Equipment Coverage Insurance

Equipment Coverage for Cheer & Gymnastics Gyms

Your equipment is the heart of your business: spring floors and panel mats, balance beams, bars, vault, tumble tracks, foam pits, AirTrack systems, sound equipment, and the gear you haul to competitions and showcases. Equipment coverage — a form of inland marine insurance — protects this movable property against theft, accidental damage, and loss, both at your facility and away from it.

What's Covered

• Theft: Equipment stolen from your gym, a competition venue, or a vehicle
• Accidental damage: A mat, beam, or sound system damaged by an accident or mishap
• Transit coverage: Gear damaged or lost while being transported to an event, camp, or competition
• Off-premises coverage: Equipment used at clinics, showcases, school events, or rented venues
• Replacement cost: Settlement based on the cost to replace, not depreciated value

Why It's Separate From Property Coverage

Commercial property coverage is built around property at a fixed location. Inland marine / equipment coverage is designed for property that moves — exactly how competition mats, sound systems, and portable apparatus behave. Gyms that travel for competitions or run off-site clinics especially need this.

Newly Acquired & Scheduled Equipment

As you add apparatus or upgrade your floor, coverage should keep pace. We can include newly acquired equipment automatically up to a limit, and schedule high-value items individually so there's no surprise gap after a loss.

Pairing With Commercial Property

Think of commercial property as protecting your building and buildout, and equipment coverage as protecting the gear that travels and gets used hard. Together they make sure a theft or accident doesn't sideline your programs.