Sporting Goods Insurance
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Sporting goods and fitness manufacturers, importers and distributors have unique insurance needs. Under the strict liability laws, these companies may be held legally liability for any bodily injury or property damage caused by the products put into the marketplace. Having the proper liability coverages are imperative to respond to claims and lawsuits brought against the company due to their products manufactured, imported, distributed or sold to the consumer. Damages awarded in product liability claims can be staggering and can put you out of business.
Veracity’s knowledge and experience can help you navigate the underwriting process and provide coverage to meet your needs. Veracity has special exclusive program rates, dedicated service staff, in-house underwriting, and quick turnaround times.
Whether you are a manufacturer, importer, distributor, or reseller - Veracity is your solution for Sporting Goods Insurance.
Target Classes
- ATV’s
- Batting Cages
- Bicycles
- Cardio Equipment
- Firearms
- Flex Tape/Sports Tape
- Helmets
- Protective Gear
- Snowmobiles, skis & other snow sports equipment
- Sport Clothing
- Sport-specific Equipment
- Tree Stands
- Weight Lifting Equipment
Program Highlights
- Minimum Premium $2,500 - $7,500
- Blanket Vendors Endorsement
- Limits Up to $100 Million
- Claims Made or Occurrence Available
- Discontinued Products Coverage
- Product Recall Coverage
- New Ventures Welcome
- Imported Products Welcome
Why Sporting Goods Insurance?
In August 2008, a teenager was left brain-damaged when he was hit with a line drive during a baseball game. Later, he and his family sued the bat manufacturer, the baseball league, and a major sporting goods chain. In 2012, the lawsuit was settled for $14.5 million.