NASEP
NASEP

Special Event Insurance

 

The special event liability insurance available through and endorsed by the National Alliance of Special Event Planners, Inc. is administered by R.V. Nuccio & Associates Insurance Brokers, Inc. and is insured by the Western Heritage Insurance Company.

THE SPECIAL EVENT LIABILITY INSURANCE OFFERED THROUGH NASEP:

  • Covers all event types.
  • Has the lowest price in the United States.
  • Offers the best coverage in the USA.
  • Has the best options available compared to any other major special event insurance product
  • Best financial security backed by Nationwide Insurance Group with over $157 Billion in assets.
  • Offers up to $1,000,000/$2,000,000 Coverage

Alcohol-related accidents, property damage, and personal injuries are top concerns when you are having an event. Your Special Event Liability Insurance Policy is designed to protect you against liability arising from these situations, subject to policy conditions and exclusions. With the R.V. Nuccio & Associates special event insurance product you can select only the options and limits you need.

Special Event Liability and Property Damage offers the following coverage options:

  • Alcohol Related Accidents: A car accident caused by an intoxicated guest leaving the event site may result in liability for the honoree(s).
  • Bodily Injury: One of your guests trips and falls at your event. Liability insurance covers bodily injury caused by an accident that occurs during the course of the event.
  • Property Damage: provides coverage for third party property damage at the event site for which the honoree(s) may become contractually liable.

 
SPECIAL EVENT INSURANCE

Overview
Coverage Summary
Coverage Territories
Insurance 101
Underwriter Info
Sample Policies
Premium Refund Policy
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EVENT TYPES INCLUDE: ACHIEVEMENT CELEBRATION •
ANNIVERSARY PARTY • BABY SHOWER • BAPTISM • BAR MITZVAH • BAT MITZVAH • BIRTHDAY PARTY • CONFIRMATION • ENGAGEMENT PARTY • FAMILY PARTY • FAMILY REUNION • FUNDRAISING DINNER • HOLIDAY PARTY • HOUSEWARMING • QUINCEAÑERA • RETIREMENT PARTY • SWEET SIXTEEN PARTY AND MANY MORE

Special Event Insurance
A Special Event is usually defined as a function of short duration or an function that is not permanently ongoing. A function may last only one day, such as a wedding or a piano recital, or a function may last a month or more such as a county fair or a Christmas tree sales lot. The defining factor is that a function is not set in a permanent location and a function does not continue for an indefinite period of time such as a continuing operation or long term business. There are approximately 350 different types of functions currently defined, with the list constantly under revision and growing.

What is Function Liability Insurance?
Function Liability Insurance is an insurance policy specifically designed to insure the legal liability exposures of a function. This type of function insurance policy is generally termed a Commercial General Liability policy or a Comprehensive Personal Liability policy. Both of these function Liability insurance policies provide civil legal liability coverage for allegations of bodily injury and property damage. This type of function Liability insurance is oftentimes required by the venue, or the location where the function is to take place.

Why does the Venue require Function Liability Assurance?
It is not uncommon for the function venue to require proof of Function Liability Assurance from the function holder. This proof of function Liability Assurance is usually known as a Certificate of Assurance. This Certificate of Assurance is nothing more than a piece of paper showing that the person holding the function has purchased function Liability Assurance with the required liability limit, which is usually $1,000,000. This assurance requirement forced upon the function holder by the venue owner/operator is an assurance risk management technique known as risk transfer, which is a form of loss control. The venue owner/operator desires to push or share as much of the potential liability to the function holder as possible. In many cases, the venue owner/operator will also require that the function holder name the venue as an Additional Assured on this required function Assurance policy. The Additional Assured requirement confers certain protection to the venue owner/operator from the function policy. The owner of the venue is attempting to shield the venue annual assurance policy by placing the function assurance policy in front.

© National Alliance of Special Event Planners, Inc., 2001-2007