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.
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.
| NEXT (Best) | CoverWallet | Thimble (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 | $2,500 | Excluded | $2,500 |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 |
| Money and securities | $2,500 | Excluded | $1,000 |
| Lock and keys | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Excluded | Included |
| Equipment breakdown floater | Included | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 |
| Employee dishonesty floater | $5,000 | Excluded | $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.
| NEXT (Best) | CoverWallet | Thimble | |
|---|---|---|---|
| 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? | Included | Yes | Included |
| Hired/non-owned auto liability coverage included? | No | Yes | Excluded |
| Equipment breakdown floater included? | Yes | No | Yes |
| Can you get a certificate of insurance online? | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes |
| 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.
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.
| CoverWallet | Thimble | NEXT (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? | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes |
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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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.
| 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 | $1,000,000 | Excluded | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $1,000,000 | $100,000 |
| Waiver of subrogation included? | Included | Excluded | Excluded |
| Hired/non-owned auto liability coverage included? | No | Excluded | Excluded |
| Equipment breakdown floater included? | Yes | Yes | Excluded |
| Can you get a certificate of insurance online? | Yes | Yes | No |
| Name additional insureds? | Yes | Yes | No |
| 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.
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.
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.
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 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
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 Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $11 | $132 | Best overall; Fastest general liability insurance for boxing instructors |
| CoverWallet | $13 | $156 | Boxing insurance quotes comparison online |
| Thimble | $15 | $180 | On-demand boxing gym insurance |
| USA Boxing | USA boxing doesn’t state the cost of its coverage | USA boxing doesn’t state the cost of its coverage | USA-based boxing professionals |
| Sadler | $16.16 | $193.92 | High-limit, low-cost general liability coverage |
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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.
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
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
Compare boxing insurance quotes online
Stable rates
Call and cancel a coverage anytime
Easy online policy management
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
Numerous add-ons to its business owner’s policy’s commercial property coverage
Quick to issue an estimate of your rates
On-demand coverage
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
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
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
Instant access to the certificate of insurance 24/7
Savings of up to 38% for boxing instructors
Coverage in all 50 states
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
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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