Running a sports camp is a lot of hard work. You want to make it the best possible experience for your employees and participants. However, you have to do what you must to keep everyone safe at the same time. To help yourself and your subordinate parties out, you'll probably need various types of insurance. The organization will likely need to protect itself and others using these policies, in the event accidents occur.
All the same, coverage will cost you money. What can you do to help you get the appropriate coverage, but still keep it affordable?
Here at Bene-Marc, Inc., we take sports insurance seriously. Our job is to help you get the most-effective policy for your camp's needs. However, we don't want you to feel the pinch of low funds, as you work to get protection. We've got the resources available to help you optimize your coverage while still maximizing your savings and affordability potential.
Understanding Sports Insurance
A sports camp might be a short or long-term program. Regardless, its goal is to help people learn their sporting skills in a more relaxed environment than in a traditional team setting. Yet, no matter how relaxed these events are, someone could get hurt, or harm could come to the organization. Theft, player injuries, liability losses, damaged property and other costly mishaps might all fall onto the camp organizers' shoulders.
Sports insurance will often help organizers pay for the costs of recovery in these situations. Some of the policies that might help you and your organization might include:
- Bodily injury liability coverage
- Property damage liability coverage
- Accidental injury coverage
- Directors & officers liability coverage
- Crime insurance
- Equipment/property coverage
- Liquor liability coverage
- Legal assistance
Depending on such factors as the duration, business structure and services of your camp, the types and amounts of policies you need might vary. Bene-Marc's dedicated agents are happy to help you get the appropriate coverage. But we'll take it a step further to help you get the greatest number of cost benefits out of your policies. After all, why worry about paying too much for your coverage?
You Can Bundle Your Policies
If you buy numerous policies, then you might be able to buy them all from the same policy provider. In this case, you might be able to qualify for savings by bundling these policies. Bundling is simply an expression for buying more than one policy from the same provider. So, the respective insurer might reward you with discounts, because you are proving yourself to be a reliable customer. Not only that, you'll likely only have to pay a single, cumulative premium for this bundle, rather than having to make multiple payments to multiple company.
Flexible Deductible Options Might Help You Save
Many policies will come with deductibles. It will be up to your team to pay for your deductible cost before the insurance pays the rest of the claim.
For example, you might have a claim for $2,000 in equipment damage. However, you also have a $500 deductible on equipment policies. So, you'll pay this $500 up front, and your insurer will pay the remaining $1,500.
However, if you increase the deductible to $1,000, then you will pay $1,000 up front and the insurer will pay the remaining $1,000. Because you have increased your personal cost burden, you have shifted some of it away from the insurer. Therefore, they might be able to offer you a lower premium because you no longer pose as significant a cost risk to them.
All the same, if you choose to increase your deductible, this does mean you have to pay more out of pocket for a claim, should it arise. Therefore, be careful when making deductible choices, and don't raise yours unless you are certain your can bear a personal cost burden.
The good thing about deductibles is that not all claims made on your camp's insurance portfolio will have them attached. So, in many cases, you won't even face a deductible obligation on your policy. All the same, we are able to help you determine the deductible balances that will help you save on your premiums, but also not place an undue strain on your group.
Don't hesitate to reach out to Bene-Marc with all your sports camp insurance needs. Our professional, expert agents know the ways to help any policy applicant maximize their cost savings in effective ways.