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As a sports coach, you get to pass your love for the game and inspire players under you to bring out their very best. Regardless of the type of sports coaching, you provide guidance, training, and development to the players you work with.
Similar to being a health coach or a career coach, there are hidden dangers to being a sports coach. Some of the common reasons why you could get sued as a sports coach include:
Sports coach insurance is mostly sold depending on the type of coaching you undertake. If you are a tennis coach, you are going to need tennis coach insurance.
If you are a basketball trainer, you are going to need basketball trainer insurance.”
Players can file a claim against you if an accident happens during practice, and they get injured or sustain property damage. This is why you need a general liability insurance policy.
General liability insurance protects you against claims for bodily injuries or property damage that clients, contractors, and other third parties file. Other exposures covered in the language of general liability insurance are:
General liability might come with sexual abuse and molestation coverage. The coverage takes care of settlements, defense costs, and court judgments if a fitness trainer or sports coach is accused of sexually harassing or assaulting a client.
If you are a boxing coach, you are going to need boxing coach insurance.
Public liability insurance for football coaches covers a third party’s claim for bodily injuries or property damage. This is offered as part of a general liability policy in the USA. This isn’t commonly offered as a stand-alone policy in long-term business insurance plans. However, you can also find cheap special event insurance online, which is a great option for temporary coverage.
Professional Indemnity Insurance protects you and your business in the event of claims of negligence, mistakes, or failure to deliver your professional duties as stipulated within your contract.
The essence of general liability and professional indemnity insurance for football coach insurance, tennis coaches, and sports coaches is that it takes on all the financial consequences of risks faced during coaching activities.
This policy protects your business in the event one of the experts in your employment gets injured while dispensing duties related to your coaching business. The policy meets the costs of treatment and lost wages.
Employer’s liability insurance is usually offered as part of workers’ compensation insurance. Some insurance companies give you the liberty of removing it to make workers comp insurance cheaper while others don’t.
Another policy that provides help when employment-related claims are filed is employment practices liability insurance. Employment practices liability insurance covers costs when employees file a claim and accuse you of:
As highlighted, sports coaching is a physical activity, and there is a chance that you or key members of your staff might be injured while coaching. As such, consider getting personal accident insurance aside from workers’ compensation insurance.
The policy covers all the medical bills, lost wages, and other costs that result from a work-related accident.
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You will find sports coaching company insurance handy for insuring the office and sports equipment.Commercial property insurance will reimburse your loss if business properties get damaged or lost because of:
Additionally, Commercial property insurance might also come with an inland marine insurance floater. An inland marine insurance floater reimburses your losses if work equipment gets damaged or lost during a trip.
Expect to pay $34 per month or $408 per year for a $1 million general liability insurance. This sports coach insurance cost estimate assumes that you have 5 employees and make $500,000-$750,000 per year. Carriers calculate the premiums you pay based on several factors, including:
Once agents review this information, you will be presented with a list of options and amounts of coverage.
Average cost: $16 per month
Average cost: $20 per month
Average cost: $22 per month
Thimble grants coverage through its instructor insurance program. Policies you can get are general liability and workers compensation insurance.
Thimble also gives you the liberty of adding an equipment breakdown floater and customer property floater to general liability insurance.
Average cost: $26 per month
Hiscox covers you through its sports instructor insurance package. It allows you to upgrade your policies for comprehensive coverage. You get a 5% discount if you bundle two or more insurance products.
Average cost: $28 per month
Protectivity is a leading market player in the sports coaching insurance landscape. Its sports coaching policy is underwritten by AXA, meaning that policyholders will be working with an insurer with good financial standing. Business insurance limits can be up to $10 million.
Average cost: $34 per month
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