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[...]

Unless you have been hiding under a rock for the past month, you are aware that Texas was hit with an expansive winter storm, covering the entire state in snow, and setting record-low temperatures. Inadequate winter infrastructure and frozen pipes resulted in not only a lack of running water, but also burst pipes and water damage. Yikes!

Due to the[...]

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[...]

One of the most important things you can do to protect your business is purchase liability insurance as a gym owner. Liability insurance protects the property, owner, client, and employee level. However, most insurance companies will want to see a copy of your business license before purchasing liability insurance at the customer level.

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[...]

A professional employer organization (PEO) can be a valuable tool for gym owners that are searching for ways to save money, especially during a year when nearly every small business is struggling financially. Working extensively with the right PEO can save your gym thousands of dollars each year. At NEXOFit, we are proud to assist a wide variety of gym[...]

You’ve just purchased insurance for your gym. You trust your insurance agent and have no issues signing on the dotted line without reading all the fine print (there is a lot of it…). Great!

Owning a gym is a rewarding opportunity and great for entrepreneurs everywhere. Not only are you offering a location for your members to build and maintain good health, but you are generating a business that you want to be successful financially.

When you are developing a gym business plan, you must outline the following areas of your gym so that when[...]