Insurance for a one-day event in Buffalo, NY, is a wise investment. A lot can go wrong at a large event with lots of people, even if you’re cautious and take proper safety measures. However, even event insurance on its own may not be enough for the occasion. The liability insurance coverage that comes with a regular policy could have a limit that’s well below what you need to cover payouts, especially if there’s an accident or mishap resulting in a severe injury or lawsuit. Umbrella insurance can make up the difference if you need high coverage limits. It’s purchased as part of your event insurance policy and kicks in once you’ve reached the event policy limit, extending coverage for costs such as legal fees, settlements, and medical bills.
Which Events Need Umbrella Coverage?
Not all events need umbrella coverage. Small events and with minimal physical activity may fare well with a regular insurance policy. However, if there is a heightened risk of accidents at your event, purchasing umbrella insurance may be in order. A sporting event, for instance, could be a high-risk occasion, with people running around and engaging in competition increases the risk of an accident. A large gathering could likewise be risky due to the sheer number of people.
Call L & S Agency Inc. for Expert Advice
Are you hosting an event in or around Buffalo, NY? If so, our team at L & S Agency Inc. can offer expert advice and assistance to help you pick the right forms of coverage. Call us to learn more about our event insurance and umbrella insurance policy options, or to get quotes for the policies of your choice.
