Liability Insurance U.S.A.
(see below for Canadian Members)
(Updated: 2/15/11) The Endowment and Development Foundation is pleased to announce the renewal of the International Brotherhood of Magicians Liability Insurance policy with Employers Fire Insurance Company effective August 15, 2010 to August 15, 2011. This policy will be issued through Employers Fire Insurance Company with the same limits and premium charges as the expiring policy, which are as follows. These limits are per insured member/per event.
General Aggregate - $2,000,000
Products & Completed Operation Aggregate - $1,000,000
Personal & Advertising Injury - $1,000,000
Each Occurrence - $1,000,000
Fire Damage (Any one fire) - $50,000
Medical Payments (Any one person) - $5,000
The reason for the change in insurance companies is that the capabilities of Employers Fire Insurance Company are very comprehensive with respect to the entertainment exposure attendant to the diversity of magician's acts and performances. They are more flexible in their underwriting. In addition, Employers Fire Insurance is one of the largest and most competitive carriers in the marketplace today.
The following types of performances are NOT acceptable and are not covered:
Hot Air Balloon Events, Circuses (production), Overnight camping, Tractor pulls,
Rodeo and roping events, Motorized events, Mechanical amusement devices,
Inflatables, Rock Climb, Bounce Houses, Laser Tag, Sky Diving, Competition racing.
Pyrotechnics/Explosives (Flashboxes covered up to $5,000) - Flashpaper is acceptable
Fireworks, pyrotechnic devices or any similar materials except - "concussion effects",
"flashpots" and "smokepots"
Production Management or Promotions Management for hire
All animals except performing Dogs, Doves and Rabbits
Musicians and Disc Jockey, except clowns/magicians who engage in these activities
as part of their act
Copyright infringement exclusion (i.e. Barney, Mickey Mouse, Bugs Bunny, etc)
Throwing Objects (juggling is acceptable)
The cost of this insurance is based upon levels of gross receipts as follows:
Yearly Gross Receipts Annual cost*
Less than $25,000 . . . . . . . $111.00
$25,001 - $50,000 . . . . . . . $214.00
$50,001 - $75,000 . . . . . . . $291.00
$75,001 - $100,000 . . . . . ..$343.00
$100,001 - $125,000 . . . . . $394.00
$125,001 - $175,000 . . . . . .$495.00
$175,001 - $250,000 . . . . . $681.00
Over $250,001. . . contact carrier for cost
*In order to achieve these extremely favorable rates, this policy is written as a blanket policy for the International Brotherhood of Magicians from August to August each year. Each individual policy issued is issued as part of this blanket policy. Thus, if you apply in August, your fee covers 12 months of insurance. If you apply in September, your policy covers 11 months insurance at the same dollar cost. If you apply in June, and your receipts are less than $25,000 per year, you will pay the same $111 cost in spite of the extremely short duration of your coverage. (Before you judge this as extremely unfair, get a cost for individual liability insurance with comparable coverage. If you need the insurance, we believe you will find that it is still cheap.)
This policy is available to all I.B.M. magician members from the United States, Puerto Rico and U.S. Territories. It should be understood that in today's social and legal climate, the possibility of lawsuit is very realistic should any property damage or personal injury occur at a magician's performance. It is our understanding and belief that this is the best coverage available for magicians short of far more expensive individually contracted insurance.
If you have any questions or concerns regarding the renewal of this coverage, or to obtain this liability insurance, send your name, magician name, complete address, phone number, annual gross receipts, I.B.M membership number and payment to:
Hampson Mowrer Kreitz
54 South Commerce Way, Suite 150
Bethlehem PA 18017
Phone (610) 868-8507
Fax (610) 868-7604
Mr. Goldsmith will also be pleased to furnish any further information you may desire.
ONE CAUTION: The misrepresentation of information on an application or in the course of filing a claim constitutes insurance fraud and will not only invalidate your insurance, it could result in legal action against you. We believe the costs involved are excellent for the extent of coverage involved and are delighted to be able to offer it to you after several years of research and negotiations with insurance carriers. For your own protection and peace of mind, we urge that you consider this coverage. Finally, while we offer this insurance to you in good faith, it is up to you to check it over carefully and be sure that it adequately provides proper coverage for you.
The I.B.M. Endowment and Development Foundation and the International Brotherhood of Magicians' have arranged this program as a service for the benefit of its members, however, the insurance policy you purchase is strictly between you and the insurance carrier and neither the I.B.M. or the I.B.M. Endowment and Development Foundation assumes any responsibility or liability with respect to any losses or claims made. It is each member's responsibility to make sure that the policy covers your performance specifics.
Do you fit this description? Let HKMB Insure Your Performance! Performer: such as bingo caller, busker, caricature artist, cartoon artist, clown, DJ, face painter, juggler, magician, musician, MC, pavement artist, plate spinner, poet, living statue, stilt walker, or trivia host.
Whose act does NOT involve: hypnotism, use of fire/naked flame, acrobatic or aerial performance, animals (except birds or rabbits), tattooing, body piercing or sword swallowing
Why should you buy this coverage?
- To meet the insurance requirements of event organizers that book your act.
- So that you can take comfort in knowing you are covered should your act result in any injuries to third parties or property.
- Your claims will be handled efficiently via HKMB's 24 hour claims hotline. You can have confidence in your suppliers: HKMB has been serving the entertainment industry for over 15 years.
K&K Insurance Co., the program insurer, is an established, reputable company that focuses exclusively on risks in North America's sports, leisure and entertainment industries. For more information about K&K visit their website at http://www.kandkcanada.com/
Age: over 18 years
Gross income from performing activities: less than $100,000.
If so, you are probably eligible to purchase General Liability coverage of $2,000,000 at an annual cost of only $425.00.
Includes: Products and Completed Operations; Contingent Employer's Liability; Employees as Additional Insureds; Cross Liability/Severability of Insureds; Incidental Medical Malpractice; Occurence Property Damage; Personal Injury; Blanket Contractual; Broad Form Property Damage; Owners and Contractors Protective; Medical Payments; Attached Machinery
Excludes: Abuse/molestation/harassment, fireworks, asbestos, data, terrorism Limited fungi and fungal derivatives coverage.
Premium . . . . . . . . . . . . . . . . . . . . . $325.00
Administrative . . . . . . . $100.00 Handling Fee
Total $425.00 (Applicable Taxes not included)
Coverage under this program starts on the day
the insurance is purchased and extends for 12 months.
The coverage only applies to Canada.