With the holidays right around the corner, talk to your clients about Special Events insurance to protect against potential liabilities, property damage, and unforeseen events.
Typically, holiday parties engage large gatherings of people, especially if the event includes spouses and significant others. Accidents or injuries (like slips and falls) can easily occur, putting a company’s assets at risk in its role as host. A Special Events policy will provide General Liability coverage, protecting a client from potential legal and medical expenses if someone is injured during the event.
Holiday parties may involve rented venues, decorations, and equipment. Special Events insurance can cover the costs of accidental property damage to the venue or rented items, ensuring that the client is not solely responsible for repair or replacement expenses.
If the holiday party includes serving alcohol, the client could face liability for alcohol-related incidents. Special Events insurance can be designed to include Liquor Liability and Host Liquor Liability coverage, protecting the client from potential legal consequences associated with intoxicated guests.
Many venues and vendors require clients to have Special Events insurance as part of their contractual agreements. Having this coverage in place ensures that the client meets the requirements set by the event venue or contracted service providers. Additionally, the venue may require the client to include it as an additional insured on the Special Events policy.
It’s Easy with Abacus to Quote & Bind Special Events Coverage
Abacus provides Special Events insurance coverage for holiday parties, plays, concerts and shows, weddings, festivals, business meetings, and many more events (over 200 classes of events!). There is no limit on attendees, with a maximum event duration of 90 days. The program is available nationally and may include General Liability, Inland Marine, Automobile, Excess Liability, Workers’ Compensation, and Accidental Medical, depending on the event and client needs.
We also have programs for annual and foreign events.
Abacus’s easy-to-use online platform can deliver a quote and bind coverage in minutes.
*NOTE: The insuring agreement in a policy sets out the covered perils, assumed risks, and nature of coverage that the insurance company provides to its insured in exchange for the premiums paid. Thus, the terms and conditions of the policy will dictate whether coverage exists and the nature of any potential benefits.