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Boxing Insurance for Gym, Event & Instructor: Quotes From $11/month

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

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Boxing is a high-risk activity just like soccer and baseball, which means that accidents can still occur even with proper risk management and best practices. As such, you want to stay proactive by investing in boxing insurance either as a gym owner, boxing event organizer, or boxing instructor.

Boxing insurance is specialty insurance designed to protect the policyholder's financial assets and initial investments. Having this policy means that you are protected whilst carrying out any boxing-related activity.

Boxing Gym Insurance

You want to protect your investment on the leased, owned, or rented boxing gym. It’s also important to cover part-time and full-time employees. For such purposes, consider getting a boxing gym or boxing club insurance policy.

Boxing gym insurance offers different kinds of policies that grant protection against business property damage or loss, employee injuries, and other exposures. Let’s take a look at the most common inclusions of this insurance.


Commercial Property Insurance for Boxing Gyms


NEXT (Best)CoverWalletThimble (Best)
Building coverage limit (minimum)$160,000$50,000$25,000/$500,000
Contents coverage limit (minimum)$18,000$50,000$25,000/$500,000
Outdoor signs$2,500Excluded$2,500
Accounts receivableExcludedExcluded$5,000/$10,000
Money and securities$2,500Excluded$1,000
Lock and keysExcludedExcludedExcluded
Business interruption floaterExcludedExcludedIncluded
Equipment breakdown floaterIncludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000
Employee dishonesty floater$5,000Excluded$2,500

Commercial property insurance protects your boxing gym against fires, theft, vandalism, vehicles, aircrafts, and other exposures. Use the table above to compare features of commercial property insurance from companies we recommend.

This policy does the following when a covered perils happens:

  • Reimburse the value of the entire boxing gym if it’s completely destroyed

  • Reimburse the value of damaged structures and help you cover repair expenses if the gym only sustained damage

Commercial property insurance is underwritten as an actual cash value policy or replacement cost policy.

An actual cash value commercial property insurance reimburses the losses subject to the depreciated value of the boxing gym facility you own, rent, or lease.

On the other hand, a replacement cost commercial property insurance policy reimburses losses based on the original market price of the boxing gym.

General Liability Insurance for Boxing Gyms


NEXT (Best)CoverWalletThimble
Per occurrence limit$1,000,000/$2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000
Aggregate limit$1,000,000/$2,000,000$2,000,000$1,000,000/$2,000,000
Products and completed operations aggregate limit$1,000,000
$2,000,000
$2,000,000
Advertising injury coverage aggregate limit$1,000,000$1,000,000$2,000,000
Tenant’s legal liability coverage limit$100,000$300,000
$100,000
Waiver of subrogation included?IncludedYesIncluded
Hired/non-owned auto liability coverage included?NoYesExcluded
Equipment breakdown floater included?YesNoYes
Can you get a certificate of insurance online?YesYesYes
Name additional insureds?Yes
YesYes
Deductible$0$0$0

Cover any accidents that happen on the premises of your boxing gym by purchasing general liability insurance. The table above compares the features of general liability insurance from the recommended companies.

General liability insurance for boxing gyms and hockey teams will cover the resulting expenses when:

  • Someone slips and falls

  • Trips over something

  • Gets injured by a defective boxing equipment


General liability insurance can help if your boxing gym unintentionally sells merchandise that has errors in design, labeling, or packaging. Moreover, this insurance comes with business equipment coverage that helps to replace or repair equipment that got damaged because of fire, theft, vandalism, operator error, and impact.


Workers’ Compensation Insurance for Boxing Gyms

If you have full-time or part-time employees, then you should consider getting worker's compensation insurance. This policy covers the expenses in the event that one of your employees suffers a work-related injury.

This means that if an instructor gets injured while conducting a boxing class, the policy will cover the ambulance fees and emergency room fees. If they were to be hospitalized, then the policy would cover the bill while the employee was admitted to the hospital.

Further, the policy covers the medication or rehabilitation costs. Finally, the policy covers the income that the injured worker would have earned. This means that your employee would receive a weekly reimbursement equal to a percentage of the average weekly wage.


Business Owner’s Policy for Boxing Gyms


CoverWalletThimbleNEXT (Best)
General liability aggregate limit$2,000,000$1,000,000/$2,000,000$2,000,000
Commercial property coverage limit$50,000$500,000$160,000
Optional policies can be added?YesYesYes
Name additional insureds for free?YesYesYes
BOP discount?YesYesYes


You can bundle your boxing gym’s commercial property and general liability insurance into a business owner’s policy. By doing this, you enjoy easier policy management and cheaper premiums. Moreover, you can avail add-ons such as business interruption insurance, cyber liability insurance, and more. Use the table above to compare the business owner’s policy for boxing gyms.

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Boxing Coach & Instructor Insurance

Granted, as a boxing coach or instructor, you are trained not only to protect yourself but also your students just like what tennis coaches and football coaches do. Further, you also take great measures so that the boxing equipment you own doesn't get damaged during a session. 

However, even with the best of plans, something will ultimately go wrong. That's where boxing coach insurance comes in. 

Also sold as boxing instructor insurance, this consists of general liability, professional liability, and other business insurance policies that you’ll find useful as a boxing instructor. The sections below explain the functions of the common policies included in boxing coach & instructor insurance. 


General Liability Insurance for Boxing Coaches & Instructors


NEXT (Best)Sadler Sports USA Boxing
Per occurrence limit $1,000,000/$2,000,000$1,000,000/$6,000,000$1,000,000
Aggregate limit $1,000,000/$2,000,000$6,000,000$5,000,000
Products and completed operations aggregate limit $1,000,000$1,000,000/$5 ,000,000$1,000,000
Advertising injury coverage aggregate limit $1,000,000Excluded$1,000,000
Tenant’s legal liability coverage limit $100,000$1,000,000$100,000
Waiver of subrogation included?IncludedExcludedExcluded
Hired/non-owned auto liability coverage included?NoExcludedExcluded
Equipment breakdown floater included?YesYesExcluded
Can you get a certificate of insurance online?YesYesNo
Name additional insureds?Yes
YesNo
Deductible$0$100-$5,000$0

 

Consider this. A friend accompanies your student to the boxing club and decides to climb into the ring. While attempting to do so, they slip through the ropes and get caught, falling to the ground and ultimately breaking several ribs.

Further, consider this. You're putting on a small boxing show with the aim of drawing attention to your club. To market the upcoming event, you choose a logo for the new marketing material, but a competitor states that the logo was too similar to their own.

Both these scenarios represent situations in which you could be found liable as a boxing sports coach. To protect your vested interest, you want to purchase general liability insurance. 

Use the table above to compare the quotes of general liability insurance for boxing instructors and coaches. 

Exposures that’s usually included in the language of general liability insurance are:

  • Claims for bodily injuries

  • Claims for property damage

  • Claims for copyright infringement, slander, libel, and other related offenses 

 

General liability insurance reimburses the medical expenses of the claimant, refunds the value of the claimant's property, and pays for attorney's fees, administrative costs, and other expenses if a lawsuit is filed.


Professional Liability Insurance for Boxing Instructors and Coaches

Other than general liability insurance, you ought to invest in professional liability insurance for boxing instructors and coaches. 

Consider this. One of your clients might sue you, citing that the boxing regimen you recommended didn't bring the desired results. Moreover, a client might decide to sue you because the program you recommended caused harm. A frivolous claim might also be filed when a client loses a match despite following your advice. 

All of the above represent circumstances where a professional liability policy could come in handy. Also known as errors and omissions insurance, this will cover the legal fees, settlements, and court judgments if a claim is filed for negligence, inaccurate advice, breach of contract, and other related exposures. 

 

Product Liability Insurance for Boxing Instructors and Coaches

Further, suppose you sell boxing programs or workout supplements at the gym. In this case, you want to purchase product liability insurance. If any of the products you sell cause harm to a third party, the product liability policy will cover the cost of a claim. It covers all attorney fees, administrative costs, and other legal expenses that might arise.

 

Umbrella Liability Insurance for Boxing Instructors and Coaches

You ought to consider purchasing umbrella liability insurance for boxing. Some claims might cost more than what your general liability or professional liability policy will cover. To solve this problem, you should consider getting umbrella liability insurance. This policy supplements your professional liability or general liability insurance limits. 


Boxing Event Insurance

Boxing event insurance is a type of event insurance coverage that lasts for one day to a few weeks, depending on how it’s underwritten. 

Purchase this to insure boxing fundraising events, boxing tournaments, boxing exhibition matches, and other related activities in the boxing gym. 

Boxing event insurance doesn’t function alone. Rather, it consists of different insurance policies such as:

  • General liability insurance-Covers accidents that result in bodily injuries or property damage of event participants and spectators

  • Liquor liability insurance-Covers injuries or property damage sustained by a drunk attendee of your boxing event; Also covers the injuries or property damage of third parties as a result of an accident caused by the drunk guest

  • Cancellation insurance-Reimburses non-refundable expenses if your boxing event is delayed or canceled

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Boxing Instructor, Boxing Event, and Boxing Gym Insurance Cost

  • Boxing instructors and boxing coaches pay $32 per month or $384 per year for a $1 million general liability policy

  • The average boxing gym insurance cost is $38 per month or $456 per year for a $1 million general liability policy

  • Boxing event insurance cost $131 for a 1 day coverage. This assumes that you’re holding an amateur boxing match with 40 attendees


To give you further insights about the cost of a $1 million general liability insurance for a boxing gym or instructor, we’ve made this table that shows the rates of the best companies:


Cost per MonthCost per YearBest for
NEXT$11$132Best overall; Fastest general liability insurance for boxing instructors
CoverWallet$13$156Boxing insurance quotes comparison online
Thimble$15$180On-demand boxing gym insurance
USA BoxingUSA boxing doesn’t state the cost of its coverageUSA boxing doesn’t state the cost of its coverageUSA-based boxing professionals
Sadler$16.16$193.92High-limit, low-cost general liability coverage

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Best Boxing Insurance Companies

We examined the companies that grant comprehensive coverage to boxing gyms, instructors, or events. Read the reviews below to know the pros, cons, and cost of a $1 million general liability insurance of the best boxing insurance companies. 


NEXT Boxing Insurance

Pros

  • Best overall

  • Get an online proof of insurance and send as a text message, email, or social media post

  • Fastest general liability insurance for boxing instructors and gyms

  • Great customer service and reputation

  • Issues an online proof of insurance instantly

  • Outstanding value for money

  • Bundle two or more insurance policies and get a 10% discount

Cons

  • NEXT doesn’t sell boxing events insurance

NEXT covers boxing instructors through its martial arts insurance program. With NEXT, you get instant coverage that offers a 10% discount if you decide to get two or more insurance policies. Here’s a quick summary of this company’s basic, premiere, and deluxe insurance for boxing instructors and gyms:

  • General liability insurance with a $1 million per occurrence and $2 million aggregate limit

  • Professional liability insurance with a $1 million per occurrence and $2 million aggregate limit

  • Commercial property insurance with a $160,000 building coverage and $18,000 contents coverage 

  • $1 million employer’s liability insurance

  • Workers compensation insurance

  • Waiver of subrogation

 

Best for: Best overall; Fastest general liability insurance for boxing instructors

Average cost: $11 per month

Our rating: 10/10

 

CoverWallet Boxing Insurance

Pros

  • Compare boxing insurance quotes online 

  • Stable rates

  • Call and cancel a coverage anytime

  • Easy online policy management

Cons

  • Not an insurance company but an insurance broker 

  • Doesn’t cover boxing instructors or coaches

CoverWallet covers boxing gyms, clubs, and boxing event organizers. It doesn’t cover instructors or coaches. 

Your boxing insurance from this company is underwritten by partners. CoverWallet only helps you compare quotes through its platform and purchase a desired coverage online. 

Note that this company also sells boxing events insurance that offers a general liability policy, cancellation coverage, and liquor liability insurance. 

Best for: Boxing insurance quotes comparison online 

Average cost: $13 per month

Our rating: 10/10



Thimble Boxing Insurance

Pros

  • Numerous add-ons to its business owner’s policy’s commercial property coverage

  • Quick to issue an estimate of your rates

  • On-demand coverage

Cons

  • You can’t reach customer service by calling 

Thimble’s boxing insurance is only available by boxing gyms. It offers a business owner’s policy and workers' compensation insurance. Here’s a quick summary of the features of Thimble’s business owner’s policy for boxing gyms:

  • $1 million-$2 million general liability insurance

  • $25,000-$500,000 commercial property insurance with numerous add-ons

  • Non-owned/hired auto liability coverage available

 

Best for: On-demand boxing gym insurance 

Average cost: $15 per month

Our rating: 9/10


USA Boxing Insurance

Pros 

  • Policies are paid out within 45 days of the carrier receiving complete information 

  • By virtue of being underwritten by Chubb, policyholders are assured of superior financial standing 

  • Event participants are covered, which includes fans during a boxing event 

Cons

  • Only annual payments are accepted

  • Equipment coverage is excluded from the boxing policy

  • Certificates are not automatically renewed

USA Boxing (Team USA) members are offered comprehensive coverage for sports accidents and liability claims. The latter is a member of the Chubb Group of Companies and underwrites the policy from January 1 through December 31 each year.

Note that the carrier mandates the policyholder to fill out an Injury Report Form as the usual hospital or clinic’s standard claim will not suffice. Further, all claims must be filed within 30 days, or otherwise, the carrier adjudicates itself from meeting the costs.

The USA boxing insurance policy provides a number of benefits, including claims arising from:

  • Ownership, maintenance, or use of a venue or facility

  • Liability assumed under contracts

  • Libel, slander, copyright infringement, or invasion of privacy

  • All sanctioned and supervised activities necessary or incidental to conduct of boxing practice or competition

  • Host liquor liability

  • Supervised activities, including award ceremonies


The limits of the USA boxing insurance include:

  • Products/Completed operations aggregate limit of $1 million

  • Personal and advertising injury limit of $1 million

  • Each occurrence limit of $1 million

  • Damages to premises limit of $100,000

  • Excess liability per occurrence limit of $1 million

  • Excess liability aggregate of $1 million


It is important to mention that the policy has a general aggregate of $5 million. This means that the carrier is only liable for up to $5 million in collective claims per year. Note that there are exposures not included in the policy. Exclusions include:

  • Injury or death of an employee

  • Property damage to animals

  • Intentional acts

  • All auto exposure

  • Coverage for negligence only of the insured parties


USA Boxing is not forthcoming with any information on the cost of the boxing insurance for gyms, instructors, or events. Prospective policyholders are encouraged to get in touch for custom quotes.

 

Best for: USA-based boxing professionals 

Average cost: USA boxing doesn’t state the cost of its coverage

Our rating: 7/10


Sadler Sports Boxing Insurance

Pros

  • Instant access to the certificate of insurance 24/7

  • Savings of up to 38% for boxing instructors 

  • Coverage in all 50 states 

Cons

  • Customer support is only available online 

  • A 15% fee is charged to all prospective policyholders at the application 

Sadler Sports and Recreation Insurance, founded in 1946, is the main division of Sadler & Company, Inc. It has since then evolved to be a top insurance carrier for sports professionals, including boxing instructors. What stands out most about Sadler Sports is that the insurer provides quality coverage at a relatively cheap price.

The cheapest boxing insurance package from Sadler Sports costs $16.16 monthly or $194 annually. For this, you get:

  • $1 million per occurrence limit

  • $5 million general aggregate limit

  • $1 million products/completed operations aggregate limit

  • Personal and advertising injury coverage of up to $1 million

  • Damage to premises rented to you coverage of up to $1 million

  • Medical expense payments of up to $5,000

  • Bodily injury to participants coverage of up to $1 million

  • Professional liability coverage with a $1 million limit


Best for: High-limit, low-cost general liability coverage

Average cost: $16.16 per month

Our rating: 7/10


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