Insurance and Legal Flashcards
Insurance to protect a trainer/instructor against professional negligence or failure to perform as a competent and prudent professional would under similar circumstances.
Professional Liability Insurance - Definition
Insurance Guidelines - 1 of 2 - Cover
Cover personal injuries that may occur as a result of an exercise session
Insurance Guidelines - 2 of 2 - Retain
Retain at least $1 million in coverage
Specific additions to a standard insurance policy
Rider - Definition
Insurance that provides additional coverage beyond other insurance such as professional liability, home, automobile.
Umbrella Liability Policy - Definition
Contract Law - Elements - 1 of 4 - An
An offer and acceptance: mutual agreement to terms
Contract Law - Elements - 2 of 4 - Consideration
Consideration: an exchange of items of value
Contract Law - Elements - 3 of 4 - Legality
Legality: acceptable form and subject under the law
Contract Law - Elements - 4 of 4 - Capacity
Capacity: such as majority age and mental competency
Contract Between Facility/Participant and GFI - Elements - 1 of 6 - Identification
Identification of the parties: GFI and participant/club
Contract Between Facility/Participant and GFI - Elements - 2 of 6 - Description
Description of the services to be performed: group fitness instruction and consultation
Contract Between Facility/Participant and GFI - Elements - 3 of 6 - Compensation
Compensation: an agreed upon wage or fee per hour, day, month, or class, and payment method
Contract Between Facility/Participant and GFI - Elements - 4 of 6 - Confidential
Confidential relationship: agreement by each party not to divulge personal or business information gained through the relationship
Contract Between Facility/Participant and GFI - Elements - 5 of 6 - Business
Business status: confirmation of employment status
Contract Between Facility/Participant and GFI - Elements - 6 of 6 - Term
Term and termination: express definition of the length of the contract and the conditions under which termination is allowed by either party
A person who conducts business on his or her own on a contract basis and is not an employee of an organization
Independent Contractor - Definition
A person who works for another person in exchange for financial compensation. An employee complies with the instructions and directions of his or her employer and reports to them on a regular basis.
Employee - Definition