Go-karting is an adventurous event. It offers a thrilling experience as your customers race around the track at very high speed and compete to achieve the best lap times.
 But a go-kart can overturn or collide with another go-kart.Thats why it is vital to have go kart business insurance .
Although these tracks have safety equipment, you must insure your go-kart venue. Accidents are inevitable; a go kart track insurance will cushion your business from arising financial losses.
General Liability Insurance for Go-Kart Tracks
General liability insurance is integral for go kart track businesses. This insurance will protect your business from lawsuits and claims after an accident. It covers accidents such as flips and collisions of the go-tracks. The insurance will cover the following incidents:
- Bodily injury–A customer is injured while operating a go-kart. The insurance covers medical, legal, and other related costs
- Property injury–The go-karts can also cause property damage. The insurance will cover replacement and repair expenses
- Product liability–The go-kart or any other equipment can malfunction and cause injuries to your clients. The insurance covers legal and defense costs
General liability insurance coverage limits for go-kart tracks are $1 million to $2 million. But note that you can opt to get more.Â
CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
Waiver of subrogation included? | Yes | No | Included | Can be included | No |
Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
Deductible | $0 | $0 | $0 | $0 | $0 |
Commercial Property Insurance for Go-Kart Tracks
This kart racing insurance covers your property, such as buildings, inventory, equipment, and other physical assets. This insurance covers multiple perils such as:
- Fire
- Water damage
- Weather-related damages
- Theft
- Vandalism
- Natural disasters
The coverage limit for commercial property insurance is $100,000 and above. But this amount depends on your property’s value and policy terms.
CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
Business interruption floater | Excluded | Included | Included | Included | Excluded |
Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
Business Owner’s Policy for Go-Kart Tracks
A business owner’s policy (BOP) offers comprehensive insurance coverage for your go-kart track business. This policy merges different policies into one policy. It typically includes:
- General liability insurance
- Commercial property insurance
Combining these two policies is a cost-effective strategy. It also helps to manage your policy conveniently. Additionally, you can tailor the BOP to meet your business needs.
The coverage of BOP is $500,000 to $2 million for each occurrence. The actual coverage limits depend on your business’s needs and your policy’s terms.
CoverWallet | Thimble (Best) | NEXTÂ | Hiscox | The Hartford | |
General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $75,000 |
Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
BOP discount? | Yes | Yes | Yes | Yes | Yes |
Get all the best quotes from leading providers in a click of a button!
Tools and Equipment Insurance for Go Kart Tracks
Your go-kart track business relies on expensive equipment and tools to operate. You need to insure these items are from common perils such as theft, fire, and vandalism. The tools and equipment insurance will provide coverage if your items are damaged or lost due to a covered event.
NEXTÂ | Thimble | Hiscox | The Hartford | |
Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
Deductible | $500 | $500 | $0 | $0 |
The coverage limit for this type of go kart track insurance is $10,000 to $250,000. But the insurer will have to estimate the value of your items to get the best coverage limit.
Commercial Auto Insurance for Go Kart Tracks
This type of go kart business insurance covers your business-owned vehicles. It will cover all the commercial vehicles you use to operate your go kart track. Some of the perils covered include:
- Accidents and collisions
- Theft or vandalism of the vehicle
- Â Fire or explosions
- Bodily injury
- Property damage
- Injuries sustained by employees while using the vehicle
- Damage to other vehicles or property caused by the insured vehicle
Components of Commercial Auto Insurance for Go Kart Tracks
- Liability coverage–This protects you if you or one of your employees causes an accident while driving a business-owned vehicle
- Collision coverage–Covers your business vehicles in case of collision with other vehicles or objects
- Medical payments coverage–Pays for the medical expenses of the passengers after an accident involving your business vehicles
- Roadside assistance coverage–Helps with the cost of roadside assistance services if your business-owned vehicle breaks down
- Rental reimbursement coverage–Will cover the costs of rental vehicles if your business vehicles are in the shop for repairs following an accident
The coverage limit for commercial auto insurance is $500,000 to $1 million for each occurrence. But your business can receive higher limits depending on the number and value of your vehicles.
Workers’ Compensation Insurance for Go-Kart Tracks
A go kart track business attracts a measurable amount of risks. Your employees are not immune from these risks. They can get injured or fall ill while working. Worker’s compensation insurance covers hospital bills. It also offers rehabilitation and death benefits.
The coverage limit of workers’ compensation insurance for go kart track depends on which state you’re operating. Check with the workers comp board of the state to know how much coverage your workers comp insurance can provide.Â
Go Karting Travel Insurance
Go karting travel insurance will cover you while you are traveling for racing, either for joining a competition or for leisure. It covers medical expenses, trip collection costs, and other related costs. Travel insurance is usually purchased as short-term coverage that grants protection until the trip has been over.Â
Go Kart Track Insurance Cost
The average go kart track insurance cost is $92.24 per month or $1,106.88 per year for a $1 million general liability coverage. Factors that affect the cost of premiums are claims history, business history, deductibles, policy limits, and more.Â
Cost per Month | Cost per Year | Deductible | |
General liability insurance | $92.24 | $1,106.88 | $0-$500 |
Commercial property insurance | $100 | $1,200 | $1,000-$2,000 |
Business owner’s policy | $192 | $2,304 | $1,500 |
Tools and equipment insurance | $96 | $1,152 | $500-$1,000 |
Commercial auto insurance | $99 | $1,188 | $500-$1,000 |
Workers compensation insurance | $118 | $1,416 | $2,500-$5,000 |
Travel insurance | $94 | $1,128 | $0-$500 |
Get all the best quotes from leading providers in a click of a button!
Best Go-Kart Track Insurance Companies
NEXTÂ
NEXT is an outstanding insurance provider for small businesses. They offer their policies online, allowing you to quickly acquire a policy and file claims. This company does not specialize in specific industries, but all types of businesses can get single or bundled policies.
Average cost: $78.33 per month
Our rating: 10/10
Pros
- Best overall
- Issues an online proof of insurance instantly
- Fastest general liability insurance for go kart tracks
- Great customer service and reputation
- Excellent rates
- Outstanding value for money
- Get a 10% discount if you buy two or more policiesÂ
Cons
- Couldn’t find any
CoverWallet
CoverWallet works with multiple providers to offer you the best quotes. This company will assist you in getting the best quotes depending on your needs. They also have a website to manage your policies and claims easily.
Average cost: $81.17 per month
Our rating: 10/10
Pros
- Instant quotes
- Easy application process
- Can compare quotes from different providers
Cons
- Not an insurance company but an insurance broker
The HartfordÂ
The Hartford offers small and large businesses specialized insurance products. You can rely on them to offer your go-kart track business the best deals. They avail tools and resources that help you manage your insurance policies.
Average cost: $79.50 per month
Our rating: 10/10
Pros
- Fast claims processing
- Have local agents available
- Ideal discounts for AARP members
Cons
- Limited policies
TivlyÂ
Tivly is a well-known insurance agency. It works with over 200 insurance providers to offer your business the best deals. You can conveniently select a provider that suits your budget and needs. Call now to compare quotes over the phone.Â
Average cost: $91.67 per month
Our rating: 9/10
Pros
- Compare quotes over the phone
- Affordable prices
- Works with many providers
Cons
- No mobile app
ThimbleÂ
Thimble is an insurance provider that offers on-demand policies. You can acquire insurance coverage for a temporary or one-time project. They offer coverage even for hours, days, or months.
Average cost: $110.17 per month
Our rating: 9/10
Pros
- On-demand policies
- Numerous add-ons to general liability insurance
- You can purchase general liability insurance as a short-term coverage
Cons
- Customer support is only available online
Hiscox
Hiscox is another reputable insurance provider. It sells crucial insurance products to businesses. You can easily purchase their policies online and make claims on their website.
Average cost: $112.57 per monthÂ
Our rating: 9/10Â
Pros
- 14-day money-back guarantee
- Easy-to-use online platform
- Discounts available
Cons
- Online quoting not available all the time due to periodic site maintenance