Argo Marine’s new automated platform is designed to provide brokers with an efficient, cost-effective insurance option for community youth and adult recreational sports programs, camps/clinics, tournaments and special event venues.
The platform provides coverage in all 50 states through a partnership with SportUnderwriters.com. Covered equipment includes items such as scoreboards, bleachers, helmets, uniforms, goals, pitching machines and concession equipment.
The coverage also includes miscellaneous property up to $3 million in total insurable value.
“We think this is a great avenue to put an inland marine solution for the property where we don’t usually see submission flow from the brokers,” says Senior Vice President Dave Higley, Head of Argo Marine.
An option for community sports programs
Even though sports programs have been sidelined by COVID-19, the ability to insure equipment will bring a measure of relief once games and activities are back on the calendar.
“It will give a lot of lift to our communities getting teams back on the field,” Higley says. “It’s a great value proposition of helping the country get back on its feet by making sure that, after all this economic detriment, people know they have a strong company standing behind them.”
How to access the program
Brokers go through the tool built by SportUnderwriters.com and enter a few pieces of information. The platform then will produce a bindable quote, says Dan Folkes, Assistant Vice President, Underwriting, for Argo Marine.
The sports equipment general liability form lends itself to mobile equipment and is designed to provide ease of doing business for the user.
For more information about Argo Marine’s sports equipment coverage, download the highlight sheet.