Get Protected with the Right Policy for Your Special Event
Planning or hosting a special event requires a lot of preparation, and one important part of the planning process is making sure you have the right insurance coverage. To make sure you are protected, you will need a specific type of liability coverage called special event liability insurance.
What is Special Event Liability Insurance?
Special event liability insurance policies are designed to primarily cover losses associated with property damage and bodily injury that may occur at an event. Most venues require event liability insurance before allowing an event to be hosted at their site. They will typically ask for proof of event liability coverage in the form of a Certificate of Insurance.
Special event liability insurance can provide coverage for a wide range of incidents that could occur at your event. Some examples of potentially covered occurrences include:
- A guest who slips and falls
- An injury sustained during an altercation between guests
- An accident resulting in damage to the venue's property
- Alleged liquor liability claim after intoxicated person left the event and injured a third party
Who Needs Special Event Liability Insurance?
If you're involved in hosting, planning, or organizing any special event, chances are you should be purchasing a special event liability policy. Types of events that may require coverage include:
- Art festivals
- Trade conventions
- Auto shows
- Running events
Venue requirements aside, getting special event liability insurance is highly recommended to protect yourself. If something goes wrong at your event, you could be faced with a lawsuit. The cost of a one-time policy is low compared to the costs you could incur without protection.
If alcohol is being served at the event, you can add Liquor Liability coverage to most special event insurance policies if the proper procedures and protocols are in place. This added coverage applies to bodily injury or property damage caused by an intoxicated person who was served alcohol at your event.
Getting the right special event liability insurance is crucial to making sure you meet the requirements of your venue and are protected if a claim is filed against you.
Contact us today at 716-631-0190 to learn more about special event liability insurance
Article written by: Philadelphia insurance