Serving British Columbia for over 50 years
(604) 731-4684
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.
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:
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.
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:
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.
At GNK Insurance we diligently build relationships with global insurance leaders.