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Sports Liability Insurance

Monday, May 27, 2024 sports / athletics

In the world of sports, risk is an inherent part of the game. Whether you operate a facility, a youth summer camp or an elite sports organization, the potential for accidents, injuries and legal liabilities is always present. Liability insurance can protect these entities and stakeholders from financial losses should they be held legally liable for the injuries or damages of other parties.

Types of Insurance Needed to Address Potential Liabilities

Sports facilities, camps and organizations should consider addressing potential liabilities, such as the following:

  • General liability insurance—This is a core element of most businesses’ liability insurance and may cover losses and expenses from accidents, injuries and claims of negligence. It can also protect against financial losses from the costs of defending lawsuits and any settlements or awards if the business is found to be legally responsible.
  • Participant liability insurance—This type of insurance is typically designed to cover injuries to individuals participating in sports activities. It’s crucial for sports organizations, as it can cover the organization if a participant is injured during a game or practice and decides to sue for damages.
  • Professional liability insurance—Also known as errors and omissions insurance, this type of policy can cover coaches, trainers and organizations against claims of negligence or improper professional services. For example, if a summer camp trainer makes an error while treating an injury that leads to a long-term issue, this coverage may limit financial ramifications.
  • Workers’ compensation insurance—If a sports organization has employees, it may be required by law to carry workers’ compensation insurance, which typically includes employer’s liability coverage. This can assist with medical costs and other financial losses if a worker, such as a trainer or coach, is injured on the job or develops a work-related illness.
  • Commercial auto liability coverage—Many sports organizations travel to opposing teams’ locations or distant tournaments, utilizing buses, vans or other motor vehicles as transportation. This makes commercial auto liability coverage not only advisable but generally required by law.
  • Cyber liability insurance—In the digital age, many operations of sports facilities and businesses have moved online, exposing them to cyber risks. For example, if trainers maintain digital health records or accountants utilize banking information, a data breach could expose other parties’ sensitive information, potentially leading to significant losses and lawsuits.

We’re Here to Help

Liability insurance is a crucial investment for sports facilities, camps and organizations. The right combination of coverage can provide comprehensive financial protection against unexpected incidents and legal liabilities, potentially securing the continuity and sustainability of the organization.

At Bene-Marc Inc., we have a proud history of serving the unique insurance needs of sports organizations and will work with you to ensure you are covered by ideal policies. Contact us today to get started.

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.

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