Short Term Event Insurance

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What is Short Term Event Insurance?

Most insurable risks are repetitively similar throughout the calendar year, both for individuals and organizations. However, some risks are presented only once or several times a year for short periods of time. It is generally cost effective to insure each such risk for the term of the event only, rather than on an annual basis for all such events. One such risk presentation is the sponsorship of a hole-in-one prize at a charity golf tournament. Another is hosting an event involving the sale and/or serving of alcoholic beverages.

Hole-in-one Insurance

You, or your organization, are sponsoring a monetary prize at a charity golf tournament payable in the event that a participant scores a 'hole-in-one' on a specified fairway during the course of the tournament. This insurance reimburses your organization for the value of the monetary prize if it becomes payable. Ordinarily several conditions apply to the validity of coverage, including:

• Participants must be 18 years or older.
• There will be a stated minimum length of the specified fairway from tee to hole, usually 155 yards for amateurs.
• Participation for Professional golfers requires prior approval and typically have a minimum distance of 175 yards.
• An independent tournament official must be present and monitoring play at the insured hole at all time during the event.
• Usually, the scorecard for the participant scoring the 'hole-in-one' must be properly completed, attested, and turned in to the tournament organizers at completion of the round of play.

Event Insurance

This insurance provides event hosts with protection in the event of lawsuits alleging bodily injury and property damage arising out of functions with or without the service of alcohol.

Host-Liquor Liability Insurance

If your event includes the service of alcoholic beverages, you will require a host-liquor extension to your event insurance or a stand-alone liquor liability policy, to protect you from lawsuits arising out of your function. Common requirements for this coverage include:

• A valid Provincial liquor permit permitting the service of liquor at the venue on the specific date or dates.
• Service of liquor by holders of a 'Serving it Right' certificate.
• No BYOB.

Contents-in-Storage

This provides for replacement cost coverage on household goods while temporarily in a recognized storage facility. You can also include coverage for personal liability and tenant’s legal liability.