How Insurance Protection Can Assist Gym Owners

Increasingly people are focused on their health, diets, and maintaining and toning their bodies. The fitness industry is booming, and gym memberships are rising. Along with this increase in cash flow, however, comes an increase in risk. Just because you're focused on a good workout doesn't mean you want someone to work money out of your wallet. You need to be physically and financially fit as a business owner, and part of this process is owning insurance.

Why do gyms need insurance?

Gym owners have more risk than almost any other business type because people are engaged in strenuous exercise on your property. Gym insurance is business insurance that covers the specific and often unique needs of fitness owners. While gym insurance covers the associated costs of injuries and lawsuits, you will also need coverage against damages to equipment or claims of negligence. It only makes sense to work with someone experienced in the insurance industry who can guide you through exactly what you need to be fully covered. There are, however, many types of insurance and coverages you'll want to keep in mind as you make your decision.

Why do you need liability insurance that covers you and your business?

Fitness facilities, by law, are required to purchase liability insurance. NEXOFit has insured over 10,000 happy clients in the country who are better protected under our service. We offer a completely online process to make purchasing insurance faster and easier than ever, and the policy ensures you have complete protection from legal issues. We are experts in reviewing your business contracts and then customizing an insurance solution tailored toward the specific needs of your business and is a good fit for you—and we will provide the analysis for free. What we offer:

• Insurance specific to the operation of your facility: Every fitness business is slightly different. We'll craft an insurance solution perfect for your business.
• We use our clients' size and power to ensure lower rates for you There is an advantage to being a business that focuses on insuring one industry. We know exactly what needs to be done and can use our business's size to ensure you have lower rates.
• We offer complete protection tailored to the fitness community's needs: As we cater to your industry, we understand the fitness community's exact needs and problems. We will ensure that our insurance coverage protects you from any pitfalls.
• We make getting insurance easy: We understand that you need to focus on your business concerns. Our online insurance purchasing makes getting insurance fast and easy at a fair price.

Why do you need equipment protection for your gym?

Property insurances are not all created equally. Our policy is specially crafted to cover your flooring from water damage and your landlord's windows if they're damaged by any of the fitness equipment in your business. NEXOFit is the only company that designs property insurance policies specifically for fitness facilities and tailored to their particular needs. Take your equipment anywhere—it's covered. We also offer:

• Seamless integration with all other insurances: Your property insurance and liability insurance will work together to prevent any gaps in your coverage.
• Protection for fragile materials: Accidents happen, and if your equipment breaks a window, we will cover it.
• Protection from lost revenue due to sudden closure: If 2020 has taught us anything, changes can come quickly if you are forced to close due to a circumstance covered in your policy, we will reimburse you for your lost revenue.
• Theft coverage is included: Fitness centers, sadly, are popular targets for thieves. Our insurance policy will cover your property in case of a robbery.

How do we help you with workers' compensation?

Workers' compensation has become a growing concern for fitness organizations just to be met with continually rising prices and unmanageable annual audit premiums. NEXOFit has solved this issue with pay-as-you-go premiums. We'll also guide you through the administrative work of audits, show you how to fill out the complex required paperwork, and assist with all insurance companies.

If you're interested in connecting your Workers' Compensation policy with your payroll service please view NEXOSync. NEXOSync is a unique service to the fitness community, allowing you to handle your payroll, workers' compensation, employer taxes, 401K, and benefits package– all in one easy-to-understand billing statement. You can provide your staff with an employee benefits package that rivals Fortune 500 companies and simplify your operating costs simultaneously. NEXOSync offers:

• Pay-as-you-go payments: You don't have to worry about out of control annual premium. Our pay-as-you-go premium service makes it easier to budget for your workers' compensation payments.
• Access to the most important carriers: We work with the best carriers in the industry to guarantee you the best benefits.
• Navigating through organizational burdens: We will help you cut through the red tape and ease any organizational problems.
• Combining our fitness facility clients for lower rates: We use our size to your advantage negotiating lower rates for you.

How do we help with employee practices?

It is becoming increasingly challenging in managing employment issues. Whether you face allegations of discrimination, wrongful termination, or sexual harassment, we have experience navigating our clients through these claims. These claims are expensive and are not covered by General Liability Insurance. At NEXOFit, you can stay ahead of these issues with background checks for only $19.50 each. Additionally, we offer employment practices insurance that can help in these situations. We offer:

• Coverage for any discrimination or harassment claims: The larger your business, the more vulnerable you are to these claims. We can navigate these troubling situations for you.
• We will support the business decisions you need to make: You have someone watching your back for the business decisions you need to make.
• The financial backing of important insurers to the fitness community: We have contacts in the financial community that understand your businesses' concerns.
• Background checks for any new staff: We'll ensure the people you hire are the quality employees you'd want working for you.

How do we help with special event insurance?

Planning a special event for your athletes can be a stressful time. Between the need to plan the event and manage your normal business operations, it may appear impossible to get everything done. We understand the challenges and have designed our process entirely online. We offer same-day certificate issuance. We'll aide with your event not give you more hurdles. We offer:

• Getting your insurance digitally: Everything is done online, saving you time and money.
• Insurance tailored to the wellness community: We understand your community and tailor our coverage to you.
• Access to a knowledgeable special event staff: You'll have access to staff who have experience with special events.
• Timely contact: We know your time is valuable, so we'll get back to you in one business day.

We understand your needs and are the premier insurance provider for the fitness community. If you need any insurance help, call us at