NBSIA is pleased to offer our Members liability coverage for special events. This coverage is offered to Members at a low cost of $100.00 per event and will provide the first $1,000,000 in liability coverage should a claim arise.
How is this coverage different from NBSIA's Liability Coverage?
While NBSIA's Memorandum of Liability Coverage provides coverage for most school related events, this Special Events Coverage will provide the first layer of coverage, thereby providing NBSIA and its Members additional protection in the event of a loss. NBSIA has provided third party referrals for special event coverage in the past, but with the adoption of this coverage, NBSIA will have greater input and oversight, while allowing Members more latitude.
When should this coverage be used and by whom?
This coverage should be used by our Members for all high-exposure events which are Member or non-Member sponsored. Some popular events that usually required Special Event Coverage due to activities and/or outside vendors and equipment are:
All requests must be signed by the Member's Authorized Contract Signee
All requests must be submitted with a Certificate of Insurance naming the Covered Member as Additional Insured from each vendor.
NBSIA will then work with the underwriters to get the Special Event Certificate issued
PLEASE NOTE ~ unlike our Certificates of Coverage process, the Special Event Coverage requires a minimum of 2 weeks to process.
These additional steps will require more planning and time to prepare - you may want to start the process 30 days before the event to avoid coverage complications.
