Fort Wayne, Ind., August
12, 2014: K&K Insurance Group, Inc., a subsidiary of Aon
plc (NYSE:AON), today announced a new website offering coverage
for groups organizing walk or run events. The website, www.WalkRunInsurance-kk.com, offers 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 and offers rates lower than the
standard sports events program. 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% commission; no prior agent
appointment or agreement is needed to purchase coverage through any of
K&K’s ecommerce websites.
Coverage is offered on an
admitted basis and provided through an insurance carrier rated “A+” (Superior)
by A.M. Best Company.
About K&K Insurance Group, Inc.
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.
About Aon