What Other Insurance Policies Do Sports Clubs, Teams, and Leagues Need?
Commercial Property Insurance
A commercial property insurance policy caters to all property a sports club and team owns or rents. It covers damage to business assets resulting from storms, lightning, vandalism, theft, and fire.
Note that damage resulting from floods or earthquakes is usually not covered. However, you can find insurance for sport with commercial property coverage that includes these.
Commercial Auto Insurance
Covers the vehicles borrowed, owned, or hired by the sports club or team. The job of this insurance policy is to shoulder costs if the sports club or team caused injuries with their vehicle. Moreover, commercial auto includes policies that pay for repair or replacement service if the vehicle is damaged due to vandalism, fire, theft, and collision.
Workers Compensation Insurance
The law expects all businesses with three or more workers to have worker's compensation insurance. The workers compensation insurance in sport teams and clubs caters to occupational injuries for players and workers. It also pays for lost wages, rehabilitation, and medical bills of the injured person.
Accident Medical Care
During youth and adult sports activities, injuries may occur. Accident medical insurance covers out-of-pocket medical bills a coach, player, volunteer, manager, and other team members incur while playing, practicing, or traveling for an event.
Sports Clubs Insurance
Carriers offered a tailored insurance product to sports clubs. Obviously, it is called sport club insurance or sporting club insurance. Let’s take a look at the sports insurance policies included:
General Liability Insurance
General liability insurance for sports clubs has a $1 million policy limit. This insurance for clubs can provide coverage if the sports club hosts events such as fundraisers, exhibition matches, etc., and third parties get injured or have their property damaged.
Commercial Property Insurance for Sports Clubs with Business Property or Rented Premises Coverage
Commercial property policy in club sports insurance provides protection for the club’s assets through its business property or rented premises coverage. The minimum limit of both coverages is $100,000 with a deductible of $500.
Business property coverage in commercial property insurance for sport clubs will shoulder costs if an owned building and other tangible assets become damaged because of fire, lightning, storm, vandalism, or theft. If the club doesn’t own the building, rented premises coverage takes care of the costs of the aforementioned perils.
Workers Compensation Insurance
Workers compensation insurance in sporting club insurance covers the staff running the club. Workers compensation insurance has no policy limits. Coverage only extends to occupational hazards. Through workers comp insurance, the club can compensate the cost of hospitalization and lost wages of injured employees.
Youth Sports Team Insurance
Youth teams in baseball, basketball, and soccer can purchase specialized insurance for youth sports teams. Policies included in youth sport insurance are shown in the following sections.
Youth Sports Liability Insurance for Teams
The table below shows the liability policies included in insurance for youth sports. Function and policy limits are also shown. Note that some liability policies in the table were not mentioned earlier:
| Minimum Policy Limit | Function |
| General Liability | $1 million | Covers claims made by third parties against the youth sports team |
| Directors and Officers Liability | $1 million | Shoulders costs if the youth sports teams’ directors and other officers are accused of committingmismanagement and other related offenses resulting in financial or economic loss |
| Employment Practices Liability | $1 million | Shoulders costs if the youth sports team is accused of wrongful termination, sexual abuse, and discrimination by an employee |
| Molestation and Abuse Insurance | $1 million | Shoulder costs if players file a claim against molestation or abuse committed by team managers, trainers, etc.
Note that, sometimes, in insurance for youth sports, molestation and abuse becomes a sports insurance coverage added to general liability insurance |
Travel Insurance for Youth Sports Teams
Travel team sports insurance can be a stand-alone insurance or a policy included in insurance for youth sports teams. Rather than acting as an individual youth sports insurance, travel insurance provides coverage to all members of the team. In other words, this youth sports insurance policy functions as a grouped cover similar to company health insurance plans.
Specific coverages comprise travel insurance teams. Here’s a table showing them, their function, and policy limits:
| Minimum Policy Limit | Function |
| Accident Medical Care | $100,000 | Covers the cost of injuries incurred while traveling |
| Trip Cancellation | $15,000 | Provides reimbursement to non-refundable costs if the youth sports teams’ trip is canceled |
| Trip Interruption | $10,000 | Provides money so that the youth sports team can pay for lodging, emergency vehicle rental, and other extra expenses if the trip is interrupted |
Commercial Auto Insurance for Youth Sports Teams
Commercial auto insurance is an optional youth sports insurance coverage. Usually, this is included if the youth sports team owns a vehicle such as a bus or van. Commercial auto insurance covers compensation to third parties if the youth sports teams’ vehicle causes an accident, and the cost of repair or replacement to reverse damage caused by collision, vandalism, theft, fire, storm, and lightning.
Insurance for Sports Leagues
Sports organizations and participating teams require league organizers to get insurance that will take care of situations such as stampedes, fire breakouts, player injuries, etc. In connection, the best protection is through tailored sports league insurance. Policies included are:
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General liability insurance - $1 million minimum policy limit. Covers personal injury and property damage claims made by league players. At an additional cost, the policyholder can also cover claims from spectators
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Crime insurance - $100,000 minimum policy limit. Compensates participating teams if someone steals, vandalizes, or burns their equipment or personal effects
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Accidental medical coverage - $10,000 minimum policy limit. Covers injuries to participating teams. Also covers accidental death.
Professional Sports Insurance
Professional sports insurance, otherwise called professional sports athletes insurance, is tailored coverage for amateur and professional players. Coverage applies to baseball players, basketball players, lacrosse players, etc. This insurance offers the following policies:
Loss of Future Earnings
Provides an allowance if the sports athlete’s pay is cut or terminated due to injury or disability.
Loss of Endorsements
Provides money equal to lost income if the sports athlete is left by endorsers or sponsors because of involvement with drug abuse, drunk arrest, and public relations scandal.
Agents and Managers Coverage
Covers the payment to agents and managers while the sports athlete isn’t participating in sports and not making money.
Death and Dismemberment Benefits
Helps to relieve the financial burden on spouse and children if the sports athlete suffers from an absolute disability (e.g coma, amputation, etc.) or death.
