What is Deterioration of Stock Insurance?
Deterioration of stock insurance can provide essential cover for any business that sells or stores perishable goods. In this post…
read moreJames Hallam is an independent Lloyd’s broker with a dedicated team of experienced insurance professionals who care about protecting your business.
James Hallam is an independent Lloyd’s broker with a dedicated team of experienced insurance professionals who care about protecting your business.
James Hallam is an independent Lloyd’s broker with access to a hand-picked selection of A-rated insurance providers. We can help you understand the unique risks you face as a 24 hour gym, and we can also tailor a bespoke insurance package to cover you for these risks at a competitive price.
24 hour gyms face a number of additional risks that other gyms with set opening hours may never have to consider.
Because 24 hour gyms operate through the night, there will be times when there is no staff on the premises. This means that all the expensive gym equipment, and any customers using it, will be unsupervised.
Thieves and vandals may intentionally target your gym during its unsupervised hours. If a fire or a flood breaks out, and there is nobody around to address it, it could result in severe damage. And if a customer injures themselves while using their gym during unsupervised hours, they may make a claim of negligence against you, which could result in costly legal fees and compensation payments.
24 hour gyms can benefits from a range of insurance cover, including:
Core areas of cover for 24 hour gyms can include:
There will always be risks associated with running a 24 hour gym. But if you act to address these risks, you may be able to reduce the cost of your 24 hour gym insurance.
Take steps to keep your customers and your assets safe for any period during which your gym is unsupervised. This might involve:
We will take the time to get to know you and your gym, so that we can fully understand the specific risks you are facing. We can then advise you on steps you can take to address these risks, before helping you find a bespoke insurance package that gives you all the cover you need at the best price.
Deterioration of stock insurance can provide essential cover for any business that sells or stores perishable goods. In this post…
read moreThere is more to risk management than identifying possible sources of accidents and injuries. It is also important to identify…
read moreShops across the UK are reporting a rise in retail theft. According to figures from the Office for National Statistics…
read more