 Do you need liability insurance to run a three-on-three basketball league? That's the question for today and the quick answer is yes Even if the facility doesn't require that you have liability insurance to rent their facility to run a three-on-three basketball league It's way too big of a risk to not cover yourself If something awful happens and you're not insured this could have a devastating financial consequence for you It could be a player or a spectator injury whether it was from the actual three-on-three basketball game or Someone just getting hurt somehow in the facility or if a guest were to damage the facility do property damage to the facility Those things could you know, someone could sue you and that's going to be Devastating if you don't have insurance now knock on wood. We've been running three-on-three basketball league since 1997 I'm actually knock on wood We've never had any sort of claim against us But I can sleep at night knowing that we've protected ourselves financially with liability insurance. I remember the first Facility that required us to have liability insurance to rent their gym. Nowadays. I think it's pretty standard that that's going to be Required even if it's not I'd still get it But I remember the first facility that asked us for that I was really intimidated by getting liability insurance and I didn't understand it really at all and I'm still not going to say that I'm any kind of an expert on liability insurance but I do have a really good relationship with our insurance agent now for a couple decades and I Really, you know, he explained a lot of things to me when we first got our coverage and he understands our business and And what we need to be covered for and so I really trust him now Whereas I don't feel like I have to understand everything about it because I've worked with him for so long that I trust him to have the right coverage for us and not have us paying for things that we don't need Okay, so in this video, I'm gonna just share a few tips, maybe you want to jot some of these things down if you're starting this process and You're you know looking at getting liability insurance to cover your three-on-three basketball league So here we go. I'll just give you a couple things that I've learned over the years about this Okay, so when you set up your first policy now, this is the way it worked for us Estimate your numbers really really low. They're probably gonna ask you, you know, how many kids are we? Covering at this three-on-three league. How many dates are they gonna be there and You might have visions of running a three-on-three league that you know with 70 80 90 teams or whatever But don't tell your insurance people that tell them something like oh, I'm expecting 10 or 12 teams You know three players on a team And we're gonna do this one time this year on four dates Okay Now if you have more than that Sign up if you end up running more than one league or whatever that policy Should cover you for the 12 months for your three-on-three activities And then at least this is the way it works for my insurance My agent will send me a document in December usually where I tell him the actual numbers of how many kids we had Participate that year all the dates that we had them and then we use those numbers to Predict what you know my policy is gonna cost me for the next 12 months. Okay, so Make sure you estimate your numbers give really really low numbers because that's what they're basing the the premium on Or how much you're gonna have to pay Another thing about this is and I learned this when I was helping one of my students is that your Liability insurance money isn't a hundred percent at risk if you get your policy set up and Then for some reason your three-on-three league doesn't happen You can get a pro rated refund if you decide you're not gonna run another three-on-three league for some reason So I actually had someone I was working with who had insurance set up for his league And then he had a job transfer and had to move before he could run his league And he didn't get all of it back, but it was like pro rated so he got almost all of it back go through a Sports insurance program because if you're looking at some sort of insurance market, that's not for sports They typically will add a liability Exclusion that's going to exclude injuries to athletic participants during athletic activities Which is exactly what you want to be covered for so make sure that you're actually going through a sports insurance Agent or company now you're gonna be expected also to have your participants complete a liability waiver So you should definitely have that process figured out how you're gonna do that whether it's online or a paper register or a paper Liability waiver. It's I would recommend that you have your insurance provider Look at your waiver and make sure that it's solid also make sure you check your concussion laws for your state in Minnesota some of those laws changed a few years ago and You might have the same thing where you have to show to your liability insurance provider that you have a concussion Awareness system in place So for example, we do need to require our refs and our site directors to do concussion training every three years We also need to have our concussion policy posted on our website and Posted on site at all of our three-on-three leagues Now some optional Coverages that you might be offered one of them is the abuse and molestation liability coverage And we don't have that we don't pay for that because we don't have coaches for our league Definitely if I was in charge of something where coaches were working with kids I would probably get that coverage But we don't and this is just another good reason not to have coaches for your three-on-three basketball league Because you're gonna pay more on your liability insurance for that another Optional Coverage would be a cyber Liability endorsement. So when you're collecting personal information depending on what you're using for your registration system if if you're At you know if that information that personal information is at risk at all you're gonna want to have some sort of cyber protection on your Liability policy But if you're using some sort of sports management registration tool like we use sports engine I'm not endorsing them, but I do know that they are PCI compliant So if you're using something that's on the market for Sports management software, I'm sure all of that stuff is PCI compliant But you might just want to double-check that to make sure that you are covered with your liability insurance on that I'm not endorsing any certain company for sports liability insurance Like I said, I actually use an agent that's local to me in Minnesota But I do know some of my students in my program have used two online sports insurance companies So I can at least direct you to start looking at these and you can do some comparing and shopping around But one of them is called K and K insurance and the other one is called e-sports insurance Probably you should be looking for some sort of policy that's going to cost you less than a thousand dollars a year Shop around now. I'm gonna put up a slide here just to show you what Coverage we actually have and I would again recommend that you actually speak to somebody about this But this is what we carry. We have commercial general liability Up to two million. We have something called general aggregate, which is two million We have personal and advertising Injury liability one million each occurrence is one million and again Just make sure that your general liability policy does not contain any athletic or sports Participation exclusion because obviously that's why you're getting this liability insurance Okay, so again, I'm not pretending to be any sort of insurance Expert, but I trust my insurance agent and I thought I would just pass on to you Some of the things that we've learned with covering our three-on-three basketball leagues with liability insurance If you would like to learn even more from me about running your own three-on-three basketball league I have a free 90-minute training where I will teach you the seven proven steps that you're gonna want to follow in order to get your own Profitable three-on-three basketball league up and running in your community So check out the link below to sign up for one of my training sessions and I hope to see you inside Bye