Team sports are fun to participate in and can teach valuable life skills, but participation comes with some accepted risks for both players and teams. A team may be held financially liable if a player is injured on the court or the field. One way that teams in Massachusetts can protect themselves from some injury-related liability risks is by purchasing sports team insurance.
Sports team insurance is specialized commercial insurance for sports organizations. So that organizations receive multiple protections that they need, these policies are normally package policies that have several coverages within them.
Broadly speaking, most sports organizations in Massachusetts ought to carry youth sports insurance. This generally applies to (but isn’t limited to):
In some cases, higher-level sports teams might also find this insurance is well-suited for their risk mitigation needs. College and semi-professional teams frequently need similar coverages and might be able to get their needed coverages through a youth sports insurance policy.
Should higher-level teams (or any other organizations) have questions as to whether youth sports insurance meets their needs, they can talk with a knowledgeable insurance agent. Someone who knows sports team policies well can assess their protections in light of a specific team’s needs and make an informed recommendation about what type of policy will work best.
The precise coverages that are available through youth sports policies can vary, and teams usually are able to choose which coverages they want. Thus, two policies won’t necessarily have the same set of protections.
Nonetheless, there are several coverages that these policies frequently make available and that are useful to many teams and organizations:
Sports organizations that own vehicles, such as vans to transport teams, generally are required by state law to carry commercial auto coverage. The coverage is widely available through sports team policies. An insurance agent can help make sure a policy's commercial auto coverage properly insures an organization's vehicles.
Premiums for sports team policies vary because they’re based on a number of factors. An organization’s size, sports (e,g, contact or non-contact sports), chosen coverages and recent claims history are just a few of the details that can impact rates.
Even with variance among premiums, these policies tend to be affordable. An independent insurance agent can get several quotes to explore exactly how much insurance would cost for an organization.
For help insuring a sports organization that’s in Massachusetts, contact the independent insurance agents at The Feingold Companies. Our agents have the expertise required to help you find the right sports team insurance for your organization, and we’re able to offer that right policy regardless of what insurance company the policy is from.