Certificate For Public Event
Table of Contents
- What happens if I don’t have event insurance?
- How can I protect my business with event insurance?
- How much does it cost?
- What is an event insurance certificate?
- How to buy Event Insurance and certificate?
Small mismanagement in an event can collapse the whole event. Therefore, public event insurance is very important. This is to save your back if things start falling apart at the event. For example, if (God forbids),a stage collapses at an eventthat’s bad enough. Of course, the event has been ruined. But that is the smallest of all consequences. The real consequences are property damage, injuries,and even deaths. This article entails a complete guide about public event insurance in Florida. Take a look.
What happens if I don’t have event insurance?
In case of the absence of event insurance, the effects of such misfortune take a toll. There is a grave lawsuit waiting to sue the event organizing company, and it might squeeze one hell of money from you for settling this. And settling a dispute in court might even put you out of business completely. If a business or organization is holding a public event outside its regular business location or if they are leasing equipment, they are required to provide proof of insurance coverage ,i-e Insurance certificate, to the equipment or location leasing company.
How can I protect your business with event insurance?
Hire experienced vendors
The first step towards avoiding any event mishap is to hire reputable and responsible vendors. Those who do not cut corners and have a fully trained workforce. Ultimately, you want to avoid a mishap in the first place.
However, despite hiring the best vendors, the event might become ugly because of an uncontrollable catastrophe, like hurricane and earthquake.
This is where Insurance policies come in. Get your event insured with a good insurance plan.
Get proof of insurance
If you are the event host, make sure the vendors you have hired are properly insured. Quite often, the location of the event will dictate specific insurance minimums. You should check with your insurance company for specific guidelines to protect your business.
Ask your vendor for an Insurance certificate, which is proof of insurance. This Certificate will provide the details about the vendor in question, the amount of insurance they hold (usually $1-5 million), the insurer company, the dates the policy is valid, and the type of insurance. Usually, you are only looking for General Liability, but if alcohol is served at an event, then you must also look for Liquor Liability insurance.
Get added as an ‘Additional Insured.’
Getting an insurance Certificate is not enough because it only tells that the vendor is properly insured. For grave issues, you can be sued.
Another measure that you must take is to ask toget your company insured under the vendors’ insurance policy as an “Additional Insured.” This means that the vendor’s insurance will cover you as well. This willbe listed on the Insurance Certificate in the comment box.
If you want to be smarter about it, then instead of getting added for one event, make the vendor include any setup or break down days.
How much does it cost?
Public Event Insurance starts at $50. This includes General liability such as physical Injury and Property Damage and Host Liquor Liability. Below given add-ons can also be selected:
- Third-Party Property Damage/ Leased equipment damage
- Temporary Structure collapse liability
- Damage to Premises liability (this includes Fire Liability)
- Hired or Rented Auto Liability
- Liquor Liability (for selling alcohol at your event)
- Medical Payments
What is the Event Insurance certificate?
An insurance Certificate entails the type of insurance coverage you’ve purchased for your event, mentioning dates and coverage limits. While organizing an event, it is the proof of insurance that venues request.
How do I get a certificate of event insurance?
What is the purpose of event insurance?
Anevent insurance is to help you recover the losses which you might face when an event hit an undesirable situation. This is to save your back in the hour of catastrophe so that you be back in the game as quickly as possible. In case of the absence of event insurance, grave lawsuits will not only squeeze one hell of money from you but might even put you out of business completely.
Does event need insurance?
If a business or organization is holding a public event outside its regular business location or if they are leasing equipment, then they need event insurance coverage.