Nonprofit organizations can derive a lot of important benefits to holding special benefits. They can use events to conduct fundraising activities and solicit donations, or they can obtain proceeds from activities or admission fees to an event. Insurance coverage is an integral part of event management, so nonprofit organizations need to ensure that an event that it holds is fully covered.
General Liability Insurance and Special Events
If your nonprofit organization holds events on a regular basis, your general liability policy should be structured to include coverage for them. If a one-day event is a new venture for your organization, you should ascertain whether the event will be covered by your existing policy. For example, an event that’s hosted in a location that you are renting for an event may not necessarily be covered.
Obtaining Additional Coverage
It may be advisable to supplement your insurance with additional coverage that’s specifically intended to cover a single event. Nonprofit one-day event insurance can provide insurance coverage for a planned event that falls outside of the scope of an organization’s regular activities. A one-day event may involve bringing on a new set of volunteers or inviting a large number of attendees, so it’s important that you account for these changes from your day-to-day operations when you’re evaluating the applicability of insurance coverage.