Playing amateur sports is a long past-time in America. Many of us love to play our favorite sports. We enjoy the sportsmanship and physical endurance that they bring.
However, most of us know that sports don’t come without risks. Injuries and damages to property can occur, no matter how innocent the cause.
Many teams, venues and clubs are turning to sports insurance as a valuable protection. Sports insurance can be a helpful way to protect your sporting assets from damages. These policies are often affordable, and they come with different coverage options.
Covered Sports
Sports insurance policies can cover many major sports like baseball, basketball, hockey, soccer and even shuffleboard. The list can be extremely comprehensive. This insurance also usually covers exhibitions, associations and venues where athletes play.
But, different policies may not cover every type of sport, team, association or location. Always check when buying a policy to make sure that your policy covers your team or venue.
Certain policies specifically exclude certain types of sports. These can include activities such as hunting, mechanical rides/floats and rock climbing walls.
Incidents Covered
Sports insurance can cover many different risks. Typical coverage includes bodily injury, medical, accidental death, or property damage coverage.
The coverage often depends on the policy and the provider.
Riders
Certain policies offer policyholders additional riders to their policies to cover other liabilities. Some have auto and transportation coverage for teams. Another common rider is liability coverage in case of sexual harassment or assault claims. These types of riders are not offered with every policy or by every company.
Levels of Coverage
Some laws require many teams to have certain levels of coverage. However, minimum coverage may not be enough for large teams, risky sports or potentially risky environments. The cost and levels of coverage vary by provider.
The assumption of risk also varies. Participants often must sign waivers saying they understand the risks of playing this sport. This ensures that a policy covers the players.
By investing in one of our sports insurance policies, you can protect your team or venue from sporting risks. Are you interested in starting sports coverage? Call Bene-Marc, Inc. today at (800) 247-1734.