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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.
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 :
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.
General liability insurance can also apply to open-air structures like pavilions, often referred to as sports pavilion insurance.
Indoor sports facility insurance is a tailored protection for facilities used for badminton, tennis, volleyball, basketball, gymnastics, 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.
In addition, Sports hall insurance is a type of tailored protection for facilities used for sports like badminton, tennis, volleyball, and basketball.
Understand that commercial property insurance only helps if damage or destruction is caused by any of the following risks:
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 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.
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:
Workers’ comp insurance for sports facilities cost $1 per covered payroll.
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.
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 in commercial auto insurance only covers the vehicles registered under your sports facility’s name.
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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
Football field insurance is a specialized protection for football or soccer 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.
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.
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
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
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
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
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Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
