Risk management
Insurance
MUCH HAS BEEN WRITTEN OVER
THE YEARS ABOUT THE MOST
COMMON TYPES OF COMMERCIAL
INSURANCE available to business own-
ers, specifically rink owners and opera-
tors. Any good business person knows that
a rink must be insured for loss, be it from
fire, wind or some other peril. If the rink
is leased, the building may be insured by
the owner/landlord, but the operator is re-
sponsible for their contents and improve-
ments and betterments. And, the operator
may be liable to the building owner for
loss, if such loss results from the operator's
negligence. Third Party Property Damage
coverage is necessary under these circum-
stances since the building is in the "care,
custody or control" of the operator, and
therefore not covered for loss under the
Commercial General Liability policy.
Liability insurance is a must for the rink
owner/operator. If the rink is owned, the
assets of the owner and his or her partners,
if any, are at risk in the event of a loss
resulting from their alleged negligence. Of-
ten times, the defense costs paid by the
insurance company in defense of a claim
PHOTOS: ADOBE STOCK
34 / NOVEMBER.DECEMBER.2018 USICERINKS.COM
Are You Assured
of Your Insurance?
by CHERYL MEYERS
