Liberty, MO (PRWEB) January 27, 2014
Spectrum Weather and Specialty Insurance, Inc., a leading domestic broker of rain insurance, adverse weather insurance, event cancellation insurance, and other event-related insurance products, will be an exhibitor at the annual convention of the Missouri Association of Fairs and Festivals, to be held January 30 through February 1, 2014, in Columbia, Missouri. As the costs for entertainment continues to rise, county fair boards and festival committees find themselves exposed to the nuances of summer weather. Spectrum’s unique suite of insurance solutions can help to mitigate the risk of rain or severe weather on concerts, demolition derbies, truck and tractor pulls, rodeos, and other outdoor events.
This convention will mark the fourth year in which Spectrum’s President, Robert Holmes, has attended. “We come to these events to educate fair board members about all of the weather insurance solutions available to them by virtue of working with an independent broker that specializes in these types of coverage options”, says Holmes. Unfavorable conditions, such as rain or severe weather, can have a considerable negative effect on not only the main grandstand event for the day, but also the fair as a whole. Even if the event does not cancel and continues in the rain, there will be a significant reduction in the crowd size which then affects not only the ticket sales, but also the concession revenues. And when those that did stay and watch the event in the rain, most of them will leave at its conclusion and not return to the midway, causing a secondary impact on fair revenue. “There have been new markets and products introduced in recent years, which may not be available through more traditional insurance agents.” Holmes notes that although event preparation are readiness are essential, “Mother Nature always bats last!”
Spectrum was established with the goal of providing rain insurance, event cancellation insurance, snow insurance, and other specialty insurance solutions that are simple to understand and purchase, and with the highest degree of customer service in the industry. Spectrum serves events both large and small, including fairs, festivals, concerts, and other outdoor events impacted by weather. In addition to rain insurance, Spectrum provides liability insurance for events, as well as insurance for weather-based promotions. Spectrum also provides snow insurance to help protect against extremes in winter snowfall for snow removal contractors.
For more information about Spectrum Weather and Specialty Insurance, Inc., visit http://www.spectrumweatherinsurance.com.