| Short Term Special Events: |
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| Concessionaires, Exhibitors & Vendors |
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| Entertainers & Performers: |
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| How soon does coverage start? When will we receive proof of coverage? |
| Coverage can be bound the date after we receive a completed enrollment form and the appropriate premium. Please allow adequate time for us to process your enrollment form and issue certificates. |
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| When should we make our coverage effective? |
| The effective date is the date you need your insurance to start. For many, this is the first day that your organization has set to up for the event. Coverage will be in effect for the time period of the event. |
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| What is Host Liquor? |
| This program provides coverage if the named insured conducts an event or activity where alcoholic beverages are served or furnished, with or without a charge, and is not required to obtain a license or permit to do so. If a liquor license or permit is required, claims resulting from serving or furnishing alcoholic beverages will be excluded unless Liquor Liability Coverage option is purchased. |
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| Will we receive a policy after submitting the enrollment form? |
| No. You will receive a certificate of insurance as proof of coverage. Coverage is offered exclusively through Sports, Leisure and Entertainment Risk Purchasing Group (PG). The PG receives a master policy from the company. Submission of this enrollment form confirms your desire to receive coverage through the PG. Each member receives their own certificate of insurance as their evidence of coverage. The limits of insurance apply individually to each insured member organization-there are no shared limits of liability with any other members. A copy of the PG master policy can be requested in writing to: K&K Insurance Group, Inc., 1712 Magnavox Way, Fort Wayne, IN 46804. |
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| I have been asked by the facility that I am using for the event to add them as an additional insured to my policy. What does this mean and how do I do that? |
An additional insured is an entity which has an insurable interest for claims arising out of your negligence as the named insured. Such possible entities are a landlord or sponsor. By providing an entity additional insured status they now are entitled to defense and indemnity (if policy limits have not been exhausted) under your policy with no responsibility for premium payments.
You can add an entity as an additional insured under the certificate request section of the enrollment form. Please remember provide their complete name, address and relationship to you. All requests must be made in writing. |
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| Can I apply for coverage over the phone? |
| Unfortunately, we are not able to take your information over the phone at this time. You can apply for coverage online or by completing an enrollment form and submitting it to K&K via e-mail, fax or mail. |
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| What is a general aggregate? |
| This is the maximum amount to be paid out in any policy period for all losses. |
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| What are certificate requests? How do I complete this section on the enrollment form? |
| A certificate is a document prepared by K&K providing you evidence of coverage. You will automatically receive a certificate providing you with proof of coverage once coverage is bound. You will need to complete the certificate request section if you have been asked to provide another certificate, to an entity such as the facility you are utilizing for your event. |
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| I have been asked by the facility that I instruct at to add them as an “additional insured” to my policy? What does this mean and how do I do that? |
An additional insured is an entity which has an insurable interest for claims arising out of your negligence as the named insured. Such possible entities are a landlord or sponsor. By providing an entity additional insured status they now are entitled to defense and indemnity (if policy limits have not been exhausted) under your policy with no responsibility for premium payments.
You can add an entity as an additional insured under the certificate request section of the enrollment. Please remember to provide their complete name, address and relationship to you. All requests must be made in writing. |
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| Will I receive a policy after I submit the enrollment form? |
| No, you will receive a certificate of insurance as proof of coverage. Coverage is offered exclusively through sports, Leisure and Entertainment Risk Purchasing Group (RPG). The PG receives a master policy from the insurance company. Submission of this enrollment form confirms your desire to obtain coverage through the RPG. Each member receives their own certificate of insurance as their evidence of coverage. The limits of insurance apply individually to each member – there are not share limits of liability with any other members. A copy of the PG master policy can be requested in writing to: K&K Insurance Group, Inc. 1712 Magnavox Way, Fort Wayne, IN 46804. |
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| How soon does coverage start? When will we receive proof of coverage? |
| Coverage can be bound the date after we receive a completed enrollment form and the appropriate premium. Please allow adequate time for us to process your enrollment form and issue certificates. |
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| When should we make our coverage effective? |
| The effective date is the date you need your insurance to start. If you are renewing annual coverage with K&K, use the expiration date of your coverage. Coverage will be in effect for the time period selected. |
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| If we need to request another certificate of insurance for a specific event that we are attending, how do we do this? |
| A written request from the insured contact is required. There is a certificate request form that will be sent with your original coverage documents that can either be faxed or e-mailed to K&K. Please allow adequate time for processing. |
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| Can I apply for coverage over the phone? |
| Unfortunately, we are unable to take your information over the phone at this time. You can apply for coverage online or by completing an enrollment form and submitting it to K&K via e-mail, fax or mail. |
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| What is a general aggregate? |
| The general aggregate is the maximum amount to be paid out in any policy period for all losses. |
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| I have been asked by the event that I am exhibiting at to add them as an additional insured to my policy. What does this mean? |
An additional insured is an entity which has an insurable interest for claims arising out of your negligence as the named insured. Such possible entities are the landlord or sponsor. By providing an entity additional insured status, they are now entitled to defense and indemnity (if policy limits have not been exhausted) under your policy with no responsibility for premium payments.
You may request an additional insured in the appropriate section of the enrollment form. Please remember to provide the complete name, address and relationship to you. Additional insured requests must be made in writing. |
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| What is the co-insurance penalty referenced with Equipment and contents (Inland Marine) coverage? |
The Equipment & Contents (Inland Marine) policy contains a 100% coinsurance clause. With a 100% coinsurance clause, you are agreeing to accept a penalty if a covered loss occurs and all of your equipment and contents are not insured to their replacement cost value. For this reason, it is vital that the values of your equipment and contents be accurately reported and updated annually to reflect inflation and other increases in cost. If they are undervalued, a coinsurance penalty may be applied at the time of a loss. The penalty equals the difference between the amount of the loss and the amount actually paid by the carrier.
The simple formula used to arrive at the amount to be paid by the carrier is as follows:
“Did” / “Should” x Loss Amount – Deductible = Amount Paid.
“Did” = the amount of coverage you did purchase
“Should” = The replacement value of your equipment & contents that you should have insured. |
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| What does the term “replacement cost” value mean with regards to equipment & contents (inland marine) coverage? |
| Replacement cost means that the value of covered property will be based on the replacement coast at the time of loss without any deduction for depreciation. It is limited to the cost of repair or replacement with similar property and used for the same purpose. |
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| Will we receive a policy after submitting the enrollment form? |
| No. You will receive a certificate of insurance as proof of coverage. Coverage is offered exclusively through Sports, Leisure and Entertainment Risk Purchasing Group (PG). The PG receives a master policy from the company. Submission of this enrollment form confirms your desire to receive coverage through the PG. Each member receives their own certificate of insurance as their evidence of coverage. The limits of insurance apply individually to each insured member organization-there are no shared limits of liability with any other members. A copy of the PG master policy can be requested in writing to: K&K Insurance Group, Inc., 1712 Magnavox Way, Fort Wayne, IN 46804. |
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