1. 8.03 Discuss the types of insurance necessary for the sports and entertainment industry.

2. Types of Liability Insurance
General liability insurance:
Provides broad coverage against claims of negligence and
Inappropriate action resulting in bodily harm or damage to personal property

3. Types of Liability Insurance, cont..
Automobile liability insurance
Provides compensation to individuals injured by automobiles used in an event
For example, if an event organizer is driving a golf cart and hits a spectator, the organization is covered

4. Types of Liability Insurance, cont..
Board of Directors Liability Insurance
Protects volunteer board members from personal liability
For example, if an event goes bankrupt, event managers or the board cannot be held personally liable or be directly sued

5. Types of Liability Insurance, cont..
Comprehensive General Liability
Insurance
Packaged policy that includes fire, theft and injury
Exclusions to this type of coverage may include pyrotechnics (fireworks), aerial activities, participant activities, and other activities which might be deemed high-risk

6. Types of Miscellaneous Insurance
Event cancellation insurance
Provides coverage for cancellation of an event due to circumstances beyond event coordinator’s control

7. Types of Miscellaneous Insurance, cont..
Inclement weather
Provides coverage for cancellation of an event due to inclement weather or natural risk, rain, lightning, hurricane, or tornado

8. Types of Miscellaneous Insurance, cont..
Broadcast transmission interruption
Provides coverage due to an interruption of the radio or television broadcast of an event

9. Types of Miscellaneous Insurance, cont..
Non-appearance or “no-show”
Provides coverage if an athlete or entertainer fails to appear at an event due to accident or illness

10. Types of Miscellaneous Insurance, cont..
Prize indemnity
Provides coverage when participant wins promotional contest
Can also protect company against loss of income due to prize fraud

11. Types of Miscellaneous Insurance, cont..
Accidental death and dismemberment
Provides coverage if an event participant suffers loss of life or limb

12. Types of Miscellaneous Insurance, cont..
Temporary disability
Provides coverage for an athlete or entertainer in the event the he/she suffers an injury or illness that temporarily keeps them from working

13. Types of Miscellaneous Insurance, cont..
Permanent disability
Provides coverage for an athlete or entertainer in the event that they suffer an injury or illness that permanently keeps them from working

14. Types of Miscellaneous Insurance, cont..
Image protection
Provides coverage for sponsor in event that an athlete’s or entertainer’s actions result in negative publicity for the company

15. Types of Miscellaneous Insurance, cont..
Property
Provides coverage for damage to buildings and production sets
Property insurance will also provide coverage for theft or damage to personal property and props

16. Types of Miscellaneous Insurance, cont..
Producer’s errors and omissions liability insurance
Provides coverage for copyright infringement, libel, and plagiarism

17. Types of Miscellaneous Insurance, cont..
Animal mortality
provides coverage in the event that an animal dies while being used on production set

18. Types of Miscellaneous Insurance, cont..
Workman’s compensation
Provides reimbursement of medical expenses for workers injured on the job