There’s a lot that goes into organizing a successful festival – and, equally, a lot that can go wrong. From event cancellation, to terrorism, to property or bodily damage, to contractor negligence, the list of risks that need insurance is a long one.

Leigh Ann Rossi, COO of BWD Sports and Entertainment, a subsidiary of NFP, breaks down the risks a festival can face – and the coverages a broker should offer.

What are all the policies required for hosts of major festivals?

“Festivals should purchase event cancellation to protect their irrecoverable expenses and lost revenue in the event their festival is delayed, cancelled or interrupted.

​New York Giants receiver Odell Beckham Jr. is thinking about securing an insurance policy for over $100 million in injury protection, sources say.

The NFL player will reportedly acquire insurance if he does not reach a contract extension with the team before the regular season begins.

President Donald Trump has signed an executive order revoking the establishment of a federal flood risk management standard.
The order, signed on Tuesday, revokes an executive order signed by President Barack Obama on Jan. 30, 2015, to establish the standard and a stakeholder input process.

Many startups have attempted to help consumers cut cost and bring insurance purchasing directly to the buyer. For the most part, this has not been successful after many attempts to bring their new platforms and methods to the internet. Attempts include:

• ECoverage which is probably the earliest online insurance startup to offer insurance. This platform went out of business several years after it was luanched in 1999. 
• Esurance also started in 1999 and was acquired by Allstate Insurance in 2011. As of early 2017, they have yet to turn a profit.
• Google started an online insurance shopping platform some years ago. They officially shut it down in early 2017.

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​A recent study conducted by the AAA Foundation for Traffic Safety showed that teen drivers between the ages of 16 and 17 were three times more likely than adults to be in fatal car accidents. Researchers chose to release the study recently since the period between Memorial Day and Labor Day marks the deadliest period for teen traffic accidents each year. More than 1,500 people were killed during the past five years in crashes where inexperienced teens were behind the wheel.

​There are 3.5 new cyber security threats created every second according to researchers at Trend Micro. Protecting your business and customer data can seem daunting in this ever-changing landscape of cyber security. By educating yourself on some of the most common cyber threats, you can begin to take action to protect your company and customers. Here are the four cyber-attacks you need to know about in order to protect your small business.

​Many companies have relaxed their social media policies in recent years. For one, more companies want their workers to be active on social media, and it may even be part of their job description. Some studies have even found that employees who use social media outperform those who don’t.
But sometimes employee social media usage gets out of hand—whether they’re using it at home or from their work computer. These situations can put companies in a prickly position, as they are forced to decide whether the social media blunder is severe enough to warrant termination.
Here’s a look at five common reasons people get fired for their social media usage along with real-life examples:

​Brush fires and wildfires are a concern for multiple locations throughout the United States. Philadelphia Insurance Companies encourages policyholders to learn more about this exposure and the ways to prevent structural damage from these fires.

Brush fires can attack a building in three different ways: