Before you build your rink, you may want to learn whether your liability insurance will offer protection in the event of an accident. Look over the exclusions in your policy or check with your agent to find out if your rink is covered.

You'll also want to go over the specifics of your policy to understand how much coverage you have in place.

For instance, do you know your liability limits? Liability coverage, which is part of a typical homeowners policy, helps protect you if someone is hurt on your property or if you cause damage to someone else's property. But the protection typically only goes up to the limits stated on your policy.

You can talk with your insurance provider about boosting those limits. According to the Insurance Information Institute, most policies start with a $100,000 minimum. Or, you might feel more comfortable with a personal umbrella policy, a separate policy that kicks in once the liability limits on your underlying homeowners insurance have been exhausted.