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Running a CrossFit Facility Tips and guidance on how to open and operate a CrossFit gym.

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Old 07-08-2009, 07:27 AM   #1
Robert Quinn
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Insurance Quote Question

How does an affiliate estimate their first year of sales in order to receive an insurance quote?
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Old 07-09-2009, 08:39 AM   #2
Josh Goedl
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Re: Insurance Quote Question

Give it your best guess. If the premium is based on sales that usually means they will audit you at the end of the year to either collect additional premium or refund back any "unused premium". (This is how a lot of commercial business policies and California Workers Comp works) Double check with the company to make sure that this is the case though. If it is, and you can afford it, you may want to guess high so you dont have a huge payment due at the end of the year.
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Old 07-09-2009, 10:23 AM   #3
Dan Hollingsworth
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Re: Insurance Quote Question

If you go with HTR, know that they will not give a refund if you don't meet your revenue projections. They will however come calling for more moolah if you guess low. I would recommend guessing a bit conservatively and just make sure you put away a bit of reserve cash in case you guess too low.
"Expecting elite fitness from comfortable effort is naive." - Coach Greg Glassman, CFJ 26
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Old 08-02-2009, 02:42 PM   #4
Toby Jurging
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Re: Insurance Quote Question

We are looking to move our box to a new location and that means we need to update our insurance. I would like a little help from others on recommendations for good insurance companies.

We are part of the RRG, so this is hopefully just a temporary fix. Thank you in advance for everyone's assistance.
Toby Jurging
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