Maybe you’re opening a gym because you’re passionate about fitness and helping people achieve a healthy lifestyle through exercise. Maybe you’re opening a gym because you’ve done the research and identified a great opportunity in this growing industry. Or, maybe owning your own gym has always been a dream. However you got here, you can’t […]

NEXO is helping our local schools with their nutrition. NEXO loves assisting gym owners with their insurance, but that’s not all we do. We’re also directly helping our local communities and schools. We’re happy to announce that we’ve been able to support Madison Elementary in Redondo Beach, CA with their Nutrition Program. We hope their […]

Fitness facilities are all wondering: What is the Safe Sport Act, but more importantly, how does it apply to my gym? In 2017 the Safe Sport Act was created in large part as a response to the abuse and molestation of youth in USA Gymnastics. It intends to develop regulations and procedures to keep children […]

Gyms are unique and not one is the same. But, almost every gym has at least one contract that is integral to the business. In some cases, it’s a lease agreement for the rented property, but in others, it is a license agreement to use the brand of another entity. Within these contracts are specific […]

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, […]

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 […]

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 […]