For the animal and vehicle racetrack, the hazards are of the unique kind, necessitating a specific type of coverage.
Animal Racetrack Insurance
Animal racing, such as those in which horses and greyhounds compete, is a popular event. Insurance needs must be met in the following areas:
- Fire Risk: barns and staples house hay and other flammable material
- The animals can cause damage
- The animals themselves can suffer physical damage
- Crowd control and the presence of bleachers
- Animals can harm people
- Betting activities exposes the event to crime and employee dishonesty
- If restaurant and liquor liability exists, this places further exposure upon the event
Vehicle Racetrack Insurance
Racing cars and other vehicles that race as a sport draws significant spectator presence. Related insurance shields the track or course owner as well as those sponsoring the event. Coverage protects against third party claims brought by viewers who suffer injury due to premises hazards, such as
- Grandstand collapse
- Bleacher collapse
- Harm as a result of a racing vehicle
- Harm caused by debris from accidents occurring at race rehearsal or actual event
Claims brought by racing drivers or racing car owners are excluded from this coverage.
PRIME Insurance is a 3-generation family-run independent agency. We’ve been appointed by the leading companies to deal directly with them, making us partners with the big industry names like ACE, ASI, ASSURANT, CHUBB, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and others. With thousands of satisfied customers, we benefit our clients by reviewing current coverage, and by shopping our extensive network to locate customized policies at competitively lowest quotes.
HAVE A PRIME DAY™!
PRIME Insurance provides all forms of nationwide coverage, including NJ cheap auto insurance, low quote commercial umbrella insurance NJ, Houston, TX commercial property insurance, flood insurance, vacant property insurance NJ, NJ renters insurance, NJ homeowners insurance, NJ bonds, NJ workers comp, NJ life insurance and more. We invite you to experience the PRIME difference by visiting us on our online insurance website; emailing us at PRIME [at] primeins [dot] com; or by calling us at 732-400-5242.
Summary: Like other sports’ events, a car or horse race must deal with crowd and bleacher risk exposure. Then there are the perils that are unique to this type of event. And that is precisely why there’s specialized insurance coverage!