People are always looking for activities that can relieve stress while looking good. One example is axe-throwing, precisely what it sounds like: throwing axes at a target. The sport has become increasingly popular due to its combination of physical activity, competitive nature, and the satisfaction of hitting a target with a sharp blade.
However, axe-throwing is still considered a dangerous activity. The slightest mistake can lead to injury or even death. For this reason, an axe-throwing business must get insurance to protect itself from liability. It is worth noting that while axe-throwing businesses can get insurance, their policies are unlike most other businesses because of the unique risks associated with the activity. For this reason, an axe-throwing business must consider certain factors when getting insurance, such as:
#1 – Minimum Age of Throwers
Axe-throwing businesses must set a minimum age for their throwers. This is because axe-throwing can be dangerous, and children may not have the experience or coordination necessary to throw an axe safely. Businesses must set an age limit for throwers to minimize the risk of injury or accident.
Additionally, it can reduce the cost of insurance, as insurers may offer discounts for businesses with a minimum age requirement. Most axe-throwing businesses set the minimum age at 18 or 21 because children under these ages may not have the maturity or experience to throw an axe safely.
#2 – Bystander Protection Measures
Insurance for axe-throwing businesses is an important consideration for any business owner. One way to protect bystanders is to limit access to the area where axe-throwing occurs. This could mean having a marked line on the floor that marks the spot where only throwers are allowed or having a physical barrier, such as a fence that separates the throwers from the rest of the space. This helps ensure that spectators are kept at a safe distance away from the throwers.
#3 – Number of Throwers Supervised
The number of throwers supervised in an axe-throwing business is an essential consideration for any business owner. The number of throwers supervised will depend on the size of the facility, the number of staff members available, and the number of lanes open. You must ensure that each thrower is given adequate supervision and instruction to ensure their safety and the safety of all participants.
Generally, one staff member is recommended to supervise at most four throwers at a time. This ratio ensures that each thrower is given adequate instruction and supervision to ensure safety. It also allows for more personalized instruction for each individual, which can help to ensure that throwers are following proper safety protocols and are having a positive experience.
#4 – Location
An insurance provider will consider the axe-throwing business’s location because it can affect the risk and cost of providing coverage. The area of the business can influence the frequency and severity of potential losses and the cost of the insurance premium.
When selecting a location, you must consider the area’s safety, parking and public transportation availability, and applicable local regulations. The business should also consider the area’s demographics since this can affect the number of customers attracted.
#5 – Company Revenue
An axe-throwing business is still a business, and insurance providers consider revenue because it helps them assess the risk of providing coverage. Insurance providers will examine the company’s income, expenses, and financial statements. This information helps them determine the business’s ability to pay for the insurance coverage and the risk of providing coverage for the business.
The company’s revenue is also used to determine the premium rate for the insurance policy. The company’s revenue can be used to calculate the expected losses that the insurance provider may have to cover, which will then be used to determine the cost of the coverage.
#6 – Waivers
By nature, axe-throwing businesses are risky, so insurance providers will look at waivers to assess the risk of providing coverage. Waivers are documents signed by the participants of an axe-throwing business, usually before the commencement of an activity. These documents waive the business’s liability for injuries or damages sustained during the activity.
An axe-throwing business can be dangerous, which is why insurance is necessary. While finding the right coverage will be tricky, an axe-throwing business can protect itself if it has insurance. This way, participants, bystanders, and the business will be protected.
If you are looking for axe-throwing business insurance, AxeThrowingInsurance.com has what you need! We offer comprehensive insurance coverage for axe-throwing businesses for affordable rates and reasonable terms. Call us today at 407-461-6103 for a free quote!