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If you own or operate a skatepark, it is essential to have insurance to protect your business and customers from accidents and incidents.  Skatepark insurance covers liability, property damage, workers’ compensation, and other potential risks associated with skateparks. This article will explore the different skatepark insurance policies available.Â
General Liability Insurance for Skate Parks
General liability insurance is a policy that provides coverage for legal and financial responsibilities that a skate park owner may face in case of accidents, injuries, or property damage caused by the skate park’s operations.Â
Coverage limits normally range from $500,000 to $2 million. Some insurance companies may offer higher coverage limits as well.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $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 | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
Public Liability Insurance for Skate Parks
Public liability insurance for skate parks provides coverage to the owner of a skate park in case of legal claims or financial damages resulting from incidents on their premises.
The coverage limit for public liability insurance ranges from $1 million to $5 million, depending on the level of risk involved and the type of skate park.
Commercial Property Insurance for Skate Parks
Commercial property insurance for skate parks protects your business property, including your building, equipment, inventory, and other physical assets.
 This type of insurance can provide financial protection against losses or damages caused by unexpected events such as fire, theft, vandalism, and natural disasters.
The coverage limit for skateboard park insurance varies based on the value of the insured property. It’s essential to ensure adequate coverage to replace or repair your property in case of loss or damage.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
| Building coverage limit (minimum) | $50,000 | $340,000 | $25,000/$500,000 | $35,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $35,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
Business Owner’s Policy for Skate Parks
A business owner’s policy (BOP) is a packaged insurance policy that combines property and liability coverage for small and medium-sized businesses, including skate parks.
 It offers a comprehensive solution to protect your business against various risks that it may face, such as property damage, liability claims, and loss of income. The coverage limits of a BOP for skate parks may vary depending on several factors, such as the park’s size, location, value of the property, and level of risk.
Tools and Equipment Insurance for Skate Parks
This insurance for skate parks provides coverage for loss, theft, or damage to the tools and equipment used in the operation and maintenance of the skate park. Tools and equipment including skateboards, protective gear, ramps, rails, and other equipment.
They offer coverage for tools and equipment insurance for skate parks vary depending on the value of the insured equipment and the specific policy.
| NEXTÂ | Thimble | Hiscox | |
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 |
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Workers’ Compensation Insurance for Skate Parks
Workers’ compensation insurance benefits employees injured or ill while on the job. This skateboard park insurance policy covers medical expenses, lost wages, and rehabilitation costs for injured workers.
Generally, workers’ compensation insurance depends on the state and the business size.
Skatepark Insurance Cost
The average skatepark insurance cost is $55 per month or $660 per year for a $1 million general liability insurance. Premiums depend on various factors such as the skate park’s location, the park’s size, the number of employees, the type of insurance policies purchased, and the coverage limits.
| Cost per Month | Cost per Year | Deductible | |
| General liability insurance | $55 | $660 | $0-$500 |
| Commercial property insurance | $57 | $684 | $500-$1,000 |
| Business owner’s policy | $113 | $1,356 | $1,000-$2,000 |
| Workers comp insurance | $125 | $1,500 | $1,500 |
| Tools and equipment insurance | $59 | $708 | $500-$1,000 |
Best Skate Park Insurance Companies
NEXT Insurance
It is a digital insurance company that provides business insurance coverage for skate parks in the United States. They offer comprehensive insurance policies such as general liability insurance, product liability insurance, commercial property insurance, and more
Average cost: $25 per month.
Our rating: 10/10
Pros
- NEXT Insurance offers affordable monthly rates
- Their user-friendly online platform makes managing policies and file claims easy
- They offer a fast and easy claims process
- They have a solid reputation for providing excellent coverage and customer service
Cons
- Couldn’t find any
CoverWallet
CoverWallet is an online insurance platform catering to small and medium-sized businesses by offering various insurance products. They collaborate with multiple insurance providers to offer personalized coverage options to their clients.
Average cost: $50 per monthÂ
Our rating: 9/10
Pros
- Offers a simple and user-friendly online application process
- Provides customized insurance policies adjusted to specific business needs
- Offers a variety of insurance products in addition to business insurance
- Dedicated customer service team available for support
Cons
- Not an insurance company but an insurance broker
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The HartfordÂ
The Hartford is a leading provider of commercial insurance products for businesses of all sizes. They offer specialized coverage options for various industries, including sports and recreation.
Average cost: $100 per month
Our rating: 9/10
Pros
- Offers specialized coverage options for sports and recreation businesses
- Provides customizable insurance policies tailored to specific business needs
- Has an A+ rating from A.M. Best for financial strength
- Offers various discounts and rewards for policyholders
Cons
- Some customers have reported poor customer service experiences
Tivly
It is an online insurance firm that offers customized insurance policies catering to specific sports and recreation sectors. Call now to compare quotes over the phone.Â
Best for: Comparing skate park insurance quotes over the phoneÂ
Average cost: $50 per month
Our rating: 8/10
Pros
- Provides coverage for a wide range of risks and liabilities
- Offers affordable rates and flexible payment options
- Has a user-friendly online application process
Cons
- No online quotes
Thimble
Thimble is an online insurance provider that caters to independent contractors by offering professional liability insurance for consultants, which is included in their general liability insurance coverage.
Average cost: $60 per month
Our rating: 8/10
Pros
- Their application process is straightforward and easily accessible through their online platform
- They provide cost-effective rates and flexible payment plans
- Offers personalized and adaptable insurance policies that cater to a diverse range of sectors, including the sports and recreation industry
Cons
- Coverage may be limited compared to traditional insurance policies
HiscoxÂ
Hiscox is a global insurance company that provides commercial insurance coverage for businesses of all sizes. They offer specialized insurance products for various industries, including sports and recreation.
Average cost: $100 per month
Our rating: 8/10
Pros
- If unsatisfied with the service, you can get a full refund within 14 days of purchase.
- A skatepark insurance team with expertise in insurance needs
- Has an A rating from A.M. Best for financial strength
- You can buy a consultant insurance policy through an online platform
Cons
- BOP is exclusively available to businesses with fewer than ten employees
- One potential drawback of Hiscox is that its insurance policies may not offer comprehensive coverage for policyholders
