Sports Entertainment

At Sprezzatura Insurance we believe that according to traditional insurance practices, the level of exposures and risks for sports entertainment companies are as follows:

Level of Risk Per-Line of Business: Low, Medium & High.

• Automobile Liability: Medium
• General Liability: Premises & Operations: High- Depends on the size of the crowd.
• Liquor Liability: High
• Product Liability & Completed Operations: Lower if main insured decides to subcontract food preparation.
• Workers Compensation: High
• Crime: Medium
• Fire and E.C.: Property: High
• Business Interruption: High
• Inland Marine: Medium

Based on ISO, AM Best, and others; Recommended class codes for Stadiums & Arenas are:

Standard Industrial Classification Manual (SIC) Codes and Classifications

• 6512- Operators of Nonresidential Buildings
• 7941- Professional Sports Clubs and Promoters
  
  • Establishments primarily engaged in operating and promoting professional and semipro athletic clubs; promoting athletic events, including amateur events and managing individual professional athletes.
• 7948- Racing, Including Track Operations