The Basics of Special Event Insurance
Just as your non-profit clients should have adequate financial protection with the right insurance policies, it’s equally important for their for-profit business counterparts to be insured. Businesses today face many risks, such as Directors and Officers Liability exposure, Liquor Liability for those in the restaurant and bar industry, and even a less thought about coverage, Special Event Insurance risks.
Just as your non-profit clients should have adequate financial protection with the right insurance policies, it’s equally important for their for-profit business counterparts to be insured. Businesses today face many risks, such as Directors and Officers Liability exposure, Liquor Liability for those in the restaurant and bar industry, and even a less thought about coverage, Special Event Insurance risks.
Special event insurance for for-profit businesses protects your clients against possible lawsuits, provides reimbursement for property damage to third parties, and will defend your client in the case of a personal injury claim. In addition, this insurance policy will provide coverage for all sponsors of your client’s event and the venue by adding them onto the insurance policy as additional insureds.
Some business owners may question why or if they really need special event insurance and what exactly it protects against. What if your client were sued as a result of serving contaminated food at their event? This is one example of an incident that would be covered with special event insurance. Or, if your client leases the venue their event is at and there is unexpected property damage, they will be covered financially.
At Charity First, we understand the unique risks that both your Non-Profit and For-Profit Commercial Clients face. Please contact us today at (800) 352-2761 for more information about our products and services.