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The Magic Cafe Forum Index » » Tricky business » » SAM insurance doesn't cover balloons! (0 Likes) Printer Friendly Version

wizardofsorts
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Chicago, IL
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I have just joined SAM and I was talking to the insurance rep and he informed me that SAM insurance does not cover balloons, because they are a product. Frankly, I think balloons choking is probably the biggest risk we all face. Does anyone have insurance that specificly covers balloons (product liability)?
Edd
Edd Fairman, Wizard of Sorts is a corporate magician available for your next trade show, hospitality suite, client luncheon, or company event. http://www.wizardofsorts.com
Paddy
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Milford OH
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I.B.M. does cover balloons. Also Clowns of the U.S. (Al Feldman's agency) covers balloons.

BTW I have seen on the balloon twisters list where the question was asked if anyone had every heard of a person being harmed by biting a balloon. Not the old "friend of a friend" story but a REAL story. That was posted over a year ago and so far no one has a real story about it happening.

I still have my insurance though. No reason to be stupid about it.

Peter
Non Impediti Ratione Cogitationis

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wizardofsorts
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Thanks for the info Peter. Yeah, those "friend of a friend" stories can be dangerous. Look at all those emails circling the net about missing kids that are just plainly false. I have a hard time joining IBM because I can never make it to a meeting to become a member.
Edd
Edd Fairman, Wizard of Sorts is a corporate magician available for your next trade show, hospitality suite, client luncheon, or company event. http://www.wizardofsorts.com
MagicalPirate
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Hi Wizardofsorts:

Just in case you don't have the link for the Clowns of the US site for their insurance here it is:

http://clownsoftheus.com/insurance.htm

Martin Smile
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wizardofsorts
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Thanks Martin, I had it. I checked it out but IBM is still cheaper. I emailed them and ask if IBM covered balloons and they responded "as long as it's part of your act." Does that mean that after the magic is done but before I leave the party, I make balloons, therefore they are covered? Or what if I'm hired to just do balloons? Is it covered then because it's an act but not my "magic" act?
Edd
Edd Fairman, Wizard of Sorts is a corporate magician available for your next trade show, hospitality suite, client luncheon, or company event. http://www.wizardofsorts.com
Paddy
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Yea, Wiz, IBM is cheaper, until you have a client that wants to be named on a "certificate of insurance" it is then $30 each time. Clowns of the U.S. is FREE. Costs more initially but the certificates are a lot cheaper. As I work 6 restaurants a week, I just had a cert for each one and gave it to the General Manager. Impressed the heck out of every one of them. Also did a church festival this year and handed them a certificate with their name on it. Guess who got booked for next year's festival just because of that.
Peter
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MagicalPirate
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Hi Edd:

It depends on what the fine print says. If you are buying entertainers insurance then it should cover whenever you are entertaining. Making balloons is part of your entertainment business unless you are selling balloons as a vendor in which case it would be product liability. Then your policy would have to cover product liability also. That is why I stand by the Clowns of the US policy. It covers entertainment as well as product.

Also when you compare price from one policy to the other you have to compare coverage. ClownsOfTheUS has a $2,000,000 coverage per incident whereas I believe that IBM is still the old standard of $1,000,000. Many events now want a minimum of $2,000,000 coverage and the old limits policies just won't cut it any more. As Paddy pointed out ClownsOfTheUS doesn't charge for a certificate and most venues want to be named. Two or three gigs and the IBM policy isn't so cheap. I know festivals and fairs all want that certificate so your money is better spent where they don't charge you for it.

It's also a privacy issue for me. I don't believe it is anyone's business but my own how much money I make in my entertainment business. I also don't want to have to hassle with sending in more premiums because I just jumped from one income level to the next.


Just the fact that you want insurance is a good thing. I just want to make sure I get the best true value for my insurance dollars. Best of luck to you whichever policy you choose.

Martin Smile
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Magic.J.Manuel
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OK, so the Clowns of The US insurance covers more money and doesn't charge for certs, but it does not cover Doves and Bunnies.

Does anyone know if the IBM insurance covers animal damage or just replacement cost?
Nothing would get done at all, if man waited so long that no one could find fault with it.
MagicalPirate
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I'm not sure that the animal exclusion prevents you from working with doves or producing your bunny. It just doesn't cover the animals. I'm not sure that any of these policies would cover you in the event of a loss of your animals. If they did, I'm sure it would be no more than replacement cost. I seriously doubt that they would consider the trained value aspect in paying off a loss. After all they are in business to make a profit (i.e. take our money and smile all the way to the bank). They never do cancel policies on customers with no claims.

Martin Smile
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Decomposed
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I bet 30 years ago no one worried about this. Not saying its a bad thing but if one is only performing part time, it seems a bit overkill.

It appears no one knows anyone who has been sued. Okay, God forbid, a person falls and gets hurt. If they are honest, they will state the facts of what caused the accident. Unless it was caused by a prop or animal, it should be a nonissue.

There is insurance for everything these days.
I'd like to know if SAM or IBM has ever had a claim.
MagicalPirate
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SAM nor IBM have ever had a claim. The insurance isn't covered by these organizations. Because of size of numbers they have arranged a suitable policy through a carrier that has an insurance company that underwrites these policies.

Martin Smile
Martin Blakley, CSH, DASH, CMSA
http://www.thehypnoguy.com/HYPNORESOURCES
http://www.docgrayson.com/
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Decomposed
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I wonder if they have had a claim through these underwriters?
wizardofsorts
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According to the Clowns of America (another insurance agency) last year the CoA had two claims one for $8,000 and another for $1,800.
Edd
Edd Fairman, Wizard of Sorts is a corporate magician available for your next trade show, hospitality suite, client luncheon, or company event. http://www.wizardofsorts.com
Decomposed
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Interesting.......I would hope it was legitimate and not a parental blunder blamed on the performer.

But then again, maybe it is frivilous and no pay out was done.
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