We know what you need because we've worked in your industry too! As an alternative health, fitness, beauty or wellness professional your Alternative Balance membership gets you the exact coverage you need, like...
Professional & General Liability Insurance
If you're held legally responsible for someone else's injury or damage to their property, liability insurance can help cover medical and legal fees.
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Professional Liability insurance provides coverage for any wrongful acts resulting from your professional service. This includes situations such as breach of duty, neglect, error, omission, misstatement or a misleading statement, which may cause economic or financial losses to third parties. For instance, if you're a fitness trainer and your workout program is accused of leading to an injury, professional liability insurance is designed to step in to protect you.
General Liability insurance is designed to protect your business from claims of bodily injury or property damage caused by your negligence, such as a slip and fall incident that occurs on your premises.
BPP & Business Interruption Insurance
This type of coverage protects items your business owns, your income and expenses.
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Business Personal Property (BPP) is insurance that covers movable assets owned by your business such as inventory, equipment, supplies, and furniture. It also covers property that is in your possession. Common reasons for loss include theft, fire, water damage, vandalism, and hail.
In case of a covered loss, business interruption and extra expense insurance can provide financial aid during a temporary shutdown to replace your lost income and expenses such as rent and payroll.
Participant Accident Insurance
Participant Accident insurance is different from liability insurance in that it is no-fault coverage for injuries or accidents that occur in your facility.
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This means that if a participant is injured, the policy is designed to cover medical expenses such as emergency room charges, doctor visits, hospital bills, and other related costs. In addition, this coverage will provide a sum to the injured party or their beneficiaries in the unfortunate event that they suffer death, loss of limb or paralysis as a direct result of an accident that occurred at your facility or while participating in a covered activity.
- 01/04/2024in Insurance
Understanding and Obtaining a Certificate of Liability Insurance
Written by: Lindsey Lessard, Director of Client Services, Broker Representative for Alternative Balance Owning your own business involves understanding insurance and contractual requirements. This includes a Certificate of Liability Insurance (COI), a document that plays a pivotal role in business interactions. This blog post delves into what a COI... - 27/02/2024in Insurance
Navigating Life Coach Insurance: A Comprehensive Buyers Guide
Written by: Lindsey Lessard, Director of Client Services, Broker Representative for Alternative Balance In today’s fast-paced and often unpredictable world, the role of a life coach has become increasingly significant. As a life coach, you offer guidance and support to people seeking personal or professional growth. However, along with the r... - 01/02/2024in Insurance
Case Studies: When Insurance Saved the Day for Fitness, Beauty, and Wellness Businesses
Written by: Lindsey Lessard, Director of Client Services, Broker Representative for Alternative Balance In the world of holistic health, fitness, beauty, and wellness, unforeseen events can pose significant challenges to businesses and industry professionals. These challenges, ranging from accidents and injuries to legal disputes, can be mitigated ...
What are the steps?
Complete application HERE
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What else is included in the membership?
With your membership, you receive instant insurance coverage (see details), 24/7 online access and member benefits like access to our Business Speaker Series, discounts on services, document templates for waivers and intake forms, industry subscriptions, access to online business management tools and much more! To see a more complete list of our member benefits, visit our Benefit Suites page.
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