Hosting competitions is a great way to engage your community and attract new participants, but these events come with unique risks that often require a special event policy. Here’s what you need to know to ensure your gym and participants are protected.
When Do You Need a Special Event Policy?
You’ll need additional coverage if your event involves:
- Entry Fees: Charging athletes to participate introduces new liabilities.
- Prizes: Offering rewards increases risk.
- Sponsors: Outside partnerships complicate liability.
- Non-Members: Unknown athletes bring unpredictability.
For informal, fee-free events like the CrossFit Open, your existing policy may suffice.
Why Special Event Coverage Matters
Competitions bring unpredictable risks, from athletes pushing limits to performing unfamiliar movements. A special event policy ensures:
- Injuries during the event are covered without affecting your day-to-day policy.
- Your regular operations remain protected.
Simple Steps to Prepare
- Adjust Entry Fees: Add around $4 per participant to cover the policy cost.
- Use Waivers: Ensure every athlete signs a waiver.
- Work with Insurance Experts: Partner with an industry-specific insurer like AGuard to get the right protection.
Set You Event Up for Success
Competitions can be exciting and rewarding—if you’re prepared. A special event policy gives you the confidence to host a successful event while safeguarding your gym and participants.
Planning a competition? Contact AGuard today for expert advice and customized coverage.
