One Day or Special Event insurance is a critical kind of liability protection for particular people or for-profit and non for profit enterprises which sponsor specific activities which are not normally covered under the commercial general liability for any causes. These causes could range from the fact that few event organizers may not be owning any liability insurance at the moment and they want some sort of insurance for a certain event, or their current liability insurance does not offer ample protection at the distant location where the event will happen. Individuals can get this special event insurance as a short-term protection.

Parties, weddings, concerts, sports competitions, presentations, exhibitions and markets whether done as organizations, individuals, clubs, religious entities, and business entities that promote or host activities that are not included in their General Liability Policy, are normally required to provide this insurance when and if needed. Usually, owners of the facility where the function will happen, auditorium, park, city or state authorities will request from the customer to have their name reported as additional insured on all certificates of insurance.

What Is Covered Under Special Event Insurance. Coverages provided under one day event, or special event, comprise of bodily injuries and property damages for which the insureds become legally liable for on or during the event time. Special event plans may offer business general liability coverage, liquor liability (dram shop), and other legal defense for claims of negligence made against the insured, or the individuals organizing the event. In nowadays’ litigious culture, event coordinators face potential liability adverse legal actions from people participating in the activity.

Coverage that comes normally included:

Each Occurrence – Premises Liability
Product & Completed Operations
Personal and Advertising Injury
Rented Premises, also called Fire Legal
Medical Payments (optional)
General Aggregate

Limits on these coverages can vary, but they are normally set at $1,000,000 each occurrence.

Liquor liability, garage liability, or any other liability that is not precisely scheduled in the policy will not be covered. To be covered, liquor liability, for instance, must be added to the coverage by an endorsement.

Certificate Holders and Additional Insured: Normally landlords / managers of the site where the event will occur (for example: ball room owners, park districts, villages and towns, show organizers, etc.) will require that the event planners provide evidence of insurance for the time of the event. People requiring the evidence of insurance want to be assured that in the instance of any adverse legal action the requesters will have the Special Event insurance comes to the picture and defend them as well.

Elements Affecting Rates and Prices

The main factors determining cost of insurance are:

1. Definition of Activities. Providing insurance for an event with gymnastic or other sport activities will cost more than a different event for wedding, for instance.

2. Time Frame of The Event. A five day event is more costly than a two day event.

3. Number of Attendants. The more folks involved in the event the more money customers must pay for this insurance.

4. Liquor Consumption. If attendants use liquor in the event then an extra coverage will be necessary. That additional insurance is called ‘Dram Shop’ or liquor liability insurance.

Many insurance companies provide online information for one day event. But to get the proper quote you might have to speak with an independent insurance agent who can tell you exactly what is required.