Management Liability Insurance
Virtually every fitness business that employs staff has a need for management liability insurance. It is all too common for employees to sue directors and managers for employment-related issues including discrimination, unfair dismissal or harassment.
What is management liability insurance?
Management liability insurance is designed to protect a company and its Directors against claims of financial losses due to mismanagement. In addition to mismanagement-related claims, there is also a growing number of patrons of gyms and fitness businesses that are suing in relation to harassment or discrimination.
The risks for most fitness businesses are small and manageable, however, for the security and peace of mind as a business owner, we recommend at a minimum that you extend your liability insurance to include management liability insurance. Most of our recommended policies have this option available at only 10% of the cost of a standalone management liability policy
For larger corporate organisations or those with shareholders, we recommend a broader level of coverage with a higher sum insured, which can be obtained as a standalone management liability policy.
Why choose Gym Insurance HQ?
Gym Insurance HQ can assist you with all your fitness industry management liability insurance needs. With access to the largest range of general and fitness specialist management liability insurance companies in Australia, we can find the right policies at competitive prices. Contact us on 1300 815 344 or request a quote online.
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