Montana Athletic Fields Insurance Policy Information
Montana Athletic Fields Insurance. Athletic fields, or sports grounds, are specifically-designed outdoor venues - each sport, whether football, soccer, tennis, rugby, or basketball, has its own specifications and dimensions.
Athletic fields are designed for large public gatherings, generally for sporting events, but sometimes adapted for cultural or educational programs. They can be open-air, covered, or have retractable roofs. They can be owned and operated by governmental or private entities.
They generally have a large field surrounded by tiers of seats for spectators. A stage may be added to the field to accommodate concerts or speakers. Often private box seating or suites are available which can be leased to individuals or corporations.
Athletic fields usually have gift shops, locker rooms for athletes, private meeting rooms, restaurants, and snack bars. Liquor may be sold, particularly at sporting events. Athletic fields can often hold tens of thousands of patrons.
The field itself may primarily consist of a particular type of natural soil, artificial solutions such as plastic film layers laid over sand, or even, in the case of ice-skating rinks, ice.
Besides the field itself, these facilities will also typically offer additional amenities ranging from spectator seating and locker rooms to concession stands. Athletic fields may be used by recreational players, high school teams, or professional athletes.
While there is no question that MT athletic fields play an essential role in public health as well as recreation, building a a business in this branch of commerce is intense work, and your success will depend on your ability to properly maintain both your sports grounds and your professional reputation.
Even one unexpected and perilous event can do extensive damage, and that is why it is crucial to carry the correct types of Montana athletic fields insurance. To discover what coverage athletic fields may need, keep reading.
Montana athletic fields insurance protects your sports operation from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Why Do MT Athletic Fields Need Insurance?
Athletic fields should carry outstanding insurance not simply to meet legal requirements or satisfy lenders' conditions, but also to protect their financial future.
The reason is simple - athletic fields can be struck by universal and industry-specific perils alike, and in both cases, the costs may be so extensive that you would not be able to survive them on your own. Armed with excellent coverage, on the other hand, these threats instantly become much more manageable.
Theft, vandalism, and acts of nature such as wildfires, floods, storms, and hurricanes are important examples of hazards that could impact virtually any business. In the aftermath, your athletic field would be saddled with significant repair or replacement costs as well as potentially ruinous business interruptions.
Members of the public and employees could also be injured on your property in a variety of circumstances, subsequently filing lawsuits accompanied by exorbitant costs even if you are not found responsible. The same holds true for allegations of third party property damage.
This industry will want to pay special attention to the fact that injuries resulting from sports activities are not covered by general liability policies, and invest in specialized Montana athletic fields insurance coverage to guard themselves against the costs associated with this peril.
What Type Of Insurance Do Montana Athletic Fields Need?
The modern insurance market offers such extensive options that the process of acquiring comprehensive coverage can easily become overwhelming. There is, unfortunately, no one-size-fits-all insurance option, as your individual circumstances dictate what risks you face, and therewith also your insurance needs.
The jurisdiction within which your athletic field is based, the nature of the climate and terrain, your number of employees, and the equipment you rely on to maintain your fields and host athletic events are just some of the factors that have to be taken into account.
That is why it is essential to consult a reputable commercial insurance broker, who can guide you through the process.
With that in mind, these operations should be are of the following important types of Montana athletic fields insurance:
- Commercial Property - You may instantly think "physical building" when you hear this term, but commercial property insurance also serves to protect outdoor and other physical assets in the event of perils that include theft, vandalism, and acts of nature.
- Commercial Flood - Floods can cause extensive damage to athletic fields, whether the soil is natural or artificial. Because most commercial property insurance policies do not cover flood damage, sports grounds will need to carry flood insurance as well.
- Commercial General Liability - This type of insurance provides coverage in the event of third party property damage and bodily injury claims resulting from scenarios of a broad and universal nature, such as accidental copyright infringements on a website or visitors slipping in wet changing rooms.
- Athletic Participation - Because general liability insurance does not cover athletes on the field, this type of Montana athletic fields insurance is crucial for sports grounds. It covers athlete injuries that occur under circumstances for which you could be held responsible, such as due to improper maintenance.
- Workers' Compensation - This kind of coverage will pay the medical bills of employees who sustain workplace injuries, as well as reimbursing them for any lost income as they recover.
Keep in mind that there can be further Montana athletic fields insurance needs, as each facility is unique. To find out more, you are advised to direct your questions to a trusted commercial insurance broker who is deeply familiar with your field of commerce.
MT Athletic Fields' Risks & Exposures
Premises liability exposure is high due to the large numbers of visitors on premises and the strong emotions that can arise between rival fans during sporting events. Public and life safety code compliance is very important.
Good housekeeping is critical to preventing trips, slips, and falls. Any group tours must be staffed to adequately supervise participants. Escalators and elevators must be inspected regularly. Floor coverings must be in good condition.
Adequate lighting, marking of exits and egress are mandatory. Steps must have handrails, be well lit, marked, and in good repair. Parking areas should be maintained free of snow and ice. Security at events, in the building, corridors, and any owned parking area, needs to be carefully reviewed.
Disaster plans, including terrorist attacks, must be in place and practice drills should be held with employees. The athletic field may present an attractive nuisance hazard when not in use. There must be adequate security to prevent unauthorized entry to children, vandals, or would-be terrorists.
Personal injury losses may occur due to alleged wrongful removal, invasion of privacy, or discrimination. Contracts with suppliers, vendors, event planners, and performers must be clear as to all responsibilities.
Liquor liability exposure can be quite extensive at a sporting event 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.
There should be a "cut-off" time well before the end of the game or activity to prevent visitors from excessive alcohol consumption prior to driving home.
Products liability exposures can be high if the athletic field operates the restaurants or snack bars. 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. Other product liability exposures can arise from gift shops. If these are contracted out, the athletic field should verify that the operators have adequate liability coverage.
Workers compensation exposure can be very high. Employees who set up, build, or transport stage settings, equipment, lighting, and scenery may be injured by cuts, puncture wounds, electrical shocks and burns, slips and falls, or back injuries, hernias, strains, or sprains from lifting or working from awkward positions.
Stage and lighting setup may involve aboveground exposures that need additional protection and precautions to avoid falling from heights or being hit by falling objects. Hawkers, peddlers, and vendors employed by the facility to sell wares in the stands have high potential to slips and falls due to limited visibility as they ascend and descend steps carrying items to sell.
Animals brought to the athletic field by performers can spread disease, bite, scratch, or kick workers. Ongoing exposure to noise levels can result in hearing impairment. Food preparation operations can result in cuts, scrapes, and burns. Cleaning and maintenance operations can result in lung, eye or skin irritations, and reactions.
Adequate security and training must be provided to employees handling money in ticket booths, gift shops, and concession stands to reduce the possibility of injury due to holdups. Security personnel should be trained to deal with both holdups and unruly patrons.
Property exposure is very high due to the extensive electrical wiring for lighting, sound systems, and other electronic equipment. Event sponsors and performers will often bring their own equipment that must be fitted into the electrical system provided by the athletic field. It must be in good repair, adequate for the equipment used, and meet all current building standards. Circuit breakers must be well maintained and not be able to be overridden.
Stage preparations such as building, painting, or gluing scenery or displays that use wood, plastic, or flammables will contribute to the fire load. Some performers incorporate smoke or fireworks into their shows. These operations must be properly controlled, with all flammables stored in approved containers and cabinets.
If food preparation is done on premises, such as in concession stands, all cooking equipment must be properly controlled. Smoking should be prohibited throughout the facility. There should be hard-wired smoke detectors throughout the facility.
A sprinkler system is advisable. Domed roofs may collapse due to heavy wind or snow. Athletic fields may be a target for vandalism. Business income loss and extra expense may be high after a loss due to the unavailability of backup facilities.
Equipment breakdown exposure may be high due to the heating and air conditioning systems, cooking equipment, hot water systems, electrical control panels, and lighting and sound equipment used for special events.
Breakdown and loss of use could result in a significant loss, both direct and under time element, if replacements parts are unavailable or repair time is lengthy.
Crime exposure is from employee dishonesty and money and securities. Employee dishonesty coverage should be extended to include volunteers. Background checks should be conducted on all employees and volunteers handling money. Employees who are in charge of ordering must not be the same who handle disbursements and billings. Frequent inventories and audits must be conducted for adequate monitoring.
If tickets are sold at the athletic field, a significant amount of cash may accumulate. Cashiers' drawers should be kept stripped with regular deposits made throughout the day. There should be a centrally located locked cash room with a guard on hand to protect the employees and money.
All monies should be double counted and balanced with cashier balance sheets. All cashiers must be held accountable for shortages.
Inland marine exposures are from audio-visual equipment, computers, fine arts, musical instruments, theatrical equipment, and valuable papers and records for contracts with suppliers and vendors. Values can be high due to the wide variety of equipment for sports, sound, lighting, scenery, and displays.
Owned equipment taken off premises can be damaged in transit or stolen. If the athletic field assumes responsibility for the musical instruments, computers, equipment or other property of entertainers or other occupants while on the premises, bailees customers coverage should also be considered.
Duplicates of records should be made and stored off-site for easy restoration.
Business auto exposure is generally limited to hired non-owned for employees running errands. If there is transportation of athletes, guests, performers, officials, or visitors, the exposure increases.
If there are owned vehicles, all drivers must be properly licensed and have acceptable MVRs. Vehicles must be maintained on a regular basis with all service documented.
Montana Athletic Fields Insurance - The Bottom Line
To learn more about the types of Montana athletic fields insurance policies you'll need, how much coverage you should carry and the related costs - speak with a reputable agent that is experienced in commercial insurance.
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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