Certain businesses fall into a segment that is harder to insure than a standard brick and mortar company, due to their unique loss exposures. These businesses need insurance coverage that responds to the most unusual or highest risks. Specialty lines insurance markets require focused underwriting knowledge and careful application review. They also involve strong claims advocacy, as several specialty business classes can be the most difficult and emotional to handle, especially for youth groups and non-profits that often involve children or other vulnerable individuals.

At Thayer-Innes Insurance Agency and Freeman Bunting Insurance Agency, we work with a number of companies to ensure that we find the best financial protection for a number of specialty industries including the ones listed below.

Health Clubs

According to the Centers for Disease Control (CDC), over 10,000 people are treated in the E.R. for sports, recreation, and exercise-related injuries per year. This could include anything from a bad muscle sprain to a heart attack. As such, it’s imperative that health clubs have the proper insurance coverage to financially protect themselves in the case of a lawsuit from the injured individual or their family. Common health club or gym risks include customer injury, equipment failure, and inexperienced personal trainers.

Due to the wide variety of risks faced by health clubs, we recommend the following policies:

  • General liability
  • Professional liability
  • Product liability
  • Employment practices liability
  • Property coverage
  • Business interruption
  • Equipment coverage
  • Cyber liability
  • Workers compensation

Depending on the nature of services provided by your health club, additional coverage may be necessary, possibly including commercial umbrella insurance for claims that could go beyond your policy limits. We will work with you to determine your specific needs.

Non-Profits

Non-profits are essential to the social core of our communities, working with the elderly, children, and other vulnerable populations. Though their business dealings are so specialized, non-profit owners often believe that the insurance coverage they need is minimal, or exclude certain policies because they don’t believe they can afford it with their limited budgets. However, insurance for non-profits in essential as the costs of legal claims could be detrimental to a business and its success. Common classes of insurable non-profits include:

  • Counseling centers
  • Group homes
  • Vocational/adult schools
  • And more

Our independent agents understand the unique and complex risks that come with the noble work provided by these organizations. In addition to workers compensation coverage for non-profit employees and volunteers, and general liability insurance, organizations should be equipped with:

  • Property insurance
  • Employee dishonesty & crime
  • Business auto insurance
  • Professional liability
  • Commercial Umbrella insurance

Non-profits may also find that they need an inland marine policy due to the equipment or resources they may have shipped to them, in addition to other policies. Our professional staff will review this all with you to determine your specific non-profit insurance needs.

Youth Recreation & Camps

Kids of all ages frequently enjoy youth recreation activities and camps. Whether the purpose of the program is for sports, church activities, adventure camps, education, or special needs, this class of business faces unique risks. In addition to ensuring the safety of program attendees, volunteers, and employees, as a director of this type of business you want to make sure you’re protected with the right insurance. The insurance policies typically necessary in a youth recreation or camp program include:

  • General liability
  • Property coverage
  • Professional liability/sexual abuse & molestation
  • Directors and officers insurance
  • Employment practices liability
  • Commercial auto insurance
  • Workers compensation
  • And more

Your Thayer-Innes or Freeman Bunting independent agent understands the quality and scope of insurance coverage required for this niche. We have access to multiple companies, including those that specialize in industry-specific type of insurance and programs.

Campgrounds

All business face liability exposures; this is no secret. However, outdoor operations require special consideration when it comes to insurance and risk management. Campground risks include many potential hazards, including zip-line accidents, drowning, hiking injuries and medical emergencies. In addition to the risk for injury to campers or employees, campgrounds face unique property risks, such as wildfires, flood, mudslides, wind, lightning, and more.

With that in mind, it is of course imperative that campgrounds are insured with a comprehensive property insurance policy. In addition, the following coverages are essential to a campground insurance program.

  • General liability
  • Professional liability/sexual abuse & molestation
  • Workers compensation
  • Business auto insurance
  • Flood insurance
  • Commercial Umbrella liability

Dance Schools

Dance schools or studios are often a very lucrative business venture, and many are privately owned. Though running a dance school could bring high financial rewards, it also exposes these types of business owners to special risks. Depending on the type of dance school you run, these loss exposures may differ. Typical insurable dance schools include those that offer instruction in ballet, tap dance, jazz, hip-hop, ballroom, yoga, fitness dance and more.

We will provide you with a program that includes the following necessary coverages:

  • General liability
  • Property & business interruption
  • Professional liability
  • Business auto insurance
  • Workers compensation

Ask your independent insurance agent about other special coverages you may need for your dance school, such as personal property coverage for dancers that may store their belongings in lockers or public areas of your studio.

Tree Trimmers

According to reports from the Occupational Health & Safety Association (OSHA) tree trimmers, often referred to as arborists, are subject to injury and sometimes even fatalities due to the very nature of the job. In addition to risking injury from tree branches or falling tree trunks, tree trimmers risk damaging surrounding property or injuring bystanders.

To protect against these risks, we provide a wide range of arborist professionals, including tree removal specialists, hardscaping professionals, tree pest management specialists and landscape gardening professionals, with comprehensive insurance programs. The following options are just some of the coverages we will discuss including in your program:

  • General liability
  • Professional liability
  • Property insurance
  • Equipment breakdown
  • Business interruption
  • Workers compensation

Our professionals will review your risk exposures and recommend policies that are the best fit and price for your needs.

Special Events

Whether your company organizes events for families, businesses or the community, a lot of planning and effort is involved to make sure it all goes off without a hitch. This planning must include investing in the right insurance program to ensure you’re financially protected from loss exposures. Unexpected scenarios may arise from events of any kind, whether it’s as simple as a small trip and fall accident at a wedding or as complex as someone being injured by machinery at a car show.

Insurance policies that are commonly necessary for special event venues include:

  • Event cancellation
  • Property
  • Coverage for rental property
  • General liability
  • Liquor liability
  • Business auto insurance
  • Workers compensation
  • Umbrella liability

Whether your organization hosts business dinners and meetings, private parties, fundraising and nonprofit functions, weddings or more, we are fully prepared to determine the specific coverages needed for your operation.

Personalized Assistance from an Agent You Trust

Thayer-Innes Insurance Agency and Freeman Bunting Insurance Agency, members of Trusted Choice, serve you more than just an insurance policy. For over 25 years, owner Cam Innes has offered clients customized options that best meet their needs. Our licensed professionals have been forming strong customer and community ties throughout Washtenaw County for decades, offering clients a choice of insurance plans and programs at top-value. Please give us a call at 734-662-4567, or fill out our free quote form above to learn more about our comprehensive products and services.