Event Insurance in Vermont

What is Event Insurance?

Hosting events is a lot of fun, but it also comes with potential liabilities. If something goes awry at an event, the host may be held financially responsible for any property damage or personal injury that results from the incident. Event insurance helps protect people and organizations in Vermont from many of the potential financial risks that come with hosting events.

As mentioned, event insurance may be purchased by individuals or organizations, including businesses, nonprofit organizations, and governments. It’s often used to insure fundraisers, parades, sports competitions, weddings, anniversary celebrations, and birthday parties, as well as many other events.

What Coverages Are Included in Event Liability Insurance Policies?

Event liability insurance policies can include many different insurance coverages, which is why they can be used to insure a diverse array of events. Some of the coverages are broad and purchased by many hosts, while others offer more narrow protections and are, therefore, only occasionally selected by hosts.

Some of the broad coverages that event liability policies might provide are:

• General Liability Coverage, which normally gives hosts protection from a variety of common potential scenarios
• Liability for Rented or Loaned Property Coverage, which might cover equipment or property that’s rented for an event
• Automobile Liability Coverage, which may cover vehicles used during an event
• Liquor Liability Coverage, which might cover alcohol-related incidents at events where alcohol is served
• Product Liability Coverage, which may cover product-related claims arising from products sold or given out at an event (this sometimes includes food)
• Spectator Liability Coverage, which might cover any injuries that event attendees sustain during a show or game

The more narrow coverages that event liability policies can include are numerous. Here are just a few examples that show how specific these coverages can be:

• Aircraft Liability Coverage, which might provide liability coverage for any aircraft used during an event
• Medical Malpractice Coverage, which may provide liability coverage for medical mistakes made by first aid staff at an event
• Animal Liability Coverage, which might provide liability coverage for animals used during an event

Do Event Liability Insurance Policies Offer Any Property Coverages?

Event liability insurance policies generally don’t provide property coverages, because event hosts usually don’t need any property coverages. Land, buildings, and equipment that’s used during an event is usually already covered against fire, theft, and similar perils by an insurance policy that the owner already has. Thus, purchasing additional property coverage would usually only serve to duplicate coverages.

(The liability coverage that hosts can obtain for rented and loaned property normally offers protection against damage that the host is found responsible for. This protection, however, is different from the protections afforded by traditional property insurance policies.)

What Vermont Residents and Organizations is Event Liability Insurance For?

Any person or organization hosting an event in Vermont may want to purchase an event liability policy for their event. This even includes out-of-state residents and organizations that will be putting on an event in the state. For, an incident could happen at any event -- someone may slip and get hurt at a small birthday party or a major sports game -- and few people and organizations have the financial resources to survive a major liability claim.

How Can People and Organizations Get Event Insurance for Events in Vermont?

People and organizations that need event insurance for an event that’s being held in Massachusetts should contact an independent insurance agent in the state. An independent agent can help assess what liability coverages are appropriate to purchase for an event, and they can request quotes for policies that have the appropriate protections.