Handball And Racquetball Courts Insurance Policy Information
Handball And Racquetball Courts Insurance. 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 coverage. To learn what types of insurance you may require, keep reading.
Handball and racquetball courts insurance protects facilities from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked handball and racquetball center insurance questions:
- How Much Does Handball And Racquetball Courts Insurance Cost?
- Why Do Handball And Racquetball Courts Need Insurance?
- What Type Of Insurance Do Handball And Racquetball Courts Need?
How Much Does Handball And Racquetball Courts Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small handball and racquetball centers ranges from $47 to $79 per month based on location, size, revenue, claims history and more.
Why Do Handball And Racquetball Courts Need Insurance?
As the owner of a 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 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 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 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 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 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.
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.
Commercial Insurance And Business Industry Classification
- SIC CODE: 7997 Membership Sports And Recreation Clubs
- NAICS CODE: 713940 Fitness and Recreational Sports Centers
- Suggested ISO General Liability Code(s): 16670, 41665
- Suggested Workers Compensation Code(s): 9015, 9016
Description for 7997: Membership Sports And Recreation Clubs
Division I: Services | Major Group 79: Amusement And Recreation Services | Industry Group 799: Miscellaneous Amusement And Recreation
7997 Membership Sports And Recreation Clubs: Sports and recreation clubs which are restricted to use by members and their guests. Country, golf, tennis, yacht, and amateur sports and recreation clubs are included in this industry. Physical fitness facilities are classified in Industry 7991.
- Aviation clubs, membership
- Baseball clubs except professional and semiprofessional
- Bathing beaches, membership
- Beach clubs, membership
- Boating clubs, membership
- Bowling leagues or teams, except professional and semiprofessional
- Bridge clubs, membership
- Club, membership: sports and recreation, except physical fitness
- Country clubs, membership
- Flying fields maintained by aviation club
- Football club, except professional and semiprofessional
- Golf clubs, membership
- Gun clubs, membership
- Handball clubs, membership
- Hockey clubs, except professional and semiprofessional
- Hunt clubs, membership
- Racquetball clubs, membership
- Recreation and sports club, membership: except physical fitness
- Riding clubs, membership
- Shooting clubs, membership
- Soccer clubs, except professional and semiprofessional
- Sports and recreation clubs, membership: except physical fitness
- Swimming clubs, membership
- Tennis clubs, membership
- Yacht clubs, membership
Handball And Racquetball Courts Insurance - The Bottom Line
To protect your operations, employees and members, having the right handball and racquetball courts insurance 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.
Types Of Small Business Insurance - Requirements & Regulations
Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.
Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.
Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.
Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.
Small Business Insurance Information
In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.
The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.
Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.
According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage.
Types Of Small Business Insurance
Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:
- What type of business am I running?
- What are common risks associated with this industry?
- Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
- Does my state require me to carry this type of insurance?
- Does my lender or do any of my investors require me to carry this type of policy?
A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:
|Business Insurance Policy Type||What Is Covered?|
|General Liability Insurance||What is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.|
|Workers Compensation Insurance||What is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.|
|Product Liability Insurance||What is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.|
|Commercial Property Insurance||What is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.|
|Business Owners Policy (BOP)||What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.|
|Commercial Auto Insurance||What is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.|
|Commercial Umbrella Policies||What is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.|
|Liquor Liability Insurance||What is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.|
|Professional Liability (Errors & Omissions)||What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.|
|Surety Bond||What is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).|
Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.
Business Insurance Required by Law
If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.
Your insurance agent can help you check applicable state laws so you can bring your business into compliance.
Other Types Of Small Business Insurance
There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:
- Business Interruption Insurance
- Commercial Flood Insurance
- Contractor's Insurance
- Cyber Liability
- Data Breach
- Directors and Officers
- Employment Practices Liability
- Environmental or Pollution Liability
- Management Liability
- Sexual Misconduct Liability
Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.
Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.
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.