Skateboarding Lessons Business Insurance
Getting insurance for your skateboarding lessons business is crucial. This is because you will need to protect yourself from a variety of different risks, including bodily injuries and property damage.
For example, a customer gets injured during a lesson as a result of your instructor’s guidance, or a theft at your property causes the loss of your skateboard instruction equipment.
We’ll help you find the most personalized and affordable coverage for your unique business.
Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.
Best Insurance for a Skateboarding Lessons Business
General liability insurance is — generally speaking — one of the most important insurance policies for skateboarding lessons businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
Having said that, it is important to note that several owners choose to purchase additional coverage.
This is because a general liability policy will not protect you from the following types of risks:
- Skateboard damage or theft of equipment: Commercial property insurance
- Instructor injuries or legal disputes: Workers’ compensation insurance
- Lost income due to temporarily shutting down: Business interruption insurance
You will also need to find the right coverage provider for your skateboarding business. All in all, we recommend going with an online insurer that is highly reputable and has great customer service ratings as well as a reliable claims procedure.
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Cost of General Liability Insurance
On average, skateboarding lessons businesses in America spend between $350 - $650 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a skateboarding lessons business to other professional industries using the graph below.
Several factors will determine the price of your policy. These include your:
- Location
- Deductible
- Number of employees
- Per-occurrence limit
- General aggregate limit
You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.
A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.
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Common Situations That General Liability Insurance May Cover for a Skateboarding Lessons Business
Example 1: While teaching a lesson, you stumble and knock over the parent of your student. She breaks her arm in the fall and sues your business. Your general liability insurance policy will pay for your legal defense costs. It will pay for your attorney and for a settlement if necessary.
Example 2: A competing business has sued your company for libel. You know you need a lawyer to defend your interests. Your general liability insurance policy will pay for your lawyer if someone sues you for libel.
Example 3: Your employee steps on the bag of a client and breaks the expensive camera equipment inside. The general liability insurance policy you have will cover damage to customer property. You can file a claim and get help replacing the equipment.
Other Types of Coverage Skateboarding Lessons Businesses Need
While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some of the most common types of coverage:
Professional Liability Insurance
You do your best to teach your students well. But, even with your hard work, there is always a chance you'll make mistakes and face lawsuits for them. Professional liability insurance will pay your legal defense costs in such circumstances. It will cover the cost of your attorney and a settlement if necessary.
Commercial Property Insurance
The various skateboarding equipment, supplies, computers, software, furnishings, and other items you invested in to establish your business were costly. It would be difficult to replace them if they get lost in an unexpected event like a fire. Commercial property insurance can help with those replacements. You can file a claim and get money to help you get new property lost in a covered event.
Workers’ Compensation Insurance
If you have hired employees to help with your skateboarding instruction business, chances are state law requires you to have workers’ compensation insurance. A policy will pay for your employees to get medical treatment if they get injured doing their jobs. It will also help cover their lost wages while they are away from work.
Commercial Umbrella Insurance
An umbrella policy picks up where a general liability insurance policy leaves off. It will start paying when you exceed the limits of your general liability insurance policy—which can happen if you lose a big lawsuit.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.
Here are several things you can do to better protect your skateboarding lessons business:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
- Stay up to date with business licensing.
- Maintain your corporate veil.
Skateboarding Lessons Business Insurance FAQ
Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.
A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.
"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.
Yes, you do. Getting the right business insurance policies for your skateboarding lessons business is a prerequisite when it comes to ensuring that your business can continue to operate successfully in the long term.
This is because liability could theoretically arise as soon as you begin interacting with clients, and this could cost you upwards of thousands of dollars.
Not necessarily. Certain exceptions may be written directly into your skateboarding lessons business insurance policy, and some perils may be entirely uninsurable.
Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.
An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.