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Insurance for Racing Simulator Events: What You Need

Do you need insurance for a simulator event? Learn about liability coverage, vendor requirements, and how SimsForHire handles insurance for clients.

November 12, 2025 · SimsForHire Team · 5 min read
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Industry Perspective

Do you need insurance for a simulator event? Learn about liability coverage, vendor requirements, and how SimsForHire handles insurance for clients. The racing simulator industry is evolving rapidly, and SimsForHire is at the forefront of this growth in South Florida.

What's Driving the Trend

Several factors are converging to accelerate growth in the simulator industry. Formula 1's mainstream popularity — fueled by Netflix's Drive to Survive and the Miami Grand Prix — has created unprecedented public interest in racing. At the same time, simulator hardware has reached a quality level where the experience genuinely impresses, creating word-of-mouth momentum.

On the business side, corporate event planners are moving away from tired entertainment options toward experiential formats. Racing simulators offer measurable engagement (leaderboard data), natural competition (everyone wants to be fastest), and social media shareability (everyone films their session).

Key Data Points

Implications for Businesses

For venues, hotels, and entertainment businesses, the trend creates an opportunity: permanent simulator installations are becoming profit centers. A full-motion simulator starting at $17,500 (installed) can generate revenue through per-session charges, event bookings, and increased foot traffic.

For event planners and brand managers, simulators are no longer a novelty — they're an expected option. The question is no longer "should we have a simulator?" but "which experience should we choose?"

SimsForHire: Rent or Buy

We rent professional simulators for events and sell them for permanent installation. Non-motion rigs from $8,000. Full-motion installed from $17,500. Delivered within 150 miles of Miami. Our sister company Shift Arcade operates a walk-in arcade in Miami. Call (754) 228-5654 or inquire online.

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