Tucson Gem Show Insurance Requirements From Pima County

Tucson Gem Show Insurance Requirements From Pima County

tucson gem show insurance requirements from pima county

Tucson Gem Show Insurance Requirements From Pima County

This year may be the last year Tucson will host the world’s largest gem and mineral show. The show is administered by the Pima County Stadium District, Kino Sports Complex/Tucson Electric Park. Due to political and fiscal controversy surrounding the show, event organizers are considering pulling the plug on one of Tucson’s largest annual revenue generating events.

Tucson Gem Show Insurance Requirements From Pima County

The 1,000′s of vendors that migrate to Tucson every January for this event arrive with hopes of selling, trading, bartering, exchanging and buying everything from precious stones like diamonds and sapphires to stones like quartz and petrified wood. It is the best opportunity for anyone in the market to make a deal on the widest selection under several roofs. The show spans the entire Tucson Downtown area and even spills over to surrounding business parks.

As with each event put on in America, the sponsor/promoter requires that each vendor obtain Commercial General Liability Insurance in order to protect the vendor and the sponsor/promoter. Typical liability limits for such events are $1,000,000/$2,000,000. What do those numbers mean? The first is the amount the insurance carrier is responsible to pay for a single claim occurrence. If a vendor shows up at his designated location and backs his dolly into his neighbors display destroying $1,000′s worth of merchandise and sends the neighboring vendor to the hospital, the first policy limit ($1,000,000) is the maximum amount that will be paid out in that occurrence.

If our negligent vendor has another occurrence while in Tucson, the second policy limit ($2,000,000) sets a maximum amount the insurance carrier is responsible to pay out. Our negligent vendor effectively has up to $2,000,000 of coverage to pay for accidents he is responsible for.

Pima County Stadium District is also requiring vendors that will be operating a vehicle in conjunction with his operations, to carry Business Auto Insurance with a Combined Single Limit of $1,000,000. Combined Single Limit offers the one limit, in this case $1,000,000, to cover any and all damages sustained, whether the damages are bodily injury or property damage, per each occurrence with no annual maximum. Our negligent vendor could accidentally back into one of our local Tucson residents and cause up to $1,000,000 of total damages, bodily injury and/or property damage. The insurance carrier is responsible for paying all sustained damages up to the policy limit.

Vendors will also need to add Pima County Stadium District Pima County and the Arizona Diamondbacks as an Additional Insureds on both the CGL and the Business Auto policies. Please reference my article titled “How Additional Insured Endorsement can Negatively Effect General Contractors” Published at Ezines.com and Amazines.com for a better explanation of how the Additional Insured Endorsement is used to protect all parties involved.

I am hopeful that this will not be the last year Tucson will host the Gem and Mineral Show. This show brings millions of dollars into our local economy during a time when most cities are recovering from the Holidays. We get our largest annual economic boost the first month of the year. It would create a huge economic void in our local economy if it were to go to another community. Our local politicians have not made much progress in appeasing the Gem Show promoters by increasing area parking, upgrading downtown hotels and expanding Tucson’s convention center. If you are planning on vending or visiting this years gem show, feel free to contact us for any assistance.

tucson gem show insurance requirements from pima county 2

Add a Comment

Your email address will not be published. Required fields are marked *