Typical pricing ranges for gyms, studios, and training facilities.
Learn what actually affects your rate.
Gym Insurance+ offers customized gym liability insurance that's tailored to your unique gym. Almost half of our customers pay less than $99/month and 77% of our customers pay under $150/month. Here is the breakdown of what other gym owners like you pay for this type of coverage:
A number of factors can determine how much you pay for your gym's liability and property insurance. We breakdown the different ways your gym's insurance premiums are calculated. We hope this resource helps you figure out the coverage you need for your gym without overpaying.
Certain types of training carry higher risks for injuries and therefore claims. Sports with sparring or contact-style exercises (e.g. jiu jitsu), or where the member is elevated off the floor (e.g. aerial yoga) will carry higher liability premium rates.
When you request your insurance quote from us, we'll ask what kind of gym you own. Pick the closest match to make sure your policy covers your gym activities completely, and if you're not sure, just ask! Our gym insurance packages are designed for your specific gym type to make it easy to get the right coverage for your business. For more niche types of training not automatically included, you'll be able to add these on for an additional cost.
While not specifically training, it's also important to insure your liability for any amenities you've added to your gym services. Tanning beds are surging in popularity again, and you can add coverage for these to your policy for a surcharge. Certain amenities, such as cold plunge pools and infrared saunas, are included at no extra charge.
Childcare is another popular gym amenity that can be confusing and hard to find information on whether it's covered or excluded. Some insurers may have more strict exclusions, but on our policies, we want to know whether you're running a licensed daycares or simply offering a childcare service.
When looking at your total insurable business size, we look at these three things: 1) revenue; 2) location sq. ft. size; 3) cost to replace your gym's equipment.
Your revenue helps us get an understanding of the number of gym members and the level of liability risks you have, without us needing to ask you to keep us updated on every new member you add or lose. Even though it might be tempting to put a lower number here and save more on your premium, you should try to be as accurate as possible. The revenue you tell us in your application is the insurable amount we cover for your business and directly impacts how much we'll pay you in the event that you need to file a claim. It's important that your insurance covers your entire business to get the most benefits from your policy!
We ask for your gym's square footage because it's a fast and surprisingly accurate proxy for determining your overall risk level. Bigger spaces usually mean more people, more equipment, and more ways that something can go wrong.
The value of the equipment inside your gym is important for calculating your Business Personal Property policy premiums. Make sure to include the replacement costs for everything you've bought for the gym, such as mirrors, computers, lockers, flooring, swag, as well as your gym equipment.
Having a gym open 24-hours comes with some additional risks. Your members will be unsupervised, so you'll want to make sure you're covered for liability claims that might arise from injuries or other claims during these after-hours sweat sessions. You'll also want to make sure your equipment is insured from any damage that might arise during these off-hours. We've made it simple to add 24-hour coverage to your policy for an extra 15% add-on to your policy's premium.
Location is a big factor in your insurance cost for Business Personal Property policies. If you're in an area with a higher risk of natural disasters, your premiums will likely be higher than gyms in less disaster-prone areas. In especially high-risk areas, such as a coastal regions prone to hurricanes, you may even find that you need to purchase your Property insurance from a state-run provider.
Most states (only Texas is exempt) have laws requiring businesses with W2 employees to have workers' compensation insurance once you have over a certain number of employees. Some states, such as California, extend this workers' comp insurance requirement to your gym if you have 1099 contractors on your payroll.
If you've ever had a large insurance claim, you may have seen your insurance renewal rates increase the next year. When applying for a new policy, most insurance providers will ask if you have had prior claims. Even though it can affect your rate, it's important to be honest here, as future claims can be denied if you're ever found to have entered inaccurate information on your application. Fortunately, not all claims are viewed the same by insurance providers and exceptions can be made. You can always ask an insurer to review your application when you provide more information on your past claims and what happened.
Even if you've never had a claim, you can (and should) take steps to prevent future claims, even if these steps aren't explicitly requested by your insurance company. Small changes can make a big difference.
Some examples of good gym business practices include: Implement regular equipment checks and document these inspections; Add extra fire extinguishers and fire blankets around your gym; and Clean bathroom floors before or after opening hours so they have time to dry before members arrive.
When you're comparing quotes for your gym's insurance policy, insurance companies may give you options to choose higher or lower limits on your policy. This decision is really up to you - higher limits on your insurance policies will cost you more. If you're not sure, a safe bet is to have $1M per occurrence and $3M aggregate for your general liability policy and $1M for your professional liability policy.
You might also have required minimum limits from your landlord or affiliate governing body, so make sure you double check your contracts before you make your final decision on your insurance limits.
If you buy all of your insurance through one provider, they'll often be able to give you a discount on the bundled package. It's usually a good idea to buy your General Liability and Professional Liability policies together. We offer this as a bundled Gym Liability insurance package. If you're buying Business Personal Property, or Property, insurance, then you can also usually save even more on this policy by buying it together with your liability package.
Here is an overview of what other gym owners like you should expect to pay for their gym insurance policy:
$95
$115
$95
$130
$230
Understanding insurance costs and trying to figure out if you're getting a good deal or not can seem daunting and, frankly, frustrating. You're answering questions about your business and seeing the price go up for each new piece of information you share. Or, even worse, you're being told that your gym can't be covered because of this or that thing you're doing.
We can't guarantee you'll avoid every frustrating insurance interaction out there, but we can help by offering an alternative: An insurance policy that's good and built to cover your specific gym, from an insurance company that's run by people who are fellow gym owners and who genuinely want to see you succeed.
In their quest to save a few dollars on their insurance, some of the biggest mistakes we see gym owners make are when they decide to skip Property coverage, accept a strict requirement that waivers must be collected from every member, or hope they're getting a better deal because they're paying a membership or brokerage fee.
If you're seeing lower prices somewhere else, we can help you understand how to compare other quotes with ours. We're here to support your business - and we'll genuinely celebrate if you're finding great insurance for an even better price than we can offer. That's our promise to you.
The most common reason we see quote prices varying so much is that you're getting a quote for something different from each insurer. Prices will vary based on what you're buying. It's very common that we see gym owners who think they're saving money with one provider vs. another, but they're actually buying less insurance (often skipping property coverage), or have much lower limits. It's essential that you learn to compare your quotes correctly, or feel comfortable reaching out to us to ask us to help with this comparison. -> Contact us for help comparing quotes
Yes, if you have 24-hour gym liability coverage on your insurance policy, then your policy will cost 15% more than without 24-hour access. -> Learn more about 24-hour gym insurance
While waivers won't directly lower your insurance costs, requiring your members to sign a waiver helps create a safer gym environment and culture. Safer gyms have less claims, and fewer claims will keep your gym insurance costs down. -> Learn more about Gym Waivers
Yes, most providers add a service charge or financing fee to monthly payments. If you're able to pay your entire annual premium up front, you can often save 5% or more.
Paying by credit card incurs additional processing fees for the insurer, which they typically pass along to you. It's a good idea to compare total costs if you have the option to pay be credit card or ACH. Ultimately, it's up to you. You might decide you prefer to pay by credit card if you have a good cash back or rewards benefit from your card provider.
ACH payments, or Automated Clearing House payments, are direct debits from your bank account. Think of it like paying with a digital check. ACH payments don't have the same processing fees as credit cards, so they usually cost less overall.
Don't let high costs or inadequate coverage hold your gym back. Protect your business and your students with insurance built for you.