Last time, we talked about the issues and risks of relying on your corporation’s own insurance coverage when renting out your common/party rooms.  This week we’ll tackle another consideration when renting out these rooms: requiring the event organizers to purchase their own insurance.

Special Event insurance, also known as Social Host Liability insurance, provides coverage for a specific event and its organizers, and often includes general liability and server liquor liability.  If something should happen at or during the event, the injured party can make a claim against the event’s insurance policy, and not your corporation’s policy.

It is important to note that special event liability insurance does not cover the personal property of the event’s organizers or its attendees, nor does your corporation’s insurance provide this coverage.  This is what we’ll talk about in part 4 of our series on common rooms.

For more information about special event insurance, visit Elliot Special Risks