How Much is Sports Insurance for a Booster Club?

Booster clubs are fun organizations typically organized and run by parents for athletes and fans across high school and university. While these organizations offer a lot of fun, there are also a lot of risks involved when it comes to sports, fundraising activities and money management. 

This is why sports insurance is crucial for all booster clubs to protect everyone involved, including those who could lose out financially if the funds of a booster club are mismanaged. 

In general, sports insurance is relatively affordable, but premiums vary depending on several factors. Knowing what factors affect the sports insurance of your booster club can help you save money on important coverages. 

Types of Insurance  

Sports insurance is an umbrella term for several coverages available for sports-related organizations. The type and amount of insurance your booster club can affect how much you pay for coverage. Common insurance coverages available for booster clubs include: 

• General Liability Insurance: General liability insurance covers claims against the booster club concerning bodily injury, property damage and personal or advertising injury, which covers libel, slander, copyright infringement and more. If someone is injured during a booster club event, for example, general liability insurance can help cover the victim’s medical bills as well as protect the club against a related lawsuit. 
• Directors and Officers Insurance: Directors and officers insurance covers claims concerning mismanagement or misrepresentation filed against the directors and officers of the booster club. If a third party or even other director feels that someone working for the booster club has been mismanaging the club in any way, this insurance can help cover related defense expenses. This insurance also often comes with Employment Practices Liability (EPLI), which covers claims such as sexual harassment, discrimination, wrongful firing or hiring and more. 
• Excess Accident Insurance: Many booster clubs provide physical activities for fundraisers and other events. If someone is injured during one of these events, excess accident insurance can step in to cover costs not covered by general liability insurance. This may generally help with severe or even life-threatening injuries. 

• Crime Insurance: In the unfortunate case that one of the club’s volunteers or directors steals from the booster club, crime insurance can help with recover costs. If a director embezzles money raised or a volunteer steals funds, crime insurance will protect the booster club by compensating for their losses. 
• Property Insurance: Property insurance can cover the physical property owned or used by the booster club, whether that be a physical location, decorations or equipment. This insurance covers property destroyed or damaged by fire, wind, hail, lightning, smoke, theft, vandalism and more. 

Size of the Booster Club 

As you might expect, larger booster clubs will generally pay more for insurance. This is because the larger a club, the more risk they may face when it comes to liability and other issues. Be sure to speak with an insurance agent about how much coverage is proper for your booster club, as every booster club is different. 

History of Claims 

Insurance providers generally calculate premiums based on how high of a risk policyholder present to filing a claim, as filing a claim means costing the insurer money. If your booster club has a history of claims, you could end up paying more for sports insurance. It is important for those in charge of booster clubs to make all events as safe as possible for those involved to avoid injuries and claims. It is also important to vet potential directors and volunteers so that you are hiring trustworthy people to help run your booster club. 

Insurer 

Different insurance providers will offer different quotes based on the above factors as well as the insurance provider’s own calculations. Before purchasing a sports insurance policy, make sure to compare quotes and speak with insurance agents about how to save money on sports insurance. 

Is Sports Insurance Required for Booster Clubs? 

In most cases, booster clubs are not required to be covered under sports insurance. This doesn’t mean all booster clubs should go without coverage, however. Operating a booster club without sports insurance can mean paying for medical bills, legal expenses and property damage all out of pocket. Lawsuits can be especially expensive when it comes to defense costs, court fees and settlement expenses. 

Be sure to speak with an insurance agent about protecting your booster club with the right amount of sports insurance for the right price. Also ask about different ways you can save money on sports insurance for your booster club.