As a studio or gym owner and operator, keeping your staff, members, and investment safe is a continuous priority for you. Whether it’s your landlord’s requirement, your own peace of mind, or a conscientious decision to ensure your business and bounce back from a loss, having insurance is key for business owners. Yet buying the proper insurance at the right price can be a difficult road to navigate. Do you purchase the highest limits for the most money? Or do you risk getting by with the bare minimum? The “bare minimum” can also mean different things: it can be buying the bare minimum in limits or buying limited coverage. Policies have different language and sometimes people buy insurance and later realize most claims aren't covered due to exclusions. These are business decisions that every owner is faced with, but you can minimize your exposure by working with the right broker to understand the coverage you’re buying.
