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Insurance for wellness and fitness businesses.
Whether you run a yoga studio, a gym, or are an independent fitness instructor, you’ll need insurance to protect your business. Insurance from Provide starts with commercial property insurance, so that your business premises and equipment are protected. You’ll also want to cover yourself against staff injuries and Covid-19 infections, and public liability from client injuries. If you take cash payments, consider covering employee theft.Â
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It’s quick, tailored, and affordable cover with Provide.
What types of insurance do wellness and fitness companies need?
Cover | Explanation | Importance for wellness and fitness industry |
Work injury compensation insurance | Covers employee work-related injuries/sickness, including Covid-19 infections | Critical |
Public liability insurance | Covers customer injuries, and third-party property damage (e.g. during renovations) | Critical |
Commercial property insurance | Covers fire, water damage, burglary, etc. | Critical |
Fidelity guarantee insurance | Covers employees stealing money from you | Good to have |
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Commercial property insurance
Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.
Public liability insurance
Public liability insurance will protect you from liability for injuries/property damage to third-parties.Â
Fidelity guarantee insurance
Fidelity guarantee insurance will protect you from employees stealing from your business.
How much does wellness and fitness insurance cost?
Cover | Coverage amount (example) | Typical premium |
Work injury insurance | $10 million annual limit (market standard, required by Singapore law) | Admin roles: Â Wellness/fitness instructor roles: |
Public liability insurance | $100,000 | From $100/year |
Commercial property insurance | $100,000 | From $100/year |
Fidelity guarantee | $5,000 | From $100/year |
