Montana Ballpark Insurance Policy Information
Montana Ballpark Insurance. Ballparks - an affectionate name for baseball stadiums or fields - are where baseball games of all levels unfold.
Ballparks are designed for large public gatherings, primarily for sporting events, but may also offer 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 accommodate concerts or speakers. Often private box seating or suites are available which can be leased to individuals or corporations.
Ballparks usually have gift shops, locker rooms for athletes, private meeting rooms, restaurants, and snack bars. Liquor may be sold, particularly at sporting events. Ballparks can often hold tens of thousands of patrons.
As players that range from children who have only just begun to play recreational baseball to top-level professionals battle for victory, spectator seating for both teams surrounds the playing field.
Whether a ballpark serves major league professional athletes or youth leagues, there is no denying that owning and running a ballpark carries a broad spectrum of risks as well a lot of excitement. The fact that playing baseball features a relatively high risk of impact injuries only serves to highlight the potential perils ballparks may face.
What types of Montana ballpark insurance are needed to protect financial interests? To find out more, keep reading.
Montana ballpark insurance protects your facility from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Why Do MT Ballparks Need Insurance?
Risk and uncertainty are inherent parts of running any business - and ballparks can, like any other commercial ventures, be confronted with a multitude of circumstances beyond their control, even as they do everything they can to run a smooth operation.
Some of the perils a ballpark has to consider are universal, while others are specific to the field of athletics.
A ballpark can, for example, be impacted by an act of nature such as a wildfire, earthquake, or hurricane. In the aftermath, the expenses will not be limited to exorbitant repair or replacement costs, but also include revenue lost to business interruptions.
Criminal actions like theft or vandalism, or even simple malfunctions that lead to fire, all have the potential to wreak havoc as well. An employee, player, or spectator may also be injured under circumstances for which the ballpark can be held responsible, resulting in drawn-out lawsuits.
The right Montana ballpark insurance coverage offers an invaluable back-up plan if your business falls victim to these or other major perils.
Rather than being solely responsible for the overwhelming expenses associated with serious mishaps, your insurer will cover a significant portion of the costs so that your business can recover quickly.
What Type Of Insurance Do Montana Ballparks Need?
Athletic venues, including MT ballparks, will need to carry several types of insurance to protect them from financial loss that may result various hazards. The many factors that impact your insurance needs include the location and size of the ballpark, the nature of the athletic activities that it hosts, and its number of employees.
Because only a professional who has in-depth insights into your risk profile can help you craft a tailor-made Montana ballpark insurance plan, it is essential to consult a commercial insurance broker.
However, some of the most important types of insurance for ballparks include:
- Commercial Property - This important type of coverage protects ballparks from financial losses arising from perils like theft, vandalism, and acts of nature. It can cover physical buildings, outdoor assets, and smaller physical assets such as lockers and sound systems. Business interruption insurance can, as a sub-category of commercial property insurance, reimburse a business for revenue lost to a temporary closure.
- Commercial General Liability - In the event that a third party, such as a spectator, files a lawsuit alleging that your business is responsible for bodily injury or property damage, you will need this type of Montana ballpark insurance coverage to help fund related legal expenses, including settlement payouts and attorney fees. Note that general liability insurance almost always excludes perils that befall sports participants.
- Athletic Participation - This specialized type of coverage is invaluable for athletic venues, as sports activities do not fall under commercial general liability insurance. It covers liability risks pertaining to athletes, including sports injuries and catastrophic accidents.
- Workers' Compensation - Employees can suffer accidents and injuries within any field of commerce - and in a ballpark, possible scenarios are as varied as being hit by a stray ball or suffering repetitive stress injury while performing administrative tasks. In these cases, workers comp insurance covers the employee's medical bills, as well as any income they miss if they cannot return to work for a time.
Although these types of insurance are going to be must-haves for MT ballparks, it is important to keep in mind that they are merely examples of the kinds of coverage athletic venues require.
Because each venue will have unique circumstances that impact their risk profile, a seasoned commercial insurance agent should always be included when you evaluate your Montana ballpark insurance needs.
MT Ballpark's 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 held with employees. The ballpark 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.
In addition, there should be a "cutoff" 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 ballpark 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 ballpark 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, back injury, 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 slip and fall due to limited visibility as they ascend and descend steps carrying items to sell.
Animals brought to the ballpark 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 ballpark. It must be in good repair, adequate for the equipment used, and meet all current building standards.
Circuit breakers and/or fuses must be well maintained with no overrides. 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. Ballparks may be a target for vandalism. Business income loss and extra expenses 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 as those who handle disbursements and billings.
Frequent inventories and audits must be conducted for adequate monitoring. If tickets are sold at the ballpark, 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 with 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 ballpark assumes responsibility for the musical instruments, computers, equipment, or other property of athletes, 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.
Commercial 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 Ballpark Insurance - The Bottom Line
To learn more about the specific types of Montana ballpark insurance policies you'll need to protect your operations, and the related costs - consult with a reputable insurance broker 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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