Property & Casualty
You’re put first.
Managing risk means more than insuring what is here today, but seeing ahead to where the business will be tomorrow.
Fitness Professional Liability Insurance
Professional liability insurance, is tailored for fitness professionals like personal trainers, Pilates instructors, and health and wellness coaches. This insurance is designed to shield your business from claims related to negligence, misrepresentation, inaccurate advice.
Contract Review
Contracts define the liabilities and exposures a company assumes when it enters into an agreement with a third party. If you’ve ever been uneasy about an insurance or contractual risk transfer term, you could benefit from IMA’s Contractual Risk Management service.
Available Services
Property
Coverage for your buildings, contents, signs and business income exposures
General Liability
Coverage to pay for judgements and defense costs in the event you are found liable to members of the public or guests
Umbrella
Additional liability coverage, in excess of the General Liability, Auto Liability and Employers Liability lines of coverage
Fitness Professional Liability
Coverage for claims arising from alleged errors and omissions related to trainers leading members through exercises
Business Auto
Liability coverage and, if purchased, physical damage coverage for your owned autos or those you rent or borrow
Cyber/Crime
Coverages provide reimbursement for specifically described thefts or information breaches
Workers’ Compensation
Coverage for work related injuries to your employees
Employment Practices Liability
Coverage that provides settlements and defense costs to protect your firm against lawsuits alleging certain workplace torts or discrimination
Directors & Officers
Coverage for allegations against directors/officers for mismanagement of funds, misrepresentations, non-compliance and breach of fiduciary duties
Sexual Abuse
Coverage for claims arising from alleged sexual misconduct or molestation by trainers or front desk personnel
Minimum Franchise Requirements
| General Liability | $1M each Occurrence/$2M Aggregate or greater |
| Workers’ Compensation & Employer’s Liability | Statutory Limits; Employers Liability limits – each accident/occupational disease/disease greater than or equal to $1M |
| Auto Liability | Combined single limit of $1M or greater; must include hired and non-owned auto liability coverage |
| Fitness Professional Liability | $1M each Claim/$1M Aggregate or greater |
| Sexual Abuse | $100k each Occurrence/$300k Aggregate or greater |
| Employment Practices Liability | Annual Aggregate must be greater than or equal to $250k |
| Cyber Liability | Each Occurrence must be greater than or equal to $250k |
| Property | Business Interruption and Extra Expense must be greater than or equal to 75%; Utility Services Direct Damage and Business must be greater or equal to $25k |
| Additional Requirements | Certificate of Insurance for Franchisor must read as follows: Ultimate Fitness Group, LLC, OTF Royalties, LLC, Franchisor, LLC and their affiliates at 6000 Broken Sound Parkway NW, Ste. 200 Boca Raton, FL 33487 |