How Much Is Personal Trainer Insurance?

A general liability insurance policy for a personal trainer costs about $412 per year on average, but some personal trainers may spend less, while others may require more protection. Your premium may be affected by the location of your business, your revenue, if you have employees, and the types of coverage you select. Learn about the typical cost of personal trainer insurance and compare some of the best companies that provide personal trainer insurance to pick a coverage that matches your budget.

Average Cost of Personal Trainer Insurance

The average quotations obtained over a seven-month period from companies selling personal trainer insurance on the top commercial insurance marketplace Insureon are shown below. We also added quote data from Insure Fitness Group. 

When selecting an insurance carrier for your personal trainer business, keep in mind that few policies are comparable in terms of the coverage they give. When deciding on the finest supplier for your needs, consider third-party ratings, coverage alternatives, and customer satisfaction indicators. 

Factors Influencing Cost

Several factors may influence the cost of each type of coverage you may require. 

General Liability

If you are ever sued for a non-professional negligent act that causes property damage or injury, general liability insurance can help pay for legal fees and verdicts. Some of the things that may influence your general liability insurance premium include:

• Your annual income
• The condition, location, and size of the facility you use
• The number of workers you have
• Your years of personal training expertise
• Your previous claim history

Some organizations, on the other hand, may not underwrite policies based on these characteristics and may charge the same amount to all personal trainers. 

Workers’ Compensation

Most states require workers' compensation insurance for businesses with a specific number of employees. It assists in the payment of medical expenditures and missed earnings following an employee's injury or illness on the job, while also shielding companies against employee lawsuits. Your workers' compensation premiums are likely to be influenced by the following factors:

• The state in the United States where your workers work
• The nature of the work done by your personnel
• The number of employees you have
• Your total annual payroll for all employees
• Your claims history

Business Owner’s Policy

A business owner's policy (BOP) is a bundle of insurance coverages that some personal trainers may obtain. It comprises commercial property insurance, general liability insurance, and, in some situations, lost profits in the event of a covered incident. In addition to the general liability issues mentioned above, the following factors influence the cost of a BOP:

• The worth of your company's property
• Your facility's age and location
• Any additional coverage endorsements you add
• Whether you select replacement value or cash value

Professional Liability

Personal trainers should also carry professional liability insurance to cover legal bills and judgments if a customer claims financial loss as a result of your professional guidance. The cost of professional liability insurance is influenced by a number of factors, including:

• Your location
• Your years of personal training expertise
• The coverage limits and deductible that you select
• How many employees you have 
• Your claims history

Top Insurance Companies for Personal Trainers

Next Insurance

The National Academy of Sports Medicine's official insurance partner, Next Insurance, offers general and professional liability coverage starting at $11 per month. You can add an unlimited number of additional insureds and view a live certificate of insurance. Next has an AM Best financial strength rating of A- (Excellent) and fewer complaints with the NAIC than would be expected given the company's market dominance.

Insure Fitness Group

For $179 per year, Insure Fitness Group provides general, professional, and product liability insurance, rental damage insurance, identity protection insurance, and stolen equipment coverage. Because the coverage is occurrence-based, you can file a claim after your coverage has expired as long as the claim occurred during your coverage period. Arch Specialty Insurance Company underwrites the coverage, which is rated A+ (Superior) by AM Best and has a lower NAIC complaint rate than expected given its size, indicating client satisfaction.

The Hartford

The Hartford insures a wide range of fitness professionals and provides coverage beyond professional and general liability, such as workers' compensation and commercial auto, making it suitable for larger enterprises or fitness trainers looking to grow. AM Best rates the company's financial strength as A+ (Superior), and its total NAIC complaint score is slightly higher than normal.  

Amtrust

Amtrust may be an excellent choice for personal trainers looking for a standalone workers' compensation policy. The company has a high rate of offering quotations on Insureon, a low average premium, and an AM Best financial strength grade of A- (Excellent). The company, on the other hand, has a high NAIC complaint index for liability and property coverage. 

Employers Compensation Insurance Company

Another alternative for personal trainers looking for a standalone workers' compensation policy is Employers Compensation Insurance Company (ECIC). The insurer has an AM Best financial strength rating of A++ (Superior) and no NAIC complaints. On Insureon, the company also quotes 85% of personal trainer applications. However, ECIC does not provide other forms of coverage, so you will need to obtain professional and general liability coverage elsewhere. 

Travelers

Travelers has some of the lowest average premiums for workers' compensation and business owner's insurance with an AM Best financial strength rating of A+ (Superior). In addition, given its market dominance, the corporation has a lower complaint rate with the NAIC than predicted. Travelers, on the other hand, have a relatively low rate for providing quotations to personal trainers on Insureon, which implies that their insurance may not be available to all trainers. 

Liberty Mutual Insurance Company

Liberty Mutual provides a wide range of specialty fitness coverages that are well-suited to fitness clubs and other major personal training companies. AM Best rates Liberty Mutual's financial strength as A (Excellent), however the company's NAIC complaint index is slightly higher than normal. On Insureon, the insurer also has a high rate of delivering BOP quotations. 

United States Liability Insurance Group (USLI)

USLI has one of the highest prices on Insureon for giving quotations for personal trainers, making the company accessible to the majority of trainers in the sector. AM Best has also given the company an A++ (Superior) grade. However, given its size, USLI has a rather high average NAIC index. 

How to Save Money on Personal Trainer Insurance

• Compare quotes: Some organizations may provide less expensive personal trainer insurance than others. But don't just go for the cheapest policy; also make sure you're obtaining the coverage you need. 
• Bundle your policies: If you require various coverages, you may be able to save money by bundling them with the same company. Some insurers provide savings if you acquire multiple types of coverage. 
• Pay in advance: Some insurers may provide a discount if you pay for your plan in advance or enroll in autopay.
• Choose a large deductible: Not all insurers will allow you to choose your deductible, but some will. Lower premiums result from a higher deductible, but keep in mind that your out-of-pocket expenses will be higher if you ever need to submit a claim. 
• Reduce losses: Some insurance firms provide loss prevention resources and even discounts for teaching staff in safety procedures. If you take safeguards, you will minimize your chances of submitting a claim, which will result in an increase in your rates.