What is a significant benefit of having property insurance for sports facilities?

Having property insurance for sports facilities primarily offers protection for the physical assets and structures of the facility. This type of insurance is designed to cover a variety of risks that can impact the physical property, including damage from fire, theft, vandalism, or natural disasters.

By safeguarding the facility's infrastructure, property insurance helps ensure that the venue can maintain its operations and continue to serve the community and its stakeholders even after unforeseen incidents. The financial backing provided by this insurance means that repair or rebuilding costs are partially or fully covered, allowing for a more swift recovery process. This is crucial for maintaining the facility's usability and profitability, as significant disruptions due to property damage can lead to financial losses and a reduced ability to host events.

The other options do not accurately reflect the primary purpose of property insurance. Personal injuries of attendees typically fall under liability insurance, while legal defense for lawsuits and employee health benefits are covered by different types of insurance or benefits plans that are not included under property insurance.