K&K / K and K Event Insurance is an event insurance liability product that is available through K&K Insurance that is usually secured for events like weddings, birthday parties, baby showers, and other one-day events.
What is Event Insurance?
Event insurance is a specialized type of coverage designed to protect event organizers from financial losses due to unforeseen circumstances. It typically covers liability issues and property damage ensuring that your event doesn’t become a financial disaster if something goes wrong.
K&K’s Short-Term Event Insurance
K&K Insurance offers a flexible and accessible short-term event insurance program that caters to a wide range of events
Here are some key features of their policy:
Coverage Duration: The policy covers events lasting up to 10 days, making it suitable for everything from one-day affairs to week-long conventions
Event Size: It’s designed for events with fewer than 12,000 attendees, encompassing most small to medium-sized gatherings
Event Types: The policy covers a variety of events, including banquets, benefits, concerts, and conventions, among others
Quick and Easy Process: K&K offers an apply-and-buy-online process, making it fast and convenient to secure coverage for your event
Additional Coverage Options
K&K’s event insurance policy also offers several optional coverages to tailor the policy to your specific needs:
Liquor Liability: This coverage is available for events where alcoholic beverages are served, with or without a charge
Increased Medical Expense: While not available online, this option can be added to provide additional medical coverage for your event
Why Choose K&K?
- Experience: With over 70 years in the industry, K&K has a deep understanding of the risks associated with events.
- Flexibility: The policy can be customized to fit various event types and sizes.
Downsides of K&K’s Event Insurance
- Outdated Website: K&K’s website is very outdated and not ideal for tablets or mobile phones
- No Sample Policy to Review: There’s no obvious sample policy that can be reviewed, unlike other carriers.
- Restricted Liquor Liability Coverage: While K&K does offer liquor liability coverage, it’s not available in several states, including Alaska, DC, Hawaii, Iowa, and Michigan.
- Membership Requirement: By applying for K&K’s insurance, you’re automatically applying for membership in their Sports, Leisure and Entertainment Risk Purchasing Group (RPG).
- Limited Customization Options: The policy appears to offer a one-size-fits-all approach, with few options for customization beyond basic coverage.
Alternatives Insurers:
Be sure to check your venue’s insurance requirements before securing a policy!
GatherGuard
Damage to rented premise limit: $250,000 or more
Medical expense limit: Not included
Waiver of Subrogation Endorsement: No
Primary Noncontributory Endorsement: No
Free quote feature available
SpecialInsurance.com
Damage to rented premise limit: $300,000 or more
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
Free quote feature available
Coverage can extend beyond midnight depending on state liquor laws, in which case only 1 day of coverage is required