What Is Event Insurance?

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Event insurance is recommended for anything that qualifies as a special event, like a Bar Mitvah. Find out about event insurance with help from an insurance broker in this free video clip.

Part of the Video Series: Personal & Health Insurance Tips
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Video Transcript

Hi, my name is Susan Combs. I'm an insurance broker with Combs and Company. Today, we're going to talk about event insurance. So with event insurance, event insurance, and a special event is typically defined as anything that's under ten days so a Bar Mitzvah, a wedding, a fair, a carnival. So that's something to keep in mind is it's less than ten days when you are looking at event insurance and with event insurance usually the venue asks you to provide proof of liability. So what this means is you have insurance and you're going to provide them with a certificate that's going to show that you have insurance. Typically what standard limits are are one million dollars and the reason that venues typically ask you to provide proof of insurance is because they want to transfer the risk. So what this in essence does is if there is a loss or a claim or a lawsuit, the venue wants your insurance to be primary so they want your insurance to pick up anything first and then their insurance will pick up secondary. So it's a very common practice, nothing to be worried about. It's not going to cost you any more money to name them as an additional insured on your insurance and just the key things to remember, less than ten days you need to offer proof of liability in order to transfer the risk. So we hope you have a wonderful event and everything goes smoothly.


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