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California Fair Services Authority (CFSA) administers a Revenue
Protection Program, which reimburses participating fairs for certain
revenue interruption losses from a segregated risk pooling arrangement.
In 2010, the program's fee schedule was changed to reflect risk exposure increases stemming from changes in annual fair dates. At this time, 14 fairs had either changed or were considering plans to change the dates of their annual fair. (Date changes add risk because there's little or no revenue history to compare against when calculating lost revenue.)
The new fee structure also takes into consideration the risks associated with the length of an event - lower fees are assessed for fairs with fewer days, and higher fees for events that run through multiple weekends. The new fee schedule was mailed to all fairs in November 2010.
The "Memorandum Describing the Revenue Protection Program Administered
by the California Fair Services Authority" should be used to determine
the actual protections, maximum limits, conditions, limitations
and definitions for the Program. A copy of this Memorandum is available online or in
your fair's Red Book (Claims and Loss Reporting Guide) under General Liability, Tab 5. Here's a look at a program summary, also available in your fair's Red Book.
Note: To access the online copy you need Adobe Acrobat Reader on your computer. If you don't already have it, download it for free from the Adobe Web site: www.adobe.com/products/acrobat/readstep2.html.
If you have specific questions regarding the Revenue Protection
Program, please contact Rick
Wood.
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Summary
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