Event Liability Insurance: Frequently Asked Questions

Event Liability Insurance: Frequently Asked Questions


Find below some of the frequently asked questions related to event liability insurance.

What is a event liability insurance policy ?

Event liability insurance policy is designed to protect you from certain kinds of claims that occurs from accidents taking place during the event. For example, when your guests get injured because of wet floor, you are liable to pay him some money. In general, event liability insurance policy offers coverage in the range of to $250,000 for third-party property damage at the event site for which you are liable.
How to buy a event liability insurance policy ?

To buy event liability insurance policy first you need to select an insurance company. Once you manage to do that, next you have to fill the application form. Often, you have to attach documents like your passport and salary slip with the application form. When insurance company find that the details you have provided is correct, you will receive an agreement paper from the insurance company, which will include the terms and conditions of the insurance policy. If you are happy with the terms and conditions of insurance policy just sign the paper.

The policy premium of event liability insurance is a one-time only payment.
My venue needs me to show proof of liability insurance. Is event liability insurance policy ideally suited for this ?
Is the policy premium of event liability insurance payable monthly or as a one-time fee ?

The answer of this question is yes. Event liability insurance policy allows you to name your venue as additional insureds. Remember that you do not need to pay any extra money for this. If you want, separate insurance certificate depicting the additional insured it can be issued by your insurance company. It is quite pivotal, however, to make sure that the per-occurrence and aggregate limits needed by your venue is in line with your event liability insurance policy.
Does event liability insurance policy provide coverage for alcohol-related accidents ?

Yes, event liability insurance policy does provide coverage for alcohol-related accidents. For example, if accident occurs because of intoxicated guest, you will get coverage on the basis of your insurance policy terms and conditions.