Aerial Sports Instruction Business Insurance
Getting insurance for your aerial sports instruction business is essential.
Aerial sports instruction businesses need to be protected against claims of misrepresentation, personal injury, or property damage.
For example, a student may suffer a broken arm as a result of the negligence of one of your instructors, or your studio may face damages due to a student losing control during a group session.
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 an Aerial Sports Instruction Business
General liability insurance is — generally speaking — one of the most important insurance policies for aerial sports instruction businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
While general liability coverage is important, there are a number of other policies that are often valuable to aerial sports instruction businesses, such as:
- Workers’ compensation insurance
- Commercial auto insurance
- Professional liability insurance
There are two general avenues to explore when looking to acquire business insurance for your aerial sports instruction business:
- Providers with a physical storefront: These providers were traditionally more popular with businesses because of their reliability, though recently people are beginning to switch to alternatives.
- Online-based providers: This option has become far more sought-after in recent years as people have realized it provides insurance that is just as high-quality, but more conveniently, quickly, and affordably.
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Cost of General Liability Insurance
On average, aerial sports instructors in America spend between $350 - $650 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for an aerial sports instruction 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 an Aerial Sports Instruction Business
Example 1: When a potential customer uses your restroom, she slips on a wet floor, breaks her tailbone, and asks you to pay for her medical care. Your general liability policy should cover these costs.
Example 2: A competitor sues you, claiming you stole your logo from them. You don’t believe the logos are similar enough for the other company to make this claim, but you still need legal representation. General liability insurance will cover your legal defense in such a situation.
Example 3: One of your employees accidentally drops a customer’s computer bag as she carries it to the locked room where you store customer property while they participate in aerial sports. Your general liability policy will pay for the broken laptop and any other damage to customer property.
Other Types of Coverage Aerial Sports Instruction 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
Professional liability insurance can help protect your company if a customer claims your services caused them injury. In the event of a lawsuit, professional liability insurance will cover your legal fees as well as any damages awarded in a settlement.
Workers’ Compensation Insurance
Most states require businesses to carry workers’ compensation insurance for their part-time and full-time employees. This coverage protects your employees if they become injured at work or fall ill after a work-related accident. It not only covers an employee’s medical bills and lost wages if they need time to recover, but also any disability or death benefits stemming from a work-related accident.
Commercial Auto Insurance
Any truck or van you use primarily for business requires commercial auto insurance to protect the vehicle, driver, and others on the road in the event of an accident. Be sure to select a policy that covers not only accident-related vehicle repair costs and medical treatment for anyone injured, but also sufficient protection for any special equipment you carry in your vehicle.
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 aerial sports instruction 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.
Aerial Sports Instruction 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.
We would recommend investing in the proper business insurance for your aerial sports instruction business before operations begin in order to preemptively protect your business from the risks inherent to this industry.
It’s worth noting that certain policy types may be legally required for your business to be considered as run legitimately — particularly if you employ any additional instructors.
Not necessarily. Certain exceptions may be written directly into your aerial sports instruction 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.