Motorsports Insurance

Big I Best Practices Agency 2022

Protecting Your Passion for Speed

We understand that motorsports is more than a hobby—it’s a passion, a business, and a way of life. Whether you are managing a high-octane racetrack or running a professional race team, the thrill of the track comes with unique risks. That is why we offer specialized motorsports insurance tailored to protect your investment and keep the focus where it belongs: on winning.

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We provide a wide range of insurance solutions designed specifically for the motorsports industry.

Comprehensive Coverage Options

Racetrack Insurance

Operating a racetrack involves significant risk, from on-track incidents to spectator injuries. Our policies can include:

  • General Liability Insurance: Protection against claims for bodily
    injury,
    property damage, or advertising liability.
  • Property Insurance: Coverage for grandstands, equipment, and facilities.
  • Participant Accident Insurance: Financial protection for drivers and
    crew
    members in case of injury.
  • Event Cancellation Insurance: Reimbursement for lost revenue due to
    weather
    or other unforeseen circumstances.
  • Workers’ Compensation Insurance: Coverage for employees injured while
    performing their duties at the track.
  • Bond Insurance: Assurance for regulatory compliance or contractual obligations, giving
    peace of mind to stakeholders.

Race Team Insurance

For teams competing at any level, ensuring your equipment and personnel are protected is crucial. Coverage options can include:

  • Vehicle and Equipment Insurance: Protection for race cars, transporters,
    tools, and spare parts.
  • Crew Member Health Insurance: Medical coverage tailored to the risks
    faced
    by pit crews and team members.
  • Liability Insurance: Coverage for on-track and off-track incidents
    involving
    your team.
  • Sponsorship Liability Insurance: Protects your sponsorship agreements from potential
    claims
    or losses.
  • Workers’ Compensation Insurance: Ensures team members are covered in the
    event of workplace injuries.
  • Bond Insurance: Provides financial assurance for performance contracts
    or
    legal requirements.

Special Event Insurance

Hosting a race or motorsport event? Ensure your event is covered with policies for:

  • Spectator liability
  • Vendor and contractor coverage
  • Prize indemnity insurance
  • Workers’ Compensation Insurance: Protection for event staff and contractors.
  • Bond Insurance: Security for event-related financial guarantees or legal commitments.

Call Us At (856) 678-6020

Our team has years of experience working with racetracks, teams, and event organizers. We understand the unique challenges you face and design policies to fit your specific needs. Do not leave your motorsports venture unprotected. Contact us today for a free consultation and quote. Together, we will build a custom insurance plan that keeps your racetrack or team safe, so you can focus on the finish line.

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Fill out the form below, and we’ll be in touch. We look forward to hearing from you!

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