Custom Event Insurance Link for Event Venues
Do you own or manage a wedding or event venue? Is event insurance mandatory for your renters? Learn how a free custom event insurance link could save you days worth of work each month. Contact us today!
Managing an event venue can come with a lot of administrative headaches, including a lot of follow up with the renter. One particular area that is painful for event venue owners/managers is ensuring that the renters have secured the proper insurance coverage.
So what are the pain points?
For Venues:
Renting out space for a third-part event is a source of revenue for millions of venues around the country. As part of the risk mitigation process for these venues, the venue (or their insurance company) require third party renters to secure their own insurance for the event. However, this requirement adds a large administrative burden on to the venue. Administrators will need to follow up with renters to ensure they have secured an insurance policy, not to mention the right coverage and limits. Also, ensuring that the venue is properly listed as an additional insured on the policy certificate is an additional burden.
For renters/event organizers:
Whether it’s a wedding, birthday party, or school event, organizing an event is already stressful. Finding out from the venue that an insurance policy is required (especially at the last minute) can add further stress to the host. Furthermore, having to research and acquire a policy can take days, even weeks.
Most importantly, in the insurance world there is a thing called the subrogation clause, which is defined as “a right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured.” So in other words, renters and hosts can be pursued by an insurance company for any losses they have caused. A very strong argument to get a policy.
How does a custom event insurance link for venues help?
For Venues:
Ensures that the right coverage and limits are always included in the policy and that the venue is properly listed as an additional insured on the policy certificate. Eliminates any follow up and any back and forth.
For renters/event organizers:
Allows renters to get covered in 3 minutes as part of the rental agreement process. No more searching or confusion on limits, additional insureds, etc.
Get your custom event insurance link for your venue now
Want your own free custom event insurance link? Contact us.