Insurance Program Results
Shift in Fitness Market
Look for carriers to shift their focus on the fitness industry to target more independent contractors, specialized studios and all-in-one fitness clubs as midsized gyms disappear and yoga, CrossFit and cycling studios pop up in their place. The increase in studios will demand more professionals trained in specific regimes, such as yoga instructors and personal trainers, who generally operate as contractors and need insurance that travels with them from facility to facility. The Department of Labor’s initiative to improve detection of misclassified workers will also generate more business as studios and health clubs must require that contracted employees obtain their own insurance. More regional carriers are also likely to start writing independent fitness and wellness coaches as they adopt one of the Mutual Service Office’s (MSO) latest business owners policy (BOP) endorsements.
The growing market of health and fitness professionals, specialized studios and general health clubs will present an opportunity for growth. It’s expected that demand for tailored fitness instruction will continue to grow as aging baby boomers seek out wellness programs, and personal trainers and group exercise are more heavily promoted as a solution to the country’s increasing rate of obesity. (10-20-14)
Health, Fitness and Wellness
Administered By: Philadelphia Insurance
Distribution: Carrier Direct
| Industries: |
Fitness Professionals, Gyms/Fitness Facilities |
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Carriers: Philadelphia Insurance Co.
Coverage: Abuse & Molestation Liability, Auto Liability , Business Income/Extra Expense, Crime, Employee Benefits Liability, Excess, Fidelity, General Liability, Liquor Liability, Personal Property, Professional Liability, Umbrella/Excess
Limits: $1 million - $3 million (Liability ), up to $10,000 (Property )
Miscellaneous Medical (Small Business/Private Enterprise)
Administered By: Beazley
Distribution: Direct/Broker
| Industries: |
Acupuncturist, Adult Day Care, Allied Health, Audiologists, Behavioral/Mental Health Organizations, Dialysis Centers, Emergency Response Services (Ambulance), Fitness Professionals, Home Healthcare, Hospice, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Massage Therapy/Therapists, Medical Clinics/Infirmaries, Medical Labs, Mental Health/Behavioral (Counseling/Counselors), Nurses, Nurses (Visiting), Nutritionist/Dietitian, Occupational Therapist, Optometrists, Pharmacies, Psychologists, Social Services, Speech Therapy/Therapists, Substance Abuse Rehabilitation Facilities & Services, Therapy/Therapists |
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Carriers: Beazley Insurance Co. Inc.
Coverage: Cyber Liability, Employee Benefits Liability, General Liability, Privacy Liability/Notification Expense, Products Liability, Professional Liability
Limits: up to $11 million (Aggregate Limit), up to $1 million (Employee Benefits Liability), up to $1 million/$3 million (Professional/General Liability), up to $1 million (Privacy Liability), up to $1 million/$3 million (Products Liability)
FitnessPak
Administered By: Hanover Insurance Group
Distribution: Carrier Direct
| Industries: |
Fitness Professionals, Gyms/Fitness Facilities |
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Carriers: Hanover Insurance Group Inc.
Coverage: Boiler & Machinery, Business Income/Extra Expense, Earthquake Liability , Employee Benefits Liability, Employment Practices Liability (EPL), Errors & Omissions (E&O), Excess, Flood, General Liability, Liquor Liability, Non Owned Auto, Premises Liability, Products Liability, Professional Liability, Umbrella/Excess, Workers' Compensation
Limits: $1 million - $5 million
Fitness/Self Defence/ Martial Arts Instruction
Administered By: K&K Insurance
Distribution: MGU
| Industries: |
Fitness Professionals |
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Carriers: Nationwide Mutual Insurance Co.
Coverage: General Liability
Limits: up to $5 Million
Health & Fitness Clubs
Administered By: K&K Insurance
Distribution: MGU
| Industries: |
Fitness Professionals |
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Carriers: Nationwide Mutual Insurance Co.
Coverage: Business Personal Property/Business, Cancellation/Postponement , Commercial Auto, Crime, Excess, Garage Liability, Hired & Non-Owned Auto, Inland Marine, Workers' Compensation
Limits: up to Contact Underwriting
Sports (Amateur)
Administered By: K&K Insurance
Distribution: MGU
| Industries: |
Athletes & Athletic Organizations, Fitness Professionals, Gyms/Fitness Facilities, Sports Facilities, Youth Services/Facilities, Youth Sports |
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Carriers: Nationwide Mutual Insurance Co.
Coverage: Abuse & Molestation Liability, Business Personal Property/Business, Commercial Auto, Crime, D&O: Miscellaneous , Excess, General Liability, Inland Marine
Limits: up to $5 Million
Allied & Miscellaneous Program
Administered By: PRA Mid-Continent Underwriters
Distribution: MGA
| Industries: |
Adult Day Care, Allied Health, Ambulatory Surgery Centers (ASCs), Audiologists, Behavioral/Mental Health Organizations, Counseling (Marriage & Family), Dialysis Centers, Emergency Medical Technicians (EMTs), Fitness Professionals, Freestanding Medical Facilities, Home Healthcare, Home Medical Equipment, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Massage Therapy/Therapists, Medical Clinics/Infirmaries, Medical Directors, Medical Labs, Mental Health/Behavioral (Counseling/Counselors), Non Emergency Transportation (Medical), Nurse Practitioners, Nurse/Staffing Registries, Nurses, Occupational Therapist, Opticians, Physical Therapists, Physician Assistants, Psychologists, Social Workers, Speech Therapy/Therapists, Substance Abuse Rehabilitation Facilities & Services |
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Carriers: ProAssurance Group
Coverage: Abuse & Molestation Liability, Employee Benefits Liability, General Liability, Hired & Non-Owned Auto, Professional Liability
Limits: up to $5 million/$7 million (Primary Limits)
Sports & Fitness Program
Administered By: Sports & Fitness Insurance Corp.
Distribution: Program Administrator
| Industries: |
Fitness Professionals, Workers Compensation |
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Carriers: Liberty Mutual Group, Lloyd's of London
Coverage: Excess, General Liability, Professional Liability, Property, Surety, Umbrella/Excess, Workers' Compensation
Limits: - - No limit on property, Up to - $2 Million (Capacity), Up to - $4 Million (General liability)
Allied Health
Administered By: Allied Professionals Insurance
Distribution: Direct/Broker
| Industries: |
Acupuncturist, Allied Health, Alternative Medicine, Chiropractors, Fitness Professionals, Massage Therapy/Therapists, Nutritionist/Dietitian, Physical Therapists |
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Carriers: Allied Professionals Insurance Co., a RRG
Coverage: General Liability, Professional Liability
Limits: up to $2 Million/$6 million
Allied Healthcare
Administered By: Hiscox USA
Distribution: Carrier Direct
| Industries: |
Acupuncturist, Adoption/Foster Services & Facilities, Adult Day Care, Allied Health, Assisted Living Facilities, Audiologists, Body Piercing/Tattoo Parlors, Chiropractors, Cosmetic Surgeons/Aesthetic Professionals, Dental Hygienists, Dialysis Centers, Emergency Response Services (Ambulance), Fitness Professionals, Home Healthcare, Hospice, Laboratories, Medical Clinics/Infirmaries, Medical Directors, Medispas, Mental Health/Behavioral (Counseling/Counselors), Nurse Practitioners, Nurse/Staffing Registries, Nurses, Nutritionist/Dietitian, Occupational Therapist, Opticians, Pharmacies, Pharmacists, Physical Therapists, Psychiatric Facilities/Hospitals, Psychologists, Research/Research Organizations (Clinical, Etc.), Speech Therapy/Therapists, Substance Abuse Rehabilitation Facilities & Services, Therapy/Therapists, Urgent Care, Veterinarians/Veterinary Risks, Weight Loss Clinics |
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Carriers: Hiscox Insurance Co. Inc.
Coverage: Abuse & Molestation Liability, Crime, Cyber Liability, Excess, General Liability, Privacy Liability/Notification Expense, Professional Liability, Umbrella/Excess
Limits: up to $10,000,000
Allied Healthcare
Administered By: Greenhill Insurance Services
Distribution: MGU
| Industries: |
Acupuncturist, Adult Day Care, Allied Health, Ambulatory Surgery Centers (ASCs), Audiologists, Behavioral/Mental Health Organizations, Consultants/Consulting Risks, Counseling (Marriage & Family), Dialysis Centers, Emergency Response Services (Ambulance), Fitness Professionals, Gyms/Fitness Facilities, Home Healthcare, Home Medical Equipment, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Massage Therapy/Therapists, Medical Clinics/Infirmaries, Medical Directors, Medical Labs, Mental Health/Behavioral (Counseling/Counselors), Nurse Practitioners, Nurses, Occupational Therapist, Opticians, Optometrists, Pharmacies, Physical Therapists, Physician Assistants, Psychologists, Speech Therapy/Therapists, Substance Abuse Rehabilitation Facilities & Services |
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Carriers: Lloyd's of London
Coverage: Abuse & Molestation Liability, Employee Benefits Liability, General Liability, Hired & Non-Owned Auto, Professional Liability
Limits: up to $1 million/$3 million (Sexual Abuse), up to $1 million/$3 million (Hired & Non-Owned Auto), up to $2 million/$4 million (Primary Limits)
Fitness Professionals
Administered By: HPSO (AON Affinity)
Distribution: Program Administrator
| Industries: |
Allied Health, Fitness Professionals |
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Carriers: CNA Insurance Cos
Coverage: Professional Liability
Limits: $1,000,000 Per Claim - $3,000,000 Aggregate (Professional Liability)
General Liability
Administered By: Nautilus Insurance
Distribution: Carrier Direct
| Industries: |
Day Care (Child or Adult), Events and Event Planners, Fitness Professionals, Lessors Risk, Retail (Convenience Store), Small Businesses, Tanning Salons, Vacant Property |
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Carriers: Nautilus Insurance Co.
Coverage: Cyber Liability, General Liability
Limits: up to $5 million