Coverage requirements

Online Wagering & Betting Platforms

Hospitality94% completeness
Run gap analysis

Last updated August 2026 · Maintained and reviewed by the Advocate Insurance Consultants coverage research team.

Overview

What an adequately protected Online Wagering & Betting Platforms program looks like

Online betting operations run websites that legally permit betting over the internet on actual or fantasy sports and a variety of online games, sometimes with live dealers. The business must follow strict government regulations, keep its platform running around the clock, and defend against cyber criminals, system damage, and breaches of confidentiality. It serves online gaming and wagering customers. This Advocate Standard profile benchmarks the coverages that matter most for online wagering & betting platforms, including Auto Liability, General Liability, Professional Liability, Worker's Compensation, Fidelity Bond, with limit, deductible, and carrier-quality standards set to protect the balance sheet.

Key takeaways

  • Spans 159 published requirements across 49 coverage type-peril pairs.
  • Applies to 2 asset types: Hospitality Operator, Hotel.
  • Covers 17 coverage types and 20 distinct perils.

At a glance

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Completion score

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9 of 49 WIM pairs required

Coverage tower

Required limits by coverage type and peril

Property9 coverage types

Fidelity Bond

Overall limit$100K

Business Income

Flood≥ Business Income Amount for Buildings in an SFHA
TRIA - Property≥ Business Income Amount
Earthquake≥ Business Income Amount
Named Storm≥ Business Income Amount
Water / Sewer Backup≥ Business Income Amount
Wildfire≥ Business Income Amount
Wind Hail≥ Business Income Amount
Overall limit≥ Business Income Amount

Physical

Flood≥ RCV / Insurable Value of First 2 Floors Above Grade + any Floors Below Grade of Buildings Located in an SFHA
TRIA - Property≥ RCV of Existing Structure / Insurable Value
Earthquake≥ RCV of Existing Structure / Insurable Value
Named Storm≥ RCV of Existing Structure / Insurable Value
Water / Sewer Backup≥ RCV of Existing Structure / Insurable Value
Wildfire≥ RCV of Existing Structure / Insurable Value
Wind Hail≥ RCV of Existing Structure / Insurable Value
Overall limit≥ RCV of Existing Structure / Insurable Value

Builder's Risk

Overall limit≥ RCV of Existing Structure / Insurable Value

Business Personal Property

Overall limit≥ RCV of Existing Structure / Insurable Value

Cyber Business Interruption

Ransomware / Cyber Extortion Property≥ 12-month System-Dependent Business Income Value
Overall limit≥ 12-month System-Dependent Business Income Value

Inland Marine

Fire≥ Value of Property in Care, Custody, or Control / Scheduled Inland Marine Value
Theft≥ Value of Property in Care, Custody, or Control / Scheduled Inland Marine Value
Water Damage≥ Value of Property in Care, Custody, or Control / Scheduled Inland Marine Value
Overall limit≥ Value of Property in Care, Custody, or Control / Scheduled Inland Marine Value

Limited Fungus

Overall limit$15K

Ordinance or Law

Earthquake≥ RCV of Existing Structure / Insurable Value
Flood≥ RCV of Existing Structure / Insurable Value
Named Storm≥ RCV of Existing Structure / Insurable Value
Wind Hail≥ RCV of Existing Structure / Insurable Value
Overall limit≥ RCV of Existing Structure / Insurable Value
Liability8 coverage types

Professional Liability

Medical Malpractice$1M
Professional Errors & Omissions$5M
Overall limit$6M

Auto Liability

Hired & Non-Owned Auto$5M
Owned Auto$5M
Overall limit$5M

Cyber Liability

Network Security Liability$2M
Privacy Liability$2M
Ransomware / Cyber Extortion$2M
Overall limit$2M

Disability Liability

Overall limit$2M

Employer's Liability

Overall limit$2M

Worker's Compensation

Overall limit$500K

General Liability

Overall limit$2M
Assault & Battery$5M

Terrorism Liability

TRIA - Liability$2M
Overall limit$2M

Requirements

Full requirement set for Online Wagering & Betting Platforms

Every requirement in the Advocate standard, 159 rows across limits, deductibles, carrier rating, and presence checks. Search and filter to drill in.

Group
Type
Peril

Showing 50 of 159 matching · 159 total

RequirementPerilRequirement typeApplicabilityRequirement
Property › Builder's RiskAcceptable Blanket Builder's Risk DeductibleOverallDeductibleBlanketBlanket Builder's Risk deductible must not exceed $50,000.
Property › Business IncomeAcceptable Blanket Business Income DeductibleOverallDeductibleBlanketBlanket Business Income deductible must not exceed $50,000.
Property › Business IncomeAcceptable Blanket Business Income Earthquake DeductibleEarthquakeDeductibleBlanketBlanket Business Income Earthquake deductible must not exceed 10% of the insured value.
Property › Business IncomeAcceptable Blanket Business Income Named Storm DeductibleNamed StormDeductibleBlanketBlanket Business Income Named Storm deductible must not exceed 5% of the insured value.
Property › Business IncomeAcceptable Blanket Business Income Wind Hail DeductibleWind HailDeductibleBlanketBlanket Business Income Wind Hail deductible must not exceed 5% of the insured value.
Property › Business Personal PropertyAcceptable Blanket Business Personal Property DeductibleOverallDeductibleBlanketBlanket Business Personal Property deductible must not exceed $50,000.
Property › Cyber Business InterruptionAcceptable Blanket Cyber Business Interruption DeductibleOverallDeductibleBlanketBlanket Cyber Business Interruption deductible must not exceed $50,000.
Property › Inland MarineAcceptable Blanket Inland Marine DeductibleOverallDeductibleBlanketBlanket Inland Marine deductible must not exceed $50,000.
Property › Limited FungusAcceptable Blanket Limited Fungus DeductibleOverallDeductibleBlanketBlanket Limited Fungus deductible must not exceed $50,000.
Property › Ordinance or LawAcceptable Blanket Ordinance or Law DeductibleOverallDeductibleBlanketOrdinance or Law deductible must not exceed $50,000.
Property › PhysicalAcceptable Blanket Physical DeductibleOverallDeductibleBlanketBlanket Physical deductible must not exceed $50,000.
Property › PhysicalAcceptable Blanket Physical Earthquake DeductibleEarthquakeDeductibleBlanketBlanket Physical Earthquake deductible must not exceed 10% of the insured value.
Property › PhysicalAcceptable Blanket Physical Named Storm DeductibleNamed StormDeductibleBlanketBlanket Physical Named Storm deductible must not exceed 5% of the insured value.
Property › PhysicalAcceptable Blanket Physical Wind Hail DeductibleWind HailDeductibleBlanketBlanket Physical Wind Hail deductible must not exceed 5% of the insured value.
Property › Builder's RiskAcceptable Scheduled Builder's Risk DeductibleOverallDeductibleScheduledScheduled Builder's Risk deductible must not exceed $50,000.
Property › Business IncomeAcceptable Scheduled Business Income DeductibleOverallDeductibleScheduledScheduled Business Income deductible must not exceed $50,000.
Property › Business IncomeAcceptable Scheduled Business Income Earthquake DeductibleEarthquakeDeductibleScheduledScheduled Business Income Earthquake deductible must not exceed 10% of the insured value.
Property › Business IncomeAcceptable Scheduled Business Income Named Storm DeductibleNamed StormDeductibleScheduledScheduled Business Income Named Storm deductible must not exceed 5% of the insured value.
Property › Business IncomeAcceptable Scheduled Business Income Wind Hail DeductibleWind HailDeductibleScheduledScheduled Business Income Wind Hail deductible must not exceed 5% of the insured value.
Property › Business Personal PropertyAcceptable Scheduled Business Personal Property DeductibleOverallDeductibleScheduledScheduled Business Personal Property deductible must not exceed $50,000.
Property › Cyber Business InterruptionAcceptable Scheduled Cyber Business Interruption DeductibleOverallDeductibleScheduledScheduled Cyber Business Interruption deductible must not exceed $50,000.
Property › Inland MarineAcceptable Scheduled Inland Marine DeductibleOverallDeductibleScheduledScheduled Inland Marine deductible must not exceed $50,000.
Property › Limited FungusAcceptable Scheduled Limited Fungus DeductibleOverallDeductibleScheduledScheduled Limited Fungus deductible must not exceed $50,000.
Property › Ordinance or LawAcceptable Scheduled Ordinance or Law DeductibleOverallDeductibleScheduledOrdinance or Law deductible must not exceed $50,000.
Property › PhysicalAcceptable Scheduled Physical DeductibleOverallDeductibleScheduledScheduled Physical deductible must not exceed $50,000.
Property › PhysicalAcceptable Scheduled Physical Earthquake DeductibleEarthquakeDeductibleScheduledScheduled Physical Earthquake deductible must not exceed 10% of the insured value.
Property › PhysicalAcceptable Scheduled Physical Named Storm DeductibleNamed StormDeductibleScheduledScheduled Physical Named Storm deductible must not exceed 5% of the insured value.
Property › PhysicalAcceptable Scheduled Physical Wind Hail DeductibleWind HailDeductibleScheduledScheduled Physical Wind Hail deductible must not exceed 5% of the insured value.
General › AllDo Not Allow Premium FinancingOverallOtherAllPremium-financed insurance is not accepted.
General › AllDo Not Allow Premium FinancingOverallOtherAllPremium-financed insurance is not accepted.
General › AllInsurance Carrier RatingOverallCarrier RatingAllCarrier must have AM Best rating >= A- and size >= VII.
General › AllInsurance Carrier RatingOverallCarrier RatingAllCarrier must have an AM Best Rating that meets the required Letter and Financial Size ratings.
Liability › Professional LiabilityMedical Malpractice Required for Care FacilitiesMedical MalpracticeLimitAllFacilities offering care or healthcare must carry Medical Malpractice of at least $1,000,000.
Liability › Worker's CompensationStatutory Workers Compensation ConfirmedOverallOtherAllWorkers Compensation must be at statutory limits with Employers Liability.
Liability › Auto LiabilitySufficient Auto Liability - Hired & Non-Owned Auto Excess/Umbrella LimitHired & Non-Owned AutoLimitAllHired & Non-Owned Auto excess/umbrella sublimit must be at least $5,000,000.
Liability › Auto LiabilitySufficient Auto Liability - Hired & Non-Owned Auto LimitHired & Non-Owned AutoLimitAllHired & Non-Owned Auto sublimit must be at least $1,000,000.
Liability › Auto LiabilitySufficient Auto Liability - Owned Auto Excess/Umbrella LimitOwned AutoLimitAllOwned Auto excess/umbrella sublimit must be at least $5,000,000.
Liability › Auto LiabilitySufficient Auto Liability - Owned Auto LimitOwned AutoLimitAllOwned Auto sublimit must be at least $1,000,000.
Liability › Auto LiabilitySufficient Auto Liability Excess/Umbrella LimitOverallLimitAllAuto Liability must carry an excess/umbrella limit of at least $5,000,000.
Liability › Auto LiabilitySufficient Auto Liability LimitOverallLimitAllAuto Liability must carry a combined single limit of at least $1,000,000.
Property › Builder's RiskSufficient Blanket Builder's Risk LimitOverallLimitBlanketBlanket Builder's Risk limit must be at least the RCV / insurable value.
Property › Business IncomeSufficient Blanket Business Income - Certified Acts of Terrorism LimitTRIA - PropertyLimitBlanketBlanket Business Income (Certified Acts of Terrorism) limit must be at least the 12-month business income value.
Property › Business IncomeSufficient Blanket Business Income - Earthquake LimitEarthquakeLimitBlanketBlanket Business Income (Earthquake) limit must be at least the 12-month business income value.
Property › Business IncomeSufficient Blanket Business Income - Named Storm LimitNamed StormLimitBlanketBlanket Business Income (Named Storm) limit must be at least the 12-month business income value.
Property › Business IncomeSufficient Blanket Business Income - Water / Sewer Backup LimitWater / Sewer BackupLimitBlanketBlanket Business Income (Water / Sewer Backup) limit must be at least the 12-month business income value.
Property › Business IncomeSufficient Blanket Business Income - Wildfire LimitWildfireLimitBlanketBlanket Business Income (Wildfire) limit must be at least the 12-month business income value.
Property › Business IncomeSufficient Blanket Business Income - Wind Hail LimitWind HailLimitBlanketBlanket Business Income (Wind Hail) limit must be at least the 12-month business income value.
Property › Business IncomeSufficient Blanket Business Income LimitOverallLimitBlanketBlanket Business Income limit must be at least the 12-month business income value.
Property › Business Personal PropertySufficient Blanket Business Personal Property LimitOverallLimitBlanketBlanket Business Personal Property limit must be at least the RCV / insurable value.
Property › Cyber Business InterruptionSufficient Blanket Cyber Business Interruption - Ransomware / Cyber Extortion LimitRansomware / Cyber Extortion PropertyLimitBlanketBlanket Cyber Business Interruption (Ransomware / Cyber Extortion) limit must be at least the 12-month System-Dependent Business Income Value.

109 more requirements

Compliance

Who requires Online Wagering & Betting Platforms

  • Online wagering and betting platform insurance is relied upon by state gaming commissions and regulators that condition licenses on evidence of financial responsibility, cyber controls, and anti-money-laundering safeguards.
  • Payment processors and banking partners verify coverage before enabling deposits and payouts, while investors and private-equity backers treat cyber and professional liability limits as due-diligence checkpoints.
  • Technology vendors and white-label platform providers request certificates naming them as additional insureds.
  • Landlords leasing data-center and office space, brokers structuring the tower, and reinsurers supporting cyber capacity all lean on the coverage.
  • Because betting platforms hold sensitive customer data and process high transaction volumes around the clock, carriers and regulators expect network security, privacy liability, and fidelity protection to be demonstrably in force.

Carrier standard. Carrier must have AM Best rating >= A- and size >= VII.

Advocate runs these checks automatically for the brokers who place hospitality coverage.

Exclusions

What Online Wagering & Betting Platforms does not cover

  • Online betting platform insurance does not function as a blanket guarantee.
  • Standard general liability forms exclude professional wrongful acts, network and privacy events, and dishonest employee conduct, which is why professional liability, cyber liability, and a fidelity bond appear as distinct coverages.
  • Regulatory fines, penalties, and license-revocation costs are generally uninsurable, and coverage will not respond to wagering losses, chargebacks, or fraudulent transactions absent specific crime endorsements.
  • Bodily injury and physical damage tied to owned real estate fall outside this internet-first program.
  • Prior known acts, intentional violations of gaming law, and unlicensed operation in a jurisdiction are typically carved out.
  • Bookings placed in territories where the platform lacks authorization may void response entirely.

Risk advisory

Typical coverage gaps in Hospitality

Online wagering platforms most often underinsure the cyber tower relative to their transaction volume.

  • Ransomware, distributed denial-of-service attacks, and account-takeover fraud can halt a 24/7 sportsbook for days, so pair cyber liability with cyber business interruption and reconcile waiting periods against realistic downtime.
  • Confirm privacy and network security liability limits track the size of the customer database, since regulators impose breach-notification duties.
  • A fidelity bond is essential given the cash-equivalent balances handled by staff; align limits with peak-hold amounts.
  • Do not assume professional liability answers for platform defects that mislead bettors; verify technology errors and omissions is embedded.
  • Because gaming law varies by state, maintain proof of licensure everywhere wagers are accepted and confirm no exclusion voids coverage for permitted jurisdictions.
  • Finally, benchmark limits against payout obligations rather than premises size.

FAQ

Frequently asked questions

What insurance do online betting platforms need?

Online betting platforms need cyber liability, professional (technology errors and omissions) liability, general liability, workers' compensation, and a fidelity bond at minimum. Because these operators process payments continuously and store player data, cyber business interruption and privacy liability are central. Auto liability applies to any owned or hired vehicles, and crime coverage protects cash-equivalent balances.

Does general liability cover data breaches for online gaming operators?

No. General liability for online gaming operators excludes network security and privacy events, so a standalone cyber liability policy is required to respond to breaches, ransomware, and regulatory notification costs. Cyber business interruption then covers lost revenue when the platform is forced offline, a real exposure for round-the-clock wagering sites.

Why do online wagering platforms need professional liability?

Professional liability, often written as technology errors and omissions, responds when a platform defect, mispriced odds, or settlement error causes financial harm to bettors or partners. General liability excludes these professional wrongful acts, leaving a gap that only professional liability closes for online wagering platforms handling high-stakes transactions.

Are regulatory fines covered by online betting insurance?

Generally no. Fines, penalties, and the cost of a revoked gaming license are typically uninsurable for online betting operators. Insurance responds to third-party claims, breaches, and covered losses, but maintaining licensure, anti-money-laundering controls, and jurisdiction-by-jurisdiction compliance remains the operator's responsibility and a condition of coverage.

Maintained by

About this coverage standard

This profile is maintained by the Advocate Insurance Consultants coverage research team, which maintains the Coverage Library benchmarks against the World Insurance Model taxonomy and reviews each standard against live market placements. It is general guidance, not legal or coverage advice. Verify requirements against the actual policy and contract.

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