ORIGINAL: abel_pranger
ORIGINAL: EASYTIGER
Well...one thing people seem to ignore is that at least half of the insurance claims that go to AMA's actual insurance company(as opposed to under $250k claims, that AMA self insures) have nothing to do with modelleing, but are slip and fall accidents, things relating to site ownership.
Some kid falls off a log at an AMA field and gets a piece of rebar though his eye, AMA's insurance pays out over a million dollars.
THAT is the more common case, someone getting hit by a model is much more rare.
So...how does THAT affect everybody's calculations?
So much for zero risk indoor flyers, that's a myth...
I would not let somebody onto my land, or into my facility, with only $250k liability. Not going to happen. If someone actually got hurt, $250k would cover the legal fees, even...
ET-
What does somebody else's liability insurance coverage have to do with a slip and fall accident on your property (as you said, related to site ownership)? I figure zip-zero-squat, but maybe you can enlighten.
Abel
For one thing, I would like to see some actual records that substantiate what I believe is a myth concerning this much quoted slip and fall thing.
In 2004 AMA had 7 bodily injury liability claims filed. In 2005, 4 such claims.
OTOH in 2004, 47 property damage liability claims were filed, whereas 2005 saw 49 property damage claims filed.
(NOTE
"Filed"
If someone has an accident on property that you own or control, you could well be in for a liability suit. If you were hosting some event on Farmer Joe's property both will be named as a defendant. Do they have enough to cover the claim? Do you? It is good to have deep pockets in such case.
You're at an event. An errant outdoor or indoor glider is coming at you. Someone yells. You turn just in time to get a serious poke in an eye. Who gets sued. Before it's over -- everyone. If the landowner has nothing but a small plot of dirt, you will be glad that there is someone, AMA, that can help the other guy anti up to you. Everyone's liability coverage is your target at that time.