Special Events Liability Insurance
Special events liability insurance is an important form of coverage that provides
compensation for weather-related damage, injuries and a wide variety of other occurrences during temporary events.
Companies or organizations that hold a temporary event where large crowds are expected to participate need
insurance in the event that something bad happens.
There are many different companies that sell this vital form of coverage. Depending on the
company, provisions vary. Some companies compensate based on occurrences. For this type of coverage, there is a
simple flat rate payable per-occurrence. There is also a total number of occurrences allowed, as well as a maximum
dollar amount. Most insurance companies who offer special event coverage have several different choices for the
dollar amounts and occurrence numbers.
Special Events Liability Insurance Tips
Some companies that sell special events liability insurance compensate based on
certain things that happen. For example, a company may offer coverage for products, personal injury, premises
damage, liquor liability issues and advertising injury. Each company has specific provisions for these and some may
be more detailed than others. It is always important to read the fine print.
Examples of items covered in a typical policy, whether occurrence or otherwise,
are contractual liability, additional co-sponsors added at no cost, divided limits for personal injury occurrences,
inclusive coverage for volunteers or lessors, coverage for medical expenses stemming from failure to provide first
aid to employees or volunteers, assembly or disassembly of equipment and events of terrorism.
Special Events Liability Insurance - Forms of Coverage
Most insurance companies also offer additional forms of coverage for special
events. Third-party damage, spectator or participant medical benefits, participant legal liability, rain and
weather, event cancellation, flood or earthquake, rented equipment or props, boiler or machinery, automobile and
director’s or officer’s insurance coverage may also be chosen. Some companies offer one or more of these additional
coverages, as well as an umbrella policy option.
Special events liability insurance coverage is perfect for large weddings,
concerts, political gatherings, conferences, conventions, exhibitions, sales, shows, theater productions, sporting
events, religious gatherings and large parties. Companies that offer this coverage usually require advance planning
and payment, especially for the most detailed plans. When planning to purchase event insurance, always have the
details of the event on hand before making arrangements. Presence of liquor, the location of the event, whether it
is indoor or outdoor, the expected number of guests and workers and the nature of the gathering are all very
important things the insurance company needs to know.