Insurance costs can vary dramatically between facilities, and understanding why can help you make better decisions about your coverage. Let's break down what different types of gyms typically pay and why:
Most traditional gyms with standard equipment and classes typically pay between $500-1,500 annually for general liability insurance. This varies based on revenue, square footage, and location.
Here's where it gets interesting. Many martial arts and BJJ gym owners find themselves paying significantly more – sometimes 2-3 times what traditional gyms pay. Why? Often it's because their insurance agent doesn't have access to carriers who specialize in combat sports coverage. Instead, they're forced to write policies through excess lines carriers, which typically charge higher premiums.
Similar to martial arts facilities, aerial yoga studios often face higher premiums when working with general insurance agents. We've seen studios paying upwards of $3,000-5,000 annually when they could be paying much less with the right carrier.
Here's the key insight many gym owners miss: Your insurance agent is only as good as the carriers they're appointed to work with. An agent who writes policies for all types of businesses might not have access to the specialized carriers who understand (and fairly price) gym-specific risks.
Think of it this way: You wouldn't go to a general physician for specialized surgery. Similarly, working with an agent who specializes in gym coverage can give you access to carriers who:
We have a more detailed post coming on the differences between buying directly from carriers vs. agents later this week. In the meantime, head over to go.gyminsurance.com/estimate to compare your current policy or quote and coverage to our prices using our free tool.