Billiard And Pool Hall Insurance New York Policy Information
Billiard And Pool Hall Insurance New York. Billiards - or cue sports - have existed for hundreds of years, and continue to be played both recreationally and competitively today.
Billiard parlors or pool halls are facilities that rent pool or billiard tables to customers. They may offer lessons or sponsor contests, tournaments, and other events. Operations also may include arcades, vending machines, or betting and gambling exposures.
They may have a snack bar or gift shop. Many billiard parlors are part of a bar and/or eating facility. Refer to the Eating and Drinking Places category for a more detailed discussion on restaurant and bar exposures.
Although billiards can be enjoyed in a diverse range of settings, pool halls are specialized venues designed to facilitate the enjoyment of cue sports.
While billiards require sticks called cues, billiard tables, and billiard balls, among other essential components, to own and run a successful billiard parlor, you will need to manage numerous other assets too. These range from the physical building to sound and lighting systems, as well as concession stands.
Even in today's increasingly digitalized world, a billiard parlor can be an excellent investment, with table rentals and billiard lessons being two examples of activities that bring in profits.
Running this type of business also, however, means that you are exposed to a variety of risks. What types of billiard and pool hall insurance New York might be needed? Discover more in this brief guide.
Billiard and pool hall insurance New York protects billiard clubs & facilities from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Why Do New York Billiard And Pool Halls Need Insurance?
Like any other business, pool halls can fall victim to a whole host of perils. While a NY billiard parlor will certainly be prepared to cover minor losses on their own, large-scale unforeseen events can lead to serious debt or even bankruptcy unless you have protected your business with a comprehensive insurance plan.
NY billiard parlors may, for instance, fall victim to the same universal risks that threaten any business. You could be struck by an act of nature, such as a wildfire, serious flood, or hurricane.
Theft and vandalism are two further examples of perils that could lead to significant property damage or loss, and accidents such as fire or plumbing malfunctions should be considered as well.
An employee could become injured while working, after which you are responsible for their medical costs. Guests, vendors, or other visitors could become hurt on your premises as well, and may decide to file a lawsuit against your pool hall.
Even in cases where you are not ultimately found to be responsible, you will incur massive costs in the process.
Armed with the right billiard and pool hall insurance New York, none of these events have to be ruinous - your insurer will cover a considerable portion of the costs you face, so that your business can carry on operating and growing.
What Type Of Insurance Do NY Billiard And Pool Halls Need?
Billiard clubs will need to carry several different kinds of insurance, and given the many options available, it is easy to become confused.
The location of your pool hall, the number of your employees, and the size of your business are just some of the factors that will determine the exact nature of the coverage you need.
That is why it is vital to talk your insurance plan through with a commercial insurance broker, who will be able to offer you insights based on your billiard club's risk profile and design a custom-made program for you.
With that in mind, some of the must-have billiard and pool hall insurance New York types include:
- Commercial Property: This type of insurance will protect you from the financial consequences of major perils such as acts of nature, theft, and extensive vandalism. It will reimburse you for the repair and replacement costs you incur, both in the case of your building and its contents, like billiard tables and HVAC units.
- Business Interruption: After your business is impacted by a substantial peril, this form of billiard and pool hall insurance New York coverage will reduce the burden of temporary closure by providing coverage for a portion of your lost revenue.
- Commercial General Liability: Essential for any commercial venture, commercial general liability insurance has your back in the event that a third party sues you. It covers your legal costs if someone is injured on your premises, as well as in cases where your company accidentally causes damage to third party property.
- Workers' Compensation: Employees can sustain work-related injuries in a wide variety of ways - and unless it is absolutely clear that the workplace in no way contributed, your billiard parlor is likely to be held liable. In these cases, workers' comp steps in to cover the employee's medical bills as well as any income they lose as they recover.
These are just a few examples of the kinds of billiard and pool hall insurance New York coverage a snooker hall may need to defend its financial interests. If you keep electronic records or run a website, you will need cyber insurance as well - and if your NY billiard parlor uses vehicles professionally, commercial auto insurance is inescapable too.
Discuss your individual risks with a skilled commercial insurance broker to find out how best to protect your business.
NY Billiard And Pool Hall's Risks & Exposures
Premises liability exposure is high due to the number of visitors to the premises, particularly if tournaments are held or there is on-premises consumption of alcohol. Public and life safety code compliance is necessary. Good housekeeping is key to preventing slips, trips, and falls.
Adequate lighting, marked exits and egress are mandatory. Steps must have handrails, be well lit, and be in good maintenance and repair. Parking areas should be maintained free of snow and ice.
Security at the facility and any owned parking area needs to be carefully reviewed. The center may present an attractive nuisance hazard after hours. There must be adequate security to prevent unauthorized entry.
Rented equipment must be maintained in good repair. Personal injury exposures are from assault and battery, discrimination, false arrest, or unlawful detention.
Liquor liability exposure can be quite extensive if employees are not properly trained to recognize the effects of excessive alcohol consumption. Procedures must be in place for checking IDs and refusing to serve underage or intoxicated individuals.
Products liability exposure can come from the sale of new or used billiard equipment, repair operations, and serving of food and drink.
Workers compensation exposure due to rowdy clientele is a concern as workers may be injured in altercations with customers. Slips and falls, lifting, back injury, hernia, sprains, and strains are common. Food service employees can be injured from electrical shocks, burns from cooking equipment, and kitchen-related cuts or puncture wounds. Occupational disease may result from workers constantly exposed to visitors' smoking.
Property exposure are moderate. Ignition sources include electrical wiring, smoking, and inadequate housekeeping. All electrical wiring must be in good repair and adequate for the operations. If cooking involves more than popcorn makers or pizza ovens, all cooking equipment must be properly controlled.
Smoking should be limited to specified areas, and disposal of smoking materials done in fireproof containers.
Arcade or vending machines may be subject to vandalism or theft. Other property losses may stem from vandalism if patrons or visitors become unruly or intoxicated. There is a theft potential if billiards equipment is sold on premises.
Business income loss exposure may increase if the tables are unique and require longer than average time for a replacement.
Crime exposure is from employee dishonesty and money and securities. Background checks should be conducted on all employees handling money. As many transactions are handled with cash, cashiers' drawers should be kept stripped with regular deposits made.
No money should be kept on premises overnight. The hours of operation, clientele, and past loss experience should be taken into consideration. When tournaments or other sponsored events occur, cash can increase considerably requiring extra security.
Inland marine exposure is generally limited to bailees customers if there is any repair on premises. There may be computers or valuable papers and records for vendors' information.
Business auto exposure is generally limited to hired non-owned for employees running errands. If there are owned vehicles, all drivers must be properly licensed and have acceptable MVRs. All vehicles must be maintained on an ongoing basis and service documented.
Billiard And Pool Hall Insurance New York - The Bottom Line
To protect your poolroom - having the right billiard and pool hall insurance New York coverage is important. To see what types of options are available to you, how much coverage you should invest in and the costs - speak to a reputable commercial insurance broker.
New York Economic Data And Commercial Insurance Requirements
The State of New York is famed for industry, particularly Manhattan and the surrounding areas. As such, it's no wonder why so many entrepreneurs look to do business in this state.
If you are thinking about starting up a business in NY, it's important for you to have an understanding of the status of the state, regarding its economy. It's also important to know about the insurance requirements for business owners in the Empire state.
Below, we offer a brief overview of New York's economic status, as well as the types of insurance policies business owners are legally required to carry, and policies that they should consider investing in.
The Economic Status Of New York State
While the economy is growing in the State of New York, it is lagging behind other states, in terms of growth. Overall, more jobs have been added in this state in recent years. In 2018, it is expected that this trend in job growth will continue; however, it will likely be at a slower pace than previous years.
If you are thinking about doing business in the Empire State, one of the best industries to consider is finance. It is predicted that this sector will contribute largely to the economy in 2022, as well as in the coming years. Healthcare services and education are also expected to see growth, as are the transportation industry, and professional and business services.
Insurance Requirements For Business Owners In NY
The New York State Department of Financial Services regulates insurance in the Empire State. Organizations that employ a staff of part-time or full-time workers that are either hourly or salaried are required to carry workers' compensation insurance. This type of insurance is required, no matter what size your staff is; even if it only consists of one W2 salaried person. You must also carry NY commercial auto insurance if you are using a vehicle to conduct any business affairs.
While there are no mandates surrounding commercial liability insurance, business owners in New York would be wise to invest in this type of coverage. Should a client or a contractor sue you for an accident or injury that happens at your place of work, or if a client claims you damaged his or her property, commercial liability insurance will protect you from having to pay the cost of legal fees and any settlements that may be awarded out of your own pocket.
Additional Resources For Arts & Recreation Insurance
Read up on small business arts and recreation commercial insurance.
- Amusement Parks
- Archery Ranges
- Athletic Fields
- Billiard And Pool Halls
- Bowling Alleys
- Cave Tours
- Dance Studio
- Disc Jockey DJ
- Drive-In Theaters
- Entertainers And Performers
- Event Planning
- Fairs And Fairgrounds
- Film Production
- Fine Art
- Guides & Outfitters
- Handball & Racquetball Courts
- Horse & Dog Racetracks
- Indoor Sports Complexes
- Interior Decorator
- Interior Design
- Motorsports Racetracks
- Photo Booth
- Recording Studio
- Recreation Centers
- Riding Stables
- Roller Sakting Rinks
- Shooting Ranges
- Skeet & Trap Shooting Ranges
- Ski Resorts
- Talent Agency
- Tennis Centers
- Video Arcades
- Wedding And Special Event
Commercial insurance policies for arts, entertainment and recreation are specialized policies that protect against the unique risks that arts and recreation businesses face.
Performing artists and companies, entertainers including musical groups, theatre groups, comedians and more, writers, performers, photographers, videographers, DJ's and so many other types.
Professional liability coverage (errors and omissions) is needed in these cases to protect their financial interests due to mistakes, errors or omissions by these professionals in doing their jobs. Fr example - a bride and groom did not like the way their wedding photos turned out.
Or a wedding planner might plan a lavish wedding, but the bride's parents who are paying for it did not like the way it went. There is a lot of gray areas with arts, and you need to be protected if your clients don't agree with you that your work was what the agreed to.
If your business is involved with children, you need to review your coverages very carefully so certain important protections are not excluded. Abuse and molestation insurance might be needed to fully protect yourself in this instance.
Minimum recommended small business insurance coverage: Business Income with Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Commercial Articles Floater, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Bailees Customers Floater, Money and Securities, Cyber Liability, Employment-related Practices Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.
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Borough Park, Bronx Park and Fordham, Brooklyn, Bushwick and Williamsburg, Canarsie and Flatlands, Central Brooklyn, Central Harlem, Central Queens, Chelsea and Clinton, East Harlem, East New York and New Lots, Flatbush, Gramercy Park and Murray Hill, Greenpoint, Greenwich Village and Soho, High Bridge and Morrisania, Hunts Point and Mott Haven, Inwood and Washington Heights, Jamaica, Kingsbridge and Riverdale, Lower East Side, Lower Manhattan, Manhattan, Mid-Island, North Queens, Northeast Bronx, Northeast Queens, Northwest Brooklyn, Northwest Queens, Port Richmond, Queens, Rockaways, South Shore, Southeast Bronx, Southeast Queens, Southern Brooklyn, Southwest Brooklyn, Southwest Queens, Stapleton and St. George, Staten Island, Sunset Park, Upper East Side, Upper West Side, West Central Queens, West Queens and all other NY cities & New York counties near me in The Empire State.
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