Sports, leisure and entertainment businesses need the financial protection of insurance, just as all businesses do.
But these types of businesses also carry specific risks that come from operating in public spaces and conducting activities that are often very “physical” in nature. Examples of these include sporting events, concerts, conferences, circus performances, exhibitions and tours, as well as running fitness centres and sports clubs.
This means that rather than having generic business cover, it’s crucial to have insurance that is tailored to the unique needs and risks of the individual business.
The types of cover available include:
- Public and Products Liability – for third-party claims of damage or injury.
- Professional Indemnity – for errors and omissions that could lead to third-party losses and claims.
- Personal Accident – lump-sum cover for accidents or injuries to owners or their employees.
- Workers Compensation – compulsory cover for all employers in Australia, that provides wage replacement and medical costs for workplace injuries.
To discuss a customised business insurance pack for your sports or leisure business, get in touch with your local Reliance Partner.