Events are expensive. Life is unpredictable.
With all of the time, effort, planning and funding that goes into special events, aren’t they worth protecting?
As wedding season and summer event time approaches, be sure to consider this type of coverage protecting the financial side of life’s big moments.
Why protect the investment? Well, if you look at the average cost of life events in 2018, weddings come in at $33,391, bar mitzvahs clocking at 11,575, and hosting most sporting events is $50,000-100,000 on average. The last thing most hosts want is to incur additional costs when things don’t go as planned.
Midwest Certified Insurance Agency can help you find coverage for various types of events including:
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Social Events
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Weddings, banquets, reunions, retreats, dances, baptisms, bar mitzvahs, ect.
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Sporting Events and Competitions
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Races, Dance Teams, Golf Tournaments, ect.
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Musical Events and Entertainment
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Awards Shows, Carnivals, Dance Competitions, Comedy Shows, Circus, ect.
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Trade Shows/ Business Events
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Auctions, Antique Shows, Business Conferences, Speaking Engagements, Toy Drives, ect.
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Educational Events
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Conferences, Educational Seminars, Lectures, ect.
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Fairs & Festivals
What type of coverage can be obtained for a special event?
- Comprehensive General Liability – helps the insured if somebody gets injured or damages occur to the property where the event is being held when legally liable
- Liquor Liability coverage – additional coverage of liquor related incidents
- Umbrella/Excess Liability – increases the amount of financial protection for general liability
- Large Excess Limits – large amounts of coverage for large events
- Automobile coverage for Owned/Non-Owned/Hired Auto – protects against auto incident costs
- Event Cancellation – helps to cover the costs associated with cancellation of an event
Claim Scenario Examples:
- $100,000– During a concert sponsored by the insured, a fight broke out in
the stands. In addition to the individuals involved in the fight,
three innocent bystanders sustained injuries. Claims have been
filed by the innocent bystanders for lack of proper security. - $10,000– At a winter antique show the claimant allegedly cut her lip when a glass she was drinking from broke. She is looking for compensation for this injury.
- $10,000– Claimant who was found to be intoxicated, states that a chair
was taken away by one of the insured’s employees as he was
sitting down, causing him to fall to the ground and injure his
back. He was taken to the emergency room and released. He wants the medical costs covered due to the mistake of the staffer at the event. - $2,500– During a fundraising event, the claimant tripped over an electrical cord that was taped to the floor and sustained a knee injury. They want their medical costs covered for lack of safety at the event.
- $2,500– During a golf tournament, a spectator was struck in the head by
a golf ball and sustained a concussion. They want their medical costs covered due to the unsafe environment at the event causing their injury.
