Event Insurance
Most venues today will request that you have a certificate of insurance naming the venue as an "additional insured." The certificate of insurance confirms the effective date of the policy, the type of insurance coverage purchased, and the types and dollar amount of applicable liability. Generally, venues today will look for a certificate of insurance with a $1,000,000 per incident limit and $2,000,000 aggregate limit. Make sure and read your venue contract carefully to ensure that you know your risks. By naming the venue as an additional insured, the venue is confirming that it will be defended by your policy if brought into a suit that relates to the operations being insured.
Detail:
Planning a festival, party or event from start to finish is a huge undertaking. We work with event organizers around the country and they all are a little different.
Planning the perfect festival/event includes thinking about the "what can go wrongs" and how you can best mitigate unexpected accidents and occurrences. Some key questions to consider include:
1. Have you identified the hazards or perils that the venue may present?
2. Have you identified the hazards or perils that the crowd may present?
3. Have you identified the hazards or perils that the 3rd party vendors you may use are covered? Examples of 3rd party vendors who work for you may include security, food and drink servers, etc.
4. Are the risks identified in (1) and (2) and (3) adequately covered?
5. Have you put together comprehensive plans to manage/cover all eventualities including obtaining event insurance to cover all of your exposures?
Legal Environment
Unfortunately, our society has turned very litigious in recent years and personal responsibility has turned into finger pointing and finding someone else to blame. In this environment, it's just not prudent to not obtain peace of mind by guarding against unexpected occurrences or misfortune and obtaining event insurance. Legal liability is not just limited to special occasion permit holders or event planners. Claims and lawsuits have been brought against venues, clubs, wedding organizers, universities, private hosts, and those managing community events.
Most venues today will request that you have a certificate of insurance naming the venue as an "additional insured." The certificate of insurance confirms the effective date of the policy, the type of insurance coverage purchased, and the types and dollar amount of applicable liability. Generally, venues today will look for a certificate of insurance with a $1,000,000 per incident limit and $2,000,000 aggregate limit. Make sure and read your venue contract carefully to ensure that you know your risks. By naming the venue as an additional insured, the venue is confirming that it will be defended by your policy if brought into a suit that relates to the operations being insured.
Detail:
Planning a festival, party or event from start to finish is a huge undertaking. We work with event organizers around the country and they all are a little different.
Planning the perfect festival/event includes thinking about the "what can go wrongs" and how you can best mitigate unexpected accidents and occurrences. Some key questions to consider include:
1. Have you identified the hazards or perils that the venue may present?
2. Have you identified the hazards or perils that the crowd may present?
3. Have you identified the hazards or perils that the 3rd party vendors you may use are covered? Examples of 3rd party vendors who work for you may include security, food and drink servers, etc.
4. Are the risks identified in (1) and (2) and (3) adequately covered?
5. Have you put together comprehensive plans to manage/cover all eventualities including obtaining event insurance to cover all of your exposures?
Legal Environment
Unfortunately, our society has turned very litigious in recent years and personal responsibility has turned into finger pointing and finding someone else to blame. In this environment, it's just not prudent to not obtain peace of mind by guarding against unexpected occurrences or misfortune and obtaining event insurance. Legal liability is not just limited to special occasion permit holders or event planners. Claims and lawsuits have been brought against venues, clubs, wedding organizers, universities, private hosts, and those managing community events.
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