Insurance is an essential consideration for any axe-throwing venue. With individual players throwing hatchets and other objects near each other, there is an increased risk of injury or property damage.
Establishing a safe, fun environment for axe throwers is essential to provide a quality customer experience. Knowing what kind of insurance your axe-throwing venue requires will help ensure that you’re not at risk of high, unexpected costs due to accidents or premises liability issues.
In this blog post, we will discuss a few main topics of insurance an axe-throwing venue should have so that you can protect your business and its patrons.
General Liability Protection
General liability insurance, often known as commercial liability insurance, should be the foundation of your insurance strategies. This insurance protects you and your business against claims of personal injury and property damage. Almost all companies, regardless of specialization, carry general liability insurance.
The general liability insurance needs to be improved for your axe-throwing business. This type of insurance does not cover professional mistakes, employee injuries, poor artistry, or intentional wrongdoing. Consequently, you will require additional insurance plans for your business.
Liquor Liability Liability Protection
As a business owner you can absolutely be held liable for furnishing, serving or selling alcoholic beverages. You can also be held liable for allowing people to drink on your premises. There are very specific coverages for alcohol related incidents. Ask your agent where coverage for selling alcohol is and also where BYOB is. We often see businesses who believe they are covered, but do not have the correct language in their insurance contracts.
Workers Compensation for Employees
As a business owner, you have a legal obligation to do everything in your power to care for your workplace and your employees appropriately. Even the best-run firms, however, are not immune to mishaps.
The insurance helps give an employee salary replacement and medical benefits in exchange for the employee waiving their right to sue their employer for carelessness.
Property insurance safeguards the assets of your small business. This insurance will protect you if your axe-throwing business suffers property, equipment, or other product damage. This form of insurance can help you pay these costs as well as the cost of repairing or replacing the property. This could include the building (if you own it), the construction you have added to it, the contents you have inside it, the windows in a place you rent, outdoor signs, and even business interruption which can pay for lost revenue and expenses you incur in the event you are shut down due to a covered loss.
Typically, property insurance covers losses and damages caused by perils such as fire, theft, and vandalism. As a business owner, you invest a lot of financial assets into your business and you have the option to protect them from an insurance standpoint if you choose to do so. If your business is in a region prone to severe weather or natural disasters this would be highly recommended.
Having the right insurance policies in place is essential for any axe-throwing venue. With so many types of coverage available, it can take time to determine which ones are right for your platform. By researching the different kinds of insurance an axe-throwing business needs and obtaining the necessary coverage, you can keep your business and its patrons safe from harm.
Are you searching for axe-throwing venue insurance? AxeThrowingInsurance.com has got you covered! Our policies are tailored to meet the unique needs of your business, so you can rest assured that your business is adequately protected. Get in touch with us now!