Am I buying the right Policy?
As a minimum, sports organization should purchase three different insurance policies or a package containing all. Some sports organizations may also need additional policies such as Property, Auto, or Workers' Compensation.
- Accident Insurance - Pays for medical bills on behalf of injured participants. This policy assures that your participants and volunteers will receive proper medical treatment. Also, most lawsuits filed by injured participants are because the medical bills are not covered by the sports organization because of inadequate insurance.
- General Liability Insurance - Defends your organization against law suite arising from a spectator or player that has suffered bodily injury or property damage due to the negligence. Covered persons should include the sports organization itself, directors, officers, and volunteers. Lawsuits are filed regularly for injuries that occur at games/practices and during off premises non-sport activities. Even if you were not negligent, you must defend yourself in court.
- Directors & Officers Liability - Covers the sports organization itself, directors, officers, and volunteers, against a class of lawsuit, which is not covered by the General Liability policy, alleging that your sports organization's negligence has resulted in economic injury to another party or that another party's rights under state, provincial or federal law have been violated. These types of lawsuit include discrimination, wrongful termination or suspension of personnel or players, or failure to follow rules or bylaws. This policy also pays for your defense and all related costs including cost of settlement or jury verdict.