Sports Associations
Professional and semiprofessional sports clubs, often members of national or international associations, participate within a structured framework. These clubs may be owned by individuals, groups, partnerships, or corporations and own or rent office space and training facilities. They may host sporting events, often renting large venues designed for a variety of events. The nature of their operations introduces a range of insurance exposures and requirements.
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Coverage Options
Property Exposures
Sports clubs may own buildings or personal property, and most stadiums have extensive wiring for lighting, sound systems, and other electronic equipment. Proper maintenance and adequate storage of flammables and cooking equipment are crucial. Training facilities at separate premises require similar considerations.
Crime Exposures
Crime exposures include employee dishonesty and theft or destruction of money and securities. Employee dishonesty coverage should extend to volunteers, with thorough background checks for all handling money. Strict inventory and auditing controls, along with secure cash handling procedures, are essential.
Inland Marine Exposures
Inland marine exposures include accounts receivable, bailees customers, commercial articles, computers, and valuable papers and records. These cover contracts, athletes’ property, and team equipment that may travel to different locations.
Occupiers’ Liability
High occupiers’ liability exposure is due to large numbers of visitors. Good housekeeping, proper lighting, marked exits, and adequate security are critical. Contracts with suppliers, vendors, and performers must clearly outline responsibilities.
Liquor Liability
Extensive liquor liability exposure requires procedures for checking IDs, refusing service to intoxicated individuals, and setting cut-off times to prevent excessive consumption.
Professional Liability
Professional liability exposure includes medical staff. Contracts must detail insurance responsibilities and allowable procedures.
Automobile Exposure
Significant automobile exposure involves transporting athletes. Properly licensed drivers, well-maintained vehicles, and regular MVR checks are necessary.
Workers Compensation
High workers compensation exposure exists due to potential injuries during setup, events, and travel. Training and security measures must be in place for employees handling money or dealing with patrons.
Why Insure Your Sports Association?
Sports associations face unique risks, including property damage, employee dishonesty, liability from events, and injuries to staff and athletes. Comprehensive insurance coverage protects your association from these risks, ensuring smooth operations and financial stability.
Who Needs Sports Associations Insurance?
Professional sports clubs
Semiprofessional sports clubs
Clubs owning or renting training and event facilities
Clubs hosting sporting events
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KRGinsure: Your Coverage Expert
At KRGinsure, we understand the unique challenges faced by sports associations. Our dedicated brokers are here to help you design a tailored insurance program that meets the specific needs of your organization. We provide expert advice on risk management and ensure that you have the right coverage in place to protect your operations.