The Specialty Clubs And Leisure Time Activities Insurance Guide
Clubs And Leisure Time Activities Insurance. This guide provides information on excess, surplus and specialty lines small business insurance policies and risks.
Here you can find basic descriptions of the specific industry risks or specialty coverage types available for Clubs And Leisure Time Activities Insurance.
For certain types of small businesses, particularly new ones - it is often very hard to know what types of commercial insurance is needed, what the risks are that should be covered - and where to find coverage.
We wanted to provide reference for specialty commercial insurance to help our readers get a better understanding of Clubs And Leisure Time Activities Insurance policies they might need to do business.
Learn about Specialty Clubs And Leisure Time Activities Insurance to better understand common risks, exposures and the types of commercial insurance coverage available to protect your small business and it's operations.
Clubs And Leisure Time Activities Insurance Types
Click on the links below to learn more about Specialty Clubs And Leisure Time Activities Insurance types and coverages:
- Amateur Athletic Programs Insurance
- Archery ClubsInsurance
- Billiard Parlors Insurance
- Bingo Halls Insurance
- Bowling Centers Insurance
- Campground Owners Liability Insurance
- Country Clubs Insurance
- Exercise And Physical Fitness Centers Insurance
- Fraternal Organizations Insurance
- Golf Courses Insurance
- Hunting And Fishing Clubs Insurance
- Recreational Clubs Liability Insurance
- Riding Academies And Hunt Clubs Insurance
- Shooting Range Liability Insurance
- Sports Camps Insurance
- Youth Sports Programs Insurance
What Type Of Insurance Do Amateur Athletic Programs Need?
Accidental Death and Dismemberment (AD&D) and medical expense coverages are very important to amateur athletic programs in colleges, universities, and Amateur Athletic Union (AAU) clubs such as track, wrestling, basketball, and other amateur sports activities. Specialists cover National Collegiate Athletic Association (NCAA) programs for sports injuries in larger programs such as football and basketball. Coverage includes high AD&D limits, which covers the participant's disability if he or she cannot participate in the sport because of a sports-related injury or because of an illness that is discovered such as heart disease. Individual colleges or clubs offer coverage to their participants and may offer significant limits for star athletes headed for professional careers in football, baseball, basketball, or track.
What Type Of Insurance Do Archery Clubs Need?
Liability coverage on archery clubs through standard markets may not be available. Specialty brokers and general agents can provide general liability, personal and advertising injury liability, and medical expenses for archery clubs. Ancillary lines may also be available but are usually not required.
What Type Of Insurance Do Billiard Parlors Need?
Billiard parlors and pool halls were trademarks of Main Street America years ago. Today, most standard carriers avoid this class of business because many establishments have substandard conditions, are in the inner city, serve alcohol, permit smoking, and have poor reputations. Insurers that write this class of business provide commercial general liability, liquor liability, and property coverages.
What Type Of Insurance Do Bingo Halls Need?
Bingo is a popular game of chance throughout the United States and Canada. Bingo was originally played only at church fairs, social gatherings, and at private schools in order to raise funds. Currently, many states have large-scale bingo games that operate several times a week in large halls under the control of state gaming commissions. Gaming laws vary from state to state but many charities sponsor such bingo games. Examples of sponsors are churches, schools, fraternal lodges, and other established charitable organizations. Extremely large bingo games held on Indian reservations are not subject to state laws. The sponsoring organization's general liability policy may not cover the general liability exposures presented by bingo games at offsite locations because they do not fall within that organization's normal scope of activities.
What Type Of Insurance Do Bowling Centers Need?
Bowling is a major recreational activity enjoyed by individuals, families, and groups. Bowling centers can be difficult property exposures to place because standard physical characteristics allow fires to start quickly and spread rapidly. Large, open, undivided areas, unprotected roof supports, large concealed spaces above ceilings and below the alleys, inadequate water supplies, and poor public fire protection in outlying suburbs or remote areas are the primary underwriting concerns. Lacquer, wax, and storage of other solvents add significantly to the fire load. Restaurant and/or bar exposures can provide the spark that triggers a major loss.
What Is Campground Owners Liability Insurance?
Campgrounds that provide overnight camping space and ancillary facilities such as restrooms, showers, and utility hookups for individuals and families are eligible. Most guests sleep in their own tents, campers, or recreational vehicles. However, a campground owner may provide a limited number of overnight rental units. Liability coverage available to private campground owners insures against claims that allege negligence due to conditions on the premises and from incidental operations such as concession sales, restaurants, or fishing ponds and lakes. Property coverage is available for damage to the campground owner's property due to various perils or causes of loss, including damage by campers and for resulting loss of rental income.
What Type Of Insurance Do Country Clubs Need?
Property coverage on private golf and country clubs can be difficult to place because they are located far from public water supplies and paid fire protection. The structures are often frame or joisted masonry construction and have significant values. Special coverage on certain property such as golf mobiles, golf course greens, and coverage for members' property in lockers is often available from only markets that have specific programs for country clubs. Restaurant and liquor exposures are also often present.
What Type Of Insurance Do Exercise And Physical Fitness Centers Need?
Thousands of men and women spend large sums of money for physical fitness and exercise programs. There are multiple business models. Some facilities offer only very basic services. Others are complex facilities similar to recreational sports clubs and offer additional features such as tanning booths and racquetball and handball courts, in addition to traditional exercise rooms. In most cases, larger facilities present a broader scope of liability exposure and a greater concentration of property values. Insurance programs for health centers include property, liability (including professional and products exposures), locker room legal liability, crime, and umbrella coverages.
What Type Of Insurance Do Fraternal Organizations Need?
Nonprofit fraternal organizations and civic clubs may be insured for their property, liability, and D&O exposures. Examples are the American Legion, Veterans of Foreign Wars, Knights of Columbus, Elks, Moose, and Kiwanis. Employment-related practices liability and liquor liability are optional coverages that also are available.
What Type Of Insurance Do Golf Courses Need?
Elaborate golf courses and clubhouses are found all over the country and these facilities represent large investments that need commercial insurance protection and risk management programs. A number of property and casualty packages currently available insure a wide range of property and liability exposures. They include specialty coverages such as liquor liability; directors and officers liability; property coverage for tees, greens, and fairways; and environmental impairment liability for application of herbicides and pesticides.
What Type Of Insurance Do Hunting And Fishing Clubs Need?
These clubs own land or lakes stocked with wildlife or game fish. Their facilities are developed and controlled for the exclusive use of members and their guests. Coverage applies to the club's liability. Underwriters usually evaluate the total acreage, whether it is fenced and posted or not, proximity to traveled roads, whether it is a private club or one owned by an individual or individuals, estimated receipts from game hunting or fishing, and the estimated number of hunting and/or fishing days.
What Is Recreational Clubs Liability Insurance?
There are as many different types of recreational clubs as there are recreational activities. However, nearly every one involves some element of danger to club members or the general public if safety precautions are not taken. Common prospects for this coverage include archery clubs, gun, trap, and skeet clubs, hunting and fishing clubs, swim clubs, and skydiving clubs. While certain liability exposures are common to all such risks, each must be underwritten separately and on its own merits.
What Type Of Insurance Do Riding Academies And Hunt Clubs Need?
Insurers that specialize in writing equestrian liability and mortality also write this coverage. Riding academies or schools are especially difficult risks to insure because the participants are often either beginners learning to ride saddle horses or are experienced riders trying to acquire new skills, such as jumping. Riding academies also stable horses for owners who will ride their own horses and often permit the owner of the academy to use the horses for riding lessons or excursions. The owner of the academy has a care, custody and control exposure for these horses. The riding academy may also conduct special events, such as rodeos, horse shows and jumping competitions and these events add a spectator liability hazard.
What Is Shooting Range Liability Insurance?
Liability insurance is available for trap, clay pigeon, and similar or related target ranges. Programs are available for public ranges and for private operations open for the use of only their members and the member's guests. Underwriters require detailed information about the layout of the range and distances from roads or other public areas.
What Type Of Insurance Do Sports Camps Need?
Sports camps are popular places for young boys and girls to go to learn basic and advanced skills of tennis, baseball, basketball, football, soccer, and other individual or team sports. Liability coverage, including abuse and molestation, is an important coverage for the camp director and staff. Accidental death and dismemberment and accident medical expense coverage is often considered mandatory for campers.
What Type Of Insurance Do Youth Sports Programs Need?
Many different organizations, such as the Boy Scouts, Girl Scouts, CYO organizations, Little League, churches, Boys and Girls Clubs, PAL clubs, and schools sponsor youth sports activities. Most liability coverage forms and policies written on such organizations exclude bodily injury to the sports participants. Special group policies partially fill this gap by covering accidental death, disfigurement, disability, and medical coverage for injured youth. Coverage is written on a group basis based on a premium charge for each participant.
Clubs And Leisure Time Activities Insurance - The Bottom Line
We hope that the Clubs And Leisure Time Activities Insurance helps you to better understand the some of the specialty small business commercial insurance policies available for your business. To find out what types of coverage your unique business needs, speak to a professional commercial broker with experience in insuring businesses like yours.
Specialty Small Business Insurance Guide By Industry, Risk Or Policy Type
- Accident And Sickness / AD&D
- Aircraft And Airports
- Amusement Parks And Rides
- Animals And Birds
- Arts And Antiques
- Auctions And Farmers Markets
- Automobiles, Trucks And Recreational Vehicles
- Business Risks
- Clubs And Leisure Time Activities
- Community Service Organizations
- Dealers And Distributors
- Directors And Officers Liability
- Drugs And Alcohol
- Employee Protection
- Environmental Risks
- Errors And Omissions
- Farm Risks
- Financial Institutions And Services
- Firearm And Shooting
- Food And Restaurants
- Hazardous Materials
- Health Risks
- Hotels And Motels
- Inland Marine
- Insurance Services
- Machinery And Tools
- Medical Centers And Clinics
- Medical Malpractice
- Mobile And Modular Homes
- Motorcycle Risks
- Natural Disasters
- Nonprofit Agencies
- Oil And Chemical
- Physical Damage
- Prize Indemnification
- Product Liability
- Real Estate
- Retail Stores
- Schools And Education
- Security Risks And Equipment
- Service Businesses
- Sports And Hobbies
- Substandard Risks
- Weather Related
- Workers Comp
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.