Protecting your health & wellness center
Whether you own a gym, yoga studio, day spa, or hair salon, you’re in the business of keeping your customers happy and healthy. But to keep your business healthy you will need an insurance policy that protects your business from a number of industry related risks.
First, if you have employees, and to comply with state laws, you need Workers Compensation insurance. You need protection for your space (whether leased or owned) and for your stuff. General Liability covers your legal costs in the event of an accident or if an injured customer sues your practice. Professional Liability can protect you in the event a customer claims you did something inappropriate – such as gave incorrect instructions or over-corrected a student’s posture in a pose.
Need more information? Speak with one of our insurance experts to find the right coverage for your healthcare business.
The policies you need
The benefits of a Business Owner's Policy
A Business Owner’s Policy (BOP) is a packaged insurance policy that contains all of the essentials most health and wellness businesses need. A BOP combines the two primary commercial coverage types – General Liability and Property Insurance – into one, affordable policy. This packaged policy covers the widest range of risks that the average business owner faces: protection from lawsuits, damage to their business space and property loss.
There are also many add-ons that can be included in a Business Owner’s Policy to protect the unique needs and risks inherent in a health and wellness business. For example, Professional Liability coverage, which can provide specific protection for personal trainers, beauty salons or yoga instructors can be added to a BOP.