Insurance for Other Spectator Sports
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What Insurance Do Other Spectator Sports Need?
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Frequently Asked Questions
Why do Spectator Sports businesses need insurance?
This industry consists of businesses or individuals that participate in live sporting events. Examples include boxers, race car drivers, figure skaters, golfers, jockeys, tennis players, umpires, sports trainers, greyhound racetracks, snowmobile racetracks, and motorcycle racetracks.
Your business needs insurance as this protects it from the many unforeseen risks that could happen as soon as you open shop. Your insurance will pay for the costs of the covered risk, thereby saving you from paying huge expenses out of your business' pocket.
What risks do Spectator Sports businesses face?
Spectator sports businesses face their unique share of risks. Below are some examples:
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There has been a fight amongst the spectators in the stadium which has caused a lot of damage to your stadium and personal injuries to the spectators.
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Your employee gets injured while cleaning the stadium. As their employer, you're responsible for the medical payments of that employee.
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Some fans trashed and trampled the stadium out of hatred for the other team.
How much does insurance for Spectator Sports businesses cost?
The cost of insurance for your spectator sports business depends on many factors including the size of the business, the number of employees you have, and the coverage required. If you want to find out the cost of insurance for your business, apply for a free quote online or contact our insurance experts directly.