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Insurance for Ax-Throwing Businesses

Insurance for Ax-Throwing Businesses

First, it was rage rooms, and now ax-throwing is the next big thing in relaxation techniques. As these businesses continue to pop up across the country, you may be wondering: where can I get insurance for that? We have the answer: Hayes Brokers. What kind of insurance do you need for an ax-throwing business? It may be similar to more mainstream businesses, but with a twist. Liability Insurance Every business needs liability insurance. This insurance covers everything from slips and falls to property damage caused by your business on your business premises. It covers you for any unintended negligence on the part of your business (such as a fall due to a wet spill) and will even protect you in the event you are sued for something that wasn’t your fault. Additional insured coverage can be added for your landlord, which will be required for any business that leases space from another company. Your landlord or property management company will require this when you sign the lease. Property Insurance While ax-throwing businesses will take every precaution to protect the building and adjacent property from damage, property insurance is still an important part of your insurance portfolio. Property owned by the business, including copiers, wall art, computers, and phone systems should be insured under a property insurance policy. Under a commercial property policy, there would be coverage for fire, theft and other property hazards not necessarily associated with ax-throwing. If you are a tenant, you should also consider tenants improvements and betterments coverage. This covers your business for any special build-outs that may be required for your business to function...