Event Insurance Case Study: Cap10K

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 h...