Posts Tagged ‘sports and recreation insurance’

Children’s bicycle death rates lower than adults

| Injury

What’s behind the statistics?

Did you know that the death rate of bicyclists killed on the roads is twice that of people who die in vehicles? And that’s despite the fact that bicyclists make up only 1 percent of all road trips in the U.S.

Oddly enough, adults make up the greater number of these deaths. Since 1975, the death rate of children cyclists under age 15 has dropped 92 percent while the adult death rate increased over the same period. The total death rate of cyclists between 1975 and 2012 dropped by 44 percent – a statistic totally driven by fewer child deaths.

These facts could be due to fewer children riding bikes to school than they once did. Today, roughly 13 percent of children ride a bike or walk to school. That’s a precipitous drop from the 48 percent who walked or rode in 1969. Kids today also spend less time participating in outdoor aBicycle death ratectivities like bike riding, preferring to play video games and the company of their cell phones and tablets. Helmet requirements for children may also play a role in the decreased deaths. The number of adults commuting by bicycle, however, has risen since 1975, which could factor into the rise in adult deaths.

The states with the highest bicycle death rates are Arizona, Delaware, Florida, Louisiana, and California. It’s possible that the increasing popularity in recreational and commuter cycling is an element in the increased death rate. However, Portland, Ore., Austin, and Madison, Wis., are cycle-friendly cities that haven’t experienced an increase in road deaths.

The National Highway Traffic Safety Administration reports 29,711 cyclist deaths in a period of 38 years. These are cycling fatalities that take place on public roads or that involve a motor vehicle. These NHTSA statistics don’t account for changes in the numbers of people who ride bikes, how often they ride, or how far they ride.

Source: John Tozzi, “Kids’ Biking Deaths Declined but Adults Deaths Rise,” 14 Aug. 2015.

Top 10 Sports & Recreation Injuries

Where’s the outrage for non-football related injuries?

I was reading through a recent list of common sports and recreation injuries and began to wonder why football and other higher risk sports get most of the negative media attention? Why not boating, bicycling, skiing, snowboarding, inflatable moon bounce, ATV, golf carts, or home injuries? Why is the media not screaming for these activities to be banned? Is the media biased against football?

To follow is the recently published list that prompts the question:

  1. Kids ages 5 to 14 made up 52 percent of football-related injuries requiring emergency room visits in 2012.
  2. The U.S. Coast Guard reported 500 deaths, 2,620 injuries and $39 million in property damage related to recreational boating accidents in 2013.
  3. Alcohol use is the no. 1 contributing factor in fatal boating accidents and contributes to 16 percent of boating-related deaths.
  4. The top five contributing factors to boating accidents are operator inexperience, operator inattention, improper lookout, excessive speed and machinery failure.
  5. The National Highway Safety Traffic Administration reported 720 bicyclists killed and 49,000 injured in motor vehicle accidents in 2012.
  6. Risk of injury in bicycle sportsAn average of 41.5 people died in skiing or snowboarding accidents each year between 2002 and 2012.
  7. More than 90 percent of the 113,272 injuries treated in emergency rooms associated with inflatable amusements were related to moon bounces between 2003 and 2013.
  8. Between 1982 and 2013, 13,043 ATV-related deaths were reported.
  9. Approximately 13,000 golf cart-related accidents require a visit to the emergency room each year.
  10. In 2012 there were approximately 89,000 accidental injury-related deaths in homes and communities nationwide.

It goes without saying that good risk management practices could have prevented many of these injuries and deaths. Whether you’re competing in sports or enjoying leisure recreational activities indoors or out, safety should always be a priority. Visit our risk management page for helpful information on keeping you, your teammates, friends and family safe.

Source: Spotlight, Insurance Journal,  04 May, 2015, Vol. 93, No. 9.

Choosing a Sports Insurance Agent/Broker

Selection criteria for sports organizations

Sports insurance agentA prior blog post explained why sports and recreation organizations shouldn’t follow the traditional insurance bidding process of allowing multiple agents to approach the limited marketplace of insurance carriers and managing general agency (MGA)*. To follow-up on this, below are suggested selection criteria to choose the most qualified agent/broker so that such agent can approach the entire marketplace.

Insurance Agency Qualification Checklist:

  • Special department dedicated to sport and recreation insurance risks
  • Number and names of similar sports/recreation organizations insured
  • Premium volume of similar sports organizations insured
  • Carriers or MGAs represented for each policy type
  • Premium volume and special relationships with each carrier/MGA to be approached
  • Resumes of key servicing staff, including experience in sports/recreation insurance niche
  • Specific staff assigned to service account
  • Claims management services
  • Loss analysis, forecasting, and rate justification services
  • In-house authority to issue certificates of insurance
  • Injury-tracking services and automation
  • Training on employee injury reduction, premises safety, auto safety, special events safety, etc.
  • Special risk management services for sports and recreation organizations
  • Agency license for both Property & Casualty and Life and Accident, & Health for all states of organization’s operations
  • Website services including online enrollment, self-issuance of certificates of insurance, educational articles, risk management reports, forms, articles, programs, etc.

Insurance Agent Qualification Checklist:

  • Resume of insurance agent
  • Number of years of experience in insurance industry
  • Number of years dealing with sports and recreation accounts
  • Title or position within insurance agency
  • Ownership in insurance agency
  • Special training and designations such as CPCU, CIC, etc.
  • Producer license for both Property & Casualty and Life, Accident, & Health for all states of organization’s operations
  • Carriers/MGA’s to be approached for each policy type
  • Names and contact information of similar sports/recreation organization clients for reference check
  • Membership in professional trade organizations in insurance industry
  • Board of director positions or committee assignments on behalf of sports/recreation organizations
  • Publications on insurance and risk management on behalf of sports/recreation organizations
  • Number of proposed client meetings throughout year to review insurance and risk management programs
  • Renewal strategy philosophy
  • Disclosure of commissions and fees earned
  • Attendance at meetings trade shows or speaking engagements on behalf of organization

Carrier/MGA Qualification Checklist:

  • M. Best rating for financial strength
  • Number of years in sports/recreation insurance niche
  • Number of similar sports/recreation insurance clients
  • Premium volume of similar insurance clients
  • Names of similar sports/recreation insurance clients
  • Philosophy on acceptable loss ratios
  • Claims services offered
  • Risk management services offered
  • Licensed in all states where organization operates
  • Other services provided

*An MGA is an insurance organization that provides some of the services that are normally provided by insurance carriers in exchange for a fee. Examples of common MGA services include underwriting, policy issuance, loss control, claims administration, and marketing. The MGA as a middleman does not increase the cost of doing business since they provide services that the insurance carrier would be required to otherwise provide. Therefore, the existence of MGA’s reduces the expenses of the insurance carriers.