Go Karting can take place as both an indoor or an outdoor activity and from an insurance point of view, the main difference would be for the provision of Building Insurance when the activity takes place inside.
However, go-karts need a place of storage and also an area to carry out general maintenance and repairs, which would normally be undertaken within the security of a closed building or garage. With this in mind, the Operator can choose the range of insurances that would apply to their particular venture.
Types of Insurance Policies
Building and Contents
The first risk that any operator needs to consider, is the possible loss to the building where the activity is located, coupled with damage to Machinery, Plant and All Other Contents. This should include damage resulting from Fire but should be extended to include other perils such as Storm, Flood and even Accidental Damage.
Similarly, all the contents within the building, be they associated with the building, such as heating units, electrical distribution switchgear, bathrooms, toilets and showers as well as the likes of other contents, such as carpets, light fittings, office equipment, activity equipment, bar or coffee shop and kitchen fittings, should be included.
Employers’ Liability
This form of insurance protects the Owner/Operator against any liabilities for which they may be responsible towards Employees during the course of operating the business. This would extend to include all types of Employees such as: –
- Coursemarshalls
- Catering, Retail and Maintenance Staff
- Clerical and Reception Staff
Public liability
This insurance will indemnify the Owner/Operator for their legal liabilities and defence should a member of the public be injured or incur damage whilst visiting the premises.
Since a Go-Karting track is by definition, open to the general public, this form of insurance is provided more as a compulsion rather than an option.
Business Interruption or Lost Profits
Sometimes a business is forced to close completely or restrict trading operations following damage of an insurable peril, such as a Fire or Flood. This results in a loss of income to the business and so this type of insurance will assist in replacing any lost profits during the aftermath of the event and assist the business to get back to a fully operational status.
Conclusion
This is a brief overview of some of the Go Karting insurance coverages recommended for any business operating within the Leisure Industry. However, as previously mentioned, each Go-Karting Centre will require a different combination of the insurances and by consulting a suitably experienced Insurance Broker, the Owner/Operator can be confident that the correct cover, at the right price, will be put in place.