For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!
According to Statista, only around 20 percent of the US population engages in sports and exercise each day. Wrestling can be an excellent sports activity to get exercise and stay healthy despite it being an extremely contact sport just like boxing. However, there are risks involved with wrestling as well. The National Institutes of Health released a report that found that the largest concussion rates in sports were from men’s wrestling.
To protect players, teams, and clubs, you will want to invest in a good wrestling insurance policy. This article will explain everything you need to know about wrestling insurance
| 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 |
Wrestling insurance will often be paired with general liability protections. This policy protects a team, player, or club from third-party injury claims and property damage. Examples of when to use this policy include:
A player knocks into a spectator during a match and causes them to injure their back
A team causes damage to a locker room through rowdy celebrating after a match
The coverage limits for general liability are $1 million per occurrence and $2 million in the aggregate, but higher limits are possible depending on the policy.
Some add-ons for general liability you might consider include:
Umbrella policy–An umbrella policy covers additional coverage to ensure that you have coverage even when you exceed the scope of your coverage limits
Advertising injury–Protects the policyholder against copyright infringement, slander and other types of personal injury claims
Pro wrestling insurance will use public liability protection to cover incidents from the general public. This type of insurance protects you from third-party claims in situations like:
Someone slips and falls on your commercial wrestling property, suing you for the injury
A fixture from your property falls on a member of the public, prompting a lawsuit
You will find that general liability policies are more common than public liability policies because general liability covers more situations. For this reason, public liability is often a part of general liability policy.
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You might want traveling coverage as a part of your pro wrestling event insurance. Travel insurance helps you cover the costs of traveling to a wrestling event. Things like lost luggage, cancellations, and medical injuries sustained on the trip are covered. Example situations include:
You pre-pay for a wrestling trip but have to cancel. If you cancel for a covered reason, you may be able to get covered for a refund
The team loses their luggage while traveling, which needs to be replaced
Travel insurance coverage limits will depend on the price of your trip. Some policies will cap out at $10,000 for a short trip, but longer trips will offer a higher maximum.
If you are traveling to a foreign country, an injury or sickness add-on can help cover your medical expenses that a normal health insurance plan may not cover on your trip.
| 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 |
Commercial property coverage for professional wrestling insurance protects any commercial buildings and personal property that you use during business operations. Examples include:
Your wrestling club building gets flooded and needs repaired
Someone breaks into your wrestling building and steals team equipment
On average, a commercial property policy will have an average coverage limit of $60,000. This limit will increase based on the value of your property.
Yes, some policies allow you to get coverage and reimbursement for business property that you need to rent out.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $320,000 | $25,000/$500,000 | $35,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
Business owner’s policy is an excellent choice because it combines multiple policies into one. It will have general liability coverage, commercial property insurance, and possibly more. Examples of when to use this coverage are listed below.:
Your wrestling club is accused of stealing their logo from someone else and gets sued
The players on your team accidentally cause a leg injury to a bystander at a wrestling event
Business owner’s policy will have limits for general liability between $1 and $2 million on average, as well as a commercial property coverage of $60,000.
Commercial crime insurance can be a smart add-on for sporting businesses like wrestling because it covers you if an employee decides to steal team secrets, employee dishonesty, and theft of company funds.
| 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 |
Tools and equipment insurance provides protection when your wrestling equipment gets physically damaged or stolen. Example situations include:
A wrestler's headgear is stolen after a meet
One of your wrestling training dummies becomes damaged and needs replaced
Tools and equipment insurance will cover around $5,000 in equipment coverage and movable tools.
Equipment breakdown coverage helps you cover mechanical failures from causes like power outages
Inland marine insurance covers equipment that you need to be transported over the land, like on a truck or by train
Yes, equipment that is off business premises is generally covered by this insurance policy. Unlike commercial property insurance, your business property doesn’t need to be on your premises to stay covered.
Workers' compensation insurance is a policy that covers any employees that you have as part of your wrestling club or team. Employees that are injured on the job receive a disability benefit or medical benefit to help them compensate for the injury. See below for some example situations.
A coach that you hire hurts that back one day at practice and needs medical treatment
One of your employees at your wrestling club slips on a ladder and is unable to work due to this injury
Wrestling club insurance will often consist of general liability coverage and accident insurance coverage. These policies protect participants from claims like property damage, advertising injury, personal injury, and medical expenses from competing.
