Insurance Program Results
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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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)