First-Time Applicant FAQs
You’ve worked hard to establish yourself as a fitness professional, but it only takes one incident to put all of that in jeopardy. Protecting yourself with liability fitness insurance can help you in the event you are ever sued for injury or damages.
We know fitness insurance can be confusing, so we’ve put together a few questions you may have as a first-time applicant.
What is Professional Liability Fitness Insurance?
Professional liability fitness insurance, commonly known as E&O (Errors & Omissions), covers the cost of certain legal fees, and settlements that you may face as a result of claims brought against you based on the advice or services you have provided.
What’s at risk?
Time. Regardless of guilt or innocence, legal proceedings can take months, if not years, to settle. A Professional Liability policy will help provide professional support so that you do not have to take time away from what matters most to deal with litigation.
Money. Even if you are absolved of any wrongdoing, defense costs can be significant. From discovery to settlement, legal fees may cost thousands, consuming your savings and racking up debt. With Professional Liability Fitness Insurance you can choose a limit that suits your needs to cover these expenses.
Reputation. In the professional landscape, your reputation can mean everything. By securing Professional Liability Fitness Insurance, you’re showing that you take your profession seriously and you stand ready to protect your good name.
Isn’t my employer’s coverage good enough?
Professional Liability coverage provided by employers like health clubs, homes, YMCAs, gyms, private clubs, etc., don’t provide enough insurance protection for you personally if you are defending yourself against a liability claim. Whether you’re employed, self-employed, work full-time or part-time, having your own Liability Fitness Insurance will give you personal protection against financial loss.
Common Insurance Terms
Premium. The amount that you pay on a regular basis to your insurer for your insurance coverage.
Limit. The maximum amount the insurance company will pay under a given policy.
Deductible. Portion of the insured loss (in dollars) paid by the policy holder. IDEA’s fitness and wellness liability insurance policies have no deductible.
Still have questions about fitness professional liability insurance? Contact us at 844.257.4079 or [email protected].