The growing importance that sports education in school curriculum from elementary through university levels has led to an increased interest in school sport and recreational sport as well as a greater participation in sports activities by youth and adult amateur sports teams and leagues.
Athletic Scholarships present an opportunity for hopeful parents to look for a way to afford college for their children. Even in economic downturns, spending on a child's sports activity is not curtailed. These initiatives also have the support of the sports community.
According to a recent study, the youth sports market in the United States was worth $19.2 Billion in 2019 and is expected to reach $77.6 Billion by 2026!
Most track and field activities are 'contact sports', which expose young, amateur athletes to high risk of injury. Accidents can happen at any time, especially when there is so much of physical contact between participants.
Amateur sports league insurance can cover :
• Amateur Athletes & Teams
• Sports Clubs, Bowling alleys, Associations & Leagues
• Sports Organizers
• Sports Facility Owners & Businesses
• Volunteers, Coaches, Referees, Officials & Spectators
A typical Amateur Sports Insurance Policy will include the following coverages:
General Liability
Claims arising from premise related injury or participant injury are common. This policy provides financial cover for lawsuits & pays defense costs for claims arising from real or alleged negligence on the part of the employees or the sports facility.
Participant Accident Medical (Also known as Excess Accident Insurance)
This coverage pays for medical bills of injured players on an excess basis. Costs for Ambulance rides, diagnostic tests & emergency treatment as well as medical costs for serious injuries requiring surgery and hospitalization are covered.
Sexual Abuse and Molestation
Sexual abuse and molestation insurance for sports facilities is a critical coverage that protects schools and sports organizations from real or alleged claims of sexual misconduct.
Professional Liability Insurance (E & O) Policy
This policy covers claims by clients seeking financial compensation against acts of negligence, misrepresentation and malpractice.
Workers' Comp
For many sports organizations placing a Workers' Compensation policy can be a challenge due to the perceived injury risk to participants, employees or uninsured subcontractors.
The insurance coverage under this policy provides injury benefits to employees, workers and sometimes uninsured subcontractors who meet with accidents on the job or suffer occupational diseases during their employment.
Benefits usually include:
• Medical Expenses
• Rehabilitation Expenses
• Reimbursement of Lost Wages
• Disability payments
• Death benefits to beneficiary
Camps, Clinics & Tournaments Insurance
This insurance policy is specially designed to provide liability protection on a short term basis for organizers of training camps and clinics, including their employees and volunteers, for liability claims arising out of its operations.
Employee Dishonesty Insurance
Equipment theft and embezzlement of funds in amateur sports organizations is quite common. Most amateur sports facilities are run by small groups of volunteers and these businesses may lack necessary controls and security measures to prevent crime. This policy provides crime coverage that can help you recover lost revenues and inventory.