What Pole Studio Insurance is Available in the U.S.?

The secret is out… Pole fitness is a great workout.

What was once the domain of a select group of spicy entertainers is going mainstream.

People’s perception of pole dancing as the exclusive domain of strip clubs is now accepted as a legitimate, non-sexual form of dance and acrobatics.

Why is Pole Fitness Going Mainstream?

Pole dancing requires significant coordination and flexibility. Dancers must be able to endure physically challenging positions requiring full body muscular strength. Pole fitness workouts provide great aerobic and anaerobic exercise.

Professional pole fitness instructors can teach hundreds of pole dancing moves for beginner, intermediate and advanced levels.

Pole fitness positions include individual and two person moves such as the “Chinese Flag”, the “Crucifix”, the “Blade”, “Chopper” and “The Bottle Rocket”.

Pole dancer insurance

More advanced pole fitness athletes are being inspired by high profile performances such as Cirque du Soleil that incorporate more complex acrobatics. As a result, pole dancing competitions incorporating one or even two poles are being conducted in countries all over the world. Pole fitness competitions include the World Pole Sport Championship, the U.S. Pole Federation Championship and the International Pole Masters Cup Championship.

Indeed, pole fitness professional organizations are even trying to have pole dancing added as an Olympic sport!

Why Insurance for Pole Dancers in the U.S. is Hard to Find

While pole fitness training is now in high demand as a fun and legitimate form of exercise across the U.S., unfortunately, most personal trainer, sports and wellness insurance policies do NOT cover pole fitness.

This is because pole fitness is considered by insurance underwriters to be a high risk type of acrobatic exercise.

If you are a pole fitness instructor or own a pole fitness studio and have not checked your policy lately, CHANCES ARE YOU ARE NOT COVERED.

Recreation centers, gyms and dance studios specializing in ballet, Zumba, tap, salsa, tango, etc. that offer pole fitness classes need to check their insurance policies, or contact FITCO to get covered or to review your current policy and answer any questions.

Pole Dancing Instructor Insurance vs. Pole Fitness Studio Insurance

Whether you offer pole fitness training in your home, a recreation center, local gym or your own athletic facility, you will want to decide whether you are operating as a sole proprietor, or whether you form an LLC for your business. Choosing between a sole proprietorship and an LLC has big implications for your success. You will also need your own insurance.

Insurance for pole dancing comes in two forms:

  1. Insurance for individual pole fitness instructors.
  2. Insurance for pole dance studios offering pole dancing instruction to the public.

1) Individual Insurance for Pole Fitness Instructors

Your individual instructor insurance should protect you from any damage or accidents that could occur in the course of conducting your training.

You should be protected against general liability, professional liability, accident, medical and sexual molestation claims.

As with almost any form of exercise, students’ ability levels will vary. Accidents can (and do) happen. A student injuring themselves while working out, a slip and fall accident, or even claims of sexual abuse.

FITCO offers affordable general liability insurance coverage, products and completed operations, sexual abuse and/or molestation coverage, medical payments and professional liability insurance to you as a pole fitness instructor.

2) Insurance for Pole Fitness Studios

If you own a pole fitness studio, you will need special insurance to protect it from physical damage that may occur to it.

You also must protect yourself against lawsuits by students or visitors who may suffer injuries while on your premises. Injuries may occur as a result of a pole fitness workout, or because of a “slip and fall”.

FITCO offers pole fitness insurance coverage for pole fitness instructors and pole fitness studios. To inquire about insurance for pole fitness instructors or pole fitness studios, email us today.

Pole fitness studio insurance

What are the Benefits of Pole Dance Insurance from FITCO?

Affordable: Insure yourself for only pennies per day.

Broad general liability (GL) coverage including:

  • $1,000,000 per occurrence/$3,000,000 aggregate
  • $1,000,000 professional liability insurance
  • $100,000 sexual abuse/molestation coverage
  • $1,000,000 personal & advertising injury coverage
  • $1,000,000 products and completed operations coverage
  • $300,000 damage to rented premises coverage
  • $5,000 medical payments coverage
  • Accident and medical coverage

Need higher limits? No problem! Additional per occurrence and general aggregate policy limits are available up to $2,000,000 per occurrence and $5,000,000 aggregate for only pennies a day.

Credibility: Establish credibility and professionalism with your clients and partners by having insurance for your business. Your customers will appreciate when you tell them that you have insurance. Provide partners with additional insured coverage at their request.

Broad protection: Unlike certain other pole fitness instructor insurance policies that exclude important coverages such as sexual abuse and molestation, FITCO offers sexual abuse and molestation coverage, as well as professional liability.

Best carriers: FITCO works with A-rated carriers to provide the options and coverage you need as a pole fitness instructor. Getting covered takes only a few minutes and you'll have the protection you need from an A-Rated A.M. Best carrier.

Signing up for pole fitness insurance from FITCO insurance is easy! Have questions? Contact us or call us at 800-991-3080.

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As a Personal Trainer, Should I Be a Sole Proprietor or LLC?

As a Personal Trainer Should I be a sole proprietor or LLC?

As a personal trainer, should you form a limited liability company (LLC) or operate as a sole proprietor? The choice could have important implications for the success of your business.

Sole proprietorship: The Simplest, But…

FITCO Personal Trainer InsuranceOne of the benefits of being a sole proprietor is that you are in full control of your destiny.

As a sole proprietorship, you are simply operating your business as a single individual who has not registered with your state as a type of business entity, such as a corporation, partnership, or LLC.

In other words, if you are operating your business as yourself.

As a sole proprietor, you should keep track of business expenses and income separately from your personal expenditures and at the end of the year, you will report your business gain or loss on your personal tax return.

What could be easier?

Risks of Sole Proprietorship

While it costs nothing to form, and is the simplest and most popular form of business start up, a sole proprietorship does not provide you with the same legal and tax advantages that forming an LLC provides.

A sole proprietorship is not considered a separate legal entity.

Operating as a sole proprietor exposes your personal assets to business creditors, as your business is simply an alter ego of yourself, rather than a separate legal entity.

For instance, if your business fails you can be personally liable for any debts or liabilities incurred by the business. If you are sued by a client or by a gym or have a legal disagreement, you could be personally liable for any claims that occur.

Business and Insurance Benefits of an LLC

A limited liability company, or LLC, is a common legal structure for small businesses in America.

By forming an LLC, you gain the same flexibility benefits, independence and control as a sole proprietorship, while gaining the protection of being treated as a separate legal entity.

If you are operating your business as an individual, you may form what is called a “single member LLC”. In a single member LLC you will most likely declare yourself as the “Managing Member” of the LLC. As the Managing Member of the LLC you are in charge of maintaining the LLC.

When you conduct business, any clients you work with or companies you do work for will use the name of the LLC (i.e. “XYZ Fitness LLC”), rather than your individual name.

The LLC structure provides you with personal asset protection, since creditors can only go after business assets held in the name of the LLC. An LLC protects the owners from the debts of and any judgments against the business.

As mentioned above, a single member LLC is similar to a sole proprietorship from a tax standpoint. An LLC is considered a “pass through entity”. As the Managing Member of the LLC, you are compensated in the form of distributions of profit, which are taxed at your own marginal tax bracket (the tax rate applicable to the next dollar of taxable income that you earn).

Conversely, if your business declares a loss, you claim the losses on your personal tax return.

Insurance for Personal Trainers and LLCs

Another benefit is insurance.

Personal trainers are often required to provide proof of insurance coverage and name the gym as an “additional insured”. No problem! With FITCO, you can get $2,000,000 of general liability coverage, and up to $5,000,000 aggregate, in minutes.

But what if you need more than $2,000,000 of insurance on a per incident basis?

Personal trainers and other health and wellness professionals can sometimes find it difficult to obtain higher levels of insurance coverage (i.e. $5,000,000 of per incident general liability coverage) when operating as a sole proprietor.

However, by forming and operating as an LLC you have indicated a certain level of sophistication and thoughtfulness in your business approach. And higher levels of coverage are often no problem for an LLC.

Fitness instructor sole proprietor or LLC?

How do I form an LLC?

Forming an LLC is simple.

You can literally create an LLC from home with your laptop by using companies such as Incorporate.com, or Legal Zoom. The process usually only takes a few weeks to complete and may cost as little as $300-$1,000. While there is a small investment, the upfront cost is well worth it when compared to the thousands, or tens or even hundreds of thousands of dollars you could be liable for as a sole proprietor.

If you are a single individual, and are serious about your personal trainer business, you may want to strongly consider selecting the LLC form of business organization.

FITCO can help with any business insurance you need as a personal trainer, martial arts instructor, yoga instructor, dance instructor, swim instructor, CrossFit instructor, music instructorPilates instructor and more. Have questions? Give us a call or send us an email.

 

PLEASE NOTE:

FITCO is not providing legal advice, and we are not CPAs or attorneys. As such, you should not consider anything in this article to be tax or legal advice. You should consult your personal attorney or CPA before you make any decisions on the structure of your business or changing that structure.

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Insurance for Tai Chi and Qigong Instructors?

An Insurance Program Designed for Tai Chi and Qigong Instructors

Tai chi, also known as T'ai Chi Chuan, is an ancient Chinese form of exercise that is practiced by people all over the world.

While practiced as an individual exercise, tai chi was originally created as a form of self-defense and is also a form of Chinese martial arts. Tai chi has its roots in Chinese healing, as do other Chinese martial arts practices, including pushing hands (aka “push hands”), and qigong.

As a martial artist practicing tai chi, he or she learns to redirect internal energy, or chi (pronounced “chee”), by carefully repeating physical movements that appear to flow effortlessly, in slow motion.

Tai chi instructor insurance

Tai chi can not only be excellent exercise, it also has mental benefits. Some consider tai chi to be a form of meditation, and even medication. Indeed, in both Eastern and Western medicine, a prescription of tai chi can be used in conjunction with primary medical treatments to improve a patient's functioning and quality of life.

The mind-body connection in tai chi may be why its adherents are so loyal to it.

According to Peter M. Wayne, assistant professor of medicine at Harvard Medical School and Director of the Tai Chi and Mind-Body Research Program at Harvard Medical School’s Osher Research Center, "A growing body of carefully conducted research is building a compelling case for tai chi as an adjunct to standard medical treatment for the prevention and rehabilitation of many conditions commonly associated with age."

Fulfill Local Gym General Liability Insurance Requirements

As a tai chi instructor, you may conduct outdoor clinics or work indoors at a gym, or a local recreation center. For private or 3rd party locations they will often require that you have your own general liability or professional liability insurance. They may also require you to name them as additional insured on your policy.

For instance, you may be required to sign an agreement with the gym or rec center that requires you to produce a certificate evidencing current liability insurance from a carrier that is “admitted” in your state and by a company with an AM Best rating of A or better. The required insurance may include commercial liability insurance inclusive of professional liability with a minimum of $1,000,000-2,000,000 liability coverage per occurrence. The actual requirements you encounter will vary, of course.

FITCO offers this type of insurance for Tai Chi, Qi Gong, Push Hands and more. If you are a tai chi and other Chinese martial arts instructor, you can get the peace of mind by knowing that you have broad insurance coverage, and are protected at an affordable premium. If you need additional insured added to your policy? No problem. The first 10 are FREE. Any additional insureds thereafter are $25.00.

Unlike other insurance programs for martial arts instructors, FITCO’s martial arts insurance includes general liability, professional liability, sexual abuse/molestation coverage, personal & advertising injury, damage to rented premises, products and completed operations, meical payments coverage and more.

Tai chi practitioner

Professional liability coverage provides you with protection from claims of negligence while delivering professional advice or performing professional services. For martial arts instructors trainers and athletic trainers, professional liability can also be referred to as malpractice insurance.

If a client follows your professional advice in the course of your duties as a martial arts instructor, and they hurt themselves, they could make a claim against you for negligence.

What do you get with Tai Chi and Qigong Insurance from FITCO?

Affordable: Insure yourself for as little as $ 0.63 cents per day. Get general liability coverage including:

  • $1,000,000 per occurrence/$3,000,000 aggregate $
  • 100,000 sexual abuse/molestation coverage
  • $1,000,000 personal & advertising injury coverage
  • $3,000,000 products and completed operations coverage
  • $100,000 damage to rented premises coverage
  • $2,500 medical payments coverage

Need higher limits? No problem! Additional per occurrence and general aggregate policy limits are available up to $2,000,000 per occurrence and $5,000,000 aggregate for only pennies a day.

Credibility: Establish credibility and professionalism with your clients and partners by having insurance for your business. Your customers will appreciate when you tell them that you have insurance. Provide partners with additional insured coverage at their request.

Broad protection: Unlike certain other martial arts instructor insurance policies that exclude important coverages such as sexual abuse and molestation, FITCO includes sexual abuse and molestation coverage automatically.

Zero deductible: General liability policies have zero deductible. Certified trainer professional liability insurance may also have zero deductible.

Getting covered takes only a few minutes and you'll have the protection you need from an A-Rated A.M. Best carrier. Signing up for FITCO insurance is easy. Get covered in just a few seconds. Have questions? Contact us or call us at 800-991-3080.

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