safety policies in place. These risks threaten the people that make your[...]
Your top priority as a gym or fitness club owner is your gym members' wellness and health. You and your staff push your clients into becoming the best versions of themselves. However, can you say the same about your business, especially when it comes to insurance coverage?
There are, unfortunately, many risks involved in this line of business. It could[...]
Insuring your gym equipment and other assets is a sound business and risk management strategy. Insurance passes the risk of damage or loss to property and equipment from your gym to your insurance company. It gives you a safety net that helps reduce the financial impact of damage and loss of expensive fixed and movable equipment.
The law requires every[...]
As a gym, fitness, or health club owner, you face more risk than other businesses because your primary operations include engaging clients in strenuous exercise every day. While your top priority is your clients' health, wellness, and fitness, you also have the responsibility of taking care of your staff and business.
There are several unique risks[...]
Business insurance can be a source of apprehension for many gym owners. The additional costs of insurance coverage can add up quickly and be a significant portion of your monthly business expenses. However, in gym ownership, insurance cannot be considered a luxury. It is a vital component to ensure your business runs smoothly and is prepared for[...]