Archery Insurance for Ranges & Instructors: Cost & Quotes From $25/mo

Archery can be as enjoyable as paintball, but whether you own an archery business, run a club, or practice this sport, having the proper insurance coverage is crucial. It protects you, your employees, and your assets from potential accidents and unforeseen events. This guide will discuss the different types of insurance policies available for archery, their coverage limits, costs, and add-ons. Additionally, it will review some of the best insurance companies in the industry to help you make an informed decision.

General Liability Insurance for Archery

General liability insurance is essential for archery instructors, range owners, and clubs. It provides protection against claims from third parties for injuries or property damage during archery events or activities. The cost of general liability insurance for archery typically ranges from $25 to $80 per month, depending on the provider and coverage limits.

Key Coverage Details:

• Per Occurrence Limit: $1 million to $2 million
• Aggregate Limit: $2 million
• Products and Completed Operations Aggregate Limit: $1 million to $2 million
• Advertising Injury Coverage: $1 million
• Tenant’s Legal Liability Coverage: $5,000 to $300,000

Specific Situations Where This Insurance Can Help:

• Accidental injury to a participant or spectator during an archery event or activity.
• Damage to property caused by the archery instructor, range owner, or club during an event or activity.
• Accidents occurring during off-site events or performances.
• Negligence claims against the archery instructor, range owner, or club.

Add-Ons to General Liability Insurance for Archery:

• Equipment Coverage: Covers the cost of replacing bows and other archery equipment your business owns.
• Non-Owned or Hired Auto Liability Coverage: Covers accidents caused by a hired or borrowed commercial vehicle.

Necessity for Private Ranges: Even if you operate a private range, general liability insurance is crucial. Accidents can still happen, and as the range owner, you could be held liable for any injuries or damages. Therefore, having liability coverage in place is essential.

Providers and Costs:

• NEXT: $25 per month – Best overall, offering fast and comprehensive general liability insurance.
• CoverWallet: $29 per month – Ideal for comparing quotes online.
• The Hartford: $33 per month – Suitable for those prioritizing reputation and comprehensive coverage options.
• Thimble: $40 per month – Great for on-demand coverage.
• Hiscox: $80 per month – Recommended for those who prioritize quality customer service.

Professional Indemnity Insurance for Archery

Professional indemnity insurance (PII) is crucial for archery professionals who want to protect themselves from claims of negligence or mistakes made while providing services. This type of insurance covers errors and omissions that general liability insurance may not address. The cost of professional indemnity insurance generally ranges from $50 to $80 per month.

Key Coverage Details:

• Per Occurrence Limit: $1 million to $2 million
• Aggregate Limit: $1 million to $2 million
• Deductible: $500 to $10,000

Specific Situations Where This Insurance Can Help:

• Providing incorrect advice to a client on equipment selection or usage.
• Failure to properly instruct a client on proper archery techniques, leading to injury or damage.
• Damage to a client’s property during a session.
• Loss of client’s equipment due to negligence.

Necessity Despite Having General Liability Insurance: It is commendable to have both policies in place. While general liability insurance covers bodily injury and property damage claims, it may not cover claims of professional negligence or errors and omissions made by the archery professional. PII explicitly covers these types of claims, protecting your business.

Providers and Costs:

• NEXT: $50 per month – Offers comprehensive coverage for archery professionals.
• Thimble: $50 per month – Best for on-demand coverage tailored to specific needs.
• Hiscox: $80 per month – Ideal for those seeking strong financial stability and customer support.

Commercial Property Insurance for Archery

Commercial property insurance protects your business property, including buildings, equipment, and inventory, from damage or loss due to events like fire, theft, or vandalism. The cost of commercial property insurance typically ranges from $25 to $50 per month, depending on the coverage limits and provider.

Key Coverage Details:

• Building Coverage Limit: $25,000 to $500,000
• Contents Coverage Limit: $18,000 to $50,000
• Outdoor Signs and Property: $2,500 included in some policies
• Business Interruption Floater: Included in some policies

Specific Situations Where This Insurance Can Help:

• Damage to your archery equipment or inventory due to a covered incident, such as a fire or theft.
• Damage to your building caused by a covered event, such as a natural disaster or vandalism.
• Loss of income due to business interruption caused by a covered event, such as damage to your property that prevents you from operating your business as usual.

Add-Ons to Commercial Property Insurance for Archery:

• Equipment Breakdown Coverage: Covers the cost of repairs or replacement of equipment that has malfunctioned or been damaged due to a mechanical breakdown.
• Outdoor Property Coverage: Covers damage to outdoor property such as target stands, backstops, and netting.
• Inland Marine Coverage: Covers damage or loss to equipment while it is being transported or in transit.

Does It Cover Damage to Archery Equipment While in Use? Commercial property insurance may not cover damage to your archery equipment while it is in use. However, you may be able to purchase additional coverage, such as equipment breakdown coverage or outdoor property coverage, to ensure that your equipment is protected. Reviewing your policy carefully and speaking with your insurance provider to understand exactly what is covered is essential.

Providers and Costs:

• NEXT: $50 per month – Best for comprehensive coverage including outdoor property and business interruption.
• CoverWallet: $29 per month – Suitable for those needing flexibility in coverage options.
• The Hartford: $33 per month – Ideal for businesses looking for a strong reputation and range of coverage options.

Business Owner’s Policy for Archery

A business owner’s policy (BOP) combines general liability, commercial property, and business interruption insurance into one package. This policy provides comprehensive protection for small businesses in the archery industry. The cost of a BOP typically ranges from $25 to $50 per month.

Key Coverage Details:

• General Liability Aggregate Limit: $1 million to $2 million
• Commercial Property Coverage Limit: $25,000 to $500,000
• Optional Policies: Can be added depending on business needs

Specific Situations Where This Insurance Can Help:

• Bodily injury or property damage to a third party caused by the archery business operations or products sold.
• Damage or destruction of business property, such as buildings, equipment, and inventory, caused by a covered event such as fire, theft, or vandalism.
• Business interruption due to a covered event, such as property damage that prevents the archery business from operating as usual.

Is a Business Owner’s Policy Necessary for All Archery Businesses? All archery businesses should consider a business owner’s policy as it provides comprehensive coverage against various risks and liabilities. However, the specific insurance needs of each archery business may vary, and it is essential to consult with an insurance professional to determine the most appropriate coverage for your business.

Providers and Costs:

• Hiscox: $50 per month – Best for quality customer service and comprehensive coverage.
• NEXT: $25 per month – Ideal for small businesses seeking affordable and flexible policies.
• CoverWallet: $29 per month – Best for businesses that want to compare multiple coverage options.

Tools and Equipment Insurance for Archery

Tools and equipment insurance covers the loss or damage of archery gear, including bows, arrows, and targets. The cost of tools and equipment insurance typically ranges from $25 to $80 per month, depending on the coverage limits and provider.

Key Coverage Details:

• Aggregate Limit: $2,500 to $100,000
• Covers Hired and Borrowed Equipment: Yes, depending on the policy
• Miscellaneous Equipment: Coverage included in most policies

Specific Situations Where This Insurance Can Help:

• Theft of equipment and tools.
• Damage to equipment due to fire, vandalism, or natural disasters.
• Accidental damage to equipment during use.
• Loss of equipment during transport.

Add-Ons to Tools and Equipment Insurance for Archery:

• Inland Marine Coverage: Covers equipment and tools while they are being transported.
• Rented or Leased Equipment Coverage: Covers the cost of rented or leased equipment that got stolen or damaged due to fire, theft, vandalism, and other covered perils.

Is It Possible to Insure Custom-Made Archery Equipment Under This Policy? Yes, it is possible to ensure custom-made archery equipment under this policy. However, the policyholder must provide proof of the value and ownership of the equipment to the insurance provider.

Providers and Costs:

• NEXT: $25 per month – Provides comprehensive coverage including rented and borrowed equipment.
• Thimble: $40 per month – Offers flexible coverage options for small businesses.
• Hiscox: $80 per month – Ideal for businesses prioritizing high coverage limits and customer service.

Commercial Auto Insurance for Archery

Commercial auto insurance provides coverage for vehicles used in business operations, including the transportation of archery equipment, instructors, and clients. This policy protects the business owner from financial losses resulting from accidents, theft, or damage to the vehicle. The cost of commercial auto insurance typically ranges from $60 to $150 per month.

Key Coverage Details:

• Coverage Limits: $500,000 to $1 million, depending on the policy.
• Types of Vehicles Covered: Vans, trucks, and trailers used for business operations.

Add-Ons to Commercial Auto Insurance for Archery:

• Hired and Non-Owned Auto Liability Coverage: Covers liability claims resulting from accidents caused by vehicles not owned by the business but used for business operations.
• Uninsured Motorist Coverage: Covers damages and medical expenses resulting from accidents caused by uninsured or underinsured drivers.

Providers and Costs:

• NEXT: $60 per month – Provides comprehensive coverage for business vehicles.
• The Hartford: $100 per month – Suitable for businesses needing a range of coverage options for their fleet.

Accidental Medical Insurance for Archery

Accidental medical insurance covers the cost of medical treatment for injuries resulting from accidents while participating in archery activities. This policy is specifically designed for individuals and organizations involved in archery, such as clubs, ranges, and instructors. The cost of accidental medical insurance typically ranges from $20 to $40 per month.

Key Coverage Details:

• Coverage Limits: Depends on the policy, typically covering medical treatment, hospitalization, surgery, and related expenses.

Specific Situations Where This Insurance Can Help:

• Accidental injury while participating in archery activities.
• Accidents that occur while setting up or taking down archery equipment.
• Injuries resulting from the use of faulty or defective archery equipment.

Is Accidental Medical Insurance for Archery Necessary for Individuals Participating in Archery Activities? While accidental medical insurance is not mandatory for individuals participating in archery activities, it is highly recommended. The cost of medical treatment for injuries resulting from archery accidents can be high, and this insurance policy can help cover those expenses.

Providers and Costs:

• Thimble: $20 per month – Provides on-demand coverage for specific events.
• Hiscox: $30 per month – Offers comprehensive coverage for archery activities.

Workers Compensation Insurance for Archery

Workers’ compensation insurance is designed to benefit employees who are injured or become ill while performing their duties. It covers medical expenses, lost wages, rehabilitation costs, and death benefits in the event of a fatal injury. Employers are typically required by law to carry workers’ compensation insurance. The cost of workers’ compensation insurance generally ranges from $100 to $200 per month.

Key Coverage Details:

• Coverage Limits: Varies depending on the specific policy and state laws.
• Types of Coverage: Medical expenses, lost wages, rehabilitation costs, and death benefits.

Specific Situations Where This Insurance Can Help:

• Slip and fall accidents.
• Being struck by equipment or objects.
• Repetitive motion injuries.
• Back and neck injuries.

Add-Ons to Workers Compensation Insurance for Archery:

• Employer’s Liability Insurance: Provides additional coverage for employers whose employees sue for injuries or illnesses not covered under the workers’ compensation policy.

Is Workers’ Compensation Insurance Required for Archery Instructors Who Are Independent Contractors? The requirement for workers’ compensation insurance for independent contractors varies by state. In some cases, independent contractors may be exempt from the requirement, while in others, they may be required to carry their own coverage. It’s crucial for archery instructors who are independent contractors to check the laws in their state to determine whether they need workers’ compensation insurance.

Providers and Costs:

• The Hartford: $100 per month – Provides comprehensive coverage with a strong reputation.
• Hiscox: $150 per month – Offers tailored coverage for small businesses and independent contractors.

Archery Club Insurance

Like any other organization, archery clubs need insurance coverage to protect themselves from potential liabilities. Archery club insurance typically includes various policies covering different areas of risk. The cost of archery club insurance typically ranges from $50 to $200 per month, depending on the coverage and the size of the club.

Key Coverage Details:

• General Liability Insurance: Covers accidents or injuries on the club’s premises and any resulting legal fees.
• Commercial Property Insurance: Covers damage to the club’s property, including the building and any equipment.
• Event Insurance: Covers accidents or injuries during club-sponsored events, such as tournaments or fundraisers.
• Workers’ Compensation Insurance: Covers injuries sustained by employees while working for the club.

Providers and Costs:

• NEXT: $50 per month – Best for small to medium-sized clubs.
• The Hartford: $100 per month – Ideal for clubs needing a comprehensive package.
• Hiscox: $150 per month – Offers premium coverage for larger clubs.

Archery Insurance Costs

The cost of archery insurance varies based on the type of coverage, the limits chosen, and the specific needs of your business. On average, archery range insurance costs around $50 per month, while instructors may pay as little as $25 per month for general liability coverage. Here’s a quick overview of the costs associated with archery insurance:

• General Liability Insurance: $25 to $80 per month
• Professional Indemnity Insurance: $50 to $80 per month
• Commercial Property Insurance: $25 to $50 per month
• Business Owner’s Policy (BOP): $25 to $50 per month
• Tools and Equipment Insurance: $25 to $80 per month
• Commercial Auto Insurance: $60 to $150 per month
• Accidental Medical Insurance: $20 to $40 per month
• Workers Compensation Insurance: $100 to $200 per month
• Archery Club Insurance: $50 to $200 per month

Best Archery Insurance Companies

Selecting the right insurance provider is essential for ensuring that your archery business is adequately protected. Here are some of the top-rated companies offering archery insurance:

• NEXT: $25 per month – Best overall for comprehensive and flexible coverage, with a user-friendly online platform.
• CoverWallet: $29 per month – Ideal for comparing quotes online and finding the best coverage options.
• The Hartford: $33 per month – Best for those who prioritize reputation and a wide range of coverage options.
• Thimble: $40 per month – Great for instructors and small businesses needing on-demand coverage.
• Hiscox: $80 per month – Recommended for businesses seeking quality customer service and strong financial stability.

Conclusion

Insurance is a critical component of any archery business, providing protection against a wide range of risks and liabilities. By understanding the different types of coverage available and comparing costs among reputable providers, you can find the best insurance solution for your needs. Invest in the right insurance coverage today to safeguard your business and ensure long-term success.