February 2010 has a lot to offer both sports fans and special-event insurers, featuring the year's biggest American sporting spectacle–the NFL's Super Bowl XLIV–followed by a series of athletic contests watched by hundreds of millions during the Winter Olympics, which started this past weekend in Vancouver, Canada.
For insurers, mega-events such as a Super Bowl, Olympics, World Cup–or even large but local events like outdoor music festivals–feature a wide range of risks and offer a little something for everyone who wants a piece of the coverage pie.
As for the types of insurance involved in covering events of such a large scale, Lori Shaw, sports and leisure practice leader for Aon Entertainment Practice Group, said the main one will be general liability. Primary carriers will write this coverage, she said, with umbrella carriers filling out the excess capacity for additional coverage such as liquor liability.
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