January/February 2010

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Sports Destination Management Magazine

January/February 2010

Around here, the New Year brings forth a certain optimism where we all set out our objectives and slowly begin the process of perusing them. While these goals may vary in substance and importance, be they professional or personal, they all share one common trait - a timeline. Included in this annual rite of passage is the planning that goes into accomplishing those goals, specific with action plans. One action item that we are certain to undertake is attendance at the National Association of Sports Commissions (NASC) Sports Event Symposium in Columbus, Ohio April 13 - 15, 2010.

In this issue

Event Cancellation Insurance

BY: William J. Bannon, CPCU, AMIM

The insurance landscape for Event Cancellation coverage is dynamic and ever-changing with underwriters keeping a watchful eye on potential new perils. Careful negotiations with market sources are imperative in an effort to close critical gaps in basic policy offerings. By its very nature, the coverage is not standardized, thereby allowing for both the imposition of added restrictions and exclusions, as well as for enhancements based upon prevailing market conditions. more....