Event Public Liability Insurance
Event public liability insurance is designed to protect the event organiser, venue owner and any other person or company involved in an event from lawsuits filed by injured participants. It covers claims for bodily injury, property damage, or personal injury arising from the organisation’s negligence in staging a sports, recreational or social event.
If you would like to read more information or learn more about the pricing of business insurance, you can do so here.
Types of Event public liability insurance
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General Liability Insurance
This insurance package is designed to protect individuals and companies from lawsuit claims arising out of personal or property damage. It’s also used by businesses operating in various industries as part of their business insurance protection policy, such as event organisers, venues, sponsors etc.
Due to the nature of public events, many people are involved in organising an event: venue owners, volunteers (including referees, coaches and other officials), sponsors, organisers themselves etc. The liability insurance policy provides peace of mind to all these parties as it covers claims arising out of their negligence or one of the volunteers’ actions (e.g., referee).
2. Tenants Legal Liability Insurance
This insurance package is designed to protect tenants (businesses and individuals) from lawsuits filed by third-party property damage. It covers claims for bodily injury, personal injury or property damage arising from the tenant’s use of the premises. The policy also includes legal defence costs, which can be pretty costly depending on the severity of the claim.
The policy also covers event sponsors as they can be held liable if an injury occurs at the event. If a lawsuit is filed, the insurance will provide legal defence costs and financial damages to the sponsor. This type of policy is essential for companies who want to protect themselves from potential lawsuits.
3. Special Event Coverage
This insurance will protect event organisers who do not have the required public liability insurance in place. It’s also offered as a stand-alone product for those small businesses operating within industries prone to lawsuits (e.g., construction, telecom etc.)
The policy covers bodily injury, property damage and personal injury arising out of an organisation’s negligence relating to the staging of a social or recreational event. It also includes legal defence costs, which is essential for those businesses who want to protect themselves from potential lawsuits.
4. Liquor Liability Insurance
Liquor liability is a policy that protects establishments that serve alcohol to their customers. The insurance protects the business from lawsuits filed by third-party individuals injured or killed due to drinking alcohol at the establishment.
The liquor liability policy will provide financial damages to the individual if they file a lawsuit against the business. It’s essential for businesses that serve alcohol to their customers, such as restaurants and bars. The policy is also vital for individuals who serve alcohol at private events (e.g., weddings). It will protect them from potential lawsuits filed by guests of the event that get injured or killed after drinking too much liquor.
5. Medical Payments Insurance
Medical Payments coverage is also significant for those hosting events. This coverage will provide medical payments for injured participants up to the policy limit. It’s essential to have this type of insurance to help offset some of the costs associated with an accident. It’s a good idea to have this insurance if you organise a public event.
What type of events can be covered by Event Public Liability Insurance?
The insurance can be used for various events, such as social or recreational events, private parties, weddings, business meetings, birthdays and many other similar events. It’s essential to have coverage in place before the event. This will help protect you from potential lawsuits filed by injured guests.
Why Is Event Public Liability Insurance Important?
Event public liability insurance is vital for two reasons: first, it protects the event organiser from potential lawsuits filed by participants injured due to the event. Second, it provides peace of mind to all the parties involved in organising an event (venue owner, sponsors, volunteers etc.), as they know they are covered in case of an accident.
Having the right insurance policy in place is vital for any business to protect from costly lawsuits. It’s essential to speak with an insurance broker to find the best package that fits your needs.
Find out more about the importance of insurance here.
Other useful links about Business Insurance:
Subcontractor Insurance
Startup Insurance
Surveyor Insurance
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