Event Insurance in Maine
Allen/Freeman/McDonnell Agency
Event Insurance
- What Is It?
- Who Needs It?
- Coverages Offered
Event insurance offers tailor-made coverage for private and public events. Policies may cover events lasting anywhere from one day to several weeks.
Individuals may get event policies less frequently, but a policy can be helpful if hosting a wedding, anniversary, graduation party, major birthday, baby shower or other event that’ll have a lot of people in attendance.
- General Liability Coverage
- Product Liability Coverage
- Spectator Liability Coverage
What is event insurance?
When they’re prepping for events in Maine, event organizers must plan for all types of mishaps that could go wrong. Part of preparing for accidents that could occur is often to get event insurance.
Event insurance offers tailor-made coverage for private and public events. Policies may cover events lasting anywhere from one day to several weeks.
Who in Maine needs an event policy?
Most people and organizations putting on sizable events in Maine can benefit from an event policy. Businesses, nonprofit organizations, schools, governments and sometimes individuals get policies. Policies are available for a wide array of events:
- Festivals
- Fundraisers
- Company parties
- Grand openings
- Seminars
- Major private gatherings
Individuals may get event policies less frequently, but a policy can be helpful if hosting a wedding, anniversary, graduation party, major birthday, baby shower or other event that’ll have a lot of people in attendance.
If you’re uncertain whether an event policy makes sense for an occasion that you or your organization are putting on, consult an insurance agent specializing in one day event insurance and multi day event policies. A specialized agent will be able to discuss the potential risks that your event presents, and then assist in determining whether a policy makes sense.
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What insurance coverages are available through event policies?
Event policies offer a range of liability coverages that can help protect the host or sponsor of an event. Most liability coverages assist with legal fees and settlements if there’s a covered accident. Some liability coverages that a policy could offer include:
- General Liability Coverage: Might insure against everyday accidents that take place during the event, or pre- and post-event operations. Coverage might apply if someone slips on black ice, trips over an extension cord, or otherwise falls.
- Product Liability Coverage: Might insure against injuries or damages caused by products that are handed out or sold during the event. Coverage might extend to drinks and foods, contest rewards, sold goods, promotional swag, and more.
- Spectator Liability Coverage: Might insure against injuries sustained by attendees while they’re watching something at the event (either the main event or one of many activities). Could extend to spectators at athletic competitions, live concerts, or other public events.
- Liquor Liability Coverage: Might insure against ordinary accidents, altercations, and other situations where excessive alcohol intake is involved.
- Automobile Liability Coverage: Might insure against accidents involving vehicles used during the event. related to the usage of vehicles during the event. Coverage could apply to vehicles used for transportation, security, delivery, setup and takedown, and other cars or trucks.
- Medical Malpractice Coverage: Might insure against mistakes made by medical staff that are contracted specifically for the event.
For specific activities, additional specialized protections could be needed. For example, airshows might need aircraft liability coverage. Events using live animals may want animal liability coverage. There are still many more protections that a specialized insurance agent can assist with.
What is an additional insured in an event liability insurance policy?
An “additional insured” is a party that gets added onto a liability insurance policy. The additional insurance usually can file a claim against the liability policy, even though they aren’t technically the policyholder.
Sometimes event organizers must list a major event company, the venue owner or another party as an additional insured. If needed, this is something a knowledgeable insurance agent can take care of.
How much does insuring an event lasting just one day cost?
The premiums for one day event insurance vary, depending on factors like location, activities and chosen coverage. In general, one day event insurance costs less than multi day event policies do. Insuring an event lasting just one day can be quite affordable.
An independent insurance agent can check quotes to see how much insuring a specific one day event would cost.
Where can organizers find event insurance for events in Maine?
If you’re in the process of organizing an event in Maine and need insurance, reach out to the independent agents at Allen Freeman McDonnell Agency. Our team has helped many organizers get coverage for their events, and we’ll make sure you get event insurance that’ll provide robust coverage for whatever you’re planning.
