Promoter Insurance – Special Event Promoter Insurance
Promoter Insurance
Allen Financial Insurance Group & The Equestrian Group
Special Event Promoter Insurance
Tailored protection for your entertainment businesses in one portfolio.
It is essential that your entertainment business be protected with a Special Event Promoter Insurance Policy specifically designed for your operations. Event Promoters and managers are unique and can’t be insured like other businesses. In order to meet these special needs, we have designed an insurance package that increases coverage where event managers, promoters and producers need it most. Our goal is to provide more for the insurance dollar than any of our competitors.
Our Event Promoter Insurance package program provides many forms of coverage that are not found in standard coverage forms. Additionally, the limits for many standard coverage parts have been increased substantially. Coverage can be customer designed to meet the particular needs of your operations.
Special Event Promoter Insurance (General Liability)
Full Occurrence CGL Liability Form
Premises Liability
Personal Injury & Advertising Injury Coverage
Blanket Contractual Additional Insured’s
Independent Contractors
Products & Completed Operations Coverage
Host Liquor Legal Liability
Premises Rented To You – $100,000 property damage coverage for premises rented to you.
Additional Insured – If a written contract requires you to name someone else as an additional insured on your policy, we can automatically extend that status to them.
Special Event Reporting Form – Coverage may extend to special events you may manage, promote or produce.
| Per Occurrence | $100,000- 10,000,000 |
| General Aggregate | $100,000- 10,000,000 |
| Aggregate Products / Completed Operations | $100,000- 10,000,000 |
| Personal / Advertising Injury | $100,000- 10,000,000 |
| Medical Payments | $5,000 |
| Fire Legal Liability | $100,000 |
Optional Coverage
 | Dram Shop Liquor Liability –your business may be eligible for liquor liability coverage. Availability varies by state. |
| Automobile |
| Boiler & Machinery |
| Event Cancellation & Non-Appearance Insurance |
| Weather Insurance |
| Directors & Officers Errors & Omissions |
| Employee Benefit Liability –provides coverage for financial losses relating to private employee benefit programs due to administrators’ errors and omissions. |
| Workers Compensation |
| Umbrella |
Property Coverage
Property
- Full Replacement Cost Property Coverage –Special perils on buildings, business personal property, loss of income and extra expense.
- Comprehensive Package Policy –All property coverage in one policy including Crime, equipment breakdown, inland marine.
- Property Off Premises– $50,000 coverage for business personal property off premises
- Property In Transit– $5,000 coverage for business personal property in transit
- Business Income & Extra Expense– $100,000 coverage for business interruption expense.
- Computer & Electronic Equipment Coverage– No separate form needed for computer property.
- Valuable Papers– $25,000 coverage for the reconstruction or restoration of valuable papers.
- Fine Arts– $25,000 coverage for fine arts
- Employee Dishonesty– $25,000 coverage for acts of employee dishonesty
- Corporate Image Restoration– $25,000 coverage for expenses incurred to restore the Named Insured’s reputation arising out of Improper Acts by any natural person.
- Temporary Meeting Space coverage– $25,000 reimbursement for rental of temporary meeting space which is necessitated by the failure of Insured’s primary climate control system.
- Business Travel– $25,000 coverage for business travel ADB to the Named Insured if a director or officer suffers an injury while traveling on a common carrier for business.
- Identity Theft Expense –$25,000 reimbursement for any director or office who becomes a victim of identity theft.
- Keyman Replacement Expense– $50,000 coverage for the CEO or Executive Director who suffers an injury resulting in loss of life.
- Kidnap coverage– $50,000 coverage for reasonable fees incurred due to the kidnapping of any Officer, Director, their spouse, domestic partner, parent or child.
Things you should know about Promoter Insurance – Special Event Promoter Insurance
Things you should know about Promoter Insurance – Special Event Promoter Insurance
Why Do I Need Special Event Liability Insurance?
If you organize family, business or community events, you know how much planning and effort is involved to make the occasion both safe and successful for everyone involved. Even with the most careful planning, unexpected situations can arise that you might not be prepared for. Without adequate liability protection you will have to pay damages and defense costs yourself. If the damages and costs are high enough you may suffer financial hardship or bankruptcy.
Certificate of Insurance vs Additional Insured Endorsement
When producing a special event you will often be asked to provide a certificate of insurance to verify the existence of insurance coverage under specific conditions. More specifically, the document lists the effective date of the policy, the type of insurance coverage purchased, and the types and dollar amount of applicable liability.
Frequently, another party such as the venue or a sponsor will ask to be named as an additional insured on your policy. The additional insured then enjoys the benefits of being insured under your policy your for negligent acts and omissions but not for his own negligence.
What is Third Party Property Damage Liability / Care, Custody, Control Liability
Most liability policies have provisions that exclude coverage for physical damage or loss to property while it is in the care, custody or control of the insured. Care, Custody, Control Liability (also known as Third Party Property Damage) is an optional coverage that will pay for direct physical damage the the rented premises.
Event Cancellation Insurance including Non-Appearance
This policy reimburses you for your net loss should the performance or event be necessarily cancelled, postponed or rescheduled due to any peril except what is excluded.
If your event relies on the appearance of a person or group (performer, speaker, player, invited guest, team, etc.), the non-appearance option will protect you from the non-appearance of that individual.
Certificate of Insurance vs Additional Insured Endorsement
When producing a special event you will often be asked to provide a certificate of insurance to verify the existence of insurance coverage under specific conditions. More specifically, the document lists the effective date of the policy, the type of insurance coverage purchased, and the types and dollar amount of applicable liability.
Frequently, another party such as the venue or a sponsor will ask to be named as an additional insured on your policy. The additional insured then enjoys the benefits of being insured under your policy your for negligent acts and omissions but not for his own negligence.
What is the Difference between Host Liquor and Liquor Liability coverage?
Host Liquor Liability Insurance provides protection for the event holder against bodily injury or property damage suits brought by parties whose injuries arise from actions of an intoxicated event guest. Host Liquor Liability coverage applies only if there is no transfer of money for alcohol or service/product packages that include alcohol. If there is any money changing hands and alcohol is served, Host Liquor Liability coverage does not apply, only Liquor Liability coverage will provide the proper protection. Host liquor liability insurance is included at no additional charge with an AFIG Event Liability Insurance Policy.
Liquor Liability or Dram Shop Coverage provides coverage and defense for an event holder who charges for alcohol and is sued for bodily injury or property damage caused by intoxicated event guests. If there is any money changing hands and alcohol is served, Liquor Liability coverage provides the proper protection. It also provides coverage if the event holder violates any statute, ordinance or regulation relating to the sale, gift, distribution or use of alcoholic beverages. Liquor Liability Insurance is an optional coverage available when purchasing an AFIG Event Liability Insurance.
What is Waiver of Subrogation?
Very often, a contract or lease agreement will require one or both parties to waive their rights of subrogation. Subrogation means one party has the right to “step into the shoes” of another party for the purposes of bringing a claim for damages. Suppose you experience a financial loss due to the negligence of a third party. Normally you could sue the responsible party for full restitution but if your insurance company pays the claim your insurer is then subrogated to your claim against the negligent party. In essence, your insurance company has been given your rights of recovery after paying your claim. Before you sign a contract containing a waiver of subrogation, check with your insurance agent to be sure you are not violating any of the terms of your insurance policy. If your policy will not permit a waiver, you may be in danger of losing your insurance coverage, leaving you without policy proceeds or a cause of action against the other party. If the insurance company does permit a waiver of subrogation, it may be necessary to obtain an endorsement to the policy and, in some cases, pay an additional premium.
Weather Insurance
Weather Insurance protects against adverse weather conditions that reduces attendance and revenue. It is designed to offset not only the revenue lost due to reduced attendance but other revenue sources such as concessions, food and parking. It can cover perils such as Rain, Snow, Wind and Temperature. Standard property insurance typically covers income losses only when they result from direct physical damage to insured property by a covered peril. Weather insurance fills a gap by providing coverage when weather causes a loss in income or increase in expenses, but with no attendant physical damage.
Liquor Legal Liability… Things you should know
Special Event Risk Management
Special Event Promoter Insurance – Promoter Insurance
Contact us by phone (800) 874-9191, FAX (602) 992-8327
or email below for more Special Event Promoter Insurance – Promoter Insurance information.
