K&K Insurance Group, Inc. has launched a new website offering coverage for groups organizing walk or run events. The website, www.WalkRunInsurance-kk.com, gives agents the ability to quote and purchase liability insurance online with immediate delivery of coverage documents.
The Walk/Run Event Program provides liability protection for the organization, including employees and volunteers, for liability claims arising out of its operations with lower rates than standard sports events programs. Coverage also includes medical payments for participants on an excess basis.
To qualify for the program, events must meet the following criteria:
- Maximum of 10,000 participants
- Events of three days or less
- Total course distance cannot exceed 16 miles
A variety of limits are offered ranging from $1 million per occurrence with a $5 million aggregate up to $5 million per occurrence with a $5 million aggregate. Rates are based on whether the event is a non-competitive charity walk/run or a competitive (timed) walk or run event. The minimum premium for non-competitive events is $150; the minimum for competitive events is $300. Optional sexual abuse and molestation coverage and ancillary event coverage is also available through this program.
Agents purchasing coverage through the new website earn 10 percent commission; no prior agent appointment or agreement is needed to purchase coverage through any of K&K’s ecommerce websites.
K&K Insurance Group, Inc., a subsidiary of Aon plc, is a managing general underwriter offering insurance products and services to the sports, motorsports, recreation, leisure and entertainment industries.