St. Paul Travelers reported the completion of a study that examines the type of claims involved in general liability and property losses in its Eagle 3 golf insurance program. The study analyzed some 21,000 such losses incurred by more than 1,400 golf courses between 1987 and 2004. Highlights of the study include:
* Ranking of the relative frequency and severity of loss leaders
* Close review of the loss leaders
* Claim reduction solutions, demonstrated by golf facility case studies
* Prevention advice for general liability and property losses
“We have gained a remarkable understanding of the types of claims that can arise at golf facilities”, said Dana Blose, Risk Control Program consultant for St. Paul Travelers. “Armed with this information, our insureds can take the appropriate steps toward reducing their unique exposures.”
Golf courses present unusual challenges, since they have several businesses combined into one. Most facilities comprise a restaurant, retail shop and landscaping venture. Each of these components has unique exposures such as fires, alcohol-related accidents, golf cart accidents, lightning strikes, floods or slips, trips and falls.
St. Paul Travelers currently provides coverage to more than 800 golf facilities in the United States. Through its National Programs division, the company offers tailored insurance products to commercial insureds with similar risk characteristics in industries such as entertainment, leisure, sports, service and retail.
For copies of the study summary, entitled Safety On The Fairway, contact Ask-STA-Risk-Control@stpaultravelers.com.
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