Louisiana Health Club Bond

Louisiana Health Club BondLouisiana is home to some of the tastiest foods the South has to offer with jambalaya, gumbo, and bar-b-Que shrimp making people lick their fingers and their lips. People watching Justin Wilson prepare his New Orleans specialties were able to join in the feast of Creole and Cajun delights helping spread the Louisiana flavor far and wide. When there is good food around, there is going to be talk of exercise to help burn off the calories. One exercise resource is Louisiana Health Clubs, which are opening in towns across the state. Today, Jurisco discusses important Health Club Bond information for health clubs in Louisiana.

Home to Super Bowl Champions the New Orleans Saints and SEC dominants the LSU Tigers, Louisiana knows how to stay in shape. Lifting free weights, taking aerobic classes, meditating to yoga and swimming laps in a pool are only a few ways to help burn off the bar-b-que calories. In order for a health club to offer these classes and activities, though, they must operate with a health club bond. A health club bond is a type of surety bond protecting the consumer for fees paid in advance.

When people join a club and receive a membership they promise to pay a certain amount each month. A gym member who pays on May 1 is guaranteed use of the gym throughout the month. In the event the gym should close its business on May 15, the member is guaranteed to receive their payment back. The state of Louisiana mandates health clubs and gyms to have a health club bond guaranteeing their members any unpaid fees or dues should the gym close down. Without this bond, members of a health club are not protected against losing money.

Health Club Bond are common in Louisiana and are not viewed as “high risk” when compared to other surety bonds. Generally, the market for health clubs bonds is stable. Operating a gym without a surety bond is a high risk that can lead to huge financial losses (which only adds to the “out of business” woes). Jurisco can discuss the health club bond cost with you one-on-one to ensure you get the best rate for your surety bond. Contact us today for more information.

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