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Public Liability Insurance

It addresses claims made by third parties or members of the public. If you are held accountable for accidentally harming one of your volunteers, public liability insurance will assist your sports club. Even if your service users cause damage to someone else’s property.

Similarly, imagine that you have organised a football match. A spectator at a match trips over a loose cable near the stands. They suffer a broken ankle. Now they have filed a compensation claim against the club for negligence.

If you don’t have public liability insurance coverage, you have to pay for the following out of your pocket:

• Compensation for medical bills
• Legal representation
• Penalty and fine

Employers’ Liability Insurance

If you have employees, you must buy insurance as required by the law. If you are held accountable for an employee’s cases while on the job, this coverage will shield your sports club.

Also, your employees can sue you for the following matters:

1. Employee’s illness
2. Accidental injury
3. Death while performing their job

For example, a football coach slips on a wet surface during practice. They injure their knee, which requires surgery. They claim compensation for lost wages and medical expenses.

Here is how employer liability insurance will help you:

1. It will pay for physical treatment, surgery, and hospital expenditures for the coach.
2. Covers the coach’s lost income if the injury prevents them from working for months.
3. The insurance covers the expense of the lawsuit, as well as any settlement or money granted if the coach sues the club for negligence (such as failing to provide safe training conditions).
4. This insurance can pay the cost of continuing physical treatment if it is required to help them recover.

Business Interruption Insurance

It protects your income if your club has to temporarily cease operations due to an insured event. When an unforeseen circumstance prevents you from conducting business as usual, business interruption insurance compensates you for lost revenue.

A sports club runs a changing room, an indoor training facility, and a gym. The club’s property is severely damaged by floods following a strong storm. It soaks the exercise equipment and ruins the flooring. It forces you to close the club for necessary repairs.

If you have business interruption insurance, it will help you recover the revenue lost. It will also pay for ongoing expenses like rent during the repairs. If you decide to rent another facility to continue sessions, it will also help cover the rental costs.

Personal Accident Insurance

If an employee, volunteer, or trustee has an unexpected and abrupt accidental injury while doing their duties. It will offer a lump sum payout or ongoing compensation during recovery.

For example, the club coach is travelling. They get into a car accident and suffer from a broken leg. Now, due to the injury, they cannot oversee operations for months.

Now, you may think it is covered under employers’ liability insurance or public liability insurance. But you need to note the following.

• The accident happened outside the workplace.
• No third party is making a claim against the club.

So, above mentioned insurance policies will not cover the costs of compensation. You need to have personal accident cover for this particular event. It protects you in case of unforeseen injuries.

Trustees’ Insurance

Trustees’ indemnity insurance, sometimes referred to as directors’, trustees’, and officers’ insurance, can shield your senior decision-makers or trustees from personal liability claims. Usually, financial and administration liability coverage includes insurance for our trustees.

These are some scenarios that are covered under the trustees’ insurance:

• A trustee is charged with embezzlement of club funds or with making an investment that results in a loss.
• A former coach files a lawsuit against the trustees for discriminatory hiring practices or wrongful termination.
• The trustees are held accountable for failing to maintain safety standards once a player has a serious injury as a result of dangerous club premises.
• When a trustee publicly criticises a competitor team or a former employee. It is considered defamatory.
• The club faces fines when a trustee is suspected of breaking the guidelines set forth by the regulatory body.

Money And Personal Assault Insurance

Loss of money is covered by money and personal assault insurance with fixed limits, non-negotiable funds, and negotiable funds. Non-negotiable funds include crossed checks. Additionally, you will be reimbursed for up to 104 weeks, depending on the type of injury.

Personal assault insurance is applied when you, your family, employees, or their family members are hurt during a robbery or attempted robbery.

It includes coverage for events like robbery at a ticket counter during a sports event, or the club receiving counterfeit money in cash transactions.

Contents Insurance

If your club’s fixtures and fittings, sports equipment, lockers, and staff members’ things are destroyed, lost, or stolen, content coverage can assist you in replacing them. It provides a variety of covers for clients with inventory or commercial spaces that are available to you as standard.

If a fire breaks out in the club’s storage room, destroying training gear, jerseys, and gym equipment. Or thieves break into the club and steal expensive football kits, tennis rackets, or gym weights. If you have the right insurance, it will compensate for repairs and replacing the contents.

Buildings Cover

It’s crucial to obtain building insurance if you own the building in which your company, club or organisation is located. You must have the right insurance to guard against monetary loss if something happens to the building that could interfere with your operations.

Here are a few instances of potential mishaps:

1. A storm has severely damaged your building.
2. Your building floods as a result of a burst pipe.
3. Someone has vandalised your building.

You would be left with a hefty repair price if any of these things happened. You would be responsible for paying for this yourself if there were no building coverage.

Getting building coverage is, therefore, one of the simplest decisions you will ever make. It will guarantee that if your facility sustains damage, you can repair it and quickly reopen your club, business, or organisation.