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

2. Types of Liability Insurance General 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 a celebrity is in a limo (provided by the event), and they are in an accident, the event hosts are covered.

4. 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 Types of Liability Insurance, cont..

5. 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 Types of Liability Insurance, cont..

6. Which liability insurance? An event organizer is driving a golf cart and hits a spectator, which liability insurance is this? Automobile Liability Insurance

7. Which liability insurance? Pete was allowed to purchase and consume too much beer at a professional football game. He lost control of his actions and caused injury to other spectators. What type of liability insurance would the venue depend upon to settle a claim? General Liability Insurance

8. Which liability insurance? If members of the local YMCA Board of Directors desired protection from being personally liable for mismanagement within the organization, what type of liability insurance would be most appropriate? Board of Directors Liability Insurance

9. Types of Miscellaneous Insurance 1. Event cancellation insurance Provides coverage for cancellation of an event due to circumstances beyond event coordinator’s control

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

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

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

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

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

15. 7. 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 Types of Miscellaneous Insurance, cont..

16. 8. 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 Types of Miscellaneous Insurance, cont..

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

18. 10. 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 Types of Miscellaneous Insurance, cont..

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

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

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

22. Which type of insurance? A popular singer had to cancel a concert because of illness. What type of insurance would protect the event promoter in this situation? Temporary Disability

23. Which type of insurance? Water damage from a severe thunderstorm caused thousands of dollars worth of damage to an arena. What type of insurance policy would protect against this type of loss? Inclement weather insurance

24. Which type of insurance? A popular entertainer who served as a spokesperson for an investment company was arrested for disorderly conduct and assault. This resulted in negative publicity and loss of revenue for the company. What type of insurance policy would offer protection against this type of loss? Image Protection Insurance

25. Which type of insurance? At a horse race. a spectator lost his life when an injured horse crashed through a barrier fence. This type of freak accident would be covered by an insurance policy held by the event promoters. What type of insurance would offer the best protection? Accidental Death and Dismemberment Insurance

26. Which type of insurance? If a Pay-Per- View transmission of a massively promoted boxing match did not take place because of satellite problems, what type of insurance would protect the cable provider in this situation? Broadcast Transmission Interruption Insurance

27. Which type of insurance? It was discovered that the winner of a marathon had taken short cuts on the course, won the cash prize, and then fled the country. The event promoter was forced to file a claim for prize fraud. What type of insurance policy was used? Prize Indemnity Insurance

28. Which type of insurance? A broken water main forced the cancellation of a circus performance. What type of insurance would protect the event promoter in this situation? Event Cancellation Insurance