Below are a few articles taken from “The Event Helper” to assist you in understanding why event insurance is required by The Madelyn and a sample policy illustrating the minimum limits we require. Use the Weven link to purchase your COI (Certificate of Insurance) or you may use a different carrier. Coverage should include a minimum of 2 days if your venue hours end at midnight (the fee does not increase) or 3 days if you book the GuestHouse for 2 nights.
The vendors you hire must have their own COI submitted to The Madelyn. If they are on our Vendor List, we already have their COI.
How does event insurance work?
Event Liability Insurance works to protect the event holder from claims made against them due to injury to guests and/or damage to the venue. An injury to an attendee could cost an event holder thousands without insurance protection.
Often we are asked why the venue requires their renters to get Event Liability Insurance when the venue should have their own insurance. The venue’s insurance is not going to cover the renter if they are responsible for the injury or damage. In most cases, it will only provide coverage for the venue’s own actions.
What is the purpose of event insurance?
Event Liability Insurance is most often purchased to meet the requirements in the rental agreement of the venue. The venue is doing their renter a huge favor by requiring this type of protection. Event Liability Insurance is intended to protect the event holder (venue renter) from having to pay out of their own pocket for most claims of injury or property damage due to their event. Policy exclusions will apply.
What is event insurance?
Event Insurance is a General Liability policy designed to protect the event holder for most claims of guest or spectator injury or property damage arising from the event. This type of coverage is often required from the venue.
Venues and event sponsors may require that they are named as Additional Insureds on the policy to protect themselves from the event holder’s actions. Host Liquor liability is often included in Event Liability Insurance should the insured be liable for damage or injury be as a result of alcohol at the event.
Vendors, exhibitors or service providers may also be required to have Event Liability Insurance in order to be at the event. Event Liability Insurance is a great option for them if they don’t already have coverage through their Business Owner’s Policy.
What is vendor insurance coverage?
Whether you’re selling t-shirts, food or providing a service, the event or the venue may require that you have Vendors insurance, also known as a General Liability policy. This can protect you if there is a claim made against you for causing damage to the venue or injury to a customer.
Why do vendors need insurance?
Contrary to what most people think, the event organizer’s insurance likely will not protect a vendor if a third party claim is the vendor’s fault. If your taco stand causes a burn to the venue’s wood flooring, you
The Event Helper
$0 deductible, basic coverage is fine as they have it listed, including host liquor
Certificate Holder: The Madelyn Venue LLC, 8091 Southmayd Rd., Collinsville, TX 76233
Additional Insured: AMG Investment Properties LLC
Coverage to include the day after the event, at least to 2AM
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