Last Updated: 9-10-2026 What insurance does a gym business need? A gym typically needs general liability, professional liability, and property coverage for its equipment and other business assets. Gyms with employees may also need workers’ compensation and employment practices liability insurance. Business income, cyber, and event coverage depend on the operation. Review your activities, lease, […]
Read MoreAuthor: Eric Reingen
Opening a gym is a big step–and chances are, you’re incredibly excited about it. It’s a great journey that will help you advance your clients on their path to health and wellness, allow you to develop a great source of income, and even improve your health journey. As a gym owner, you will experience many […]
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A recent nationwide survey of adults ranging in age from 18 to 65 revealed the average American spends $155 per month on gym memberships, personal trainers, nutritional meal plans, supplements, and fitness gear. These expenses total approximately $112,000 throughout a person’s life, more costly than a four-year degree at a public institution of higher learning. American’s investments in […]
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