The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any given time, creating the opportunity for many different risks. Home to the Anaheim Ducks hockey team, the Honda Center also hosts numerous concerts and public venues like the circus and rodeo. The venue was completed in 1994, can seat 17,500 people, and employs 265 full-time and over 1,000 part-time workers in areas like housekeeping, food and beverage operations, and maintenance facilities.
Kevin Bogart, president and partner of Southern, Calif.- based Wood, Gutmann and Bogart Insurance Brokers, says a risk like the Honda Center not only requires numerous insurance policies but also very high limits of coverage. Because of this, working closely with the carriers and insured has been crucial to making sure a venue like this one is adequately insured.
In this edition of Markets-in-Motion, Bogart and Honda Event Center Chief Risk Officer, Paul Vogelgesang, discuss what it takes to insure a risk of this size: