If you're starting a business that doesn't require registration, licenses, or permits, you're just as entitled to insurance as any other business. One of the most important things you can do to protect your business is to purchase liability insurance as a gym owner. Liability insurance protects the property, the owner, the customer and the employee. However, most insurance companies will want to see a copy of their business license before purchasing customer-level liability insurance.
Real estate agents, dentists and accountants need a license to practice in the United States. The requirements for obtaining a license could include general liability insurance. Liability coverage can be obtained by purchasing a bond in favor of the people of New York State; accidental and professional liability insurance or general liability insurance; or a combination of the above options, provided that the coverage amounts are met. Once you obtain your business license and purchase the necessary liability insurance for your gym, you should ensure that your business license is renewed annually or biannually, depending on the requirements for renewal in your area.
Without a business license, you operate illegally and are subject to various violations, fines, and other consequences. Without proper liability coverage for your facility, your company is responsible for covering the costs associated with each case. Small changes can be modified when you renew, but these changes must be made and recorded for your company. The New York State Department of State requires all appearance improvement companies that offer nail services to provide ventilation to capture and expel harmful contaminants, fumes and particles away from customers and workers.
There are several types of commercial liability insurance options that you can take advantage of and protect everyone who uses your facility. Whether you have a gym in the city limits or in the county, you must apply for and obtain approval for a business license through the local government. You are also eligible to go ahead with business operations, including taking out liability insurance for your facility. Once an amendment to the closure of operations is submitted, all associated area tenant licenses will be canceled.
When adding new employees or services to your gym, it's essential to ensure that your business license is up to date. Your business is not protected without a business license and could hold you responsible for property damage or bodily injury. An area renter is a licensed operator who works in an appearance improvement business, but is not an employee of the landlord.