It affords area of interest insurance coverage options similar to athletic insurance coverage for groups/leagues, camps, and tournaments, insurance coverage for leisure, leisure and sports activities amenities, occasion legal responsibility and cancellation, prize indemnity, climate insurance coverage, liquor legal responsibility and particular occasion legal responsibility.
A launch mentioned that ESP lined greater than 850,000 youth members in 2021, and that it had over $1.5 billion in insured limits protecting particular occasions of every kind.
“ESP is on monitor to change into a number one supplier of protection for the sports activities and leisure trade,” mentioned SPG president and CEO Christopher Treanor. “They’re a pleasant complement to our portfolio of specialty firms and match with our mannequin of buying firms with area of interest experience and a give attention to customer support, together with providing on-line providers that make it sooner and simpler to get insurance coverage protection.”
“Merely acknowledged we’re right here to construct a winner for SPG. The group at ESP is past excited to hitch SPG and proceed to scale each our product choices, our service group and technological capabilities to purchasers,” mentioned ESP and SHEL Threat Buying Group president Chris Worth.
Worth added that whereas ESP was not trying to get acquired, speaking with Treanor and the SPG group revealed that SPG “had a imaginative and prescient and a plan for the operation that made it inconceivable for us to not be a part of the household on the go ahead,” the president acknowledged.
Final month, SPG appointed Eli Orozco as its new director of promoting. Orozco joined SPG from cell options developer Bretford, the place he served as advertising director. He was additionally previously the founder and head of promoting operations at EXPLORE VDG, a journey company service devoted to luxurious holidays in Valle de Guadalupe, Mexico.