What insurance do I need for a home base training studio?
I am working on making the basement at my house into my training studio and I would like to know what type of insurance would you recommend for this. I am insured as a trainer but I don't believe this covers my home if I work out of it. Thank you in advance!
Please visit our site at the link below to learn about the ACE Liability Insurance Program, which protects you wherever you train - even if it is in your home or outdoors.
On this page, you will also find the contact information for our Insurance Representatives. Please do not hesitate to call them - they will be able to answer any questions you have and help you apply for coverage.
Here's the link: http://www.acefitness.org/insurancecenter/default.aspx
Please let us know if you have further questions!
You are correct in being concerned not only for your own personal professional liability, but also that of your studio, AND I might add of your home. Talk to your insurance agents to make sure that you are covered ALL around and that you don't run afoul of your home ownership or home owner's insurance policy.
My two cents.
The Pilates method alliance also offers insurance for trainers http://www.pilatesmethodalliance.org/i4a/pages/index.cfm?pageid=3299
Good luck with your studio.
Be sure to discuss your business plan with your insurance agent regarding homeowners insurance. Some insurance companies will not provide coverage for a home-based business that have clients/customers coming to the residence on a regular basis, i.e. training studio. The insurer does not want to insure due to the increase in liability. You may have to switch insurance companies to get the needed coverage,that's what happened to me. Be prepared to have an increase in the premiums. My agent explained the increase is comparable to the cost for coverage if my studio was located in a commercial building.
May you all have a wonderful day!