Insurance for Athletic Facilities in Tennessee

Owning and operating an athletic facility can be a lucrative and rewarding business venture. You and your staff can cultivate the talents of amateur and professional athletes, help members establish and achieve their fitness goals and teach your community’s youth about important values like sportsmanship and teamwork. But regardless of your facility’s specific focus, including what sports it may focus on or the skill levels of its clientele, insurance should be a top priority.

What Is Athletic Facilities Insurance?

As a specialized form of business insurance, athletic facilities insurance may require you to purchase and maintain a number of policies, each featuring coverage suited for certain risks and exposures. While some insurance companies may offer package deals tailored toward businesses similar to yours, you’ll still likely need to augment and adjust these products to suit your situation. By taking such a diligent and responsible approach toward your coverage needs, your athletic facilities insurance may help you maintain financial security and manage fiscal losses following various accidents and other incidents.

What Types of Insurance Does My Business Need?

Despite unique circumstances, many businesses in this sector, including summer camps, fitness centers and training facilities, face common risks and exposures. Consider the following:

• General liability insurance may help pay for other parties’ bodily injuries or property damage for which you’re to blame, such as if a client slips on a wet locker room floor.
• Business property insurance can cover your facility’s tangible assets, including its buildings, equipment and furniture.
• Errors and omissions insurance may help fund your response to lawsuits alleging professional mistakes or inadequacies, such as if someone accuses one of your trainers of providing poor advice.
• Workers’ compensation insurance can offset losses and expenses if your employees, such as coaches and trainers, are injured while conducting their duties.
• Commercial auto insurance may assist with financial repercussions if your facility owns or operates buses, vans and other vehicles and suffers losses.
• Business interruption insurance can help your facility remain fiscally afloat if a covered incident forces you to close temporarily or otherwise has an adverse impact on normal functions.

How Much Does Coverage Cost?

Insurance for your athletic facility may vary in cost depending on various criteria. Specifically, carriers may consider the following:

• Location
• Type of business
• Workforce size
• Number of clients
• Assets and revenue
• Claims history
• Coverage details (e.g., deductibles, limits and endorsements)

Learn More

Proudly serving Jackson, McKenzie, Humboldt, Martin, Memphis, Columbia, Franklin and Murfreesboro, Tennessee, Sunstar Insurance Tennessee is well-positioned to help you insure your athletic facility. Contact us today to get started.