Premises liability is the legal responsibility to keep the space you own or control reasonably safe for the people you invite in. For a gym or studio, that means members, drop-in guests, parents in the lobby and the delivery driver at the back door. If someone gets hurt because of a hazard you knew about, […]
Read MoreCategory: Insurance
The declarations page is the summary at the front of your insurance policy that shows who is covered, for how long, for what, up to what amount, and which forms make up the rest of the policy. Read it first, every time you buy or renew. Most coverage problems a gym owner or trainer could […]
Read More
Replacement cost vs actual cash value is the difference between getting paid what it costs to buy new equipment today and getting paid what your old equipment was worth after years of wear. Replacement cost pays to replace damaged property with new property of similar kind and quality. Actual cash value pays that amount minus […]
Read More
Dance Studio Insurance: The Risks Owners Miss and What Covers Them Dance studio insurance protects your business when a student gets hurt, a parent files a claim, equipment is damaged or an event goes wrong. Most studio owners buy a policy when they open and don’t look at it again. But a studio changes every […]
Read More
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 More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
A massage therapist should carry professional liability and general liability at minimum. Therapists who own equipment need property coverage, therapists…
Read More
