Planning to engage in the current popular unstaffed gym business? Or do you simply wish to make your gym services round the clock? Unstaffed or 24-hour gyms are quite growing in popularity not just in Australia, but also in the US and the UK. With more and more gym owners offering flexi-time incentives and fitness buffs jumping into the bandwagon, it is high time to also ramp up the protective shield for your business. When thinking of 24-hour gym insurance in Australia establishment owners should know what they’re getting into before they take a leap of faith.
The Usual Covers
When a decision to open a 24-hour gym or extending its services to cater to clients round the clock, it is important to have an insurance policy handy to aid in this new quest. Be reminded that this new venture will definitely double the risks. Gym-goers will be using your facility day in and day out. It cannot be helped that there will always be some nut-head out there who think of themselves as invincible until they fall flat on their face from exhaustion then, leaving you and your gym with expensive legal fees.
Luckily, many insurance providers today offer added benefits to the usual gym insurance for business owners as well as personal trainers who may also offer the same round-the-clock services. Many are even offering them as add-ons to your current coverage. Some of the significant coverage being offered includes third party liability, abuse, business interruption up to 24 months, crime coverage, subcontractors, advertising and personal injury liability, fire and theft, acts of terrorism, and other unique needs which prove to be critical to a gym business.
Beyond Gym Insurance
Having 24-hour gym insurance in Australia policy should not be considered the end-all though. It should be the last option for your gym to pursue. Risk mitigation must be carefully planned to ensure that safety nets are in place. There are so many debates on the safety of gyms opening round the clock. From harassment to equipment theft, assault, arson and other man-made disasters, all these can hold you liable for being the owner of the facility.
To ensure safety always, experts widely encouraged round-the-clock staffing too, at the very least, monitor activities off-site. CCTV cameras can be propped in strategic places allowing staff to keep track of client workout activities looking out for potential injuries or accidents. It will also help screen any form of abuse or threat from a co-gym user or from outsiders with malicious intent. Installing a keyless entry tracing mechanism, tailgate system, and panic buttons must also be in place. Apart from ensuring immediate assistance, these can also help thwart a potential attack leaving you virtually free from any liabilities. Keep in mind also that with safety nets in place, premium rates can also be reduced.
Finding The Right Insurer
The bottom line is: When managing a 24-hour gym, these two must always be in place– risk mitigation management and insurance. The former will not only help keep clients safe and protected, it will also help minimize the cost of your 24-hour gym insurance in Australia cover. With both measures in place, you can finally have an establishment that will allow you to earn revenue day and night even when you’re sleeping soundly at night.