Consider the following: When you reopen your gym’s doors in the upcoming days or weeks, you’re taking on a risk. Period. The virus isn’t gone, nor is it going away in the next few months. Worst case scenario, you have an outbreak at your gym, people become sick or worse, and your reputation gets tarnished. […]
Author: Eric Reingen
An important aspect of being a successful fitness or gym business owner is considering every potential risk that can impact member safety and ultimately, your facility’s reputation and operations and implementing measures to reduce them. Anything that affects guest and trainer safety, or the gym and its equipment ultimately impact the owner. To make it […]
If you’ve spent years learning a particular martial art discipline, you might begin to think about opening a business and sharing your knowledge with others. But what does it take to get a license in martial arts? The truth is that there are multiple types of martial arts, and you might not need a license […]
As we discussed in some of our previous blog posts[1], Workers’ Compensation is fun!… or not because SURPRISE! You’ve been hit with a $10,000 premium audit for your most recent policy term! We wish we were kidding when we say that this happens, but we aren’t. For anyone that has had ever dealt with a […]
Workers’ Compensation is a confusing monster. There are state and federal regulations to contend with and no one really knows what they need. Then there is price to deal with and annual audits… We are here to help clear some of these issues up for you, offer suggestions, and a solution! What is Workers’ Compensation? […]
No, we aren’t talking about having FOMO for not being invited to that virtual party your neighbor hosted last weekend. We are talking about Workers’ Compensation insurance instead! Aren’t you excited!?! But really, although it seems as simple as choosing to be included in coverage, it is not and we are going to have a […]
Since March of this year when COVID-19 became a stark reality, things have been changing rapidly and many times without warning. Business owners have been doing all they can to adapt and keep their businesses running. Like so many others, gyms were forced to temporarily close due to the pandemic and owners had to come […]
There is a lot of confusion on how to legally classify an individual who is working for you with regards to Workers’ Compensation. Are they a W-2 employee or a 10-99 contractor? Every state has a different definition of how to classify an employee or contractor and the way you classify them for tax purposes […]
The key to any good insurance plan is to make sure you get a plan that is the right fit for your business. You need to have the proper insurance you’re legally required to hold, enough coverage to protect your needs, but you don’t want to pay high cost premiums for factors that don’t apply […]
Over the last three years our team has obsessed over a solution to a perplexing problem. How do we provide Health Insurance to gym owners and their trainers? We discussed internally various options that could solve the challenge, but they fell short of solving our insurance issues completely. Enter NEXOSync – a solution that allows […]
