Sports and Recreational Equipment Product Liability Insurance

treadmills

Providing the most competitive insurance premiums for manufacturers, importers and distributors in the Sports and Recreational Equipment Industry

Sports Equipment Product Liability Application »

Coverage Highlights

  • General Liability
  • Product Liability
  • Personal & Advertising Injury
  • Hire & Non-Owned Auto Liability
  • Excess or Umbrella Limits Up To $10,000,000
  • Ocean Marine Cargo for Importers & Exporters
  • Occurrence or Claims-Made Policies
  • Property Insurance
  • Workers’ Compensation
  • Directors & Officers Liability

Products covered includes but are not limited to:

sports products

Sports Equipment Sample Quotes

 #1: Suspension Straps For Core Fitness

  • Type of Policy: Occurrence
  • Sales = $500,000
  • Rate Per $1,000 of Sales = $6.00
  • General Liability Premium = $10,000
  • $4 mil. Excess Liability Premium=$2,250
 #2: Two Wheeled Skateboard Importer

  • Type of Policy: Occurrence
  • Sales = $15,000,000
  • Rate Per $1,000 of Sales = $8.00
  • General Liability Premium = $120,000
  • $4 mil. Excess Liability Premium = $50,500

#3: Pole Vaulting Training Equipment Mfg.

  • Type of Policy: Occurrence
  • Sales = $250,000
  • Rate Per $1,000 of Sales = $20.00
  • General Liability  Minimum Premium =$7,200
#4:  Martial Arts Training Equipment Mfg.

  • Type of Policy: Claims Made
  • Sales = $250,000
  • Rate Per $1,000 of Sales = $7.11
  • General Liability Minimum Premium = $5,250
#5: Imported Children’s Scooter

  • Type of Policy:Occurrence
  • Sales = $20,000,000
  • Rate Per $1,000 of Sales = $6.00
  • General Liability Annual Premium =$167,250
  • $4 mil. Excess Liability Annual Premium =$135,441
#6: Fiberglass Pool Mfg.

  • Type of Policy: Claims Made
  • Sales = $500,000
  • Rate Per $1,000 of Sales = $9.36
  • General Liability Annual Premium = $5,434

Challenges For Sports Equipment Product Liability Insurance Underwriters

The evolution of sports equipment is fast paced and constantly changing. Fitness trainers and coaches are always thinking of a better ways to improve the performance and safety of the products and equipment they use on a daily basis. The tennis player, Andre Agassi’s trainer, Gil Reyes, custom designed all new equipment specifically for Andre because, in his opinion, none of the equipment on the market met the specific needs of a tennis player. Now Gil Reyes offers a full line of fitness equipment similar to Proform, Cybex and Precor.  Pole vault coaches are always thinking of new equipment that will give their athletes an advantage. Football trainers and coaches are engrossed in ways to improve the safety for their athletes and reduce concussions. And, as result, the constant innovation and influx of sports equipment is always presenting challenges to the insurance companies that provide the product liability insurance for these products.

Complete one simple application and get up to 8 quotes from the top 18 Product Liability Insurance providers!