San Diego State University Business Insurance Coverage Discussion

Aztec Wellness Co. is a new, up-and-coming business. They have one brick and mortar location near the SDSU campus, just acquired, which will provide the following services:

• On-site fitness center, classes, and personal training
• Online/virtual fitness instruction
• Nutrition and wellness advice/guidance
• Aztec Wellness-branded fresh-squeezed juices, energy drinks, and supplements (retail and/or online sale)

This flagship location has about $100,000 in exercise equipment that the four owner/officers (CEO, CFO, COO, and VP) just purchased. They’ve hired a staff of 10 – 4 trainers, 2 wellness coaches, 2 baristas, 1 IT/web designer, and 1 bookkeeper. The owners will be in charge of marketing, promotion, and sales.

Aztec Wellness Co. has chosen Snapdragon Insurance Services to assist them in procuring a Commerical Package Policy. Their broker recommends a long list of coverages. What are at least 3 coverages you think belong on that broker’s list, and why? What protection would those coverages provide Aztec Wellness Co. in the case of various potential claims?