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.
GET AN INSTANT QUOTE NOW!
Blog Feed
7 Tips for Managing Your Fitness Business
"Do what you love and you'll never work a day in your life." For fitness, health and wellbeing enthusiasts, starting and running a fitness business is a dream come true – but it's certainly no walk in the park. Running any type of business requires passion,...
How to Get the Best Personal Trainer Insurance Cost
As a gym owner, insurance coverage is key. But, many overlook personal trainer insurance, which protects both the gym and its trainers from liability risks. In this article, we explore the basics of personal trainer insurance, why it's crucial for gym owners, and tips...
7 Types of Insurance for Fitness Businesses
Fitness business insurance is an important part of running a successful fitness business. As a gym owner or a self-employed fitness instructor, your passion is to help people become the fittest and healthiest version of themselves. But while you prioritize your...