Handball And Racquetball Courts Insurance Montana Policy Information
Handball And Racquetball Courts Insurance Montana. Despite the fact that handball and racquetball have some significant differences, including the type of ball used and the fact that one is played with a racquet while the other employs gloved hands, both sports are played on similar courts featuring wooden floors and four walls.
Handball and racquetball centers may offer facilities for many types of sporting and recreational activities including handball, racquetball, and other indoor sports such as basketball, tennis, wrestling, weightlifting, swimming, cheerleading and gymnastics. Lessons may be offered to beginners.
The facility may serve concessions or provide locker rooms for members or guests. Sporting goods may be sold on premises, or repair services offered.
Whether you already own and run a racquetball or handball court or are seriously contemplating starting such a business, you will be aware that these courts can, with hard work and savvy financial decisions, become profitable ventures.
In addition, the owners of handball and racquetball courts play a vital role in promoting health, fitness, and a love of excellent sportsmanship within the communities they serve.
That does not, however, mean that managing a handball or racquetball court does not carry risks - indeed, a broad range of unforeseen circumstances, including some you may not have considered, could threaten the future of your business at any time.
This is why it is crucial to protect your financial health with handball and racquetball courts insurance Montana coverage. To learn what types of insurance you may require, keep reading.
Handball and racquetball courts insurance Montana protects facilities from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Why Do Montana Handball And Racquetball Courts Need Insurance?
As the owner of a MT handball or racquetball court, you will be vulnerable to a range of perils. Some of the risks you have to consider could impact any business, while others are more exclusive to the field of sports.
Some are minor and easily managed, but other events could prove to be so devastating that they could even force you to close your business.
Carrying a comprehensive insurance plan might not be able to prevent disaster from striking, but it does do the next best thing in helping you shoulder the costs. Your facility could, for instance, be hit by an act of nature like a wildfire or earthquake, forcing you to temporarily close your racquetball while you have repair work carried out.
An employee could sustain a work-related injury, or an athlete or other guest might become hurt on your premises and decide to file a lawsuit. You could be burgled, or an act of vandalism could lead to significant property damage.
These are just same examples of the major perils that could spell the end for any business, if they were not properly insured and were responsible for the resulting and - as you can imagine - frequently ruinous expenses.
The modern insurance market offers a wide spectrum of options, and many business owners find them challenging to navigate. Nonetheless, evaluating your insurance needs in-depth is not a step any responsible business owner should skip.
Having the right type of handball and racquetball courts insurance Montana coverage will protect you from financial burden. Should a client become injured while visiting your shop and file a lawsuit, for example, commercial insurance will cover the cost of any necessary medical bills, as well as legal fees.
What Type Of Insurance Do MT Handball And Racquetball Courts Need?
Each business is unique, and that fact is reflected in their insurance needs too. The location of your racquetball or handball court, the size of your business, the value of your equipment, and your number of employees are among many factors that influence the exact types of coverage you will need.
A commercial insurance broker who is deeply familiar with the needs of athletic facilities is best suited to offer you advice tailored to your individual circumstances. The core kinds of handball and racquetball courts insurance Montana needed include, meanwhile:
- Commercial Property: This kind of coverage is designed to protect your bottom line in case your facility is affected by perils such as acts of nature, theft, and vandalism. It will cover damage to or loss of property as varied as your building, computers, sound systems, and spectator seating.
- Commercial General Liability: Every company requires commercial liability insurance, which shields them from costs related to lawsuits filed against them by third parties. Whether someone alleges that your company's activities damaged their property (including intellectual property, in case of copyright infringements), or that you were at fault for an injury they sustained on your premises, this kind of handball and racquetball courts insurance Montana helps cover your legal fees.
- Athletic Participation: Since commercial general liability insurance excludes personal injury claims related to sports activities, handball and racquetball courts will also require athletic participation insurance, which covers the legal expenses related to exactly these circumstances.
- Workers Compensation: Should an employee sustain an occupational injury, this type of coverage will cover their medical bills. The income they miss out on as they recover is also paid for, and at the same time, workers' comp protects your company from related litigation.
Because your facility may have additional handball and racquetball courts insurance Montana needs not covered here, it is essential to speak to a commercial insurance broker, who will be able to answer all your questions and help you craft an excellent insurance plan.
MT Handball And Racquetball Courts' Risks & Exposures
Premises liability exposure is high due to the number of visitors to the premises and the type of operation. Public and life safety code compliance is very important. Good housekeeping is critical to preventing trips, slips, and falls. Adequate lighting, marked exits, and egress is mandatory. Steps must have handrails, be well-lit, marked, and with good maintenance and repair.
Parking areas should be maintained free of snow and ice. Gym and athletic equipment must be properly maintained and documented.
The facility must provide proper support for the patrons, including staff with appropriate first aid training and supplies, lifeguards for the pool areas, and "spotters" for weightlifting, especially with free weights. Flooring should be well maintained with nonskid surfaces.
Because of a large number of customers served, a significant although easily avoided risk is the transmission of diseases. The absence of simple hygienic practices like hand washing and proper cleaning of surfaces with disinfectants may indicate a morale hazard.
Criminal background checks should be conducted for any employee instructing or supervising children or youth. Security at the facility, as well as in the building, corridors, and any owned parking area needs to be carefully checked and reviewed.
The center may present an attractive nuisance hazard after hours. There must be adequate security to prevent unauthorized entry. The facility may have personal injury exposures from assault, discrimination, defamation of character, false arrest, invasion of privacy, or unlawful detention.
Products liability exposure comes from the sale of sports equipment and any concessions. Employees should be trained in the proper handling of consumables to prevent foreign objects in food, food poisoning, or the spread of other transmissible diseases. Repair can add substantially to the exposure.
Workers compensation exposure is moderate due to maintenance of the facility. Maintenance workers can be injured by machinery or incur contact dermatitis, lung, and respiratory illness from working with chemicals. Cooking facilities can result in injury from burns and cuts, slips, trips, and falls. Instructors, coaches, trainers, and others with related positions will have the potential for sports-type injuries or may be assaulted by members or guests.
Property exposure is moderate. Ignition sources include electrical wiring, heating, and air conditioning systems, cooking if there is food preparation, and the buildup of dust and fumes from the maintenance of the courts.
Regular refinishing is required to maintain a good playing surface. The refinishing process creates dust and uses flammable liquids to strip, stain, seal, and finish the floor's surface.
The risk of fire increases dramatically in the absence of proper ventilation and adequate disposal procedures. Flammable liquids, paints, and solvents should be properly stored. Electrical wiring must be up to code and adequate for operations.
If there is a concession stand, all cooking exposures must be properly controlled. Handball and racquetball facilities may be a target for vandalism. Business income loss potential may be high after a loss due to the unavailability of backup facilities.
Crime exposure is from employee dishonesty and money and securities. Background checks should be conducted on all employees handling money. There should be a separation of duties between persons handling billing, deposits, and disbursements and handling bank statements.
Stripping the drawers regularly and making deposits at least once a day can minimize theft of money and securities. No money should be kept on the premises overnight.
Inland marine exposure is from accounts receivable if the center bills for dues or services, computers, and valuable papers and records for contracts and members' information.
Bailees coverage should be considered for guest clothing and items that are left in locker rooms or under the direct control of employees. Owned equipment used or taken off the premises can be damaged in transit or stolen.
Commercial auto exposure is generally limited to hired non-owned for employees running errands. If there are owned vehicles, they must be maintained on a regular basis with all service documented.
If the center sponsors a team and provides transportation, such as a bus or van, the driver must have the appropriate license for the transport and an acceptable MVR. If parents and volunteers are used as drivers, verification of insurance should be made and permission slips obtained for minors.
Handball And Racquetball Courts Insurance Montana - The Bottom Line
To protect your operations, employees and members, having the right handball and racquetball courts insurance Montana coverage is essential. To discover what types of policy options are available to you, how much coverage you should invest in and the premium - speak to a reputable commercial insurance agent.
Montana Economic Data, Regulations And Limits On Commercial Insurance
Thinking about starting a new business? Already own a successful business and want to expand your operations? Whatever the case may be, if you want to experience as much success as possible, you are going to want to ensure you choose the best possible location for your specific industry.
No matter how outstanding your goods and services may be, if the area where your business is located doesn't offer a healthy climate that will support your company, chances are you'll struggle to succeed.
If you are thinking about opening up a business in Montana, being familiar with the state's economic trends can help you determine if it's a good location for you. It's also wise to know what type of insurance you'll need to invest in so that you can plan ahead.
With that said, below, we provide an overview of the economic trends in the state of Montana, as well as the commercial insurance requirements for business owners in the Treasure State.
Economic Trends For Business Owners In Montana
As of December, 2019, the Bureau of Labor Statistics reported that the unemployment rate in the state of Montana was 3.4%; that's 0.1% lower than the national average, which was 3.5% at the same time. This rate remained steady throughout the entire 2019 fiscal year, and it is expected to either continue remaining steady or improve in coming years, according to economists.
Unemployment rate is a vital statistic for business owners, as it indicates the job market of a location, which is a strong determining factor in the success of businesses in the region.
There are several areas throughout the state of Montana that are seeing economic booms and where businesses are flourishing. Among those locations include the following cities and the areas that surround them:
- Great Falls
Several industries are seeing substantial growth in MT; however, there are particular sectors that are really thriving in Montana. Among those sectors include:
- Advanced manufacturing
- Hospitality and tourism
- Information technology
- Oil and gas production
- Retail development
If you are considering opening a business in any of the above-mentioned areas, your chances of success in Montana are favorable.
Commercial Insurance Requirements In Montana
The Office of the Montana State Auditor, Commissioner of Securities and Insurance regulates insurance in MT. Montana mandates very few forms of insurance coverage by law. They enforce worker's compensation.
Montana requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.
Montana also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.
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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Also find MT local small businesses by General Liability Class Code and learn about Montana small business insurance requirements for general liability, business property, commercial auto & workers compensation including MT business insurance costs. Call us (406) 637-8400.