• EDUCATE. EMPOWER. SUCCEED.
  • Subscribe
  • Newsletter
  • Media Kit
  • Contact
  • Login
Club Solutions Magazine
  • Topics
    • Leadership
    • Marketing & Sales
    • News
    • Operations
    • Programming
  • Magazine
    • Current Issue
    • Past Issues
    • Subscribe
    • Newsletter
    • Media Kit
    • Contact Us
  • On-Demand
  • Education
    • Club Solutions Leadership Summit
    • Club Solutions Leadership Retreat
    • Pickleball Innovators
    • The Leadership Accelerator Video Series
    • Club Solutions Book Club: High Road Leadership, John C Maxwell
    • Club Solutions Book Club: The Advantage
  • Supplier Insights
    • Brand Voice
    • Supplier Voice
    • Supplier News
  • Podcast
  • Webinars
    • Thought Leaders: A Virtual Roundtable Series
    • On-Demand Webinars
  • Buyer’s Guide
No Result
View All Result
  • Topics
    • Leadership
    • Marketing & Sales
    • News
    • Operations
    • Programming
  • Magazine
    • Current Issue
    • Past Issues
    • Subscribe
    • Newsletter
    • Media Kit
    • Contact Us
  • On-Demand
  • Education
    • Club Solutions Leadership Summit
    • Club Solutions Leadership Retreat
    • Pickleball Innovators
    • The Leadership Accelerator Video Series
    • Club Solutions Book Club: High Road Leadership, John C Maxwell
    • Club Solutions Book Club: The Advantage
  • Supplier Insights
    • Brand Voice
    • Supplier Voice
    • Supplier News
  • Podcast
  • Webinars
    • Thought Leaders: A Virtual Roundtable Series
    • On-Demand Webinars
  • Buyer’s Guide
No Result
View All Result
Club Solutions Magazine
No Result
View All Result
Home Column

Insurance: Why One Size Does Not Fit All

Rachel Zabonick-Chonko by Rachel Zabonick-Chonko
January 23, 2019
in Column, Operations
0
insurance
Share on FacebookShare on LinkedIn

Insurance is a vital aspect of running a successful fitness business.

However, in your pursuit of finding the right insurance partner, it can be difficult to understand what exactly an agent or insurer is looking for during the underwriting process. What goes into pricing an account? How should you prepare for an inspection?

Brian Rawlings recently answered these questions and more in a webinar presented by FITLIFE Insurance Program. He explained underwriters look at a variety of factors during the initial process, including:

  • The applications — forms you’re required to fill out
  • Your gym’s website — what programs and amenities are you marketing, and do these reflect what’s in the gym?
  • Actuaries and models — what do the numbers say?
  • Loss history
  • Exposures — amenities and services offered
  • Finances

From there, an underwriter begins pricing the account, taking into consideration competition and the market, rating basis, loss history, exposures and coverages, actuary analysis, and CAT modeling, for example. “There is an art and a science to pricing,” said Rawlings.

Next comes the inspection, where a loss control specialist typically visits the club to do a physical walk-through of the facility. “They’re trying to get that after-the-fact picture of the risk,” said Rawlings.

According to Rawlings, this step should be viewed as a true partnership, where the loss specialist comes to make recommendations on how to make the club safer and mitigate overall risk.

As a health club operator, having a full understanding of the underwriting process is important for a variety of reasons. For one, it will help you pick the right insurance partner — and will ensure you don’t experience any hiccups along the way when looking for coverage.

As Rawlings explained, the goal is to raise awareness of “what goes in from the insurance side in terms of reviewing your risk, pricing your risk, giving you a sense of what to look for throughout that entire process, and looking for a good solid partner that can help you mitigate risk and keep your members and guests safe as they move throughout your facility,” he said.

To view the full webinar, click here.

Stay ahead in the fitness industry with exclusive updates!

Rachel Zabonick-Chonko
Rachel Zabonick-Chonko

Rachel Zabonick-Chonko is the editor-in-chief of Club Solutions Magazine. She can be reached at rachel@peakemedia.com.

Tags: insuranceoperationsRisk Management
Previous Post

Franchisee Likens Planet Fitness to Southwest Airlines

Next Post

How to Address Uncomfortable Situations with Members

Rachel Zabonick-Chonko

Rachel Zabonick-Chonko

Rachel Zabonick-Chonko is the editor-in-chief of Club Solutions Magazine. She can be reached at rachel@peakemedia.com.

Related Posts

click to cancel
Supplier Voice

Preparing for Click to Cancel

June 16, 2025
Hiring for the Right Reasons
Column

Hiring for the Right Reasons: Rethinking Recruiting for High-Performing Teams

June 11, 2025
2024 BFS State of the Industry Report
Operations

Inside the 2024 BFS State of the Industry Report

June 3, 2025
Padel
Column

Padel Is the Glue — And the Business Case for Why Racquet Sports Belong in Every Health Club

May 28, 2025
big rocks
Column

3 Big Rocks from The HFA Show That Could Reshape Your Gym

May 22, 2025
uncertain times
Supplier Voice

Leading During Uncertain Times

May 20, 2025
Next Post
address

How to Address Uncomfortable Situations with Members

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

GET UPDATES IN YOUR INBOX

Facebook Twitter Instagram LinkedIn

The Current Issue

May/June Issue 2025

May/June Issue 2025



Browse

  • Home
  • Subscribe
  • Newsletter
  • Media Kit
  • The Magazine
  • Club Solutions On-Demand
  • Buyer’s Guide
  • Contact Us

© 2025 Club Solutions Magazine. Published by Peake Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Topics
    • Leadership
    • Marketing & Sales
    • News
    • Operations
    • Programming
  • Magazine
    • Current Issue
    • Past Issues
    • Subscribe
    • Newsletter
    • Media Kit
    • Contact Us
  • On-Demand
  • Education
    • Club Solutions Leadership Summit
    • Club Solutions Leadership Retreat
    • Pickleball Innovators
    • The Leadership Accelerator Video Series
    • Club Solutions Book Club: High Road Leadership, John C Maxwell
    • Club Solutions Book Club: The Advantage
  • Supplier Insights
    • Brand Voice
    • Supplier Voice
    • Supplier News
  • Podcast
  • Webinars
    • Thought Leaders: A Virtual Roundtable Series
    • On-Demand Webinars
  • Buyer’s Guide

© 2025 Club Solutions Magazine. Published by Peake Media.