General liability coverage is a crucial component of event insurance that protects event organizers from financial losses due to third-party claims of bodily injury or property damage. This type of insurance typically covers:
- Bodily injury to event attendees
- Property damage to the venue or attendees’ belongings
- Medical expenses for injured parties
- Legal defense costs if sued
General liability insurance for events usually provides coverage limits ranging from $1,000,000 to $5,000,000. It safeguards against accidents such as slip-and-fall injuries or damage to rented premises. For example, if a platform collapses at your event and injures attendees, general liability insurance could cover their medical care and your legal defence if they sue.
Some policies may also include additional coverages such as:
- Food and beverage product liability
- Non-owned auto coverage
- Employees/volunteers as additional insured
- Tenant’s legal liability
It’s important to note that general liability insurance does not cover intentional damages or accidents involving automobiles, aircraft, or watercraft.