Special Liability Insurance in Iowa
Special liability insurance from Aussie Agencies in Knoxville, IA was created to provide event holders with financial protection in case of adverse weather conditions or a natural disaster. Cancellation due to illness or serious injury of a key participant is covered in most policies. A special event can range from a wedding to a sporting event or even a multi-day festival that includes amusement rides, alcohol sales, athletic contests, rodeos, and parades.
Special Liability Insurance Details
When planning a special event in Iowa, it is critical to meet with a professional insurance agent to determine what special liability insurance is covered based on the event type. This must be done well in advance of the event since the underwriting process can be lengthy and complicated. Different events require different coverages and may include the following liabilities:
- Damage to property
- General premises
- Medical malpractice
Commercial and standard personal policies do not cover all these liabilities, so it is better to have special liability insurance that is tailored to meet the needs of the event.
The cost of special liability insurance varies based on a variety of factors. The longer the event occurs and more planned activities, the higher the insurance premium. The professional underwriter will review the following information to determine a price:
- A list of activities
- Are external vendors involved and will they have their own insurance
- Are there activities that can involve injury?
- Are there prior claims from the same event?
- Are vehicles involved?
- Event length
- Event location
- Event type
- Is food being sold?
- Liquor availability
- Number of expected participants
- Provisions for crowd control
- What liability limits are being requested?
- Who is running the event and what is their experience?
- Will there be amusement rides?
If you are looking for special liability insurance for a planned event in Knoxville, IA, look no further than the professionals at Aussie Agencies. Our special liability insurance experts can help you find the right coverage for your Iowa event so stop in or call today!