At competitive events across the nation, lawsuits are being filed for bodily injury of others, property damage to rented premises, and general negligence of participants. Unfortunately, it’s all too common for injured parties to seek legal judgment, not only against event organizers but also the individual participants. Attorneys will look for indication of individual liability at every possible turn – in an effort to maximize the awarded judgment for their client.
Oftentimes, event organizers or participants carry minimum-limit, broad stroke insurance policies intended to cover spectators, venues, and competitors. Such a small amount of coverage can leave the policyholder vulnerable if a judgment or settlement exceeds the policy’s limits. The financial consequences could be long-lasting — in some cases, an individual or organization could lose some or all of their financial and physical assets and even their livelihood.
Overuse injuries are responsible for nearly half of all sports injuries to middle and high school students, you could be blamed for this injury.
Most homeowners insurance policies do not provide sufficient coverage for accidents causing physical injury or property damage to a rented premises; Prime Insurance Company offers a custom plan to cover any exclusions in your policy.
Are you an insurance agent or broker looking for competitive events coverage for your clients? You’ve come to the right place. Prime Insurance Company offers spectator liability insurance that provides reliable coverage when an accident strikes. Policyholders will be able to significantly increase their limits, gaining extra protection that reduces their exposure. And you’ll be able to add another satisfied client to your book of business.
Producers and their clients can select a custom all-in-one spectator and sporting event liability insurance plan that can offer a broad range of coverage options:
The risks that are prevalent at many competitive events can make it challenging for organizers and participants to obtain liability coverage in the standard market. At Prime, we specialize in taking on those hard-to-insure situations that other providers often avoid. We can cover organizations and individuals that have experienced a cancellation or nonrenewal of their liability plan or have an extensive claims history. If you can’t find the insurance your clients need anywhere else, we’re ready to help.
We support our event liability insurance policies with excellent service. Our in-house underwriting team has the flexibility to generate innovative solutions that meet each applicant’s unique coverage requirements and challenges. We also handle all claims professionally and efficiently. Our 24/7 claims hotline allows policyholders to report an incident as quickly as possible to ensure the fastest settlement. If a lawsuit goes to court, we’ll provide aggressive legal representation.
As a producer, steering your spectator liability insurance clients to Prime can provide a host of benefits. We offer:
If you’re looking to work with a financially strong insurance provider with a solid track record, Prime is an excellent choice. We’ve earned an “A” (Excellent) rating from A.M. Best, a U.S.-based credit rating agency dedicated to the insurance industry for nearly 125 years. We’ll be there to cover claims, no matter how high the liability limits on your plan.
Prime has also earned a Financial Stability Rating® of A” (A Double Prime), Unsurpassed, from Demotech, Inc. The most current Financial Stability Rating® must be verified by visiting www.demotech.com.
Our hands-on underwriting approach makes applying for event liability insurance easy. Start by filling out and submitting our online application for our underwriters to review. We’ll then reach out to schedule a convenient time to discuss the risk over the phone. After we’ve finished our assessment, we’ll provide a no-obligation quote for your client’s approval.