Tennis Center Insurance Policy Information
Tennis Center Insurance. Tennis centers, which may offer both indoor and outdoor tennis courts, feature an exciting array of services.
Tennis centers offer indoor or outdoor facilities for tennis, handball, and racquetball. Some support other indoor sports such as basketball, wrestling, weight lifting, swimming, cheerleading or 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 repairs services offered.
These centers teach beginning tennis players of all ages the basics of the sport, host competitions, make it possible for recreational tennis players to enjoy casual matches.
The supporting infrastructure that makes all these activities possible will include changing rooms and showers, spectator seating, meeting rooms, and parking lots, as well as, often, cafeterias.
Owning and managing a tennis center is no easy task - even if everything runs smoothly. Given the fact that we live in a perilous and uncertain world, that is far from guaranteed.
That is why tennis centers should take proactive steps to manage the risks they are vulnerable to. Investing in appropriate insurance coverage plays a vital role in your risk management plan, but what types of tennis center insurance are needed? Keep reading to learn more.
Tennis center insurance protects your indoor or outdoor tennis facility from lawsuits with rates as low as $57/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked tennis facility insurance questions:
- How Much Does Tennis Center Insurance Cost?
- Why Do Tennis Centers Need Insurance?
- What Type Of Insurance Do Tennis Centers Need?
How Much Does Tennis Center Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small tennis centers ranges from $57 to $79 per month based on location, size, revenue, claims history and more.
Why Do Tennis Centers Need Insurance?
Just like any other business, tennis centers can find themselves facing unforeseen, and often disastrous, circumstances at any time. These perils, which include universal risks along with industry-specific hazards, have the potential to pose a massive financial burden.
They may even be of such a magnitude that they threaten the future of your tennis center.
Employees and members of the public alike could be injured as a result of anything from improper plumbing fixtures to slipping on wet floors, for example. Your tennis center may accidentally publish a graphic or song owned by someone else on its website, or a hacker could steal sensitive membership data and post it on the internet.
Disastrous scenarios such as earthquakes, wildfires, severe storms, or accidental fires could cause extensive damage to your facility and all the assets on the property. Theft and vandalism are, of course, two more common concerns.
While these perils can blow a fatal financial blow to a business that is not properly insured, acquiring comprehensive coverage offers you peace of mind that your tennis center will not have to shoulder the costs that catastrophes leave in their wake on your own.
Obtaining tennis center insurance reduces the risks inherent the facility, in other words.
What Type Of Insurance Do Tennis Centers Need?
The insurance market can be complicated to navigate - and the fact that each business will have unique insurance needs does not make the process any easier.
Factors such as the size of your facility, how many people frequent it, how many employees you have, and the exact scope of your services all influence what kinds of coverage will best protect you.
That is why it is vital to talk through your risk profile with an experienced commercial insurance broker who is well-versed in the needs of sports facilities. Among the kinds of tennis center insurance to look at in in-depth are:
- Commercial Property: Your physical building, outdoor tennis courts, and smaller assets such as computers and lockers can all be damaged, destroyed, or lost in perils like acts of nature, theft, and fires. This type of insurance provides coverage for all of them. By adding business interruption insurance, you will further be compensated for related temporary closures of your facility.
- General Liability: This type of insurance helps you cover legal costs associated with third party bodily injury or property damage claims arising from common scenarios. They would include accidental damage to parked vehicles within your parking space, or a visitor slipping on a wet floor.
- Athletic Participation: Because athletic activities do not fall under commercial general liability insurance, athletic participation insurance is also essential. It covers sports injuries and other catastrophic accidents for which your tennis center could be held responsible.
- Workers' Compensation: This kind of coverage protects you if an employee were to become injured in the workplace, by paying for their medical costs as well as funding any wages they miss out on if they need to take time off due to their injury.
If you own and run a tennis center, you will want to keep in mind that you may also require additional types of coverage, such as commercial auto insurance or equipment breakdown insurance to cover the repair or replacement of, for example, sound and lighting systems.
A commercial insurance broker will be happy to answer questions more specifically pertaining to your individual tennis center insurance needs.
Tennis Center's 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 are 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 the 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 can be high if there are outside grass or clay courts and extensive landscaping. Maintenance workers can be injured by machinery or incur contact dermatitis, lung, and respiratory illness from working with chemicals.
Cooking 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 may be minimal if the only structures are outdoor courts and a small clubhouse. Indoor facilities have ignition sources that 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. Tennis facilities may be a target for vandalism. If occupancy is seasonal, daily visits must be made to check on its condition. Business income loss potential is high when backup facilities are not available.
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 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 guests' 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 or the club provides team transportation, the vehicle driver should not be a team member. All drivers should have the appropriate license and acceptable MVRs.
Owned vehicles must be maintained on a regular basis with all service documented. 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
Tennis Center Insurance - The Bottom Line
To protect your business, employees and the people you serve, having the right tennis center insurance coverage is vital. To learn what types of options are available to you, how much coverage you should invest in and the cost - 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.