Monday, July 7, 2014

Ever wondered just how to insure a fireworks show?

Severe fire risk and a spike in hospital visits every Fourth of July has made just about every aspect of the pyrotechnics and fireworks business difficult to insure. From a fireworks manufacturer to a simple at-home show, most risks bypass standard markets and go straight into surplus lines.

But fireworks are arguably the visual core of the Independence Day holiday, and someone is obviously taking advantage of the market.


Writing through Prime Insurance Company and Lloyd’s of London, Utah-based XInsurance places coverage for pyrotechnicians, at-home shows and commercial firework displays and events, have been at it for roughly 30 years.
 
source: www.ibamag.com

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