How Much Does Personal Trainer Insurance Cost?
Personal trainer insurance protects its members and clients against any type of risk that might result at the time of training or exercising. If you are thinking about becoming a personal trainer, you will need insurance to protect yourself and those you are training.
How much is it?
- The cost of personal trainer insurance depends on the amount of coverage, the insurance policy, geographical location and the applicant.
- Most policies are going to range anywhere from $150 to as much as $1,000 per year. The higher the occurrence limit and aggregate is, the more you are going to have to pay.
- According to TrainerInsurance.com, the average personal trainer insurance policy can range anywhere from $136 to $195 per year. For example, a $2 million per occurrence / $4 million aggregate costs $195.
|Occurence Limit / General Aggregate||Annual Policy Estimate|
|$500,000 / $5 million||$100 to $250|
|$1 million / $5 million||$150 to $350|
|$2 million / $5 million||$250 to $500|
|$3 million / $5 million||$500 to $800|
|$4 million / $5 million||$700 to $950|
|$5 million / $5 million||$1,000 to $1,200|
What is going to be included?
- This policy will protect any person that relies on the instructional skills of a personal instructor for the safety of the workouts against any damage or injury that might result due to negligence by the trainer. This basically ensures a safe working environment is maintained by the trainer to the clients. Personal trainer insurance seeks to protect you from any form of damage that might occur in the event of training. One has to have personal liability and professional insurance cover that will protect you against certain legal actions that might arise from clients and members. As long as the incident happened during the time the policy was opened, you should be covered.
- Common policies will include anywhere from $500,000 to $2,000,000 per occurrence and up to a $4,000,000 aggregate. Basic policies will also cover damages done, medical expenses, legal liability and abuse.
- This type of policy is offered to personal trainers and instructors for a variety of exercises, such as yoga, Pilates, dance, Zumba, etc.
- The National Federation of Personal Trainers states that “Your basic insurance coverage will fall into 5 general categories: General/Professional Liability, Sexual Abuse Liability, Products Liability, Medical Payments, and Damage to Premises. The most common claims in the field of personal training are those involving bodily injury claims arising out of delivering, or failing to deliver, a safe and effective service. Other common claims are those involving libel, slander, or wrongful invasion of privacy. “
What are the extra costs?
- Additional coverage, such as supplemental consulting, can cost upwards of $25 to $50 extra per year.
- Some policies will not include sexual abuse or molestation. If this rider is added, it can increase the annual costs.
- Non-certified instructors will often have to pay double the premium rate if the insurance company is even willing to insure.
Tips to know:
- In order to get a personal trainer insurance policy, you must be certified by a recognized organization.
- When choosing a policy, make sure that you look into the company’s rating. Ask around to other personal trainers that you know to see what company they use for coverage.
- Even if you are employed by a gym or health club that should provide this insurance for you as an employee, it may be wise to get a personal policy to give you that extra protection.
- With some insurance companies, some states may be excluded.
How can I save money?
- When searching for a personal trainer insurance policy, make sure that you talk with a handful of insurance providers. If you already have personal liability insurance or you have insurance on something else, consider adding your plan to an existing policy. Most companies are more than willing to provide a discount to those who have multiple policies.
- Applying for a two-year policy instead of a one year can save you more money. Also, paying for as much of the policy as you can at one time can earn you a discount.