Running a bowling alley is a fun and exciting way to bring together family, friends, and the community. However, like any business venture, some risks come with owning and operating a bowling alley.
These risks can include property damage, liability claims, and equipment breakdowns, among others. In order to protect your business from financial loss due to these risks, it is essential to have the proper insurance coverage in place. Bowling alley insurance can provide the protection you need to keep your business running smoothly.
Who Needs Bowling Alley Insurance
If you own or operate a bowling alley, then you need to have bowling alley insurance. This type of insurance is designed specifically for bowling alleys and covers a range of risks that are unique to this type of business. Even if you have a small bowling alley, you still need insurance coverage to protect yourself from potential financial losses.
Types of Bowling Alley Insurance
There are several different types of insurance coverage that are available for bowling alleys. These include:
- Property Insurance: This type of insurance covers damage to your bowling alley property, including the building itself, as well as any equipment or inventory that is stored within it.
- Liability Insurance: Liability insurance provides protection in the event that someone is injured while on your property or as a result of your business operations. This can include slip and fall accidents, as well as injuries that occur as a result of a malfunctioning piece of equipment.
- Workers’ Compensation Insurance: If you have employees working in your bowling alley, you are legally required to have workers’ compensation insurance. This type of insurance provides coverage for medical expenses and lost wages for employees who are injured on the job.
- Business Interruption Insurance: If your bowling alley experiences a disruption in business due to a covered event, such as a fire or natural disaster, business interruption insurance can provide coverage for lost income and other expenses related to the interruption.
- Liquor Liability Insurance: If you serve alcohol in your bowling alley, you will need liquor liability insurance to protect yourself from liability claims related to alcohol consumption.
How Much Does Bowling Alley Insurance Cost?
The cost of bowling alley insurance will vary depending on a number of factors, including the size of your bowling alley, the type of coverage you need, and the location of your business. However, on average, you can expect to pay between one and several thousand dollars per year for insurance coverage.
Bowling Alley Insurance Requirements
To operate a bowling alley, you will need to have certain types of insurance coverage in place. These requirements may vary depending on your state and local laws, as well as any agreements you have with landlords or lenders.
Commercial Insurance And Business Industry Classification
- SIC CODE: 7933 Bowling Centers
- NAICS CODE: 713950 Bowling Centers
- Suggested Workers Compensation Code(s): 9093 Bowling Lane
Owning and operating a bowling alley can be a fun and rewarding business venture. However, it is important to have the proper insurance coverage in place to protect your business from potential financial losses.
Bowling alley insurance can provide the coverage you need to keep your business running smoothly and to protect yourself from liability claims and other risks. If you own or operate a bowling alley, then make sure you have the right insurance coverage in place to protect yourself and your business.