What Insurance Do I Need to Host a Pro Wrestling Event?
So, you are looking to host a live pro wrestling event. Whether this wrestling performance will be held at your home gym or at another establishment, you will need to acquire specific insurance for this event. Insurance coverage for pro wrestling promotions typically consists of three parts:
General Liability Coverage to protect the venue and the pro wrestling promoter,
Accidental Medical Insurance that satisfies requirements of the state commissions and makes payments to workers for covered medical bills, and
Equipment Coverage, for damage to equipment used at the event.
Some insurance companies package this coverage together. They can also be purchased separately, as needed, to customize the coverage for your wrestling show. Getting the right coverage for a pro wrestling performance will protect the promoter from both worker injury and property damage claims.
General Liability Coverage
Venues usually only require you to have a general liability policy. Liability insurance for wrestling promotions provides coverage for suits that could arise from necessary activities performed while conducting your event, negligence claims, and coverage for the cost of investigations and defense claims for event liabilities —injury or death of fans or volunteers, damage to the property, or host liquor liability.
General liability insurance will provide protection for the promoters, employees, staff, and volunteers against bodily injury and property damage claims; however, not all event insurance policies have liability coverage for the wrestlers who are participating in the show itself. So, if you want to protect yourself from lawsuits from event workers, you’ll want to make sure you know whether or not this coverage is included in your pro wrestling event policy.
After securing your general liability coverage, you will need to determine if you are going to provide insurance for the workers for injuries that may occur at your pro wrestling show. Although some insurance companies will require the event holder to provide this coverage in order to obtain liability insurance, other insurance companies will allow the pro wrestling event promoters to purchase general liability insurance alone. As a result, if the workers get hurt and incur medical bills, they are responsible for paying those bills themselves.
Maybe you believe that you shouldn’t have to pay extra to cover injuries because workers should have their own insurance. But, before you waive this coverage, check to see what the state athletic commission requires.Different states require varying levels of benefits to be paid through insurance for the protection of the workers at certain wrestling performances.
Fan Liability Coverage:
Typically, pro wrestling event promoters try to find the lowest possible cost general liability policy for a live wrestling performance. They can then show a certificate of insurance coverage that provides the minimum coverage needed to host their event. One way they accomplish this is by purchasing general liability coverage for the fans only. Spectator-only insurance protects the venue and promoter from alleged negligent injuries to fans; however, there is no coverage for the workers. So, although this is an inexpensive way to obtain event liability insurance, it leaves the event promoter exposed to financial losses resulting from worker claims.
If the promoter chooses to buy coverage that does not provide for worker injuries, they need to ensure that their state commission or venue does not require that medical coverage. Pro wrestling promoters should know that event general liability coverage includes worker liability and does not guarantee coverage to help pay medical bills if workers get hurt at your event. Event promoters should be aware that while the venue they are renting may only require general liability pro wrestling insurance, that does not mean that you do not need coverage to protect your workers. More and more venues are beginning to require accidental insurance for wrestlers to rent from them, as this coverage helps protect promoters and venues from suits arising from worker injuries.
Supplemental Medical Expense Policies:
You have options if you are an event promoter hosting a pro wrestling show and want to cut costs. Suppose you are comfortable running your event without worker liability coverage. In that case, one step that you might take is to require that your workers enroll in their own supplemental medical expense policy. These policies usually meet participation requirements expected by any state athletic commission, or venue requirements. Additional medical expense policies can be purchased for as little as $8 per month and provide pro wrestling event workers with insurance coverage for injuries and accidents at your pro wrestling show. These policies also provide the policyholder with insurance coverage for the entire month. This gives extra protection to workers and promoters that medical expense event policies do not offer, making this option a growing trend.
If you choose a supplemental medical expense policy, there are several ways to implement this requirement into your event. At http://prowrestlinginsurance.com/ we can help. We can enroll workers on the spot when they sign up for your wrestling card. You could include this coverage as part of your annual membership fee or event cost or use one of our many other payment options. Perhaps you’d rather have them show proof of coverage when they register for your show. At http://prowrestlinginsurance.com/, we provide our members with particular membership forms and certifications. If they do not already have coverage, send them our way. We’ll get them enrolled ASAP.
Before choosing an insurance policy for wrestling promotions, it is essential to understand your coverage options. Having proper insurance coverage can give you peace of mind, allowing you to keep your focus on the tournament. At http://prowrestlinginsurance.com/, we can help with all your pro wrestling event insurance and bonding needs. One of our agents can assist you while you are running your live pro wrestling show. Just give me a call.