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Sports Facility Insurance: Cost & Quotes From $11

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Did you know that ‌concussions affect 1.6 million to 3.8 million athletes each year? Also, it was found that in 2020, 86% of fatal watercraft accident victims drowned, and 75% of these were not wearing life jackets.

Moreover, nearly 3.5 million children aged 14 and younger were injured while participating in sports or other recreational activities in 2020. Sports and leisure activities were responsible for around 21% of all traumatic brain injuries in children and adolescents in the United States.

This demonstrates that sports-related activities can cause injuries, some of which are deadly. Concussions and other sports injuries are becoming more of a worry, and million-dollar lawsuits because of them have made it to national news. That’s why insurance is required to protect every aspect of your sports facility.

Depending on the sporting events, you have to purchase specific insurance policies for your sports facility’s financial security. In this guide, let’s talk about the policies available for indoor sports facilities, water sports facilities, rock climbing sports facilities, and soccer sports facilities.


Also read: US Lacrosse Insurance: Quotes From $11

Indoor Sports Facility Insurance

Indoor sports facilities can have a wide range of amenities, so having comprehensive business insurance is essential to avoid coverage gaps. There are a lot of precautions you can take to guarantee that your sports facility is fully insured in the event of a lawsuit, damage, or loss.

These are the ‌insurance for sports facility you can use to protect your indoor sports facility:

  • General liability - If you caused bodily injury, property damage, personal injury, or advertising injury to a third party

  • Commercial property - If an unexpected disaster damages or destroys your sports facility, such as fire, hail, storm, riots, and other covered perils

  • Professional liability - To protect the professionals you have hired, like trainers, coaches, or instructors, against negligence, malpractice, or misrepresentation, initiated by their clients.

  • Workers' compensation - Provides financial and medical benefits to employees who incur work-related illnesses or injuries

  • Liquor liability - If clients consume alcohol provided by your establishment and cause injury to others or damage their property

  • Business interruption insurance - Covers the company's net income and typical operating costs such as rent, wages, and taxes. This happens when your business is forced to close for an extended period due to physical loss, damage, or destruction caused by a covered risk.


Also read: Baseball Team Insurance: Baseball Insurance Quotes From $11

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Water Sports Centre Insurance

If your facility includes water activities , you must know and manage all the hazards to ensure the safety of your consumers.

Water sports are popular among many people since they are exciting. Thus, compared to other sports, such as soccer, the risk associated with water activities may be greater. You'll need insurance coverage to safeguard your sports facility from risks, and th ese are some of the policies included in water sports centre insurance:

  • General liability - When a consumer has an injury while participating in one of your facility's aquatic activities. Additionally, it protects you against financial losses in the event of property damage or injury to a member of the public

  • Professional liability - Client claims for losses caused by your or your employee's negligence


Climbing Wall Insurance

Climbing wall is an artificially constructed wall with grips for hands and feet, usually used for indoor climbing but sometimes located outdoors. It is also known as rock climbing. This is an intense full-body activity that integrates aerobic exercise with muscle building.

Considering the average rock climbing gym in America spends between $400 - $1,100 per year for $1 million insurance coverage. You need these policies included in your rock climbing wall insurance for the best protection:

  • General liability - Pays the compensation for bodily injury or property damage and legal defense if a client is injured while rock climbing

  • Business owner's policy (BOP) - A policy that merges general liability and commercial property insurance

  • Commercial umbrella - Picks up when your general liability insurance or other liability policies reach their limits

  • Product liability - Provides coverage if your climbing wall facility sells climbing equipment and a client claims it caused them harm. This policy will take care of your responsibility to compensate clients for their losses


Soccer Field Insurance

A soccer pitch has a variety of individuals on it at most times. These individuals include spectators, players, coaches, referees, and other personnel. As a result, soccer fields should be appropriately insured to meet legal requirements and to have a countermeasure against risks.

Remember, members of the public and staff may be hurt on your property in various ways, resulting in lawsuits and significant costs, even if it’s not your fault.

Therefore, a soccer field requires insurance coverages such as BOP, commercial property insurance, and workers' compensation.

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How Much Does Insurance Cost for a Sports Facility?

  • General liability sports facility or sports complex insurance costs $33 per month or $396 per year for a $1 million coverage for third-party bodily injury, property damage, and advertising injuries.

This table shows some sports facility insurance cost from the top-rated carriers for further reference:



Monthly Rate Annual Rate Best for
CoverWallet $34.58 $415 Sports facility insurance quotes search and comparison online
Chubb $42 $504 Insuring sports facilities hosting Wembley, Commonwealth, and Olympic sporting events
US Club $45 $540 Soccer sports facility insurance
USASA $48 $576 Soccer sports facility insurance with medical and dental expenses coverage for employees and resident players


Get Free Quotes and Start Comparing Rates Now

To take advantage of the above rates and others, use our free online quote comparison tool. All you have to do is click the “Get Quotes” button and start comparing to find the cheapest coverage.

Compare Cheap Sports Facility Insurance Quotes Online!

Get all the best quotes from leading providers in a click of a button!

Best Sports Facility Insurance Companies


CoverWallet Sports Facility Insurance

Pros

  • Gives you the quotes of the best carriers for comparison

  • Cheap rates

  • Easy policy management with the MyCoverWallet App

Cons

  • Not a carrier but a broker selling the quotes of its partner insurance carriers

CoverWallet doesn’t insure sports facilities. But we still placed this company as our top pick for the best sports facility insurance carriers. Why anyway? CoverWallet has an online quote comparison platform. And through it, you can find the cheapest insurance companies that provide coverage for sports facilities.

Best for: Sports facility insurance quotes search and comparison online

Average cost: $34.58

Our rating: 10/10



Chubb Sports Facility Insurance


Pros

  • Chubb provides coverage for facilities hosting different types of sporting events

Cons

  • Doesn’t offer a lot of discounts

Your sports facility can get insured through Chubb’s sports leisure and entertainment insurance program. Insurance policies Chubb includes are employer liability insurance, public liability insurance, products liability insurance, property and business interruption insurance, cyber insurance, and specialized personal accident coverage.

Best for: Insuring sports facilities hosting Wembley, Commonwealth, and Olympic sporting events

Average cost: $42

Our rating: 8/10



US Club Sports Facility Insurance


Pros

  • US Club members get to enjoy insurance policies that protect their sports facility and themselves

Cons

  • You must become a US Club member before getting insurance for your soccer sports facility


US Club is not an insurance company but a soccer organization providing insurance policies to its members. Members of US Club enjoy directors and officers liability, workers compensation, liability coverage for activities not related to soccer, and tailored coverages. That being said, this company is great for those managing a soccer team and those running a soccer sports facility.


Best for: Soccer sports facility insurance

Average cost: $45

Our rating: 7/10




USASA Sports Facility Insurance


Pros

  • Allows you to easily get a certificate of insurance

Cons

  • Only insures members and soccer sports facilities

  • Available policies aren’t numerous


Similar to US Club, USASA only insures soccer sports facilities and soccer events or soccer-related events. Another likeness is that USASA only insures members too. Nonetheless, don’t fret. If you manage to get in, you’ll be covered by USASA’s general liability insurance, participant accident insurance, as well as medical and dental expenses insurance for your sports facility’s workforce.

Best for: Sports facility insurance with medical and dental expenses coverage for the soccer facility’s employees and players

Average cost: $48

Our rating: 6/10




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