Club Insurance
With various Sports Club Insurance options available, your ideal coverage may differ depending on the club’s size, activities, and potential risks. Sports and RSL clubs have valuable assets that need protecting – from building, furniture and office equipment to historical artefacts, computers and pokie machines. Knightsbridge can help you understand these risks and choose the right coverage for you, to ensure every aspect of your organisation is protected.
PUBLIC LIABILITY INSURANCE
This coverage protects the club against third party claims arising from bodily injury, property damage, or personal injury on the club’s premises or during a club activity. Comprehensive public liability policies will ensure you’re protected from claims caused by the negligence of club members, including voluntary workers.
PROPERTY INSURANCE
Property Insurance covers your club’s property, including the building, equipment, and supplies, against damage or loss due to fire, theft, vandalism, or other covered perils. It’s highly recommended to check your policy still covers your club equipment when it’s taken to other venues.
MANAGEMENT LIABILITY
This coverage protects the club’s directors and officers against legal liabilities that may arise due to their actions or decisions while performing their duties for the club.
PROFESSIONAL INDEMNITY
Professional Indemnity insurance covers any financial losses arising from negligence, errors, or omissions in the club’s coaches, trainers or medical staff work. This may include legal defence costs, settlements, and damages awarded to the claimant. The specific coverage may vary depending on the policy and the insurance provider.
EMPLOYMENT PRACTISES LIABILITY
This covers the club against legal claims made by employees or volunteers, alleging discrimination, harassment, wrongful termination, or other employment-related issues.
PRIZE INDEMNITY
By purchasing Prize Indemnity Insurance, RSL and sports clubs can offer attractive prizes for their activities or events without taking on the entire financial risk. This policy can help attract more participants and enhance member engagement. One of the most common types of Prize Indemnity Insurance is hole-in-on insurance – which essentially covers the cost of the prize, such as a cash payout, if a golfer hits a hole-in-one during the event.
EVENT CANCELLATION
Ensure your club is covered against financial losses incurred due to the cancellation, postponement, or rescheduling of a planned event.
CYBER INSURANCE
Cyber Insurance can cover various expenses related to a cyber attack, such as the investigation and recovery costs, legal fees, public relations expenses, and business interruption losses. Cyber Insurance is particularly important for clubs because they often collect and store sensitive member information, including personal and financial data.
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Don't let the complexity of insurance get in the way of your peace of mind. Simply fill out the form and one of our expert insurance brokers will contact you to help you find the coverage you need.
Comprehensive Sports Club Insurance: Safeguard Your Organization's Future
Johnnie Macleod is a seasoned and respected insurance professional with more than 38 years experience across underwriting management, insurance underwriting and broking. From early on, Johnnie discovered a natural flair for insurance, and his career has taken him across three continents and working for some of the biggest insurance companies in the world.
Why do clubs need Public Liability Insurance?
Accidents can happen at any time, from slips and falls to collisions and equipment malfunctions, and sometimes, they can result in costly legal claims. That’s where Public Liability Insurance comes in.
As a club or association, it’s essential to protect yourself against the financial risks associated with claims made against you for injury or property damage caused to third parties as a result of your activities.
For example, if a patron slips and falls on a wet floor at your RSL club and suffers injuries, you could be liable for the patron’s medical treatment and related expenses, such as lost wages. Without Public Liability Insurance, you would be responsible for paying the costs associated with the claim, such as legal fees, compensation payouts, and other related expenses out of your own funds – which could be financially devastating.
You can’t afford to be blase about insurance – take action with Knightsbridge today.
How important is Cyber Insurance for clubs?
Cyber insurance is becoming increasingly crucial for sporting and RSL clubs as they rely more on technology to manage their operations and interact with valued members. In fact, recent studies reveal that cyber-attacks are recognised as the number one risk facing businesses globally.
Investing in Cyber Insurance can help clubs manage the risks associated with cyber threats by covering business interruption losses and legal fees. It can also teach clubs how to mitigate risks to prevent cyber-attacks.
Knightsbridge can assess your club’s specific risks based on its contents and activities to provide the best value solution for your business. Contact us today to learn more and get a customised quote for your business, or visit our Cyber Insurance page for more information.
What are the top insurance risks for clubs?
RSL clubs face various insurance risks depending on the activities they engage in and the facilities they use. For example:
- Liability risks: From slips, trips and falls to equipment malfunctions and electrical hazards, you must inspect and understand the risks within your club that could cause injury, illness or property damage.
- Property risks: Without insurance, your club facilities, equipment, and other property are vulnerable to fire, theft, or natural disasters. An effective policy tailored to your unique needs can help cover the cost of repairing or replacing this property.
- Crime risks: With many employees, volunteers and members circling in and out of your facility, you may be susceptible to theft, fraud, or embezzlement. Crime insurance can help protect against losses from these types of incidents.
- Cyber-attack risks: Clubs often process large volumes of electronic transactions and store sensitive member information. Without a comprehensive insurance policy, you could fall victim to hackers trying to steal, leak or sell your critical data and funds.
- Event cancellation risks: Due to weather, natural disasters, or other unforeseen circumstances, you may be forced to cancel club events. From paid music acts and food trucks to tickets or beverage packages – a comprehensive insurance policy can help cover these associated financial losses.
Community clubs and associations need to work with a knowledgeable insurance agency to guarantee appropriate coverage to protect against all potential losses. Don’t wait until it’s too late – take the first step towards peace of mind with Knightsbridge Insurance today.
What industries can Club Insurance cover?
Our Club Insurance packages can cover:
- Sports clubs: football clubs, rugby clubs, cricket clubs, tennis clubs, swimming clubs, and other organised sports clubs.
- Social and cultural clubs: community centres, youth clubs, and religious organisations.
- Adventure and outdoor clubs: hiking clubs, rock climbing clubs, kayaking clubs, and other outdoor adventure organisations.
- Leisure centres: indoor and outdoor leisure facilities, such as water parks, amusement parks, and other recreational facilities.
Our experienced team understands the unique risks associated with sports and leisure activities and can help you identify and mitigate potential losses. Whether you’re looking for Public Liability Insurance, Property Insurance, or other types of coverage, we have the expertise to provide customised solutions that meet your needs.
Why work with Knightsbridge Insurance Group?
Knightsbridge Insurance Group is an Insurance Broking Business with over 70 years of collective insurance experience and is founded on generational values that make you feel secure, protected and cared for. As we grow and expand the Knightsbridge Family, we continue to have a deep understanding of your desire to innovate and be extraordinary — both in business and in life.
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