Specialty Sports And Hobbies Insurance

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The Specialty Sports And Hobbies Insurance Guide

Sports And Hobbies Insurance

Sports And Hobbies 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 Sports And Hobbies 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 Sports And Hobbies Insurance policies they might need to do business.

Learn about Specialty Sports And Hobbies Insurance to better understand common risks, exposures and the types of commercial insurance coverage available to protect your small business and it's operations.

Sports And Hobbies Insurance Types

Click on the links below to learn more about Specialty Sports And Hobbies Insurance types and coverages:



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 Coin Operated Amusement Devices Businesses Need?

This class of business can be difficult to place. The popularity of coin-operated amusement devices has spread from amusement parks and carnivals to supermarkets, public parks, and shopping centers. Most standard markets are unwilling to write such devices because they are often unattended.


What Type Of Insurance Do Amusement Parks And Fairgrounds Need?

Permanent amusement parks and fairgrounds are easier to insure than movable, portable, and short-term carnivals and circuses. Property coverage may be a problem due to electronic devices, food service operations, lack of public fire protection, the potential for vandalism, and because many of these operations are seasonal. Liability coverage protects the amusement park owner or fairgrounds operator against claims for bodily injury and property damage that arise from premises and operations at specific locations.


What Type Of Insurance Do Amusement Rides Operators Need?

Amusement rides range from relatively tame and mundane carousels and merry-go-rounds to breath-taking roller coasters and other thrill rides. Permanent, fixed-base amusement rides are more desirable insurance risks than the carnival rides that are constantly moving from one location to another. Permanent rides are considered safer because they are not constantly being disassembled at one location, moved, and then re-assembled at a new location. Another advantage is that the concessionaire or one of its employees is assigned to a device and must meet established minimum safety standards. These rides are also subject to various state safety inspections. Coverage is available for midway stands, games of chance, and shooting galleries. Some companies also provide property coverage on these rides.


What Type Of Insurance Do Animal Rides Operators Need?

Animal ride concessions are popular attractions and can be found at permanent amusement parks, zoos, carnivals, shopping centers, and church, civic, and fund-raising bazaars. The primary underwriting concern is injuries to young children that arise when careless attendants are combined with untrained animals.


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 Is Athletic Event Cancellation Insurance?

Cancelling or postponing a college football game or entire season due to a catastrophic event such as an airplane or vehicle crash or an epidemic such as hepatitis could spell financial disaster for large schools whose entire athletic program depends on football gate receipts and television or radio revenue. International competition, touring track, tennis, and soccer teams could be completely eliminated if there is a tragic accident. The coverage provided is usually for an epidemic, airline crash, or a bus accident. It applies on an "actual loss sustained" basis for any reduction in anticipated income as a result of scheduled games being completely cancelled. Gate receipts, television and radio revenue, advertising income from programs, and sponsoring fees from outside organizations are examples of such income. Limits can apply on a "per-game" basis with an aggregate limit for the entire season.


What Is Automobile And Snowmobile Racing Liability Insurance?

Automobile racing events attract large crowds. This coverage protects the insured track or road course owner and/or the sponsors that conduct the event against spectator's claims brought because of injuries sustained at the track or road course. Three potential hazards are grandstands or bleachers that collapse; contact with racing vehicles; and contact with debris from an accident on the track or road course. This coverage does not apply to claims by participant drivers or owners of racing vehicles. This coverage is also available for race tracks and road courses that specialize in recreational vehicle racing, such as motorcycles and snowmobiles.


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 Boat Rental Operators Need?

Boat rental may be for one hour, one day or for all summer. The potential for injury is significant because of the water exposure and inexperience of the operator. Many boat rentals are located in resort areas so that the liability exposure is limited to the summer months. The physical damage exposure is a year-round exposure because the boats must be serviced, repaired, and stored when they are not in use.


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 Type Of Insurance Do Bungee Jumping Events Need?

Bungee jumping is a popular activity. Participants leap from platforms, bridges, cranes, or hot air balloons while attached by flexible rubber or synthetic bungee cords to the object. Businesses engaged in this activity need general liability insurance to cover their liability for the event's operation, as well as spectator and participant liability. They usually require that participants sign a waiver and release that acknowledges that bungee jumping is dangerous and that the operators are not responsible for anything that happens that is beyond their control.


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 Canoe Trips And River Rafting Businesses Need?

Resort hotels, dude ranches, outfitters, and guides may provide water-based activities for their clients/guests. Canoe trips and whitewater or non-whitewater floating and rafting can be a relatively safe water activity. However, it can be extremely dangerous when it involves high water and whitewater rapids. Coverage for this exposure can be added to a hotel or resort's policy, be part of a package for licensed guides and outfitters, or be a separate policy for organizations that offer river rafting and canoe trips.


What Type Of Insurance Do Carnivals And Circuses Need?

Carnivals and circuses are similar to amusement parks but they are much more difficult to place because they are mobile. They travel to and from a number of different locations, employ short-term employees (or hire short-term contractors or concessionaires), and must dismantle and reassemble rides and amusement devices at each stop. It is much easier to obtain liability insurance for sponsors of carnivals and circuses, such as churches, schools, municipalities, and fraternal organizations, than it is to cover the carnival or circus itself and its variety of concessionaires.


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 Dance Schools Need?

These risks cater to young children who receive early instruction in ballet, tap, and other dance techniques; youth who want to improve their dancing ability; and adults who want to learn ballroom and other types of dancing. The exposure varies based on the school's specialty. Specific discipline instruction such as in classic ballet or tap dance differs significantly from large studios that offer multiple genres of dance instruction from preschool to adult. Specialized programs that offer general liability coverage including liability for injury to participants are available. Coverage applies for classes both on and off premises along with other off-premises operations such as performances. Instructors' professional liability coverage is usually included. Inland marine floaters are available to cover equipment taken offsite. Accident/medical expense coverage may be available.


What Type Of Insurance Do Dive Shops And Instructors Need?

Property and liability coverage for dive shops is difficult to place. The two most important components of surviving underwater are equipment and instruction. Errors or inadequacies in either can result in serious injury or death. Divers must receive instruction and be certified to dive with the equipment before they take their first dive. Dive shop instructors can provide that certification. The certificate verifies that the individual is capable of being underwater for long periods of time so it must be issued judiciously. Coverage for these shops includes commercial general liability and personal property coverage for the expensive merchandise and equipment held for sale or rent. On-site pools are covered. Professional liability insurance for diving instructors is available only to those with proper credentials.


What Is Drag Strip Liability Insurance?

Large crowds usually attend national drag racing championship races and other drag racing events held at various locations across the country. The same markets that insure spectator liability at automobile racetracks often write the liability coverage for these events as well. Underwriters require strict specific safety precautions and both guardrails and high fences to protect spectators from drag cars that go out of control.


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 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 Golf Driving Ranges Need?

There are many different ways to cover stand-alone golf driving ranges. Coverage on buildings, business personal property, and equipment is often written on a replacement cost basis for special causes of loss. Other property that can be covered includes signs, off-premises property, netting, fencing, night-lights, video equipment, and related structures. Loss of income coverage can be included automatically or as a separate coverage. Crime and liability coverages are needed to complete the package. Many programs also include umbrella or excess policies.


What Is Gymnastics Liability Insurance?

Preparing for athletic events requires endless hours of training. There is potential for significant injuries during both sanctioned events and training. Gymnastics liability covers this exposure. In addition, this coverage protects athletes while they travel to and from events. This coverage is excess over medical coverage that the athletes purchase. Gymnastic clubs or programs, such as those that the YMCA organizes, are eligible for this coverage.


What Type Of Insurance Do High Performance Boats Need?

Insurance on this class of business is written on broad form marine policies and covers business-owned vessels capable of attaining speeds of 100 miles per hour or more. Hull and liability coverage is available, including medical payments, personal effects, and uninsured boaters coverage. These policies are issued at agreed value with named operator warranties. Extended land transit coverage and transit and storage coverage options are available, as are extended navigation areas. Boats with either single or multi-hulls are eligible.


What Type Of Insurance Do Hot Air Balloons Operators Need?

Recreational enthusiasts and companies use hot air balloons to provide rides for themselves and their customers. They may also use the balloon to provide other services such as advertising. Coverage is available for physical damage to the balloon and liability for damage to the property of others and bodily injury to passengers and non-passengers.


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 Kart Liability Insurance?

This coverage insures the liability of individual kart (Go-Kart) owners and karting enthusiasts. The bodily injury and property damage liability coverage provided protects the insured for hazards that arise out of his or her ownership, maintenance, or use of a kart, including racing, on private property in the United States and Canada. The following companies write liability insurance for kart owners:


What Is Martial Arts Liability Insurance?

Martial arts instruction is a broad term used for schools that teach the martial arts such as karate, judo, jujitsu, mixed martial arts, kickboxing, kung fu, and tae kwon do. Liability programs through specialty insurers cover school owners, instructors, and other employees. Important considerations include the instructors' skills and experience, the amount of supervision, and the types of students who receive instruction.


What Type Of Insurance Do Miniature Golf Operations Need?

A number of markets that specialize in sports and entertainment risks write insurance for miniature golf operations. Named perils coverage on greens is available in addition to property and liability coverage.


What Type Of Insurance Do Motor Home Rental Businesses Need?

Motor homes can be rented for weekend excursions, family vacation trips, or commercial use on a short-term or long-term basis. This insurance is sold to the dealer. It covers the motor home while it is rented to others. The dealer passes this cost to the party that rents the motor home by adding it as one part of the overall rental fee.


What Is Motor Sports Liability Insurance?

Coverage for motor sports events encompasses a wide variety of racing activities that take place on drag strips, oval and other types of tracks, and on road racing courses. The coverages needed and available include property, commercial general liability, spectator liability, owner and sponsor liability, and event participant accident coverage. Limits can be substantial./p>


What Is Motorcycle Rental Insurance?

Motorcycles may be rented on an hourly, daily, weekly, or longer basis. This insurance provides coverage during the rental period selected. Most policies provide only liability coverage. The cost of the coverage is charged to the renter, but a master policy is issued to the dealer or rental agency.


What Type Of Insurance Do Mountain Climbing And Mountaineering Businesses Need?

Coverage is available for persons who engage in mountain climbing and for guides who take persons out to scale mountains or cliffs. The coverage provided applies to the gear and equipment needed to make the climb and commercial general liability coverage for the guides. Participant accident insurance may be arranged through special high-risk accident policies.


What Is Off-Course And Storage Insurance Coverage?

Off-course and storage coverage protects competition vehicles from physical damage losses due to fire, theft, trailer upset and other comprehensive losses, and for most other physical damage claims that might occur when the vehicle is not operating under its own power. Other eligible property includes the trailer, spare parts, major tools, and equipment. This coverage is written on a "risks of direct physical loss" basis, subject to policy terms and conditions. It applies whenever the insured property is stored, transported to and from events, and also while it is in parking and garage areas. This coverage does not apply to on-track physical damage or at any time when the scheduled competition vehicle is operating under its own power.


What Type Of Insurance Do Outdoor Recreational Facilities Need?

National and state parks provide individuals and families a variety of opportunities for outdoor camping and recreation. Outdoors enthusiasts fill privately owned camping grounds and hunting and fishing preserves each weekend as well as during the week. Insurance packages are available that cover liability exposures such as saddle animals, horseback trail rides, archery clubs, shooting ranges, hunting and fishing clubs, recreational trails, resort hotels and motels, dude ranches, winter recreational activities and canoe, kayak, river rafting, and whitewater rafting. Auto liability coverage is available for buses and vans that transport guests to canoe and river rafting sites and for cross-country trips. Some programs also cover buildings and equipment owned by hunting and fishing lodges, hotels, and motels. General liability insurance is also available for clubs and members who lease land from others for hunting and fishing. Coverage is also available for landowners who rent out their land for hunting.


What Is Outfitters And Guides Liability Insurance?

Outfitters and guides may work with a guest or dude ranch, may operate totally independently, or a may be a combination of the two. They use their expertise in the outdoors to help their clients enjoy various types of outdoor adventures. Activities that outfitters and guides may support include hiking, hunting, white water rafting, mountaineering, snowmobiling, horseback riding, and other similar activities. Outfitters and guides may be subject to licensing requirements.


What Type Of Insurance Do Paint Ball Game Centers Need?

Paintball mimics combat war games used in military maneuvers. Fields that simulate actual combat conditions are set up for participants to "shoot" at other combat forces. The weapons used are guns that shoot paint spray or a paintball that marks the adversary's uniform to show a successful hit. Coverage applies to the liability of the owners, members, and participants.


What Type Of Insurance Do Parasailing Operators Need?

Commercial general liability coverage for parasailing operators applies for liability due to injury to an individual who participates in an actual parasailing activity. It also covers the premises liability on land and spectator liability. The coverage provided applies to both bodily injury liability and property damage liability. The premium charged is based on receipts, subject to minimum premiums. Policy terms vary from three months to annual.


What Type Of Insurance Do Animal Racetracks Need?

Horse and greyhound racing are two types of animal racing events. The property exposure is significant due to hay and other combustible materials in barns and stables. Damage caused by animals and caused to animals is also a concern. The liability exposure is similar to other sporting events due to crowd control and bleachers, but animals in close proximity to the public create additional exposures. Many racetracks include betting activities that create significant crime and employee dishonesty exposures. There may be restaurant and liquor liability exposures on the premises.


What Type Of Insurance Do Vehicle Racetracks Need?

Automobile racing events attract large crowds. This coverage protects the insured track or road course owner and the sponsors that conduct the automobile racing event against third-party claims from spectators that arise from their injuries sustained because of premises hazards. Examples of accidents that cause such injuries are collapse of grandstands and bleachers, contact with racing vehicles, and contact with debris from accidents during practice sessions or the race itself. Coverage does not apply to claims by participating drivers or owners of racing vehicles. This coverage is also available for recreational vehicles, motorcycles, and snowmobile racing.


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 Is Recreational Trail Operators Liability Insurance?

Overcrowding in county and state parks led to opening recreational trails on private land. While many of these are for snowmobiles, trails may also be walking connector trails between state and local park areas or be bicycling or other types of recreational trails. Private landowners may charge a fee for use of trail areas. The persons who operate trails and charge fees assume considerably more legal responsibility than persons who just provide easements or limited access without charging a fee. Liability coverage is available for trail owners and operators for claims made by persons injured while using trails for which a fee is charged.


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 Type Of Insurance Do Rock Concerts Need?

Insurance companies that specialize in the entertainment industry write this class of business as short-term indoor or outdoor special events. Coverages available include inland marine, nonappearance, event cancellation, auto, workers compensation, venue liability, bodily injury liability, and personal and advertising injury liability. Underwriters are extremely cautious when they consider heavy metal and rap concerts. Coverage can also be arranged for touring groups.


What Type Of Insurance Do Rodeos And Horse Shows Need?

Rodeos and horse shows are difficult risks to place from a liability standpoint. As in other events that attract large numbers of spectators, the catastrophe exposure is always present because crowd behavior is difficult to predict and because of the potential for serious injury to many people because of fire, windstorm, or collapse of temporary seating or temporary stages. The ever-present danger of "runaway" wild bulls or bucking broncos in the case of rodeos, roundups, or Wild West shows must be added to these exposures. Coverage is usually written for the specified time period of the show, including parades and other special events. Coverage usually does not apply to injuries suffered by contestants and/or participants. The premium charged is usually based on receipts, subject to a flat minimum premium charge, depending on the number of days of the event.


What Is Saddle Animal Liability Insurance?

There are many prospects for this specialty coverage in addition to riding academies. Examples are resort hotels and motels, equestrian camps, riding stables and clubs, horse shows, and fairs. This coverage is a part of commercial general liability insurance that is often excluded when the exposure is considered significant. This coverage is tailored to the specific needs of the entity that purchases it. This means that premiums increase as exposures, such as participant liability, products, premises, and others are added.


What Type Of Insurance Do Short-Term Rental Properties Need?

Many homeowners with vacation homes will supplement their income by renting it to others on a short-term or vacation basis.


What Is Skateboard Parks Liability Insurance?

Skateboard parks can be public, private, or admission paid facilities. Public skateboard parks are often unsupervised. The parks can be indoor or outdoor but all provide a variety of obstacles that can provide challenges and the opportunity to achieve heights while skateboarding. Participant liability is the primary concern due to the age of the participants and the potential for serious injuries due to heights and jumps. Parks that organize competitive events need additional coverages.


What Type Of Insurance Do Skating Centers Need?

Skating rinks, like other public places of amusement such as amusement parks, ballparks, ski areas, and swimming pools, present serious liability exposures due to injuries to participants and spectators. The property exposures are also significant due to large open areas and the equipment needed to maintain the rinks.


What Type Of Insurance Do Ski Operations Need?

Skiing is a dangerous sport. Individual skiers are primarily responsible for their own safety but court decisions have placed some of the responsibility on commercial ski operations. In particular, the ski operator is responsible for safe transit on lifts up the mountain, while the skier is responsible for his or her own descent. Operators' responsibilities also include maintaining slopes and trails. Other liability exposures are premises liability in lodges, shops, and restaurants that they own or operate. In addition, ski patrols and ski instructors present significant workers compensation exposures. Property exposures are also a concern because most operations are outside standard fire protection but often include restaurants and other cooking exposures and repair operations for skis.


What Type Of Insurance Do Commercial And Rental Snowmobile Operations Need?

Owners and operators of winter resort areas, dealers, and snowmobile trail operators in northern states where operating snowmobiles is popular generate considerable revenue from renting snowmobiles to individuals for recreational purposes. Liability and physical damage insurance may be provided on rented units. Insurers usually require lessees to sign a hold harmless agreement in which they assume liability for any passengers riding on the snowmobile or for other persons permitted to operate it. Snowmobile racing, derbies, safaris, and rallies are very popular and are sponsored by local snowmobile clubs. Liability insurance is available to cover the sponsor's responsibilities to spectators and other parties at these special events. Commercial businesses and governmental entities that use snowmobiles can be covered as can those operations that provide snowmobile livery services.


What Is Special Events Liability Insurance?

This insurance provides third-party liability coverage for short-term special events where large groups of persons who are gathered together present catastrophe potential. Town celebration committees or merchants associations that sponsor centennial or sesquicentennial celebrations, Fourth of July celebrations, and local festivals need this coverage. These events may include automobile or horse racing, parades, fireworks displays, fairs, picnics, dances, concerts, and many different types of sporting events. Other types of special events are written for the event's sponsor or producer. This includes rock festivals and concerts, antique car shows, boat and travel shows, horse shows and rodeos, prominent objects like balloons suspended over cities for promotional purposes, stockholders meetings, and religious revivals. Premises liability in rental halls and arenas as well as outdoors operations that are necessary and incidental, such as erection of grandstands are covered as well as libel, slander, or defamation by a performer, and products liability that arises from the sale of food or souvenirs. Participant accident and medical expense coverage for volunteer workers at charitable fund-raising events, expenses, and profit coverage that protects sponsors of conventions and shows, exhibitor transit-premises coverage that protects exhibitors' goods while on display at a show and in transit, and prize indemnification coverage, including golf hole-in-one and bowling a perfect score coverage are other types of special events that can be covered.


What Type Of Insurance Do Sporting Events Sponsors Need?

General liability insurance that covers premises and participants' liability risks is available to sponsors of sporting events. Eligible sports include softball, baseball, volleyball, youth soccer, and basketball. Special events such as walkathons, running, and bicycling competitions can also be covered. Spectator liability is excluded. Vendors may be added as additional insureds.


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 Sports Memorabilia Businesses Need?

Sports memorabilia collectors can insure their collections of cards, photos, trophies, pins, autographs, apparel, and other types of valued memorabilia using a blanket or scheduled inland marine coverage form. Coverage applies off-premises and during transit in addition to scheduled locations. Retailers, exhibitors, and sports souvenir shops, along with hobbyists, can purchase this coverage.


What Type Of Insurance Do Summer Camps Need?

Insurance coverage on summer camps is usually written on an account basis. Property coverage on buildings, contents and service equipment, commercial general liability, auto liability, and special campers' accident and sickness coverages are written. High liability limits are recommended and tuition fees, extra expense, and theft insurance should be considered. Medical expense, accident insurance, and tuition refund coverage is available to reimburse the camp owner or operator for medical expenses incurred because of sickness, accident, or death of campers or individual or group withdrawal because of epidemic, flood, or other stated reasons. Abuse and molestation coverage should also be obtained.


What Type Of Insurance Do Summer Recreational Activities Need?

The Insurance Marketplace lists a number of specific summer recreational activities but a few may be omitted. This category may apply if a specific summer activity or function is not specifically listed.


What Is Team Sports Medical Accident Coverage Insurance?

This group coverage involves medical accident expense and accidental death and dismemberment (AD&D) insurance for youth and young adult teams sponsored by youth organizations, churches, recreation clubs, or businesses. Baseball, softball, soccer, basketball, hockey, or just about any team sport can be covered. The attachment point for coverage varies by program. It may be primary, excess, or participate with the individual's other coverage.


What Type Of Insurance Do Tennis And Racquetball Centers Need?

Indoor tennis establishments have significant property values because of the size of the building required to accommodate the sport. Other considerations include loss of business income and liability coverages. Some insurers have developed package policy programs that cover property and liability hazards for free-standing buildings or tennis centers situated in modern shopping centers. Air-supported structures that can be taken down in warmer weather are more difficult to place.


What Is Travel Trailer Rentals Insurance?

Insurance companies that specialize in motor home and other recreational vehicle insurance also write insurance on travel trailer rentals. Trailers can be rented for a day, a weekend, or a week (or be leased for longer periods). Coverage applies while the trailer is on the road and at the camp site. Physical damage coverage applies to the vehicle's value and any accessories rented with it. The party who rents the travel trailer pays the premium for the coverage, but a master policy is issued to the dealer or rental agency.


What Type Of Insurance Do Vacation Income Properties Need?

Unoccupied vacation property that is a financial drain to the owner can be turned into an income producer. When it is unoccupied the expenses for a caretaker to watch over it rise as does the cost to insure a vacant dwelling. However, a property management firm can be hired to oversee and rent out the property. The rental fee should pay for the property management fees, all ongoing costs required to keep the property maintained and generate a profit for the owner.


What Type Of Insurance Do Water Parks Need?

Water parks are water-oriented amusement parks. A water park may be a stand-alone park or be part of a municipal park or a for-profit amusement park. They may include water slides, water tunnels, swimming pools, wave pools, artificial rivers, and other attractions.


What Type Of Insurance Do Water Sport Rental Operations Need?

Renting watercraft is a popular alternative to ownership. The types of watercraft rented range from personal watercraft such as ski-doos to houseboats. The coverage provided is for the benefit of the rental unit's owner, not the renter. Hull damage, water sports liability, and other liability coverages are available. Underwriters require a written rental agreement that contains appropriate hold harmless language.


What Type Of Insurance Do Winter Recreational Activities Businesses Need?

The Insurance Marketplace lists a number of specific winter recreational activities but a few may be omitted. This category may apply if a specific winter activity or function is not listed and described elsewhere.


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.


What Is Event Cancellation Insurance?

There is a loss of revenue any time an event is cancelled. This insurance covers the revenue lost when an event is cancelled due to a covered peril or cause of loss that occurs. Optional endorsements are available that broaden the covered perils or causes of loss to include nonappearance and closure of the event facility.


Sports And Hobbies Insurance - The Bottom Line

We hope that the Sports And Hobbies 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



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.

Small Business Information

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 InsuranceWhat 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 InsuranceWhat 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 InsuranceWhat 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 InsuranceWhat 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 InsuranceWhat 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 PoliciesWhat 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 InsuranceWhat 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 BondWhat 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
Small Business Commercial Insurance

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.

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