Special Event General Liability Insurance
Whether you own a special events business or you are planning to have an occasional special event for your company, group or organization, there are a number of responsibilities and details that must be worked out in order for the event to go off successfully. Aside from scheduling locations, times, people and performers, employees, volunteers and so on, you must also ensure that your company or organization is protected fully against potential legal or financial problems that can arise. That’s why you need to get general liability insurance for special events.
Bodily Injury Coverage
Business general liability includes several different forms of protection for your company as well as your customers. Bodily injury coverage is the part of your policy that helps if someone is physically injured on your premises. If, for example, someone is injured when a hot plate of food spills on them at your special event, this section of your insurance can pay for them to receive medical care.
Property Damage Coverage
Some special events draw large crowds but even small local events come with the risk of property damages. If a customer’s personal property is damaged while they’re at your event or on your business premises, this section of your general liability insurance protects you by paying for the cost to get that person’s property repaired.
Products and Completed Operations Coverage
If you sell products and one of the products is defective, it can hurt or injure people who purchased the product from you. Products and completed operations coverage is the portion of your general liability insurance for special events that pays for those injuries and the cost of recovery when this happens. Completed operations coverage works similarly, in that it pays for damages and injuries that are caused by services that you rendered previously.
Personal and Advertising Injury
Personal and advertising injury protection is the section of your general liability insurance that provides both legal and financial coverage when someone accuses your company of harming them in other ways. Instead of physical injuries or property damages, harm in this case means intellectually or by reputation. If, for example, a competitor files a lawsuit against your company with claims that you said false things about them publically, this section of your special events insurance will pay for the cost of legal defenses and settlements if needed.
Damage To Premises Rented To You
Rental premises protection is specifically designed to protect structures and properties that you rent for business purposes. If, for example, you rent a building to use for a large special event then this section of your general liability insurance will protect that structure if it comes to harm. If a fire is started by your employee for example, or customers damage the walls, then this coverage pays to have the repairs made.
Medical Expense Limit
Medical expense limit coverage is similar to the bodily injury coverage that you have in your general liability insurance for special events. This one however, allows you to take care of minor or small accidents and injuries that happen to customers in or around your business. By paying for minor issues even when you’re not at fault for them, you can avoid more expensive legal actions in the future.
Limits of Liability Insurance
- Each Occurrence – Commercial general liability policies limit the total amount of benefits paid to a person based on individual occurrences of claims.
- General Aggregate – A general aggregate amount is the combined total of benefits that your policy will pay regardless of how many occurrence claims there are.