Is property covered under a general liability policy?
Yes, but general liability policies cover only other people's property that is damaged due to your negligence.
General liability policies excludes property that you own, rent, borrow, or property that is in your care.
Here is an example of the type of property a general liability policy insures: a person at the event trips
and falls over a power cable you have improperly laid for your event and splits his lip and blood gets all over his
$400 suit and $300 shoes. A general liability policy will pay to replace or clean his suit and shoes.
Do I need liquor liability insurance? It is recommended if you are selling, serving, manufacturing, furnishing or distributing beer, wine, spirits
or alcohol at your events. The standard general liability policy excludes liquor related claims if you are
in the business of selling, serving, manufacturing, furnishing or distributing liquor (alcohol, beer, wine, spirits,
etc.). This exclusion applies even if you are "in the business" temporarily (example a 1 day event
where liquor is served), and it applies even if you don't make a profit from the sale of liquor.
Charging an entry fee to an "open bar" event is considered being in the business of selling liquor.
Many, but not all, general liability policies include Host Liquor Liability. Host Liquor applies when hosts of a business or
social functions serve alcohol without a charge.
What is contractual liability? This is liability that you accept by contract. It is often seen in rental contracts as "hold harmless" or "indemnity" provisions. When
you sign a rental agreement (you are leasing from someone else), you are often agreeing to hold the lessor harmless or agree
to indemify him. When you do this, you are agreeing to reimburse him for damages he suffers as a result of a
lawsuit involving bodily injury or property damage to
someone as a result of your negligence while you are renting from the lessor.
What does "This insurance is primary and non-contributory" mean? This language may be found in the contract you have with property lessors to assure that your policy will be
the first policy to
pay damages in the event of a claim and that you have not agreed to accept a huge deductible (ie $50,000) in exhange
for both a lower premium and your agreement to personally pay for damages resulting in a claim.
All of our liability policies are primary and noncontributory. There is a nominal deductible
($250-$1000) for property insurance policies.
The participant and spectator
medical insurance that we offer is not intended to replace comprehensive health insurance.
All participants and spectators who
fear bodily injury and subsequent unaffordable medical costs should purchase comprehensive medical
insurance which can
be instantly purchased on our website.
(Click here to get an instant quote.)
Although this is not required on all policies insuring participant and spectator medical expenses,
a waiver is always recommended. Waivers can help reduce or eliminate potential liability
claims against you. A waiver is strongly recommended if injuries are expected for the sport the
participant is involved in.
The biggest benefit to requiring participants to sign this waiver is because this waiver could protect
you from 1) a claim that may exceed your policy limit and
2) the hassle of attending court hearings and trial in a civil
lawsuit.
What is Products Liability?
Products liability insurance provides protection for you against injury
to members of the public caused by a defective product you either manufacturer, sell, or give away.
Most, but not all, general liability policies automatically provide products liability coverage.
Sometimes, a general liability policy will exclude products liabiliy coverage if the insured sells, manufactures,
or gives away products are considered hazardous such as motorized vehicles, tobacco, etc.
Here are a few examples of product liability claims:
1) A jeweler sells a pair of earrings at a local arts and craft fair.
The buyer develops an infection after wearing the jewelry resulting in medical bills and lost time from
work.
2) A spectator purchases a souvenir t-shirt sold by the promoter at a concert. The shirt was improperly labeled
and contained fabric the spectator was allergic resulting in bodily injury and medical bills
3) A food vendor sells food that is contaminated. As a result, some customers
get food poisoning resulting in bodily injury and medical bills.
What is Fire Damage Legal Liability?
Fire Damage Legal Liability is included in most, but not all
general liability policies, and provides you coverage if you're legally responsible for any fire
damage to a building you lease, rent, or borrow. Example: You rent a Hotel Ballroom for a birthday party.
While lighting the candles on the birthday cake, you accidentally set fire to the drapes causing scorch
and smoke damage to the wall and ceiling. Fire Damage Legal Liability would cover you for
the costs to repair the damage. All of our general liability policies include at least $300,000 of Fire Damage Legal
Liability.
What is Non-Owned and Hired Auto Insurance?
Non-Owned & Hired auto liability covers bodily injury and property damage caused by a vehicle you hire
(including rented or borrowed vehicles) or caused by non-owned vehicles (vehicles owned by others,
including vehicles owned by your employees). It usually does not pay for physical damage to the vehicle itself;
that's covered by the owner's insurance. Although this option is sometimes available. Whether you realize it or not,
as a business owner, you at least occasionally find yourself in situations where this coverage is needed.
Errands and rental situations always come up.
Example:
You send an employee to pick up lunch.
While on a business trip, you rent a car.
To impress a visiting client, you send a limo to have him picked up.
An employee runs to pick up office supplies.
This coverage will pay if there is an auto accident and you are sued. You don't have to own a business
vehicle to have this coverage.
Why should I purchase Accident Medical Insurance if I have General Liability Insurance?
Accident Medical Insurance, unlike General Liability insurance, is payable without regard to fault and is
intended to reimburse the participant for out-of-pocket medical costs in the event of bodily injury during your
event. You do not have to be responsible for the accident in order for coverage to apply.
General Liability Insurance, like all liability policies, provides coverage for the injured person's medical expenses
only if the insured is responsible for causing the bodily injury. General Liability is the more important
of the two policies. Most venues/locations will require general liability, not accident medical.
Chase Carmen Hunter, www.ChaseAgency.com, and Chase Financial Services Since 1993 offer services to residents of any country in the world including the following states of the United States of America:
Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts,
Michigan,
Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,
Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington,
West Virginia, Wisconsin, Wyoming. Not all products are available in all states.