Insurance Advisernet

Active Insurance Solutions Pty Ltd is a Corporate Authorised Representative of Insurance Advisernet Australia Pty Ltd. AFSL No. 240549
Corporate Authorised Representative No. 421396 Visit the Insurance Advisernet website

Articles

Insurance for 24 Hours

fitness-insurance-24-hours

The 24 hour gym has become one of the most popular gym options. With our increasingly busy lifestyles, finding the time to exercise isn’t always easy. As the demand for 24 hour access or at least un-staffed hours, increases, so does the risks involved.

As a gym owner, how can you ensure you are covered 24 hours a day 7 says a week, especially when the gym is unattended by staff?

As an insurance requirement you must have these things installed and available for your clients:

  • CCTV needs to be installed and records kept for a minimum of 3 months
  • Swipe pass entry to record entry
  • Duress buttons installed or personal lanyards
  • Sensor lights at the front of the gym
  • 1hr assessment and suggested program before commencing 24 hr access. This includes instruction on how to use the equipment.
  • First Aid Equipment must be available
  • Equipment maintenance schedule
  • No cover on 24 hour gyms that open the swimming pool/sauna/spa areas for 24 hours
  • Sub-contractors need to have their own insurance of no less than $10,000,000 Liability and $5,000,000 Professional Indemnity
  • All instructors need to be accredited/qualified to conduct activities by a recognised training authority

With this list ticked off, you can know that you are doing everything you can for the safety of your clients and are meeting your insurance requirements and know you are covered if anything goes awry.

Active Insurance Solutions focus is on providing insurance to the specialised field of fitness.

Posted in Uncategorized

Business Interruption Insurance

business-interruption-insurance

Business Interruption Insurance

When setting up insurance for a new client, a common question asked is ‘what is business interruption cover? And do I really need it?’

Business interruption insurance covers the loss of income that your business suffers after a disaster such as a storm or fire occurs. Its purpose is to protect your gross profit and help you to pay your ongoing costs until your business in back up and running and generating the same gross profit as it was prior to the major disaster. The income loss covered may be due to disaster-related closing of the business facility or for the process of rebuilding after the disaster.

What is typically covered by Business Interruption insurance?

Profits – profits that would have been earned during the period of closure are based on prior months’ financial statements

Fixed costs – Also based on prior months financial statements, the operating expenses and other costs still being incurred by the property.

Temporary location – Some policies cover the added expenses of moving to and trading from an alternate, temporary, location while repairs are conducted.

Extra expenses – reimbursements for reasonable expenses that allow the business to continue operating while repairs are conducted.

Civil authority ingress/egress – government-mandated closure of business premises that directly causes loss of revenue. E.g. forced closure due to governments-issued curfews or street closure related to a covered event.

The coverage of Business Interruption extends until the end of the interrupted period, which is determined by the insurance policy. Most policies define this period as starting on the date of the disaster until the damaged property is physically repaired to operations and in the same condition that it was in prior to the disaster.

Every Business Interruption Policy is different. While the typical coverage listed above is generally true for most policies, you need to research and determine what policy and coverage best suits your needs. Business Interruption cover is a must for all businesses. The interruption to your income and trading following a major disaster can often have serious and ongoing financial implications for your business.

Ask yourself a question, can your business survive without any income?

Active Insurance Solutions specialises within the fitness industry, so contact us today to make sure the income from your gym, studio or fitness centre is protected in case of an unpredictable disaster.

Posted in Uncategorized

Liability and Your Gym – Why You Need Gym Liability Insurance

gym-liability-insurance

When you own a gym or a training studio the thought of losing all that you have worked for because of one mistake can be very stressing. A typical gym has a plethora of potential liability risks. Just think of the number of things that can go wrong in a fitness studio: someone could use equipment incorrectly; a weight could fall and cause injury; a fitness professional could inadequately explain to a client how to do an exercise safely resulting in injury.

Simply the act of exercise poses a lot of risks, especially when clients have injuries or weaknesses that they haven’t disclosed to gym staff. It is vital for gyms and fitness professionals to be hypervigilant of where a client’s responsibility ends and theirs begins. With the unpredictable nature of the industry, gyms and fitness professionals alike should be as informed as possible on the matter of negligence, and should seek the best coverage possible for public and professional liability.

A gym or fitness professional is liable to compensate clients injured in the course of fitness activities if they have been negligent in their service. Negligence is an offense and can include: giving the wrong advice or information and failure to comply with the standard of reasonable care expected from a provider of services. A breach of standard care is measured by whether the provider responded in a reasonable way to risks.

There are a lot of preventative measures that gyms should enforce such as: the gyms should be designed to avoid injuries to the greatest extent possible and be fitted with good and well maintained equipment. Signs indicating gym regulations, risks and giving instructions on how to use the gym equipment should be visible and at eye level, the gym should invest in slip-free flooring, all equipment should be commercial and not at-home-use, a strict cleaning schedule should be implemented and the gym should have emergency plans in place for unavoidable liability risks.

Unfortunately, even with all these preventative measures, injuries and claims still happen. Gyms and fitness professionals should obtain public liability and professional indemnity policies that cover a wide range of areas including products liability and personal injury liability. Fitness professionals that are employees at gyms are generally covered by their employer’s liability policy, but should endeavour to make sure they are covered adequately. However, contractors should have their own individual policy to protect themselves.

If you need advice on your gym liability insurance don’t hesitate to contact us today.

Frequent searches leading to this page

Gym Liability Insurance

Posted in Uncategorized

Gym Insurance Does it need to be specialised?

Personal_trainer_showing_a_client_how_to_exercise_the_right_way_and_educating_them_along_the_way

When you go to a fitness instructor or join a gym you go there with a goal in mind. To increase fitness lose weight, gain strength, look better, have success &  gain confidence.

All of this needs a plan, a goal to get the outcome you want. Some of us puddle around picking up weights throwing medicine balls maybe getting a strain here and there and may be loosing confidence as the results don’t follow as expected.

It may occur to us then to actually talk to a trainer or PT for some advice. Trainers and PT’s these day must have a minimum of Cert 3 in fitness this means they have studied and have the knowledge and specialist information to assist for you to have success. You discover there is much to know a lot to be aware of and a few traps you can fall into.

This happens in many areas of life and you discover this when you open a business too. The bank wants a business plan, the landlord wants contracts signed Staff want entitlements, equipment needs to be purchased. You are making a commitment financially, emotionally and personally it’s all on the line.  So is this a time to wing it and hope for the best or do you ask for advice?

Essential to opening a fitness business  is having Insurance.  The Fitness Industry has expanded like never before and will continue to do so. There are more varieties of gyms, classes ,equipment and clients than ever, so getting the right cover at the right price means you need to ask someone who knows the fitness industry, specializes in it. A specialist in their field like a PT or trainer that has studied and will get it right for you.

Posted in Why Gym Insurance Tagged with: , , , ,

How Active Insurance Solutions began.

Gavan_Burke

Hi I’m Gavan from Active Insurance Solutions.

About  ten years ago I saw the need to provide a personalised service to the Fitness Industry.

I knocked on the door of Fitness Victoria at the time and became known to a lot of the Fitness Victoria members; as a result we provided insurance to a lot of Victorian clubs to start with and as word spread we became known as a specialist fitness center insurer.

We have provided now a facility for many hundreds of clubs around the country, and as a result of that, word is getting out that we are the go to company to get a quote from for fitness insurance and to provide the ongoing service with not only the right policies and the benefits that the policies provide, but also with your claim service as well.

It’s an all-round service that we provide and we’d love to be able to assist you when your policy comes due for renewal.

Give us a call, I’m sure you’ll be most impressed.

 

Gavan Burke

Fitness Industry Insurance Specialist

Active Insurance Solutions.

 

Name
Company Name
State
Email
Phone
Mobile
Current Policy DUE Date
Comments
How did you find us
Captcha
Captcha
Posted in Our History Tagged with: , , ,

Get Advice

Gavan Burke
weights_are_you_insurance_fit

Insurers

Our Partners