You can assume that gym insurance only covers self-employed personal trainers and fitness instructors, but it just isn’t. From protecting your equipment to avoiding sports injuries, there are several reasons you should consider getting insured for yourself and your belongings.
With the insights of John Woosey, Managing Director and Founder of Insure4Sport, here are three scenarios in which you would be grateful that you took out this insurance policy.
1. If your equipment is lost, damaged or stolen
If you are a serious and regular athlete, you likely have some specialized exercise equipment that you take with you to the gym. From state-of-the-art fitness trackers to all the workout accessories you need to get a full body workout before you know it, you can accumulate thousands of pounds of equipment.
Hundreds of people walk in and out of the gym every day, which leaves plenty of scope for equipment that can be lost or damaged. It doesn̵
It’s not just the gym itself that is at risk. Anytime you drive your equipment to and from a fitness center, you should think about the security of your vehicle and the possibility of break-in. If you don’t have proper coverage, you’ll have to pay to replace stolen items.
“That’s why gym member insurance pays off,” says Woosey. “It allows you to get repairs or replacements if your equipment is stolen and damaged, and helps you keep working out at the gym with minimal interruption.”
2. If you injure yourself while exercising
Even if you take the necessary precautions while exercising at the gym – stretching to make sure you do the exercises safely – injuries can occur.
Woosey notes that injury can have a tremendous impact on your life and finances. “Whether it’s a back injury, a knee injury, or a stress fracture of the foot, your injury can be severe enough to prevent you from working. Having a job that requires you to be on your feet all day can result in a loss of income if you cannot work for long periods of time. “
Personal accident insurance can help you in a potentially very difficult situation. Woosey explains, “This reimburses you for broken bones, vision loss, dental work, hospitalization and physical therapy as a result of an injury you sustained in the gym. For example, if you run on the treadmill and have a misstep and seriously injure your ankle. In this scenario, you may be advised not to work for a while, depending on your day job. “
Insure4Sport’s Personal Accident offering covers all of these injuries as well as accidental death, permanent disability and loss of limbs. There is also loss of income coverage to help you financially if you are long-term incapacitated.
3. If you accidentally injure someone else or their equipment
Whether you exercise as part of a group or in close proximity to other members of the gym, you will likely be sharing space and equipment with other people in your gym. All you have to do is let go of a heavy dumbbell, kettlebell, or weight plate and you could injure someone and they can ask you later if their injuries are serious. Then there is a risk of damaging the venue or the equipment you are using – something that is surprisingly simple when using heavy and complex pieces of equipment. Putting a lot of weight on the new gym floor can create an expensive problem.
Woosey recommends getting insurance that covers all of the basics. “That’s why you need public liability as part of your gym membership. This protects your legal responsibility if a claim is made against you for injury to another gym member or for property damage to third parties. “
Insure4Sport member insurance offers a number of options to suit your needs. You can choose from up to £ 50,000 of sports equipment protection, with a maximum value for one
Items from £ 2,500, personal accident coverage up to £ 50,000, loss of income coverage up to £ 750 per week for up to 52 weeks, and liability insurance up to £ 1m, £ 2m, £ 5m or 5 GBP 10 million.
Click here and select the Players & Participants option to receive an offer with Insure4Sport. You can get coverage for as little as £ 12.74 a year when you buy today. *
* Price based on £ 1m liability insurance with an introductory discount of 25%.