Summary
You pay your money and you participate in the activity. Because of your active participation, you also increase the chances that injuries may occur. The types of risks that fall under this category range from amusement rides to golf courses, paintball centers to trail rides. According to David Hatlem, EVP, Club Programs, Bollinger Inc, while there are currently a significant number of carriers that will insure golf clubs, the coverage provided can vary as wildly as the typical amateur golfer's driving capability off the first tee. An insurer will typically need to understand controls put in place for valet parking, liquor service, pesticide/herbicide application and storage, pollution exposure, and commercial auto. One of the newer forms of leisure risks is inflatable play structures. Dan Meyer, national program underwriting director, Fireman's Fund, says setting rates or prices and making sure operators comply with prevailing safe standards in an ever-changing industry makes underwriting this business segment a challenge.
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Extract
Leisure Risks/Pay for Play
You pay your money and you participate in the activity. In other words you are part of the action, not sitting in the bleachers. Because of your active participation, you also increase the chances that injuries may occur. Of course, the degree of exposure varies with the activity. Bowling centers present a lower degree than amusement rides.
The types of risks that fall under this category range from amusement rides to golf courses, paintball centers to trail rides.Let's take a look at a couple of examples-one that has been around for some time and the other, a relatively new type of entertainment.According to David Hatlem, executive vice president of Club Programs at Bollinger, Inc., "There are approximately 16,000 golf clubs/courses in the United States. It is estimated that about 5,000 are considered private clubs. The remaining clubs are semi-private (limited number of annual memberships), and daily fee courses. While there are currently a significant number of carriers that will insure clubs, the coverage provided can vary as wildly as the typical amateur golfer's driving capability off the first tee."The range of clients and exposures in this sector also varies dramatically," says Hatlem. "A highly prestigious private club with a limited membership requires a completely different level of coverage from a municipally own...See the full content of this document
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