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)
Specialty Event Liability
Administered By: HCC Specialty
Distribution: Direct/Broker
| Industries: |
Events and Event Planners, Film Risks, Stage Risks, Youth Sports |
|---|
Carriers: AIG, HCC
Coverage: Special Events, Third-Party Liability
Limits: up to $11,000,000
Sports & Entertainment
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Arboretums/Aquariums/Botanical Gardens/Zoos, Bowling Centers, Campgrounds/RV Parks, Camps (Youth, Sports & Enrichment), Casinos, Events and Event Planners, Golf Courses/Country Clubs, Motorsports, Sports Facilities, Sports/Entertainment Risks |
|---|
Carriers: James River Insurance Co.
Coverage: Excess, General Liability
Limits: up to $1 million
Weather Insurance
Administered By: HCC Specialty
Distribution: Direct/Broker
| Industries: |
Events and Event Planners, Retail |
|---|
Carriers: Commerce and Industry Insurance Co., HCC
Coverage: Wrongful Acts
Limits: up to $5,000,000 (Liability)
Annual Events
Administered By: Abacus Insurance Brokers
Distribution: MGA
| Industries: |
Events and Event Planners, Workers Compensation |
|---|
Carriers: ACE American Insurance Co., ACE USA
Coverage: Accident & Health, Commercial Auto, Excess, General Liability, Inland Marine, Umbrella/Excess, Workers' Compensation
Limits: up to $7 Million (Excess (Aggregate))
Entertainment Insurance
Administered By: Allianz Global Corp. & Specialty
Distribution: Direct/Broker
| Industries: |
Advertising/Printers/Authors, Events and Event Planners, Film Risks, Performers/Entertainers, Private Events |
|---|
Carriers: Allianz Global Corp. & Specialty
Coverage: Accidental Death & Dismemberment, Auto Liability , Blanket Limit, Equipment Breakdown, Bodily/Personal Injury, Completed Operations, Employee Benefits Liability, Environmental/Pollution Liability, General Liability, Liability Insurance, Participant Accident, Workers' Compensation
Limits: Call - For Limits
Event Cancellation
Administered By: Abacus Insurance Brokers
Distribution: MGA
| Industries: |
Events and Event Planners |
|---|
Carriers: ACE American Insurance Co., ACE USA
Coverage: Business Income/Extra Expense, Property
Limits: up to $250,000 (CSL)
Foreign Event
Administered By: Abacus Insurance Brokers
Distribution: MGA
| Industries: |
Events and Event Planners |
|---|
Carriers: ACE American Insurance Co., ACE USA
Coverage: Commercial Auto, Excess, General Liability, Inland Marine, Umbrella/Excess
Limits: up to $5 Million (Automobile Liability/Automobile Physical Damage), up to $5 Million (Subornation Limits )
Live/Stage Entertainment
Administered By: OneBeacon Insurance Group
Distribution: Carrier Direct
| Industries: |
Amusement Parks, Events and Event Planners, Stage Risks |
|---|
Carriers: OneBeacon Insurance Co.
Coverage: Crime, Errors & Omissions (E&O), Excess, General Liability, Liquor Liability, Umbrella/Excess, Weather Insurance
Limits:
Promoters
Administered By: Abacus Insurance Brokers
Distribution: MGA
| Industries: |
Events and Event Planners |
|---|
Carriers: North American Specialty Insurance Co.
Coverage: Excess, General Liability, Inland Marine, Umbrella/Excess
Limits: up to $10 Million (Excess)
Rent-ItGuard
Administered By: Willis Programs
Distribution: Program Administrator
| Industries: |
Events and Event Planners |
|---|
Carriers: AIG
Coverage: Commercial Auto, Crime, Employment Practices Liability (EPL), Excess, General Liability, Inland Marine, Property, Umbrella/Excess
Limits: - - - (Property, business income and crime per schedule.), up to $1 million/$2 million (General liability), up to $5 million (Umbrella), - - - (EPLI various limit options are available. )
Special Events
Administered By: Abacus Insurance Brokers
Distribution: MGA
| Industries: |
Commercial Auto (Parking/Valet Services), Events and Event Planners, Workers Compensation |
|---|
Carriers: Travelers Cos.
Coverage: Accident & Health, Commercial Auto, Excess, General Liability, Inland Marine, Umbrella/Excess, Workers' Compensation
Limits: up to $7 Million (Excess limits ($6 Million occurrence /$7 Million aggregate) )
Travelers Entertainment
Administered By: Travelers Indemnity Co.
Distribution: Carrier Direct
| Industries: |
Events and Event Planners, Film Risks, Stage Risks |
|---|
Carriers: Travelers Indemnity Co.
Coverage: Commercial Auto, Errors & Omissions (E&O), Excess, General Liability, Inland Marine, Property, Umbrella/Excess, Workers' Compensation
Limits:
Vendors & Exhibitors
Administered By: Abacus Insurance Brokers
Distribution: MGA
| Industries: |
Events and Event Planners, Workers Compensation |
|---|
Carriers: North American Specialty Insurance Co.
Coverage: Commercial Auto, Excess, General Liability, Inland Marine, Umbrella/Excess, Workers' Compensation
Limits: up to $10 Million (Liability ), up to $10 Million (Excess ), up to $5 Million (Equipment ), up to $7 Million (Workers Compensation ($6 Million occurrence/ $7 Million aggregate) )
Venues
Administered By: Abacus Insurance Brokers
Distribution: MGA
| Industries: |
Events and Event Planners, Financial Consultants/Planners, Motorsports, Space Planners |
|---|
Carriers: North American Specialty Insurance Co.
Coverage: Commercial Auto, Excess, General Liability, Inland Marine, Umbrella/Excess
Limits: up to $10 Million (Liability), up to $1 Million (Inland Marine), up to $10 Million (Excess)
AdvenSure (Outdoor Recreation Ins. Program)
Administered By: McNeil & Co.
Distribution: Program Administrator
| Industries: |
Campgrounds/RV Parks, Camps (Youth, Sports & Enrichment), Events and Event Planners, Hospitality (Hotels/Motels), Resorts & Time Shares, Travel Agencies/Tour Operators |
|---|
Carriers: Arch Specialty Insurance Co.
Coverage: Accounts Receivable, Business Personal Property/Business, Commercial Auto, Crime, Dog Liability, Employee Benefits Liability, Excess, General Liability, Inland Marine, Marine, Property
Limits:
Entertainment
Administered By: Specialty Insurance Group
Distribution: MGA
| Industries: |
Amusement Parks, Events and Event Planners, Rentals (Amusement/Entertainment), Stage Risks |
|---|
Carriers: Everest National Insurance Co.
Coverage: Abuse & Molestation Liability, Business Income/Extra Expense, Commercial Auto, Contingency Insurance, Crime, Directors & Officers (D&O), Errors & Omissions (E&O), Excess, General Liability, Inland Marine, Liquor Liability, Participant Accident, Prize Indemnity , Umbrella/Excess, Weather Insurance, Workers' Compensation
Limits: up to $10 million (Contigency), up to $20 million (Property), up to $10 million (Most Casualty Coverages)
Event Sponsors
Administered By: Specialty Insurance Group
Distribution: MGA
| Industries: |
Events and Event Planners |
|---|
Carriers: Everest National Insurance Co.
Coverage: Commercial Auto, Contingency Insurance, Directors & Officers (D&O), Errors & Omissions (E&O), General Liability, Prize Indemnity , Property, Weather Insurance, Workers' Compensation
Limits: up to $20 million (Property), up to $10 million (Most Casualty Coverages), up to $10 million (Contingency )
General Liability
Administered By: Nautilus Insurance
Distribution: Carrier Direct
| Industries: |
Day Care (Child or Adult), Events and Event Planners, Fitness Professionals, Lessors Risk, Retail (Convenience Store), Small Businesses, Tanning Salons, Vacant Property |
|---|
Carriers: Nautilus Insurance Co.
Coverage: Cyber Liability, General Liability
Limits: up to $5 million
Hospitality Industry
Administered By: Tokio Marine Specialty Ins. Co.
Distribution: Carrier Direct
| Industries: |
Casinos, Events and Event Planners, Golf Courses/Country Clubs, Hospitality (Hotels/Motels), Marinas/Clubs, Restaurants, Wineries/Breweries/Distilleries |
|---|
Carriers: Philadelphia Indemnity Insurance Co., Tokio Marine Specialty Insurance Co.
Coverage: Additional Insured, Employee Benefits, Equipment Breakdown, Excess, General Liability, Liquor Liability, Property
Limits: up to - $1 million (Liquor Liability (each common cause)), up to - $1 million per occurrence (Commercial General Liability), up to - $1 million (Excess Liability)
Outdoor & Recreation Insurance
Administered By: Veracity Insurance Solutions LLC
Distribution: Program Administrator
| Industries: |
Athletes & Athletic Organizations, Camps (Youth, Sports & Enrichment), Events and Event Planners, Marine Risks, Miscellaneous Risks, Motorsports, Wilderness Therapy |
|---|
Carriers: Hiscox Insurance Co. Inc.
Coverage: Abuse & Molestation Liability, Accident & Health, Bodily/Personal Injury, General Liability, Inland Marine, Professional Liability, Property
Limits: Up to - $30 million