Archery Range Business Insurance
Getting insurance for your archery range is essential.
Archery ranges need to be protected against claims involving things that pose a financial risk and are likely to happen, such as personal injury, property damage, and negligence.
For example, an employee may accidentally use improper teaching technique that causes a customer injury, or a customer may cause damage to the premises while using the range.
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 Archery Range
General liability insurance is — generally speaking — one of the most important insurance policies for archery ranges.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
While the coverage offered by general liability insurance is very comprehensive, many archery ranges choose to buy additional coverage and ensure they are protected against most common potential risks. Some of the policies they opt for include:
- Commercial property insurance
- Professional liability insurance
- Commercial umbrella insurance
- Workers’ compensation insurance
There are generally two main options when it comes to choosing an insurance provider:
- Traditional brick-and-mortar insurers: Includes well-established providers (e.g., Hiscox and CNA), which have been operating for a number of decades. They offer personalized coverage with the help of an insurance agent, though the higher overheads of a physical storefront often mean their prices can be a little steep.
- Online insurers: By utilizing AI, these providers are able to offer insurance that matches the quality and accuracy of traditional insurers conveniently and affordably, thanks to their lower overheads.
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Cost of General Liability Insurance
On average, archery ranges in America spend between $400 - $1,100 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for an archery range 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 Archery Range
Example 1: While an employee transports equipment from the parking lot to the range, he loses control of the dolly and it hits a customer’s car. General liability insurance would cover the customer’s vehicle repair costs.
Example 2: A competitor claims your last advertisement libeled his business and decides to sue. While you disagree with the accusation, you need to hire a lawyer immediately. Your general liability policy will pay for your legal representation and any awarded settlement.
Example 3: As a customer’s child runs across the walkway to the range, he trips and breaks his nose. His father asks your business to pay for his son’s medical care. General liability insurance would cover the child’s medical treatment.
Other Types of Coverage Archery Ranges 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:
Commercial Property Insurance
You made a major investment in the equipment and supplies for your archery range. If you own the facility in which you operate, commercial property insurance would cover the cost of repairing or replacing your business-related property in the event of a fire, theft, or natural disaster. This includes structural damage to your building or grounds as well as the business equipment and supplies you store there.
Professional Liability Insurance
While you strive to offer advice that helps your customers improve their archery skills, there’s always a chance one might decide your professional advice caused them harm. If a customer files a lawsuit, professional liability insurance would cover your legal fees and any required settlement.
Commercial Umbrella Insurance
While your general liability insurance policy covers most claims, some accidents or lawsuits may be so catastrophic that they threaten to exhaust the limits of your primary coverage. Commercial umbrella insurance protects you from paying out-of-pocket for any legal fees and awarded damages that exceed your primary policy.
Workers’ Compensation Insurance
If you have any employees, most states will require you to carry workers’ compensation insurance for both part-time and full-time workers. 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.
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 archery range:
- 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.
Archery Range 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, due to how risk-prone archery ranges are by nature, it is generally advisable to get the right business insurance before operations begin in order to protect it from potential unexpected losses.
It’s worth noting that, for the sake of legitimate operation, your archery range may have to purchase certain types of business insurance to be able to operate legally.
Not necessarily. Certain exceptions may be written directly into your archery range 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.