Insurance Program Results
New Capacity in Event Coverage
A handful of insurers will revise special event policies during the next few months amid the entrance of two new markets. This relatively stable segment combines low claims frequency and severity with only a high-severity event — such as the hot air balloon accident at a Virginia festival earlier this month — likely to trigger changes to pricing.
Any changes would usually be specific to the type of event that resulted in any losses. Even with new exposures, including growing events such as mud runs and Pickleball, most carriers don’t see the need to revise forms or adjust rates. (5-19-14)
Special Events
Administered By: Philadelphia Insurance
Distribution: Carrier Direct
Industries: |
Events and Event Planners, Sports/Entertainment Risks |
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Carriers: Philadelphia Insurance Co.
Coverage: Abuse & Molestation Liability, Commercial Auto, Excess, General Liability, Liquor Liability, Participant Accident, Special Events, Umbrella/Excess
Limits: up to $1 million/$3 million (General Liability)
Special Events
Administered By: Philadelphia Insurance
Distribution: Carrier Direct
Industries: |
Camps (Youth, Sports & Enrichment), Events and Event Planners, Private Events |
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Carriers: Philadelphia Insurance Co.
Coverage: Abuse & Molestation Liability, Bodily/Personal Injury, Commercial Auto, Commercial Auto (Hired & Non-Owned), General Liability, Liquor Liability, Premises Liability, Umbrella/Excess
Limits: up to $1 million/$3 million (General Liability )
Special Events Insurance
Administered By: PPIB
Distribution: MGU
Industries: |
Events and Event Planners, Private Events |
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Carriers: Lloyd's of London
Coverage: General Liability, Liquor Liability, Special Event Accident Coverage , Special Events
Limits: up to - $2 million (Commercial General Liability), $250 - Minimum Premium
Concert Promoters/Event Planners
Administered By: K&K Insurance
Distribution: MGU
Industries: |
Artisan & Trade Contractors, Events and Event Planners |
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Carriers: AIG
Coverage: Business Personal Property/Business, Cancellation/Postponement , Commercial Auto, Crime, Excess, Garage Liability, Inland Marine
Limits: up to Contact Underwriting
Event Planners Choice
Administered By: Markel
Distribution: Direct/Broker
Industries: |
Events and Event Planners |
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Carriers: Markel Corp.
Coverage: Commercial Property, Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $1 million/$2 million (General liability)
Fairs & Fairgrounds
Administered By: K&K Insurance
Distribution: MGU
Industries: |
Amusement Parks, Events and Event Planners, Groups & Clubs |
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Carriers: Nationwide Mutual Insurance Co.
Coverage: Business Personal Property/Business, Cancellation/Postponement , Commercial Auto, Crime, D&O: Miscellaneous , Excess, General Liability, Inland Marine, Workers' Compensation
Limits:
Festivals
Administered By: K&K Insurance
Distribution: MGU
Industries: |
Events and Event Planners |
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Carriers: Nationwide Mutual Insurance Co.
Coverage: Business Personal Property/Business, Cancellation/Postponement , Commercial Auto, Crime, E&O, Excess, General Liability, Inland Marine, Workers' Compensation
Limits: up to Contact Underwriting
Fun Pro
Administered By: Markel
Distribution: Direct/Broker
Industries: |
Events and Event Planners |
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Carriers: Markel Corp.
Coverage: Accident & Health, Agricultural Aircraft Liability , Commercial Property, Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: $2 million (occurence) - $4 million (aggregate) (General Liability Available If Required by Contract), $2 million (occurence) - $2 million (aggregate) (General Liability in Texas for Mechanicals), $1 million (occurence) - $2 million (aggregate) (Enhanced General Liability)
Media & Marketing E&O
Administered By: CapSpecialty
Distribution: MGU
Industries: |
Advertising/Printers/Authors, Events and Event Planners, Graphic Designers, Marketing & Advertising (Online), Public Relations |
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Carriers: Capitol Specialty Insurance Corp.
Coverage: Errors & Omissions (E&O)
Limits: up to $5 million
Short-term Special Events
Administered By: K&K Insurance
Distribution: MGU
Industries: |
Events and Event Planners |
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Carriers: Nationwide Mutual Insurance Co.
Coverage: General Liability, Liquor Liability, Medical Expenses
Limits: up to $5 million
Special Events
Administered By: K&K Insurance
Distribution: MGU
Industries: |
Events and Event Planners |
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Carriers: Nationwide Mutual Insurance Co.
Coverage: Business Personal Property/Business, Cancellation/Postponement , Commercial Auto, Crime, D&O: Miscellaneous , Employment Practices Liability (EPL), Excess, General Liability, Inland Marine
Limits: up to Contact Underwriting
Live Events
Administered By: ProSight Specialty Insurance
Distribution: Carrier Direct
Industries: |
Events and Event Planners, Private Events |
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Carriers: ProSight Specialty Insurance Group
Coverage: Blanket Limit, Equipment Breakdown, Bodily/Personal Injury, Completed Operations, General Liability, Property, Special Event Accident Coverage , Special Events
Limits: Call - for Limits
Nightlife
Administered By: ProSight Specialty Insurance
Distribution: Carrier Direct
Industries: |
Adult Clubs (Gentlemen's/Strip Clubs), Events and Event Planners, Private Events |
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Carriers: ProSight Specialty Insurance Group
Coverage: Assault & Battery, General Liability, Liquor Liability, Umbrella/Excess
Limits: Call - for Limits
Concert/Event Promoters
Administered By: American Specialty
Distribution: Program Administrator
Industries: |
Events and Event Planners, Stage Risks |
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Carriers: XL Insurance Co.
Coverage: Commercial Auto, Commercial Property, Crime, Employee Benefits Liability, Excess, General Liability, Liquor Liability, Medical Expenses, Umbrella/Excess
Limits:
Event Cancellation Insurance
Administered By: HCC Specialty
Distribution: Direct/Broker
Industries: |
Events and Event Planners, Sports Facilities, Stage Risks |
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Carriers: AIG, HCC, Lloyd's of London
Coverage: Special Events
Limits: up to $85 million (In-house capacity)
Excess Casualty
Administered By: James River Insurance Co.
Distribution: MGA
Industries: |
Contractors, Distribution Risks, Equipment Rentals, Events and Event Planners, Habitational, Manufacturers/Manufacturing Risks, Restaurants, Retail |
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Carriers: James River Insurance Co.
Coverage: Excess
Limits: up to $10 million (Occurrence or Claims Made, Prior Acts Available)
Festivals
Administered By: American Specialty
Distribution: Program Administrator
Industries: |
Events and Event Planners, Stage Risks |
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Carriers: XL Insurance Co.
Coverage: Commercial Auto, Commercial Property, Crime, Employee Benefits Liability, Excess, General Liability, Liquor Liability, Umbrella/Excess
Limits:
Miscellaneous Errors & Omissions
Administered By: NAS Insurance Services
Distribution: MGA
Industries: |
Advertising/Printers/Authors, Answering Services, Arbitrators & Mediators, Auctioneers, Auto/Car Dealerships, Back Office Services, Commercial Real Estate Manager/Director, Consultants/Consulting Risks, Court Reporting, Disaster Recovery, Employment Practices, Events and Event Planners, Executive Coaches/Mentors, Farm/Ranch/Agribusiness, Graphic Designers, Interior Designers, Landscape Design/Landscaping/Lawn Service, Miscellaneous Risks, Mortuary/Funeral Services/Directors, Notary Public, Research/Research Organizations (Clinical, Etc.), Security/Investigation/Alarm Systems, Tax Preparers, Training & Certification, Translation Services, Travel Agencies/Tour Operators, Witness Services |
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Carriers: Lloyd's of London
Coverage: Employment Practices Liability (EPL), Errors & Omissions (E&O)
Limits: up to $5 million
Special Events
Administered By: American Specialty
Distribution: Program Administrator
Industries: |
Events and Event Planners, Stage Risks |
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Carriers: XL Insurance Co.
Coverage: Commercial Auto, Commercial Property, Excess, General Liability, Inland Marine, Umbrella/Excess
Limits:
Specialty Casualty - Special Events
Administered By: Riverport Insurance Co.
Distribution: Direct/Broker
Industries: |
Events and Event Planners, Private Events |
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Carriers: W.R. Berkley Corp.
Coverage: Casualty, Completed Operations, General Liability, Property & Casualty , Property Damage
Limits: up to $1 million (Commercial General Liability per occurrence.), up to $3 million (Aggregate)