Insurance for Youth Cheerleading
Youth cheerleading takes hard work and dedication as the athletes develop their skills and routines. However, the sport also involves several risks. Having proper insurance can provide youth cheerleading organizations with essential coverages for these exposures.
The experienced team at Bene-Marc Inc. can help your cheerleading club or camp find the right policy for your needs. We specialize in sports and special event insurance and are ready to help. Contact us today to get started.
Why Is Insurance Necessary for Youth Cheerleading Organizations?
Having proper insurance is crucial for youth cheerleading clubs and camps. With the nature of the activities inherent to the sport (e.g., high-flying acrobatics, tumbling and stunting), there is an unfortunate potential for injury.
Additionally, cheerleading organizations are vulnerable to other perils such as theft and property damage. Building a comprehensive insurance portfolio can provide financial protection for clubs, camps, athletes, fans, coaches and other involved individuals. It can help reduce out-of-pocket costs and ensure affected parties receive compensation after an accident.
What Insurance Coverages Are Available for Youth Cheerleading Organizations?
Each youth cheerleading organization has specific coverage needs. Available policies may include:
- General liability insurance—This may provide coverage if your organization is responsible for third-party property damage or bodily injury. It can financially assist them for their losses (e.g., property repair or replacement costs or medical bills) and pay for associated legal expenses (e.g., attorney fees, settlements and judgments). General liability insurance may also cover personal and advertising injuries (e.g., copyright infringement). Policies vary with regard to coverage of participants’ lawsuits after sustaining an injury, staff’s inappropriate conduct and damage to rented premises, and your insurance agent can provide more information on specifics.
- Accident insurance—This may pay for medical expenses for injured participants, regardless of fault. It is generally a type of secondary insurance; it provides payment after the individual’s primary policy coverage limit is reached. Insurance for catastrophic accidents may also be available.
- Property insurance—This may provide repair or replacement costs if your organization’s property (e.g., equipment) is damaged or destroyed by a covered event (e.g., fire, theft or vandalism).
- Cyber liability insurance—This may help pay for losses and recovery costs after data breaches, cyberattacks, data loss or other cyber security incidents.
- Directors and officers (D&O) liability insurance—This may provide coverage if the directors and officers of the youth cheerleading entity are sued for the actions they took while leading the organization. It may insure against personal losses and help pay for legal expenses.
- Crime insurance—This may provide financial safeguards against dishonest acts or business crimes (e.g., fraud, embezzlement).
- Commercial auto insurance—This may cover your organization’s owned vehicles if they are in an accident or sustain damage.
Many other coverages (e.g., workers’ compensation and hired/non-owned auto coverage) may be available. Reach out to your Bene-Marc agent to discuss options, exclusions and limits.
How Much Does Insurance for Youth Cheerleading Organizations Cost?
The cost of a comprehensive insurance policy for your youth cheerleading organization depends on multiple factors, such as:
- The number and age of participants
- Your program’s size, location, history of claims, and risk management strategies
- Your selected coverages and limits
Other variables could also affect costs. Reach out to us today for a quote.
Get Insurance for Your Youth Cheerleading Organization.
The professionals at Bene-Marc can help your organization secure the insurance that best fits your needs. Give us a call today at 800-247-1734 for more information.
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.