Sports Team Insurance Louisiana Policy Information
Sports Team Insurance Louisiana. Sports involve fitness, teamwork, competition, excitement, winning, and losing. It's all fun and games in sports until someone gets hurt. On any particular afternoon, it's common to see many teams practicing sports throughout communities across LA. In most cases, players, coaches, fans, and others involved in sports have a good time, but that's not always the case; things can go south quickly in any sports activity.
Players can experience concussions when they are tackled during game play, or a stray ball from the field can hit a spectator or a parked car. If your team is going to fully edeoy its sport, then the right team insurance is important to protect you, players, and others from liability claims due to injury or property damage. A sports team insurance Louisiana policy is tailored to protecting sports teams from the inherent risks involved in practicing and playing.
Sports team insurance Louisiana protects your athletic club from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.
Does Your Team Need Sports Team Insurance?
Around 35 million children play youth sports. Around 60% percent of these sports are played outside of school, where insurance to protect against liability is scant. Sports team insurance combines different types of coverages to protect both youth and adult sports leagues from liability. The insurance your team purchases can be a complete package or a custom sports team insurance Louisiana policy designed around your specific needs.
Coverages Provided by Team Insurance
The key part of a sports team insurance policy is liability insurance. This coverage protects the organization, its participants, volunteers, and any employees should a covered activity result in a claim against you. Some examples of covered activities include both supervised and organized games, practice sessions, try-out sessions, playoffs, tournaments, and so forth. It can also insure events hosted by your organizations, such as picnics, fundraisers, and award banquets, among other events.
Accident and Participant Liability Coverage
One of the necessary types of coverage needed for youth sports teams is sports participant liability coverage. This type of sports team insurance Louisiana coverage protects the team and organization as well as the supervisors and directors involved with the team from liability resulting from accidents and injuries. In addition, the policy protects you from claims that are related to property damage, false arrest, slander, liability, and more.
Another major part of the sports team insurance Louisiana policy is accident insurance. This insurance covers players and coaches who become hurt during the course of play or practice. This might include play and participation in games, clinics, traveling, practices, and other events. This insurance usually pays off the remaining bills that are uncovered by the participant's health insurance.
Baseball Team Coverage
As many as one-quarter of all children ages 6 to 17 are involved in baseball as a team sport. It ranks among the three most popular sports for youth, so many companies have devised specific coverage packages for baseball teams that are made up of youth players. Generally, the policies combine accident coverage with liability coverage for all participants and covers the risks that are involved with baseball teams that travel as well as those who play locally.
Many of the youth teams that travel need insurance that expands beyond the norm too cover travel activities. Customizing your team's policy to your specific needs is important, whether you travel by van or bus or have parents carpooling members to events. Out-of-state travel should also be covered if your team travels across state lines. Work with an independent agent to iron out the details of your specific coverage needs.
Youth Football Insurance Coverage
One of the most dangerous youth sports is football. Organizations, leagues, and teams that play football should always have liability and participant accident policies in force. Most insurance experts suggest that a minimum of $100K in accident insurance is appropriate, since youth run the risk of concussions when playing tackle football.
The coverage selected should also carry a $1 million policy limit for future problems associated with football injuries. For instance, a player may have an injury that requires immediate treatment, only to find that ten years down the road, the old injury causes problems again. The organization should be able to cover that liability with a sufficient amount of sports team insurance Louisiana coverage.
Additional Insurance for Sports Teams
In addition to covering accidents and injuries, the insurance you choose for your sports team should also cover:
- Equipment. Damage to equipment should be covered under your policy or a separate rider.
- Theft/vandalism. This insurance covers the theft of equipment or money belonging to the team or organization.
- Excess liability. An umbrella adds additional liability protection for your team in the event of major claims.
Amateur Sports Teams And Leagues Insurance
Below are some of the most common amateur sports teams and leagues that need insurance:
- Adult Football (Tackle & Contact)
- Adult Lacrosse
- Adult Power Lifting
- Adult Water Hockey
- Adult Water Polo
- Adult Weightlifting
- Adventure Races
- Aerobic Exercise
- American Rugby
- Arm Wrestling
- BMX Stunt Cycling
- Baton Twirling
- Bocce Ball
- Body Boarding
- Body Building
- Box Lacrosse
- Cheerleading - Adult
- Cheerleading - Youth
- Cross Country Ski
- Cycling (Races)
- Cycling (Touring & Closed Course)
- Deck & Floor Hockey
- Disabled Sports
- Drill Team & Majorette - Adult
- Drill Team & Majorette - Youth
- Field Hockey
- Figure Skating
- Fishing (On Shore)
- Fishing (Open Water)
- Floor Hockey
- Football (Flag & Touch)
- Frisbee & Frisbee Golf
- Hammer Throw
- Hang Gliding
- Ice Hockey
- Inline Hockey
- Inline Skating (extreme, aggressive, stunt, free-style)
- Inline Skating (speed)
- Jai Alai
- Kite Surfing
- Lawn Bowls
- Luge (street)
- Martial Arts
- Martial Arts- Mixed
- Modern Pentathlon
- Motor Skills Development
- Mountain Biking
- Mountain Boarding
- Physical Fitness
- Physique & Pose (Performance)
- Polo (horse)
- Roller Derby
- Roller Hockey (quad)
- Roller Skating
- Rope Skipping
- Rowing & Crew
- Running (5k or 10K)
- Scooter Hockey
- Scuba Diving
- Skiing (Downhill)
- Sky Diving
- Sky Surfing
- Sled Dog Racing
- Snow Boarding & Snow Surfing
- Soap Box Derby
- Soccer Adult
- Soccer Youth
- Speed Skating
- Sports Parachuting
- Stick Hockey
- Street Hockey
- Strength & Conditioning
- Surfing (including Boogie Boards)
- Table Tennis
- Tae Kwon Do
- Team Handball
- Track & Field-Excld Javelin & Hammer Throw
- Track and Field (indoor)
- Ultimate Frisbee
- Umpires & Referees Association
- Wake Boarding
- Water Ski
- Wiffle Ball
- Wind Surfing
- Wrestling (Amateur Adult)
- Wrestling (Amateur Youth)
- Wrestling (Professional)
- Wrestling (Roman & Greco)
- Youth Football (Tackle & Contact)
- Youth Lacrosse
- Youth Power Lifting
- Youth Water Hockey
- Youth Water Polo
- Youth Weightlifting
Work with your licensed commercial agent to find the best quotes on the right sports team insurance Louisiana policy for your team. An business insurance agent can give you quotes from several companies and recommend the level and type of coverage that your organization needs to fully mitigate potential liability and accident claims.
Louisiana Economic Data, Regulations And Limits On Commercial Insurance
If you are a business-minded individual who is either thinking about starting a new business or who wants to expand an existing business by opening a division in a new state, it's important to choose a location that offers favorable conditions.
In business, it doesn't matter how high-quality the products and services you offer are, if the products and services don't appeal to the market, you likely aren't going to succeed. With that said, if you are interested in starting a business in the state of Louisiana, having a basic understanding of the economic trends is important.
It's also a good idea to know what type of insurance you'll need to carry, as certain commercial policies are compulsory in the state.
Below, we provide an overview of economic trends of the Creole State to determine if it's the right location for your operation.
Economic Trends For Business Owners In Louisiana
Unemployment rate is a good indicator of a state's economy. The lower the unemployment rate, the more advantageous the environment will be for prospective business owners. Unfortunately, the unemployment rate of Louisiana is higher than the national average; as of December, 2019, the rate was 4.9%, which was 1.5% higher than the national average of 3.5% at the same time.
Additionally, the unemployment rate has increased; it was 4.3% in July of 2019, 4.5% in October, and 4.7% in November of the same year. However, despite this, the unemployment rate has decreased in recent years, which does show promise for entrepreneurs who are thinking about starting a business in the state.
The best spots to start a business in LA are large cities and the suburban areas that surround them. The following cities have seen the most significant industrial growth:
- Baton Rouge
- Lake Charles
- New Orleans
Businesses in various industries do well in the state of Louisiana; however, there are specific sectors that are seeing substantial growth. Those industries include:
- Advanced manufacturing
- Commercial fishing
- Crude oil
- Natural gas production
- Software development
- Water management
Commercial Insurance Requirements In Louisiana
The Louisiana Department of Insurance regulates insurance in LA. Louisiana mandates very few forms of insurance coverage by law. They enforce worker's compensation.
Louisiana requires you to have worker's compensation insurance if you hire even one employee on a regular basis or must be approved for self-insurance. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.
Louisiana also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.
Additional Resources For Sports & Fitness Insurance
Learn about small business sports & fitness insurance policies and what they cover so that your customers, employees, and equipment are protected.
- Golf Course & Country Club
- Gym Fitness
- Hole-In-One Insurance
- Ice Skating Rinks
- Martial Arts
- Professional Sports
- Sports Team
- Swim Clubs
- Yoga Teacher
Sorts and recreation includes a wide variety of operations, from individual theater owners to theater chains to corporations that operate properties with recreational facilities spread over many acres. It also includes publicly and privately owned athletic fields, stadiums, golf courses and other athletic facilities.
The risks in this classification are similar in that all involve the admission of large numbers of people combined with significant public access. These shared characteristics mean that all share the potential for catastrophic loss. For this reason, liability coverage with high limits of liability is critical.
Property, workers compensation, crime and inland marine coverages are also important but their necessity varies by type of risk.
This insurance can cover Amusement Parks, Archery Ranges, Athletic Fields, Ballparks, Ballrooms, Billiard Parlors, Bowling Alleys, Carnivals, Country Clubs, Drive-In Theaters, Golf Courses, Outfitters and Guides, Handball and Racquetball Courts, Ice Skating Rinks, Indoor Sports Complexes, Professional Sports, Racetracks-Horse or Dog, Racetracks-Motorized, Recreation Centers, Riding Stables, Roller Skating Rinks, Shooting Ranges, Skatepark, Skeet or Trap Shooting Ranges, Skiing Operations, Stadiums, Swimming Clubs, Tennis Centers, Theaters & Video Arcades.
Sports and fitness facilities have a way of bringing susceptible groups of individuals and situations together that can be potentially dangerous if not properly monitored. The joy and happiness of the moment can quickly change because of a calamity and those calamities can then lead to lawsuits.
Many of these risks have large money exposures every day they operate. Because of this, losses involving cash are the single biggest concern for most recreational facilities. This includes not only holdups and robberies but incidents involving counterfeit currency, computer fraud and forgery as well.
Employee theft is also a major concern in some operations because of attractive types of property or merchandise coupled with high rates of employee turnover.
Minimum recommended small business insurance coverage: Building, Business Personal Property, Business Income and Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Bailees, Computers, Contractors' Equipment, Golf Carts, Valuable Papers and Records, General Liability, Employee Benefits, Environmental Impairment, Umbrella, Hired and Non-owned Auto & Workers Compensation.
Other commercial insurance policies to consider: Earthquake, Equipment Breakdown, Flood, Mobile Equipment, Cyber Liability, Employment-related Practices, Liquor Liability, Business Automobile Liability and Physical Damage, Garagekeepers, Stop Gap Liability and Unmanned Aerial Vehicles (UAV) (Drones).
Request a free Sports Team Insurance Louisiana quote in Abbeville, Alexandria, Baker, Bastrop, Baton Rouge, Bayou Blue, Bayou Cane, Belle Chasse, Bogalusa, Bossier City, Breaux Bridge, Bridge City, Broussard, Carencro, Central, Chackbay, Chalmette, Claiborne, Covington, Crowley, DeRidder, Denham Springs, Destrehan, Donaldsonville, Eden Isle, Estelle, Eunice, Fort Polk South, Franklin, Galliano, Gardere, Gonzales, Gray, Gretna, Hammond, Harahan, Harvey, Houma, Inniswold, Jefferson, Jennings, Kenner, Lacombe, Lafayette, Lake Charles, Laplace, Larose, Leesville, Luling, Mandeville, Marrero, Meraux, Merrydale, Metairie, Minden, Monroe, Morgan City, Moss Bluff, Natchitoches, New Iberia, New Orleans, Oak Hills Place, Oakdale, Old Jefferson, Opelousas, Patterson, Pineville, Plaquemine, Ponchatoula, Prairieville, Prien, Raceland, Rayne, Red Chute, Reserve, River Ridge, Ruston, Schriever, Scott, Shenandoah, Shreveport, Slidell, St. Gabriel, St. Martinville, St. Rose, Sulphur, Tallulah, Terrytown, Thibodaux, Timberlane, Village St. George, Ville Platte, Violet, Waggaman, Walker, West Monroe, Westwego, Woodmere, Youngsville, Zachary and all other LA cities & Louisiana counties near me in The Pelican State.
Also find LA local small businesses by General Liability Class Code and learn about Louisiana small business insurance requirements for general liability, business property, commercial auto & workers compensation including LA business insurance costs. Call us (318) 232-4100.