Best Sports Insurance Companies

While few of us like to consider, or discuss, insurance, it remains one of the most invaluable and essential services available to athletes.  In particular, sports insurance will ensure that both athletes and spectators are covered in the case of injury or death, keeping both the athlete and the organization clear and safe from liability as a result of an accidental injury.

However, with so many sports insurance companies to choose from, we’ve decided to compile an ultimate list of the best sports insurance companies.  These companies not only provide comprehensive sports insurance for athletes but also for spectators and fans attending the live event.

What is Sports Insurance?

Sports insurance, or event insurance, is a unique type of insurance coverage which can be purchased by a sports league or agency which protects the league, organization, or gym from accidents, lawsuits, and damages caused by or during a sporting event.

Sports insurance is typically geared to organizations and leagues which run sporting events and due to their specific legal or business entity, those leagues or organizations will not be covered by a personal insurance policy of the individuals involved.

As such, for maximum protection from liability and lawsuit, it is highly recommended that any organization or league running team, individual, or event sports to purchase a specific sports insurance policy.

What Types of Sports Insurance Policies Are Available?

As with most insurance coverages, the different forms of policies available are many.  Similarly, with sports insurance, there isn’t just one form of coverage, and a wide swath of coverages are available to an organization or league.

• Accident Insurance – accident insurance reduces an organizations liability in the event that a non-player or non-athlete is injured during an event.  A non-player could range from fans and spectators to volunteers and children.  Accident insurance ensures that the injured party receives the care they need and can reduce the likelihood of an organization being sued.

• General Liability Insurance – general liability insurance covers injury or property damage that a player or non-player alleges occurred due to the organization’s negligence.  This policy should be purchased to cover both the organization and its employees.  And if utilized, this policy will pay out if settled in court or out of it.

• Directors and Officers Insurance – a more specific form of insurance, directors’ and officers’ insurance helps to reduce the total liability of the organizations management team from lawsuits.  In the event that your sports organization is sued for mismanagement or a violation of state or federal law, this coverage will kick in.

• Crime Insurance – crime insurance will protect your organization from financial losses which are suffered if an employee or volunteer embezzles organization funds, or a theft of organization funds occurs.

• Equipment Insurance – equipment insurance covers an organization from the loss of an organization’s sports equipment, including uniforms, playing equipment, scoreboards, bleachers, and small buildings.  Equipment insurance can be claimed in the event of a fire, lightning, wind, theft, and vandalism.

Reasons to Consider Sports Insurance

While many of us assume that we won’t need to file an insurance claim, protecting both yourself and your organization from a lawsuit, theft, vandalism, or crime can save you money and ensure that the organization is well-protected.  Below are some additions reasons to consider purchasing sports insurance:

• Sports Insurance Can Cover Various Levels and Sports – whether you are a coach, parent, or director of a sports organization, sports insurance helps to cover the athlete, a spectator, and any employees and volunteers.  This coverage is especially vital for collegiate and professional athletes, many of whom have a vested financial stake in their athletic performance.

• Sports Insurance Helps to Protect Against Complex Variables – while the world of sports is a fun and enjoyable one, there are many variables in which an accident or injury can occur.  From injury on the court to injury during travel to mismanagement of funds.  With a complex, multilayered business and organization, it is imperative to protect the organization from potential liability with an overarching insurance policy.

• Sports insurance Protects Against the Unexpected – while league organizers and a board of directors can pan and manage for a likely outcome, the world of sports is filled with the unexpected.  Unwanted and unprepared outcomes can bankrupt an organization, leaving the management team vulnerable to liability.

• Sports insurance Can Protect Your Future – whether you are a high school, collegiate, or professional athlete, a solid, overarching sports insurance policy can help to protect your career and financial earnings in the case of injury.  With potentially millions of dollars on the line, sports insurance is a worthwhile investment in your future and your future earnings potential.

How to Choose a Sports Insurance Company?

With a plethora and slew of companies offering sports insurance policies, it can be difficult to determine which company can provide the best coverage for your specific needs.  And while it can also be difficult for us to know what your specific needs are, there are a few qualifications which you should consider before choosing a sports insurance company and coverage.

• Buy from an accredited company – perhaps above all else, you should only consider purchasing sports insurance from an accredited company.  An accredited insurance company has demonstrated that it has met and continues to meet an assortment of legal, financial, and organizational standards as determined by an independent committee.

• Consider the insurance companies rating – an insurance companies rating is considered to be an opinion by an independent agency determining their financial strength, company solvency, and their ability to pay policyholder claims.  Opting for a higher rating will help provide you with peace of mind in the event that a claim will need to be filed.

• Speak to other sports organizations – lastly, word of mouth is your best bet.  You should speak with other sports organizations in your field and gauge the insurance policy they currently hold and speak with them on their experience.  Doing so will help you to reduce the number of choices and help you to better choose an insurance company for your organization’s needs.

How Much Does Sports Insurance Cost?

As with many insurances, coverage cost is highly dependent on the activity, age level, and professionalism of the athletes and spectators involved.  However, generally, sports insurance with coverages of $1,000,000 begin around the $25 a month mark and can be as high as a couple of hundred dollars per month for more dangerous sporting activities.

John M. Glover Insurance Agency

Since 1916, John M. Glover has provided a wide range of insurance options for their clients.  And through exclusive nationwide programs, they currently offer sports insurance for watersports, snow sports, knocker ball, zip lines, and other similar activities.  In addition, John M. Glover covers sports teams and sports organizations and leagues looking for additional insurance coverage.

As an independent insurance agency, John M. Glover works closely with a number of insurance companies based on their reliability, stability, and performance.  Through these partnerships, they are able to provide sports organizations with the best insurance products and services.

Sadler Sports and Recreation Insurance

Exclusively focused on sports and recreational insurance since 1957, Sadler is licensed to operate in all 50 states and currently insure more than 15,700 organizations.  Sadler Sports and Recreation provides some of the best quality insurance coverage at some of the lowest possible price points, helping you to remain covered without breaking the bank.

In addition, Sadler Sports and Recreation creates custom insurance policies for each policyholder, ensuring that you and your organization are covered to the fullest extent possible.  With nearly 90% of all sports and recreation insurance policies containing a flaw in the policy, Sadler ensures proper and appropriate coverage for your specific organizational needs.

E Sports Insurance

A relatively newer entrant into the world of sports insurance, E Sports Insurance provides insurance to amateur youth and adult sports teams.  Covering a wide range of sports programs and associations, E Sports Insurance is adept at understanding the needs of their clients and ensuring proper coverage is maintained.

In addition, E Sports Insurance only works with insurance companies with an A rating or higher, meaning you can rest assured knowing that your policy will be upheld and honored in the case of accident or injury.  Lastly, what really impressed us with E Sports Insurance, was their use of a dedicated insurance agent for each client.  With near same-day response, you will have a dedicated support member guiding and assisting you through each step of the process.