The suitable protection for health facilities
This text was produced in partnership with Okay&Okay Insurance coverage Group Inc.
Desmond Devoy, of Insurance coverage Enterprise America, sat down with Lorena Hatfield, advertising supervisor at Okay&Okay Insurance coverage, to search out out extra about how well being golf equipment are insured, and what various kinds of applications can be found to the individuals who assist maintain us wholesome.
It’s best to really feel the burn and sweat while you hit the gymnasium – however your shoppers shouldn’t sweat it in the event that they’re those who must insure their well being membership.
So when it comes time to sit down down and assist your shopper determine what kind of protection they want, right here’s a helpful record to assist them go the space, and attain their private finest – not less than in terms of insurance coverage.
Enjoyable is available in all sizes at Okay&Okay Insurance coverage Group, Ltd. and it’s due to this Fort Wayne, Indiana-based firm that insurance coverage brokers have entry to competitively priced customized well being membership applications, that are designed for a wide range of health amenities.
With a view to discover the correct match, there are some essential inquiries to ask your health facility shopper: the dimensions of the power, annual income, and the providers supplied will decide which Okay&Okay program is acceptable for every operation.
So, put your Pilates on pause, and we’ll spot you as we dash by Okay&Okay’s 5 well being membership program choices:
- Well being Membership Program – Full Service: Protection for well being, racquet and athletic membership operations, providing a full vary of providers which will embrace professional/sport retailers, snack/juice bars, eating places, spa providers, tanning, babysitting/childcare, therapeutic massage remedy, and different providers offered on the well being membership.
- Well being Golf equipment – Fundamental Service Operations: Designed for well being and health golf equipment providing a full vary of providers with annual income of $2 million or much less. 24-hour facility choices can be found.
For amenities and instructors needing much less complicated protection, Okay&Okay presents a quick quote-and-buy-online course of for the next applications:
- Well being Membership Program – Restricted Companies: Obtainable to well being/health golf equipment providing applications and providers which will embrace private coaching, aerobics, yoga, Pilates, free weights, resistance, and cardio machines for his or her members with annual gross sales of $500,000 or much less. All eligible operations should be totally staffed throughout open hours.
- Train/Private Coaching Studios: Designed for studio amenities providing private coaching, group workout routines, aerobics, yoga, Pilates, or circuit coaching actions below the direct supervision of a health skilled corresponding to a private coach or train teacher. Have to be 3,000 sq. toes or much less.
- Health Instructors: Designed to satisfy the distinctive wants of private coaching, train, cardio or yoga/Pilates teacher immediately supervising a person or group engaged in health and train actions. Independently contracted instructors is probably not insured below the power’s protection and a separate coverage is commonly required by well being membership amenities the place the trainer works.
Okay&Okay requires no prior appointment for brokers to submit an utility and obtain a quote; underwriters concentrate on offering protection for health amenities and can be found to help brokers with protection questions.
Okay&Okay has been masking well being golf equipment for greater than 40 years, and now insures 1000’s of such golf equipment throughout the US.
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