Best Small Business Insurance
Best Small Business Insurance
Trade shows are a great way to market your business and network with other professionals. However, planning one takes time and energy and comes with a whole new set of risks. That’s why you need Trade Show Insurance.
For example, show attendees you don’t know may get hurt while at your booth. A display can fall over either hurting someone or damaging the booth next to you. Not to mention all the moving of stuff during setup and breakdown can lead to collisions causing damage or injury.
But this shouldn’t deter you from participating. Thimble’s Trade Show Insurance can mitigate those risks and prevent you from having to pay for losses out-of-pocket.
Trade Show Insurance is a type of special event insurance that protects you from liability claims that occur while you are organizing or hosting a trade show.
Incidents can lead to third-party bodily injury or property damage. Having the right coverage will not only pay for the damages and bodily injury claims but can also protect you by providing investigation of the claims and legal defense when necessary.
Furthermore, most trade show venues will require at least $1 million in liability coverage if you want to host your event in their space.Trade
Thimble’s Trade Show insurance pays for a variety of claim types through certain coverage options. They may include these kinds of situations:
Non-employee, third party bodily injury: If an event patron trips on your display, falls and gets injured, you could be liable for their medical expenses as well as consequential expenses arising from the injury; your Trade Show Insurance can cover these costs.
Third-party property damage: If your display falls over and damages the display of another vendor, you may be responsible for those damages.
Liquor liability: The use of alcohol can lead to a lot of accidents. If you are providing alcohol at an open bar during the trade show, you could be held liable for injuries and damages caused by someone who was “overserved.” If you are selling alcohol, you may need to purchase separate liquor liability.
Defense and investigation of claims: Not all claims are valid. In fact, fraudulent claims are on the rise.1 If you need a legal defense and investigation into what a claimant is saying, your Trade Show Insurance policy can provide those services.
Trade show insurance costs vary based on certain factors. These factors include the duration of the trade show, how many attendees there are, and what types of hazards the event itself might pose based on location. Policies cover events up to 250 attendees. If you’re selling alcohol at the bar, then you may need additional coverage.
Here is a range of Thimble’s Trade Show Insurance costs without additional liquor liability:
Anyone who organizes a trade show needs to get Trade Show Insurance. Vendors and participants are exposed to many scenarios which can lead to them bringing a claim against you.
These include people tripping on your equipment during set-up or breakdown, attendees getting hurt if a display falls over, and any property damage that might happen if you lose control of a cart while moving booth gear and it damages the venue’s property.
It is likely that the contract for the trade show will require you to have at least $1 million in liability coverage. This is demonstrated to the venue through a certificate of liability insurance provided by your insurance carrier that lists the types of coverage, coverage limits, and coverage dates.
Furthermore, if you have vendors participating in your trade show, ask them to obtain vendor insurance coverage to protect you if you’re named in a lawsuit (even if they caused it). Also, make sure you are named as an Additional Insured on the vendors’ liability insurance policies.
Geting the right protection can save you tens of thousands, if not more, in costs related to liability claims.
Getting exposure for your trade show business helps build your brand, but can also put it at risk. Don’t let special event accidents sidetrack your business development.
With Thimble’s Trade Show Insurance, you can:
Thimble’s special event insurance is designed for short-term needs. Our policies will cover your event for one day up to five days. That includes setup and breakdown time. Cancel your policy anytime before the event to get a refund.
Thimble’s Trade Show Insurance coverage limits begin at $1 million per occurrence, with a $1 million aggregate. The per occurrence limit is how much an insurer will pay per claim. The aggregate limit is how much the insurer will pay over the course of the policy. If you need to, you can increase the liability limits to $2 million with a $2 million aggregate (without paying double the premium). The limit for damage to premises rented to you is $100,000.
While we don’t provide event cancellation insurance, you can cancel at any time before the start of the event for a full refund.
Cleaners and Janitors insurance protects your business from lawsuits, if you or your property accidentally hurts a third party or damages their property.