If your client is in the business of throwing parties and helping with events, you already know the importance of specifying the location and making sure your client has the appropriate limits and coverage for different scenarios. However, this information usually only needs to include whether an event is going to be in a public space, a commercial building, or private property. However, if any of your clients are operating in national parks (especially if they use fireworks), take a closer look at their coverage. Having Insurance for Special Events in National Parks is hard to find but that’s why Prime is here to help.
What’s unique about insurance requirements at national parks?
- The National Park Service requires occurrence and aggregate limits of at least $5 million for some activities. While the general rule of having higher limits if riskier activities are taking place is long-established, these activities include typical park highlights like rafting and riding horses. Make sure your clients are either aware of the requirements or know to provide a list of activities if they’re raising or lowering their limits. Having flexible coverage is a unique service that recreation businesses need more and more.
- The National Park Service has strict insurance requirements for fire-related activities. An increasing number of forest fires, especially during droughts, has made many parks reluctant to allow fireworks and similar hazards. Because they require strict insurance for the rapid repair of fire-damaged facilities, your clients’ insurance needs to fit the bill.
Clients with recreation businesses have additional liabilities, especially if they conduct business across varied sites. Go to Prime Insurance Company to find the right surplus and excess coverage to add to their policies.
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Authored by Rick J. Lindsey, CEO, President, and Chairman of Prime Insurance Company
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. Prime Insurance also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are Prime Insurance can help.
