[Contact Jack Condon via email or phone (1-800-921-1008) to find out about solutions for your specific coverage needs. And visit the website at http://www.bfbond.com/specialevents/]

Can protect organizers against that big event being cancelled, postponed, rescheduled or abandoned. Event Cancellation Insurance policies can include coverage for weather, war, terrorism, satellite or signal failure, non-appearance of performers and key personnel. Ticket sales, advertising revenues and sponsorship monies are all sources of revenue that can be protected under our Event Cancellation Insurance. Alternatively, expenses incurred to organize an event can be protected.

[Contact Jack Condon via email or phone (1-800-921-1008) to find out about solutions for your specific coverage needs. And visit the website at http://www.bfbond.com/specialevents/]

These coverages are used alternately to protect against claims arising out of the use of vehicles leased, hired, rented or borrowed by you, or your employees, while in the course of business Non-Owned Automobile Liability, and to provide liability protection for autos used in your business that are not owned, leased, hired, rented or borrowed. This includes autos of employees and subcontractors that are used on your behalf.

[Contact Jack Condon via email or phone (1-800-921-1008) to find out about solutions for your specific coverage needs. And visit the website at http://www.bfbond.com/specialevents/]

This type of liability insurance provides coverage for bodily injury or property damage for which you may be held liable by reason of: Causing or contributing to the intoxication of any person; Furnishing alcoholic beverages to a person under legal drinking age or under the influence of alcohol; or Violating any statute, ordinance, or regulation relating to the sale, gift, distribution, or use of alcoholic beverages. This coverage only applies if you are involved in the following activities: Manufacturing, selling, or distributing alcoholic beverages; Serving or furnishing alcoholic beverages for a charge, whether or not such activity requires a license or is for the purpose of financial gain or livelihood; or or Serving or furnishing alcoholic beverages without a charge, if a license is required for such activity. Most concerts this coverage is picked up by the venue or an outside vendor and they should provide this coverage for you.

[Contact Jack Condon via email or phone (1-800-921-1008) to find out about solutions for your specific coverage needs. And visit the website at http://www.bfbond.com/specialevents/]

This type of liability insurance provides coverage over a single underlying policy, or several different underlying policies. The limits provided by this policy will not respond to the loss until after some specified underlying policies limits are spent, exhausted, or otherwise not available. If underlying limits are not available, and the coverage is not excluded from the Excess/Umbrella coverage, this policy will respond as primary.

[Contact Jack Condon via email or phone (1-800-921-1008) to find out about solutions for your specific coverage needs. And visit the website at http://www.bfbond.com/specialevents/]

Often referred to as CGL, or spectator liability this policy provides broad protection for situations in which a business (i.e. your special event) must defend itself against lawsuits or pay damages for personal injury or property damage to third parties. This policy also gives protection to the venue and or sponsors of the event by adding them to the policy as an additional insured.

Special Events Liability coverage is one of our most popular products, and for good reason. Liability coverage is essential for any major or minor event, to protect the organizer from litigation and other such damages. Special events bring together so many different groups’ property and so many people, that they can pose a serious liability risk. For the next few entries we will discuss different general types of coverage. Contact Jack Condon via email or phone (800) 921-1008 to find out about solutions for your specific coverage needs. Or visit the website at http://www.bfbond.com/specialevents/.

Depending on the type of loss your business experiences, the duties and responsibilities required by you in a claim can be numerous. It is important to remember that your broker-agent can assist you throughout the claims process. In many cases your broker-agent will be your first point of contact when filing an insurance claim. Whether you contact your broker-agent or the insurance company directly when filing a claim, you are required under the insurance contract to report all claims in a timely manner. This allows the insurance company to process the claim and conduct their investigation as quickly as possible.

Since commercial claims tend to be more complex, it is important for the company to assess the claim quickly in order to mitigate any situation that may have the potential for increased loss. This is especially crucial in liability claims, as there can be high dollar amounts at stake. When claims are not controlled early in the claims process, litigation from third parties can arise. Litigation can be expensive and often ends in a judgment much higher than if an experienced claim representative had handled the claim from the beginning. This is why it is necessary to turn all claims over to your broker-agent or insurance company as soon as you are made aware of the claim. Trying to handle the claim yourself violates your duties under the insurance contract and can be costly to you in the long run.

Most business owners are aware that claims loss experience is reflected in the rating formula and directly effects premium costs. By following the duties outlined in your contract regarding claims, you are a partner with your insurance company in helping to keep claims costs to a minimum, which in turn helps keep your premium costs down. The better your claims experience, the greater modification allowed to lower your premium. When you first receive your policy, contact your broker-agent to discuss all the duties and responsibilities required by you under the contract.

Whether you are contemplating starting a new business, are a new business owner, or have owned a business for many years, commercial insurance can be one of the most important ongoing financial investments you make in the life of your company. Operating a business is extremely challenging without having to worry about suffering significant financial loss due to unforeseen circumstances. Commercial insurance can protect you from some of the most common losses experienced by business owners such as property damage, business interruption, theft, liability, and worker injury. Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a severe loss or recovering with minimal business interruption and financial impairment to your company’s operations.