Tips from The Co-operators: Event Liability

Hosting an event can be an important part of any non-profit’s activities; whether it’s to build awareness about your organization or to fundraise for a specific cause. Making sure you have the right insurance coverage for your event is important to protect you and your organization. But what kind of insurance do you need? Does your Commercial General Liability (CGL) policy cover your event?

Depending on the nature of your event, there are a couple options available. For single or multi-day events, it may be best to purchase a Party Alcohol Liability (PAL). This coverage is available with or without the service of alcohol. Any claims from this event would be made against the PAL policy; therefore, protecting the claims experience of your organization’s CGL policy. This policy needs to be in place ahead of your event and there is an additional cost for the policy.

If you host events more frequently, insuring your events as a part of your CGL policy may be a better fit; provided that your insurer is aware. By doing so, you are not required to submit a new application for every event that you host, but in some cases it could increase the cost of your policy.

No matter the event, your insurance advisor is there to help make sure you have the right coverage – it’s always best to discuss the details of your event with them ahead of time.

If you have questions or would like to learn more about insurance for non-profits, please don’t hesitate to contact us or visit our website.