Venture Programs launches new program to offer quality insurance products to businesses focused on fitness, wellness and spa services.
West Chester, Pa.—August 2, 2017—Venture Programs, a national insurance program administrator, today announced it has launched FITLIFE™, a fitness, wellness and spa program. The new program is designed to improve the coverage, risk management and claims handling available to fitness and spa businesses.
FITLIFE will provide a variety of insurance products and services for health clubs, tennis/racquet clubs, athletic clubs, gyms, destination and day spas, aerobics, mind-body, Pilates, fitness franchise operations and other niche fitness studios.
“Venture Programs continues to grow and build on our success in the golf, hospitality, hunting and fishing and commercial marine industries by adding specialized programs for fitness and spa facilities,” said Philip J. Harvey, president of Venture Programs. “We recognized a demand in the fitness and wellness market for higher quality insurance services tailored to the specific needs of this niche. With FITLIFE, we hope to help these business owners secure the superior coverage and claims services they need to succeed and grow.”
The FITLIFE program will be offered in 47 states, excluding Louisiana, Montana and Virginia. Coverages available include: property, crime, general liability, professional liability, liquor liability, commercial auto, cyber risk and privacy liability, umbrella liability, D&O and EPLI. Agents and brokers working with FITLIFE will receive the benefits of Venture’s exclusive underwriting authority with a national carrier rated A+ by A.M. Best Company.
Adding to the value of this program, FITLIFE policyholders will receive access to a new-to-market innovative risk management tool aimed at improving safety and compliance. Safety Tag, a mobile, cloud-based platform, allows users to conduct background checks, track compliance, access safety files and log injuries, among other things. Other risk management services are also available including: WellWorks, a program offering online fitness and nutrition tools; and a new resource center, offering operational safety reminders and checklists geared toward spa and fitness center risks.
Set apart from the competition, FITLIFE, policyholders will gain access to other specialty insurers, enhanced coverage forms and added catastrophe capacity. Additionally, FITLIFE will be equipped to handle facilities with multiple locations, provide access to large deductible alternatives and offer competitive pricing.
“We are very excited to launch this new line of business for Venture Programs,” said John Welty, practice leader. “Fitness centers, spas and wellness centers are a fixture in our communities and our team is looking forward to helping secure the best-in-class coverage these businesses need to protect their futures.”
About Venture Programs
Venture Programs is a leading program manager that designs, underwrites and distributes industry-specific insurance packages. Based in West Chester, Pa., Venture has underwriting alliances with the world’s leading carrier groups, including Old Republic, Chubb, Allied World, Hamilton, RSUI, USLI, Zurich North America, Monitor and Lloyd’s of London. Founded in 1993, Venture provides specialty insurance packages for select vertical industries—including golf and country clubs, resorts, hotels, hunting and fishing lodges, and city and social clubs, as well as commercial marine, fitness and spa facilities and hard-to-place property risks. Visit http://www.ventureprograms.com/.