Sports Team Insurance Policy Information
Sports Team Insurance. Sports involve fitness, teamwork, competition, excitement, winning, and losing. It's all fun and games in sports until someone gets hurt. On any particular afternoon, it's common to see many teams practicing sports throughout communities across.
In most cases, players, coaches, fans, and others involved in sports have a good time, but that's not always the case; things can go south quickly in any sports activity.
Players can experience concussions when they are tackled during game play, or a stray ball from the field can hit a spectator or a parked car. If your team is going to fully enjoy its sport, then the right team insurance is important to protect you, players, and others from liability claims due to injury or property damage.
A sports team insurance policy is tailored to protecting sports teams from the inherent risks involved in practicing and playing.
Sports team insurance protects your athletic club from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked sports team insurance questions:
- What Is Sports Team Insurance?
- How Much Does Sports Team Insurance Cost?
- Why Do Sports Teams Need Insurance?
- What Is Accident and Participant Liability Coverage?
- What Does Sports Team Insurance Cover & Pay For?
What Is Sports Team Insurance?
Sports team insurance is a type of insurance coverage that is specifically designed to protect sports teams and their members from financial loss in the event of an accident, injury, or other unforeseen incident. This can include coverage for medical expenses, liability for injuries caused by team members, and damage to equipment and facilities.
One of the main reasons for sports teams to have insurance is to protect against potential lawsuits. For example, if a player is injured during a game and sues the team for damages, sports team insurance can help cover the cost of legal fees and any settlement or judgment awarded to the injured player.
Another important aspect of sports team insurance is coverage for medical expenses. This can include the cost of emergency medical treatment, hospitalization, and rehabilitation for injured players. This coverage is particularly important for teams that have a higher risk of injuries, such as contact sports like football and hockey.
In addition to these basic coverage options, many sports team insurance policies also include additional coverage options, such as coverage for equipment and facilities, travel expenses, and lost income. For example, if a team's equipment is damaged or stolen, sports team insurance can help cover the cost of replacing it.
How Much Does Sports Team Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small sports teams ranges from $27 to $59 per month based on location, size, payroll, sales and experience.
Why Do Sports Teams Need Insurance?
Sports teams need insurance to protect themselves from a variety of potential risks and losses. These risks can include injuries to players or staff, damage to facilities or equipment, and even legal liabilities. In the fast-paced and competitive world of sports, accidents and unforeseen events can occur at any time, leaving teams without the proper coverage at a significant financial disadvantage.
Insurance can also provide protection for teams in the event of cancellations or postponements of games due to weather or other unforeseen circumstances. This can help teams to recoup lost revenues and expenses associated with rescheduling events. Additionally, insurance can provide teams with a safety net in case of unexpected losses or damages to facilities or equipment, helping to minimize the financial impact of such incidents.
Having sports team insurance can also be important for teams when it comes to attracting and retaining top-level players and staff. Players and coaches may be more likely to sign with teams that have adequate coverage in place to protect them from injuries or other risks.
In summary, sports teams need insurance to protect themselves from a variety of potential risks and losses that can arise from injuries, damage to facilities, legal liabilities, cancellations, and other unforeseen events. Without insurance, teams can be left financially exposed and at a disadvantage in the competitive sports world.
What Is Accident and Participant Liability Coverage?
One of the necessary types of coverage needed for youth sports teams is sports participant liability coverage. This type of sports team insurance coverage protects the team and organization as well as the supervisors and directors involved with the team from liability resulting from accidents and injuries.
In addition, the policy protects you from claims that are related to property damage, false arrest, slander, liability, and more.
Another major part of the sports team insurance policy is accident insurance. This insurance covers players and coaches who become hurt during the course of play or practice. This might include play and participation in games, clinics, traveling, practices, and other events.
This insurance usually pays off the remaining bills that are uncovered by the participant's health insurance.
Coverages Provided by Team Insurance
The key part of a sports team insurance policy is liability insurance. This coverage protects the organization, its participants, volunteers, and any employees should a covered activity result in a claim against you.
Some examples of covered activities include both supervised and organized games, practice sessions, try-out sessions, playoffs, tournaments, and so forth. It can also insure events hosted by your organizations, such as picnics, fundraisers, and award banquets, among other events.
Baseball Team Coverage
As many as one-quarter of all children ages 6 to 17 are involved in baseball as a team sport. It ranks among the three most popular sports for youth, so many companies have devised specific coverage packages for baseball teams that are made up of youth players.
Generally, the policies combine accident coverage with liability coverage for all participants and covers the risks that are involved with baseball teams that travel as well as those who play locally.
Many of the youth teams that travel need insurance that expands beyond the norm too cover travel activities. Customizing your team's policy to your specific needs is important, whether you travel by van or bus or have parents carpooling members to events.
Out-of-state travel should also be covered if your team travels across state lines. Work with an independent agent to iron out the details of your specific coverage needs.
Youth Football Insurance Coverage
One of the most dangerous youth sports is football. Organizations, leagues, and teams that play football should always have liability and participant accident policies in force. Most insurance experts suggest that a minimum of $100K in accident insurance is appropriate, since youth run the risk of concussions when playing tackle football.
The coverage selected should also carry a $1 million policy limit for future problems associated with football injuries. For instance, a player may have an injury that requires immediate treatment, only to find that ten years down the road, the old injury causes problems again.
The organization should be able to cover that liability with a sufficient amount of sports team insurance coverage.
Additional Insurance Coverage For Sports Teams
In addition to covering accidents and injuries, the insurance you choose for your sports team should also cover:
- Equipment. Damage to equipment should be covered under your policy or a separate rider.
- Theft/vandalism. This insurance covers the theft of equipment or money belonging to the team or organization.
- Excess liability. An umbrella adds additional liability protection for your team in the event of major claims.
Amateur Sports Teams And Leagues
Below are some of the most common amateur sports teams and leagues that need insurance:
- Adult Football (Tackle & Contact)
- Adult Lacrosse
- Adult Power Lifting
- Adult Water Hockey
- Adult Water Polo
- Adult Weightlifting
- Adventure Races
- Aerobic Exercise
- American Rugby
- Arm Wrestling
- BMX Stunt Cycling
- Baton Twirling
- Bocce Ball
- Body Boarding
- Body Building
- Box Lacrosse
- Cheerleading - Adult
- Cheerleading - Youth
- Cross Country Ski
- Cycling (Races)
- Cycling (Touring & Closed Course)
- Deck & Floor Hockey
- Disabled Sports
- Drill Team & Majorette - Adult
- Drill Team & Majorette - Youth
- Field Hockey
- Figure Skating
- Fishing (On Shore)
- Fishing (Open Water)
- Floor Hockey
- Football (Flag & Touch)
- Frisbee & Frisbee Golf
- Hammer Throw
- Hang Gliding
- Ice Hockey
- Inline Hockey
- Inline Skating (extreme, aggressive, stunt, free-style)
- Inline Skating (speed)
- Jai Alai
- Kite Surfing
- Lawn Bowls
- Luge (street)
- Martial Arts
- Martial Arts- Mixed
- Modern Pentathlon
- Motor Skills Development
- Mountain Biking
- Mountain Boarding
- Physical Fitness
- Physique & Pose (Performance)
- Polo (horse)
- Roller Derby
- Roller Hockey (quad)
- Roller Skating
- Rope Skipping
- Rowing & Crew
- Running (5k or 10K)
- Scooter Hockey
- Scuba Diving
- Skiing (Downhill)
- Sky Diving
- Sky Surfing
- Sled Dog Racing
- Snow Boarding & Snow Surfing
- Soap Box Derby
- Soccer Adult
- Soccer Youth
- Speed Skating
- Sports Parachuting
- Stick Hockey
- Street Hockey
- Strength & Conditioning
- Surfing (including Boogie Boards)
- Table Tennis
- Tae Kwon Do
- Team Handball
- Track & Field
- Track and Field (indoor)
- Ultimate Frisbee
- Umpires & Referees Association
- Wake Boarding
- Water Ski
- Wiffle Ball
- Wind Surfing
- Wrestling (Amateur Adult)
- Wrestling (Amateur Youth)
- Wrestling (Professional)
- Wrestling (Roman & Greco)
- Youth Football (Tackle & Contact)
- Youth Lacrosse
- Youth Power Lifting
- Youth Water Hockey
- Youth Water Polo
- Youth Weightlifting
What Does Sports Team Insurance Cover & Pay For?
Amateur sports teams can be sued for a variety of reasons, including:
Injuries to players: If a player is injured while participating in a sport, they may sue the team for negligence, lack of safety precautions, or failure to provide adequate medical attention. Insurance can help pay for legal expenses and settlements related to these types of lawsuits.
Discrimination or harassment: Players, coaches, or team officials may sue for discrimination or harassment based on race, gender, sexual orientation, or other protected characteristics. Insurance can help cover legal expenses and settlements related to these types of lawsuits.
Property damage: If a team damages someone else's property, such as a park or facility where they play, the owner may sue the team for the cost of repairs. Insurance can help cover legal expenses and settlements related to these types of lawsuits.
Breach of contract: If a team breaches a contract with a sponsor, venue, or other party, they may be sued for damages. Insurance can help cover legal expenses and settlements related to these types of lawsuits.
Insurance can protect amateur sports teams by providing liability coverage, which covers the costs of legal defense and settlement or judgment amounts in the event of a covered claim. This type of insurance can help pay for legal fees, court costs, expert witness fees, and settlements or judgments up to the policy limits. Additionally, insurance companies may provide risk management resources and guidance to help teams minimize the likelihood of being sued in the first place.
Commercial Insurance And Business Industry Classification
- SIC CODE: 7997 Membership Sports and Recreation Clubs
- NAICS CODE: 711211 Sports Teams and Clubs
- Suggested Workers Compensation Code(s): 9182 Athletic Sports or Park: Operations & Drivers
Description for 7997: Membership Sports and Recreation Clubsd
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.
- 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
Sports Team Insurance - The Bottom Line
Work with your licensed commercial agent to find the best quotes on the right sports team insurance policy for your team. An business insurance agent can give you quotes from several companies and recommend the level and type of coverage that your organization needs to fully mitigate potential liability and accident claims.
Additional Resources For Sports & Fitness Insurance
Learn about small business sports & fitness insurance policies and what they cover so that your customers, employees, and equipment are protected.
- Golf Course & Country Club
- Gym Fitness
- Hole-In-One Insurance
- Ice Skating Rinks
- Martial Arts
- Professional Sports
- Sports Team
- Swim Clubs
- Yoga Teacher
- Specialty Sports And Hobbies
The sports and fitness industry is a high-risk industry that requires insurance to protect businesses and individuals from unexpected accidents and injuries. This is especially important for businesses that offer physical activities or equipment, as they are more likely to face lawsuits if a customer is injured while participating in their services.
Additionally, the sports and fitness industry often involves high-value equipment and facilities that need to be protected from damages caused by natural disasters, vandalism, or theft. Commercial insurance can provide coverage for these types of losses, ensuring that businesses are able to continue operating and providing services to their customers.
Business insurance also plays a critical role in protecting the personal health and safety of those participating in sports and fitness activities. Accidents and injuries can occur at any time, and having the right insurance coverage can provide financial protection for medical expenses, lost wages, and other related costs.
Overall, the sports and fitness industry needs insurance to safeguard businesses and individuals from the risks and challenges that come with providing physical activities and equipment. Without insurance, the industry would be vulnerable to significant financial and legal losses, which could ultimately harm its ability to thrive and grow.
Minimum recommended small business insurance coverage: Building, Business Personal Property, Business Income and Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Bailees, Computers, Contractors' Equipment, Golf Carts, Valuable Papers and Records, General Liability, Employee Benefits, Environmental Impairment, Umbrella, Hired and Non-owned Auto & Workers Compensation.
Other commercial insurance policies to consider: Earthquake, Equipment Breakdown, Flood, Mobile Equipment, Cyber Liability, Employment-related Practices, Liquor Liability, Business Automobile Liability and Physical Damage, Garagekeepers, Stop Gap Liability and Unmanned Aerial Vehicles (UAV) (Drones).