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Why your special event may need special insurance attention

The city of Montgomery is buzzing with excitement, as it prepares for the historical anniversary of the march from Selma to Montgomery that took place 50 years ago. For almost the entire month of March, there will be special events at venues, museums, parks, stores and other local businesses to commemorate the march and honor those who made the 54-mile walk, led by Dr. Martin Luther King, Jr. in 1965.

With dozens of events planned for visitors and community members throughout this month, now is a good time for business owners and individuals who may be hosting an event to consider a Special Event Policy. Should damage or accidents occur on your property during their special occasion, this could protect you from litigation.

Listed below are a few different areas of coverage which we suggest businesses look into, for any type of special event:

  • General Liability insurance: This protects a company and parties involved, in the event of losses due to bodily injury or property damage caused by the insured’s employees or agents. Additionally, businesses should note that if they are working with a venue or another third party such as an event planner, an additional $1,000,000 might be required.
  • Liquor liability insurance: If you are planning to have alcohol at your event, this is absolutely necessary; especially if you are at a venue in which the bartenders are not covered by outside insurance, or if you directly employ part-time bartenders.
  • Cancellation insurance: Reimburses you for expenses and/or revenue for insured concerts, conventions or other special events that may be canceled, postponed or curtailed for uncontrollable reasons and/or catastrophic conditions.
  • Worker’s Compensation: In the event that one of your employees sustains injuries while working your event, Workers Compensation will provide medical benefits and salary compensation to that employee.

Whether you’re hosting an event this month or sometime down the road, a Special Event Policy is something that all businesses should consider to make sure that they are covered, if something were to go wrong.

For more information about Special Event Policies, visit our online resources or contact a Starke representative and we will provide you with the information you need to give you and your business Confidence Moving Forward.