Roller Skating Business Insurance
Getting insurance for your roller skating business is essential.
Roller skating businesses need to be protected against things like accidental injuries, employee-related disputes, and property damage.
For example, an employee or customer ends up slipping and seriously injuring themselves whilst in your business’s premises, or a storm causes significant damage to your rink.
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 Roller Skating Business
General liability insurance is — generally speaking — one of the most important insurance policies for roller skating businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
Even so, it is important to understand that your roller skating business will likely benefit from purchasing additional coverage. A general liability policy will not be able to holistically protect it from all potential risks.
Additional insurance policies you will likely benefit from purchasing for your roller skating business include:
- Commercial property insurance — Will protect your business’s commercial property (e.g., roller skating equipment, rink, etc.) from potential theft or damage.
- Workers’ compensation insurance — Will cover your business in the event of an employment law-related dispute.
- Business interruption insurance — Will cover part of your lost income in the event that you are required to temporarily stop operating due to a fire or other covered risk.
You will also need to spend some time in order to find the right business insurer for your roller skating business.
Even though there are several great options available, we recommend prioritizing an online insurer (e.g., Tivly, Next Insurance, etc.) over a brick-and-mortar alternative (e.g., Nationwide, etc.), as they typically have lower operating costs, and so are generally significantly more affordable.
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Cost of General Liability Insurance
The average Roller Skating Business in America spends between $300-$800 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a roller skating 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 Roller Skating Business
Example 1: A customer’s rented skate brakes while skating, causing a fall that results in substantial injuries. Even if your rink isn’t held liable because the customer assumed the risk of falling when they stepped into the rink, the resulting legal fees alone could be expensive. General liability insurance would likely cover the legal fees and any settlement.
Example 2: While walking through a dimly lit area of the rink in skates, a customer trips and is injured. Again, general liability insurance would probably cover the injuries.
Example 3: Employees neglect to tell a customer that strobe lights are used during a Saturday-night skating party. The customer has epilepsy, and the strobe lights cause a seizure. General liability insurance would likely cover any settlements or compensation due to the injured person if the business is sued.
Other Types of Coverage Roller Skating 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:
Property Insurance
Roller skating businesses that own the building they’re in normally need property insurance for the structure. Policies usually also cover build-outs and equipment stored in the building.
If your skating rink’s structure is built using an especially affordable technique (e.g., as a steel building), property insurance might be more affordable as well. Regardless of the cost for your particular building, your business’s largest asset isn’t one that should be left uncovered.
Property insurance is widely available through business owner’s policies (BOPs).
Workers’ Compensation Insurance
Assuming your roller skating business has employees, it will need workers compensation insurance. Most states require businesses that have employees to carry this coverage, which pays for medical care and lost wages resulting from work-related injuries and illnesses.
Working at a roller skating business can be hazardous for even experienced skaters. Rogue customers can run into employees who are actively monitoring the rink, and anyone could trip over stray equipment on the floor. You’ll need to make sure all employees are covered from the first day they begin working.
Workers compensation is usually obtained as a standalone policy.
Business Interruption Insurance
When a disaster strikes, it sometimes takes businesses weeks or months to recover and reopen. If your roller skating rink wouldn’t be able to pay its bills without revenue coming in, business interruption insurance may be an appropriate coverage. This insurance provides supplemental payments to compensate for revenue losses after a covered incident.
Business interruption insurance can often be included as part of a BOP.
Liquor Liability Insurance
If your roller skating rink has a bar, getting liquor liability insurance is probably both wise and necessary. Liquor liability can cover a range of alcohol-induced incidents, from falls to fights, and many states require businesses to have a policy in place before they can obtain a liquor license.
Liquor liability insurance is available through package policies and as a standalone coverage.
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 roller skating 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.
Roller Skating 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.
Generally speaking, yes, you will want to ensure that your roller skating business’s equipment is protected from potential damage and/or theft as soon as you begin interacting with customers.
Getting business insurance before you start your business can also be a good idea in the sense that it can help you avoid facing a lawsuit while uninsured; this can end up saving you thousands of dollars.
Not necessarily. Certain exceptions may be written directly into your roller skating 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.