Insurance Program Results

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Expanding Sports, Entertainment Risks

Carriers will push new programs tailored to the sports and entertainment industry with the expectation that an improving economy will motivate consumers to spend more money on discretionary activities. AIG and XL Insurance have responded by bolstering their presence. AIG will add two new property endorsements to its Ski Resort Commercial Property Program. XL responded last month with the launch of a nationwide sports/entertaining program. Strong results in Travelers Property & Casualty’s National Accounts segment is likely to lead to more sports and entertainment programs from the carrier. Look for OneBeacon Insurance to add new endorsements to its entertainment products as part of an effort to make up for business lost last year with its exit from the collector car and energy markets.

It’s expected that the sports/entertainment industry will grow about 15 percent this year. Competition will keep carriers focused on expanding or upgrading coverages. Low catastrophe losses for 2013 so far this year will keep pricing from changing much. Carriers are expected to save millions of dollars on reinsurance across all lines and all classes of coverage after pricing on reinsurance fell as much as 20 percent during April renewals on benign catastrophe losses going back to October 2012.  (4-21-14)

Environmental Liability

Administered By: Rockhill Insurance Group

Distribution: Carrier Direct

Industries:

Art Galleries/Fine Art/Museums/Antique Dealers, Artisan & Trade Contractors, Colleges & Universities, Consultants/Consulting Risks, Contractors, Environmental Consultants , Farm/Ranch/Agribusiness, Healthcare Systems, Hospitals, Laboratories, Manufacturers/Manufacturing Risks, Mercantile, Museums, Private/Charter Schools, Residential Real Estate (Directors/Managers), Schools, Schools (Adult Education), Sports Facilities, Trucking, Warehouses, Waste/Recycling Services

Carriers: Rockhill Insurance Co.

Coverage: Environmental/Pollution Liability, Excess, General Liability, Professional Liability, Umbrella/Excess

Limits: up to $11 million ((Total Combined Capacity)), up to $10 million ((Excess)), $1 million - $10 million ((Primary))

Skating Facilities

Administered By: K&K Insurance

Distribution: MGU

Industries:

Sports Facilities

Carriers: Nationwide Mutual Insurance Co.

Coverage: Commercial Auto, Crime, Excess, General Liability, Inland Marine, Property, Special Events, Workers' Compensation

Limits:

Sports (Amateur)

Administered By: K&K Insurance

Distribution: MGU

Industries:

Athletes & Athletic Organizations, Fitness Professionals, Gyms/Fitness Facilities, Sports Facilities, Youth Services/Facilities, Youth Sports

Carriers: Nationwide Mutual Insurance Co.

Coverage: Abuse & Molestation Liability, Business Personal Property/Business, Commercial Auto, Crime, D&O: Miscellaneous , Excess, General Liability, Inland Marine

Limits: up to $5 Million

Sports Complexes

Administered By: K&K Insurance

Distribution: MGU

Industries:

Sports Facilities

Carriers: Nationwide Mutual Insurance Co.

Coverage: Boiler & Machinery, Business Personal Property/Business, Commercial Auto, Crime, Excess, General Liability, Inland Marine

Limits: up to Contact Underwriting

Convention Centers/Civic Centers

Administered By: American Specialty

Distribution: Program Administrator

Industries:

Sports Facilities, Stage Risks

Carriers: XL Insurance Co.

Coverage: Commercial Auto, Commercial Property, Crime, Employee Benefits Liability, Excess, General Liability, Inland Marine, Liquor Liability, Umbrella/Excess

Limits:

Event Cancellation Insurance

Administered By: HCC Specialty

Distribution: Direct/Broker

Industries:

Events and Event Planners, Sports Facilities, Stage Risks

Carriers: AIG, HCC, Lloyd's of London

Coverage: Special Events

Limits: up to $85 million (In-house capacity)

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

Sports & Recreational Facilities

Administered By: HCC Specialty

Distribution: Direct/Broker

Industries:

Golf Courses/Country Clubs, Rentals (Amusement/Entertainment), Sports Facilities, Youth Sports

Carriers: Houston Casualty Co.

Coverage: Commercial Property, General Liability

Limits: up to $10 million (Property ), up to $1 million/$3 million (General Liability)

Casualty Solutions for the Entertainment Industry

Administered By: Chubb Ltd. (Formerly ACE Group)

Distribution: Carrier Direct

Industries:

Amusement Parks, Casinos, Hospitality (Hotels/Motels), Manufacturers/Manufacturing Risks, Sports Facilities, Workers Compensation

Carriers: ACE Group

Coverage: Commercial Auto, Employment Practices Liability (EPL), Excess, General Liability, Professional Liability, Property, Umbrella/Excess, Workers' Compensation

Limits:

Sports & Leisure

Administered By: OneBeacon Insurance Group

Distribution: Carrier Direct

Industries:

Athletes & Athletic Organizations, Camps (Youth, Sports & Enrichment), Motorsports, Sports Facilities, Youth Sports

Carriers: OneBeacon Insurance Co.

Coverage: Excess, General Liability, Umbrella/Excess

Limits: up to $5,000,000/$10,000,000 (Excess/Umbrella Liability)

 

Active Shooter Insurance Program

Administered By: GDP Advisors

Distribution: Program Administrator

Industries:

Churches/Religious Institutions/Organizations, Colleges & Universities, Education & Nonprofit, Private/Charter Schools, Public Entities, Schools, Sports Facilities

Carriers: Lloyd's of London

Coverage: Violent Event Coverage

Limits: $1 million - $20 million

Entertainment, Recreation, Sports and Leisure

Administered By: AmWINS

Distribution: MGA

Industries:

Adult Clubs (Gentlemen's/Strip Clubs), Amusement Parks, Athletes & Athletic Organizations, Casinos, Restaurants, Sports Facilities, Sports/Entertainment Risks

Carriers: Scottsdale Insurance Co.

Coverage: Excess, General Liability, Liquor Liability, Non Owned Auto, Umbrella/Excess

Limits: - - $1M/$3M (Liquor Liability), up to - $20 Million (Umbrella/Excess ), up to - $3 Million (General Liability)