Sports Facility Insurance: Cost & Quotes From $11

Sports activities are dangerous as accidents can easily happen. In turn, your sports facility can be sued for the injuries of the participants and spectators. Specialized sports centre insurance protects you against the resulting costs. 

Read this guide to know Sports facility insurance works, how much it costs, and the best companies. We’ll also discuss the specialized insurance for water sports centers, climbing walls, indoor sports centers, and soccer fields. 

General Liability Insurance for Sports Facilities 

All carriers allow you to get a general liability policy from your sports facility insurance. General liability insurance provides protection when you’re sued for personal injuries or property damage. It will :

  • Cover the medical treatment or reimburse the medical expenses of the person who got hurt due to the activities in your sports facility 
  • Reimburse the value of the property of the claimant that sustained damage or got broken due to the operations of your sports facility 

General liability insurance only provides coverage if the personal injury or property damage claim is filed by someone who isn’t directly associated with your sports facility’s day-to-day operations. Examples are vendors, participants, spectators, and clients.

Indoor Sports Facility Insurance 

Indoor sports facility insurance is a tailored protection for facilities used for badminton, tennis, volleyball, basketball, and other indoor sports. 

General liability insurance for indoor sports facilities covers property damage or personal injury claims resulting from spectators. It has a $1 million-$2 million per occurrence limit. Participant accident coverage can be added to its terms. 

Liquor liability insurance is offered as a stand-alone coverage. This has a $500,000-$2 million per occurrence limit. Other inclusions in an indoor sports facility insurance plan are workers compensation, commercial property, and employer’s liability insurance.  

Sports Facility Commercial Property Insurance 

Understand that commercial property insurance only helps if damage or destruction is caused by any of the following risks:

  • Sinkhole collapse
  • Fire
  • Vandalism
  • Theft
  • Malicious mischief
  • Volcanic action
  • Impact
  • Aircraft
  • Vehicles
  • Lightning
  • Winds
  • Hail
  • Other covered perils 

Commercial property insurance can be added with contents coverage. Contents coverage will reimburse losses if sporting equipment, installations, fixtures, documents, and other valuables in your sports facility are damaged or destroyed by the above perils. 

In a replacement cost coverage, commercial property insurance refunds the original market value of a covered property. And so, you also get $1 million from commercial property insurance if your sports facility is worth $1 million. 

Water Sports Centre Insurance 

Water sports centre insurance is a protection carriers especially underwrite for sports facilities used for kayaking, fishing, swimming, waterskiing, and other water sports. 

A public liability policy is available from water sports centre insurance plans. Similar to general liability insurance, this covers personal injury and property damage claims. This has a $1 million-$2 million per occurrence limit. 

Sports Facility Workers’ Compensation Insurance 

Buying workers’ compensation insurance is the best way for your sports facility to compensate an injured or sick employee without incurring losses. Particular costs this insurance covers are the following:

  • Medical expenses-It covers ambulance fees, emergency room fees, and other related expenses if your sports facility’s employee sustains an injury due to a work-related accident 
  • Lost wage-Your sports facility must cover lost wages if an employee can’t work for days, weeks, or months due to a work-related injury. The policy provides a weekly allowance equal to two-thirds or 67% of the average weekly wage. 
  • Death benefits-It covers funeral expenses if your sports facility’s employee dies due to a work-related injury or disease. The policy also provides an allowance to dependents 

Workers’ comp insurance for sports facilities cost $1 per covered payroll.

Climbing Wall Insurance 

Climbing wall insurance is a specialty coverage for sports facilities that host rock climbing training and sports activities. The general liability policy included in a rock climbing wall insurance plan will have a $1 million-$2 million per occurrence limit.

Accident medical coverage works in tandem with general liability insurance. This covers injuries and dismemberment. It provides $5,000-$25,000 coverage for medical expenses. In case of death, accident medical coverage gives a $5,000 cash as compensation for funeral costs. 

Excess liability insurance for rock climbing facilities supplement the limits of general liability insurance. It provides $1 million-$10 million additional layer of coverage.

Sports Facility Commercial Auto Insurance

It is available if your sports facility owns cargo vans, pickups, buses, or any other vehicles used for sporting activities. Commercial auto insurance offers various types of coverages such as:

  • Auto liability coverage-Auto liability coverage provides help if your sports facility’s bus or commuter van causes an accident. 
  • Physical damage coverage- Collision physical damage coverage will cover the replacement or repair of parts if your sports facility’s commuter van or bus crashed into something. 
  • Medical payments coverage- Medical payments coverage will pay for the driver and passenger’s medical expenses if your sports facility’s bus or commuter van was accidentally hit by another vehicle 

Auto liability coverage in commercial auto insurance only covers the vehicles registered under your sports facility’s name.

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Employer’s Liability Insurance for Sports Facilities 

Employer’s liability insurance covers expenses if an employee sues your sports facility for negligence after sustaining a work-related injury or disease. Sometimes offered as an optional coverage in workers’ compensation insurance, this covers settlements, attorney fees, administrative costs, and other legal expenses. 

Soccer field insurance

It is a specialized protection for football facilities. The general liability insurance for soccer fields has a $2 million-$5 million per occurrence limit. Limits can be customized to meet the requirements of soccer sports events.

How Much Does Insurance Cost for A Sports Facility?

On average, a $1 million general liability policy costs $25 per month or $300 per year. Note that this is just an estimate. Your actual rates can be cheaper or more expensive. 

There’s no fixed rate for sports facility insurance because there are a lot of factors to consider such as building size, location, claims history, business history, types of sports activities, and more. 

Best Sports Facility Insurance Companies 

NEXT 

NEXT sports facility insurance is great if you’re looking for a general liability policy with custom limits. 

This company’s general liability insurance can have a $500,000 limit or $1 million limit. Also, the language of professional liability insurance can be added to its terms.

Average cost: $20 per month 

Our rating: 10/10

Pros

  • Bundle policies and get a 10% discount
  • Live certificate of insurance
  • General liability insurance has custom dedicated limits 

Cons

  • Commercial property insurance only provides $25,000 coverage 

CoverWallet 

CoverWallet covers recreational sports facilities as well as the sports facilities owned by sports clubs. Policies available are general liability insurance, workers compensation insurance, directors and officers liability insurance, and professional liability insurance. 

Average cost: $23 per month 

Our rating: 10/10

Pros

  • Get an online quote 
  • Unlimited online certificates of insurance
  • Stable rates

Cons

  • Doesn’t underwrite the business insurance policies it sells 

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Tivly 

You have to call Tivly to know if your sports facility can be covered. Policies available are general liability, workers compensation, commercial auto, commercial property, and more. 

Average cost: $25 per month

Our rating: 10/10

Pros

  • Compare quotes over the phone
  • Helps you find other carriers that can provide tailored coverage

Cons

  • You have to call to know if your sports facility can be covered

USASA 

Similar to US Club, USASA isn’t an insurance company but an organization providing tailored coverage for soccer teams who own sports facilities. It only offers two types of business insurance- general liability and personal accident.. 

Average cost: $38 per month

Our rating: 6/10

Pros

  • Has a resource center where you can download documents that helps you understand your insurance policy and file a claim quickly

Cons

  • Doesn’t offer a lot of business insurance products

 

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