Recreation Insurance Defined
When you visit Kingston Insurance Agency LLC serving South Kingstown, RI, for commercial insurance, you might not already know about one of your options – recreation insurance. If you run a business that involves sports, outdoor activities, or any athletic pursuits, you need this vital insurance policy.
Recreation insurance provides liability coverage for these high-risk activity-oriented businesses. A business such as a bungee jumping company would not normally qualify for commercial liability or the business’s high risk would make premiums exorbitant.
For businesses like these, which run the gamut from canoe rental to indoor rock climbing, recreation insurance provides the coverage needed. As our society has turned toward experience-oriented pursuits, other types of businesses have also qualified for this insurance policy. Those include:
- amusement parks and arcades,
- performing arts company,
- spectator sports,
- agents and managers for artists, athletes, entertainers, and other public figures,
- promoters of performing arts, sports, and similar events,
- independent artists, writers, and performers,
- museum, historic site, or similar institution,
- gambling industries,
- other amusement and recreation industries.
For example, a winery might hold a painting and tasting evening where a local artist teaches attendees how to paint a wine bottle and glass picture. In the process, they also taste wines. This requires enhanced liability insurance since it doesn’t meet the business’s typical operations. The recreation policy covers the special event and those in attendance.
In addition to the liability coverage that lets you enjoy the peace of mind that if someone gets injured, the insurance covers their medical costs, your recreation policy also provides property damage, loss of property, and theft insurance. That means if someone damages your business property or damage occurs to their personal property, the recreation insurance covers the loss.
The same coverage applies if a guest has something stolen while attending or steals something from you. Perhaps something incurs damage beyond what can be repaired. Whether it belongs to the business or to an attendee, the recreation insurance covers it.
Contact Kingston Insurance Agency LLC serving South Kingstown, RI for more information on recreation insurance. Let us help you obtain this important policy for your business.