Insurance
Insurance Liability for Customers:
Fastlane Raceway has worked closely with its insurance provider during kart and track development to insure safe karts, track, and operation policies. Fastlane Raceway’s insurance provider has fourteen years experience in the amusement industry and writes over 600 industry related policies each year. More specifically the insurance provider also has a vast experience with portable race kart tracks. They provide insurance policies for nearly 15 portable tracks that operate year around in the southern states. Never once has any one of the tracks every claimed an injury. The provider attributes the 100% incident free tracks to their portable design. Due to owners close involvement with actually track operations, the tracks operate at the highest safety level accident free. Never are teenagers with little experience put in charge of track operations and safety. Similar to existing portable tracks, Fastlane Raceway will always have owners in charge of track operation, insuring all operating procedures are followed, all rules are obeyed, and all kart and track safeguards are in place.
Standard operating policies of Fastlane Raceway require that property owners and event organizers are added to its insurance policy as additional insurers. As named policyholders, all involved parties are legally covered from all liability issues regarding the track. This protects all parties in the event that an injury occurs during track operations. After a date has been set for the karting event, the involved parties are added to the policy and receive a written contract and proof of insurance. The policy covers up to 1 million dollars in liability insurance.
To protect sponsors from liability issues, Fastlane Raceway requires all sponsors to sign a written contract. The contract is a release of liability from all track operations and states that the sponsor does not endorse race kart track operations. In addition, Fastlane Raceway’s insurance policy covers all liability issues regarding the race karts and track and therefore protects against all claims that could be filled in the event of an injury.
The final safeguard Fastlane Raceway has in place to protect involved parties is a 'release of liability' waiver. It requires all racers to read and sign the waiver before driving the karts. The waiver explains the inherent risks involved with karting and states all track rules. The waiver protects all parties against liability claims due to injury resulting from breaking track rules or improper track conduct.
In summary Fastlane Raceway Inc. offers protection against insurance claims for it's customers by added them as an additional insurer on Fast Lane Raceway’s insurance policy, by a release of endorsement contract for its sponsors, and by requiring all drivers to read and sign a release of liability waiver.
