Special Event Insurance
General FAQs and Definitions
What does a General Liability policy include?
Event Liability Insurance is also known as Commercial General Liability Coverage, Special Event Liability Coverage or Short Term Liability Coverage. This coverage is designed to protect the Insured Event Holder, Concessionaire or Vendor against lawsuits arising by third parties for bodily injury or property damage.
Collapse of Temporary Structure Liability
Most liability policies have provisions that exclude coverage for collapse of temporary structures. Collapse of Temporary Structure Liability is an optional coverage available when purchasing RVNA Event Liability Insurance. Damage to vehicles would not be covered.
Most liability policies have provisions that exclude coverage for contractual liability. Contractual Liability is an optional coverage available when purchasing RVNA Event Liability Insurance.
Damage to Premises
Damage to Premises coverage is included with an RVNA Event Liability Insurance policy. Higher limits are available.
Hired and Non-Owned Automobile Liability
Hired and Non-Owned Automobile Liability Insurance protects the insured against third-party lawsuits arising from the use of automobiles which are not owned or are rented, chartered or hired by the insured, such as a chartered bus. Hired and Non-Owned Automobile Liability coverage is an optional coverage available when purchasing Event Liability Insurance.
Host Liquor Liability
Host Liquor Liability Insurance provides protection for the event holder against bodily injury or property damage suits brought by parties whose injuries arise from actions of an intoxicated event guest. Host Liquor Liability coverage applies only if there is no transfer of money for alcohol or service/product packages that include alcohol. If there is any money changing hands and alcohol is served, Host Liquor Liability coverage does not apply, only Liquor Liability coverage will provide the proper protection. Host liquor liability insurance is included at no additional charge with an RVNA Event Liability Insurance Policy.
Liquor Liability Insurance provides coverage and defense for an event holder who charges for alcohol and is sued for bodily injury or property damage caused by intoxicated event guests. If there is any money changing hands and alcohol is served, Liquor Liability coverage provides the proper protection. It also provides coverage if the event holder violates any statute, ordinance or regulation relating to the sale, gift, distribution or use of alcoholic beverages. Liquor Liability Insurance is an optional coverage available when purchasing an RVNA Event Liability Insurance.
Medical Payments is an optional coverage available when purchasing RVNA Event Liability Insurance. It pays the cost of an injured person’s medical expenses up to the limit chosen, without consideration of who is at fault. Medical Payments coverage often helps avoid lawsuits by giving the Insured Policyholder a hassle-free means to appease potentially litigious injured persons.
Third Party Property Damage Liability (Care, Custody, Control Liability)
Most liability policies have provisions that exclude coverage for physical damage or loss to property while it is in the care, custody or control of the insured. Care, Custody, Control Liability (also known as Third Party Property Damage) is an optional coverage available when purchasing RVNA Event Liability Insurance.
Terrorism coverage is an optional coverage available when purchasing Event Liability Insurance.
Vendor/Concessionaire/Exhibitor Insurance (also known as Event Liability Insurance, Commercial General Liability coverage, Special Event Liability coverage or Short Term Liability coverage) is available for event holders and vendors through specialeventinsurance.com. This coverage is designed to protect the insured event holder, concessionaire, exhibitor or vendor against lawsuits from third parties for bodily injury or property damage.
A vendor, also known as an exhibitor or concessionaire, is a person or firm that operates a business within the premises belonging to another under a concession, usually as the seller of certain goods or services during a short duration event, such as a carnival, convention, concert, fair or flea market.
Waiver of Subrogration
Waiver of Subrogation is an optional endorsement available when purchasing Event Liability Insurance. It is needed if a rental agreement requires such an endorsement. When a Waiver of Subrogation Endorsement attaches to an Event Liability Insurance policy, the insurance carrier cannot seek restitution from a third party. Without a Waiver of Subrogation, your insurance carrier may choose to sue a third party to recover the amount of a claim paid if the loss was caused by that third party — this is called subrogation. Some facility rental agreements, such as the one in the case above, require you to waive your right of subrogation – and therefore your insurance company’s rights – against the facility owner in the event of a claim.
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