Occurrence vs claims made comes down to one question: which policy pays when a claim shows up long after the incident? An occurrence policy covers incidents that happen while the policy is active, no matter when the claim is filed. A claims-made policy covers claims filed while the policy is active, as long as the […]
Read MoreAuthor: Mike Baker
Employment practices liability insurance (EPLI) pays to defend your business when a current, former or prospective employee claims you broke employment law, like firing them unfairly, harassing them, or discriminating against them. It usually covers your legal defense plus settlements or judgments. General liability and workers’ comp don’t cover these claims, so without EPLI the […]
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An additional insured is a person or business you add to your liability policy so they get protection if they get pulled into a claim caused by your work. Gyms that rent you space, landlords, apartment buildings, schools and corporate clients ask for it because they don’t want to pay for your mistakes. Adding them […]
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Special Event Insurance for Gyms: When Do You Need It? Special event insurance is short-term liability coverage for a one-time event, like a fitness competition, open house, charity workout, or recital. Whether your gym needs it depends on where the event happens, what people do there, and who shows up. NEXO Insurance Services has insured […]
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What Is a Retroactive Date on a Liability Policy? You’re renewing your studio’s liability policy, or switching insurers, and you see a line on the declarations page: Retroactive Date. Most owners skip right past it. They shouldn’t. NEXO Insurance Services has insured over 20,000 fitness professionals since 2005, and a reset retroactive date is one […]
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General vs Professional Liability for Personal Trainers Your Trainer Says They’re Insured. General or Professional Liability? A new trainer wants to rent space at your gym. You ask if they’re insured, and they say yes. Good start. The next question matters more: insured for what? The gap we see most is a trainer who carries […]
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Here’s how to plan a yoga retreat step by step, from the first idea to the last goodbye. A yoga retreat is where a teacher’s community becomes something bigger. A weekend in the mountains, a week by the ocean, a few days at a farm upstate: students practice twice a day, eat well, unplug, and […]
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Does Your Gym Need Personal Trainer Insurance? If you own a small gym, a CrossFit gym, or a boutique studio, the answer is almost always yes. Somebody needs personal trainer insurance for every trainer on your floor. The real question is who carries it. Some trainers are your employees. Others rent space, bring their own […]
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How Does Workers’ Comp Work? A Step-by-Step Guide for Gyms, Studios, and Martial Arts Schools How does workers’ comp work? When an employee gets hurt or sick because of their job, workers’ compensation insurance pays for their medical care and part of their lost wages, and in return the employee generally can’t sue the employer […]
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A Complete Guide to Background Checks for Hiring at Gyms, Studios, and Martial Arts Schools How long do background checks for hiring at gyms, studios, and martial arts schools take? Most employment background checks come back in about two to five business days, though a simple check can clear in a day and a complicated […]
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