Philadelphia Insurance Companies' professional sports package can fulfill a wide range of insurance needs for professional sports teams, leagues, stadiums, and arenas. Professional Sports Teams and Venue insurance will help your clients ensure they are protected from any potential bodily injury or property damage claims, along with the fans.

With a sports team and/or venue insurance policy, your clients can focus on the game, knowing they have the coverage they need should any unforeseen event occur and a claim arise.

Why Professional Sports Teams and Venues Need Specialized Insurance

In the sports industry, everyone involved faces risks, from the coaches and players to concession stand workers, janitors, and security guards. In the blink of an eye, your client could find themselves facing a serious claim that could have devastating financial consequences.

Take these common claim scenarios for example:

• $200,000+ A spectator fell from an escalator and died from his injuries. A lack of supervision around the escalators was claimed.
• $325,000+ The claimant fell over a cone in the stadium parking lot and fractured their kneecap. They claimed that the cone was placed in an area without proper signage to indicate that a hazard existed.
• $500,000+ The claimant was struck in the head by a baseball in the stadium. They claimed there was not sufficient screening to prevent fly balls.

These types of claims could have serious financial consequences for your client's organization if they don't have the proper coverage. Due to the nature of sporting events, your clients may have extensive liability exposure that they need to prepare for.

Get to Know the Product: What's Covered?

Philadelphia Insurance Companies (PHLY) has designed our Professional Sports package to provide coverage for a wide range of insurance needs for professional sports teams, leagues, stadiums, and arenas.

General Liability

General liability coverage protects the team against claims of negligence resulting in bodily injury or property damage.

This coverage includes:

• Comprehensive General Liability Insurance limits of up to $1M per occurrence/$3M aggregate
• Employee Benefits Liability
• Rostered players defined as employees
• Coverage for emergency medical personnel
• Coverage for employee trainers
• Primary coverage for certain self-promoted events
• Contingent coverage for non-promoted events, such as rodeos, fireworks, amusements, and motorsports events
• Damage to premises rented to teams/leagues included up to $1M
• Participant Legal Liability coverage is also available

Property

Many sports teams and organizations also own property that needs additional coverage. This could range from bleachers that sustain hail damage, a concession stand kitchen that suffers a fire, or sporting equipment that is stolen. Many organizations have a wide range of valuable property that is at risk.

Property coverage for sports teams includes:

• Blanket limits with large in-house capacity
• Special Causes of Loss coverage on buildings, contents, loss of income, and extra expense
• Crime, Equipment Breakdown, Inland Marine, and all Property coverage included under the same policy
• Agreed Amount endorsement available with substantiation of the property values.

Automobile

Whether the sports organization is renting a bus to carry the whole team to an away game or using an owned vehicle to transport supplies, automobile coverage is a must. PHLY's automobile coverage for professional sports teams covers owned, non-owned, and hired vehicles.

It also includes:

• Garagekeepers Liability
• Rental reimbursement
• Web-based Auto ID card issuance

Crime & Fidelity

Even sports organizations are at risk of costly employee dishonesty.

Crime & Fidelity insurance covers:

• Employee Theft
• Forgery or Alteration
• Theft, Disappearance, and Destruction

Coverage Enhancements:

Coverage enhancement provided without additional charge.

These include:

• Bell Endorsement
• Crisis Management Enhancement Endorsement

Coverage Broadening Endorsements:

Additional broadening endorsements are also available for PHLY for sports teams and venues that want or need extra coverage.

These include:

• Property Elite Endorsement
• General Liability Deluxe Endorsement

Umbrella

Umbrella liability insurance provides teams with extra protection against major lawsuits which may exceed the limits of the policies listed above.

Why PHLY Professional Sports Team and Venues Insurance?

Beyond our uniquely tailored coverage, there are additional advantages for sports teams and venues who choose to partner with PHLY. These include product-specific risk management solutions, outstanding customer service, and superior financial stability.

Our risk management solutions range from our online defensive driver training to abuse prevention training and resources that help our insureds meet the requirements of new abuse prevention laws.

Our customer service is second to none. With staff in more than 50 locations across the country, our employees are able to provide local service and national expertise for our clients. In addition, all claims are handled in house.

Finally, our financial stability allows our customers to rest assured that they'll have the protection they need. PHLY is rated A++ Superior by AM Best Company, A+ by Standard & Poor's, and is recognized as a member of Ward's 50 Benchmark Group of Property/Casualty insurance companies.