Athletic Participation Insurance

Participating in sports can have many physical and mental benefits for athletes of all ages and skill levels. However, these activities often include significant risks. Even for the most elite or experienced athletes, an unlucky slip or an untimely twist can have dire ramifications for short- and long-term health. 

If you operate a sports league, camp, clinic or other athletic organization, an athlete’s injury could result in a lawsuit against you. You could face significant monetary consequences due to the potential medical costs and additional financial losses related to these incidents. So you should understand how to insure athletic participants. 

What Is Athletic Participation Insurance? 
Athletic participation insurance may not refer to a single type of coverage or policy. In many cases, your organization may need to combine several forms of insurance to form an adequate safety net across potential incidents that may impact your athletes. Regardless of how you assemble your athletic participation insurance portfolio, you should ensure you have the means to manage the aftermath of incidents involving athletes.  

Your organization should know that athletes participating in your league, camp or competition may not be insured under basic policies, such as general liability insurance. By working with a qualified sports insurance professional, you can augment or adjust your organization’s coverage portfolio to ensure adequate financial security. 

What Does Athletic Participation Insurance Cover? 
Although the specific needs of your organization’s insurance may vary, it may be advisable to ensure that you acquire and maintain coverage for the following: 

• Participant injury—This coverage can provide financial assistance to help pay for an athlete’s medical expenses following an injury at your organization’s functions. It may also render aid for legal costs if you are sued for the incident. 
• Participant death and dismemberment—If an athlete involved in your activities develops a disability or their injuries prove fatal, this coverage can help pay for resulting financial losses and may compensate family members.
• Abuse liability coverage—By purchasing this coverage, your organization can financially protect itself from lawsuits in which an athlete alleges that they experienced physical, sexual or emotional abuse committed by your organization’s employees, such as coaches, instructors and trainers. 

Get the Best Coverage 
At Bene-Marc Inc., we have extensive specialty experience helping athletic organizations across the country assess and address their insurance needs. We will work with you to analyze your operations and ensure that you are adequately covered for potential incidents involving your participants. 

Visit our website or call 800-247-1734 to get started today. 

 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.