I own an in-home (my home) personal training studio where I do about half personal/small group training and half circuit training classes. I occasionally employ 1-3 other trainers. I also teach boot camps at park district parks in our area and hire other trainers to teach boot camps through my business as well. Does anyone know what kind of coverage I need? I am worried that I don’t have adequate coverage now!
Contacting the insurance company would be the best way to go about it. If you are thinking Philadelphia Insurance you should be able to cover yourself, business and trainers just by having the personal trainer level and then add your business and trainers as additional insured into your policy. But like I said you should contact the insurance that you are interested at so to be certain. I hope this helps.
you need to check with your insurance. I have a studio in my home what I share with my husband who is also a trainer. For that, we have a studio insurance through Philadelphia, nor just a personal trainer insurance. When you talk about ’employing’ other trainers, do you really mean employment or are they independent contractors? That makes a difference in the insurance status.
Definitely call your fitness insurance company. Since the studio is in your home, you should also call your homeowners insurance company–failure to do this could have really nasty consequences if anyone ever sues you (and remember even if you get sued for a totally laughable non-reason, you still need to defend the lawsuit!).
I’m unclear on whether the others who work as trainers in your studio are employees or independent contractors. If they are independent contractors, you should have a written policy in place requiring them to carry their own fitness insurance AND name you (and your business name, if you have a DBA, LLC, etc.) as “additional insureds” on the policy.
Be aware that even if the other trainers are independent contractors for federal taxation purposes, your state may consider them employees. For example, Massachusetts and Washington both consider part-time teachers at yoga studios (who are federally recognized as independent contractors) to be “employees” for state purposes (which might include carrying workers’ comp insurance, for example). To sort this out, I highly recommend contacting your state’s small business office (it might be a division of the secretary of state, or the department of commerce) to find out what the laws in your state are.
All good advice. Checking in to all of this may be a hassle now, but it could be a huge problem down the road if you don’t. Part of growing a business is staying on top of all the rules and regulations. And even though no likes to part with their hard earned income, paying fees and taxes is part of what makes it possible for all of us to enjoy the opportunity to even have our own businesses. Best wishes for you and your employees.