Event Insurance Case Study: Peace of Mind for the Long Run
Austin’s Statesman Capitol 10,000 (Cap10K) is a committed advocate for liability and cancellation insurance. Find out why and what your event can learn from their experiences
AUSTIN - When the Austin American Statesman Capitol 10,000 (Cap10K) race director Jeff Simecek was asked in early 2018 if his event carried liability or cancellation insurance, he thought the answer was yes. Because the popular Austin, Texas 10K is owned by a large publishing company, GateHouse Media, he assumed that corporate business insurance would also cover the running event.
A little research revealed that was not actually the case. And as he looked further into purchasing an insurance policy that would cover any unforeseen incidents at the April Cap10K, a package bomber began terrorizing Austin. Five explosions killed two people in March 2018.
“I’d been watching our Central Texas weather patterns over the last few years and I knew that there might be a time when we would have to delay a race because of a storm. But this was an entirely different kind of threat,” said Simecek.
The insurance policy was quoted, but not yet bound, when the random package bombings started. But due to the ongoing attacks, the underwriter declined to cover the race for terrorism-related incidents. Thankfully, the perpetrator was apprehended, and the threat resolved, shortly thereafter and well before Cap10K race day. (Pictured above: the 2018 Cap10K finish line festival.)
“Our only impact that year was a higher bill for law enforcement presence on the course, which is determined by the local police department,” Simecek recalled. “But at that point, I swore I would never go without event insurance again.”
Find out why by downloading the full case study below. All resources and guides from Running USA are free for members. Be sure you are logged into your account before beginning the download process.