Why is having liability insurance good for a venue and the client? I want to put this in some marketing towards venues and in bridal packets.
Remind me again please....
- Thread starter djsarge
- Start date
I guess its good because if you screw up, blow a breaker of the bride sues you for a bad event, your not going down the crapper... I don't really see how it helps them... The only marking stratigy is saying you have it to prove your legit... and also that a venue will allow you in (Some, very few but some will not let you in unless you are insured...)
Something along these lines:
It is unlikely for an injury to be caused by any of your event vendors. However, you don't want to be the host of a party where there is an injury caused by ANY vendor that doesn't have basic liability insurance.
It is unlikely for an injury to be caused by any of your event vendors. However, you don't want to be the host of a party where there is an injury caused by ANY vendor that doesn't have basic liability insurance.
It's good to have insurance in case of a guest getting injured by your equipment, if they slip, trip or fall because of something you own etc...
Plus alot of venues here in AZ are now requiring vendors to have it or you can't work there.
I like it because it gives me peace of mind...I'm covered along with my equipment.
And don't forget...you can write it off as an expense too!
Plus alot of venues here in AZ are now requiring vendors to have it or you can't work there.
I like it because it gives me peace of mind...I'm covered along with my equipment.
And don't forget...you can write it off as an expense too!
And--- don't forget that WeDJ.com has Liability Insurance for only $170 per year (with $40 minimum purchase of "Bronze" level membership in WeDJ).
Total cost of insurance = $210 per year
(NOTE: association members pay over $350 for the same coverage, because of the annual dues of $150 per year for NAME or ADJA...)
---
And--- don't forget that WeDJ.com has Liability Insurance for only $170 per year (with $40 minimum purchase of "Bronze" level membership in WeDJ).
Total cost of insurance = $210 per year
(NOTE: association members pay over $350 for the same coverage, because of the annual dues of $150 per year for NAME or ADJA...)
Total cost of insurance = $210 per year
(NOTE: association members pay over $350 for the same coverage, because of the annual dues of $150 per year for NAME or ADJA...)
---
And--- don't forget that WeDJ.com has Liability Insurance for only $170 per year (with $40 minimum purchase of "Bronze" level membership in WeDJ).
Total cost of insurance = $210 per year
(NOTE: association members pay over $350 for the same coverage, because of the annual dues of $150 per year for NAME or ADJA...)
This something I want to make happen around here.
Thanks for the replies folks. I do have insurance and understand the need for it. Just want to kind of press the issue with the local venues.
I know. That's why I am waiting to see I carry liability insurance because I am a responsible DJ and, by being accountable, I respect the well-being of you and your guests on all of your pamphlets.
While it's obvious that some people here completely missed this sentence, I completely missed the 'venues' part.
My earlier reply stands for any items being given to potential clients.
For venues, you might want to go with a stronger stance:
In a lawsuit, an injured party could claim that since you allowed an uninsured vendor into your facility, you accepted the risks involved. Do you really want to take on that responsibility?
I think for marketing it shows you are legit. For piece of mind it helps you know that if something happens you are covered. For the venue, they know they will not be ones paying out if something happens.
There are two that I know of here, I've ask others about it and they look at me like I'm crazy.
There are two that I know of here, I've ask others about it and they look at me like I'm crazy.
In regards to the venue also if you have an accident say you crash a speaker stand through a glass piece in a door, you would be covered.
Maybe
"Accidents don't always happen that's why they are called accidents.. our company carries an XXXX liability policy to protect you, the client, your guests, and your venue"
Maybe
"Accidents don't always happen that's why they are called accidents.. our company carries an XXXX liability policy to protect you, the client, your guests, and your venue"
This is actually a very smart idea!
Locally in Sacramento, the Radisson Hotel recently initiated an "All outside vendors must have $1,000,000 Liability Insurance" requirement---which netted me that Friday night reunion gig last month (they wouldn't allow the cheep $500 AFOAF DJ to play there).
This morning, I added the Radisson to my list of "5 Star Wedding Facilities" at Yelp......they deserve the extra star for having this great rule to protect the couples having events there:
http://www.yelp.com/list_details?favorites_list_id=plDXQGa9BnxvMOa7nu3M-Q
In all truth - it doesn't protect anyone, rather it enables those with whom you conduct business (including yourself) to mitigate any losses sustained.
Remember, that before your insurance will pay anyone - a claim must be filed by you or a suit must be filed by them, where you in term solicit your insurance carrier to intervene on your behalf.
The function hall wants you to be insured so that if THEY are sued - they can in turn enjoin you in the suit. Any resulting judgement or settlement would then be split among the enjoined parties and their insurers, thus reducing the exposure of the venue.
You NEED the insurance if you have any vulnerable assets or family you wish to shelter. If you are young and have none - your risk is probably limited to a future garnishment of wages.
But being the insured party doesn't always work in your favor.
Imagine this scenario: The fucntion hall sues the bride, and you along with her for property damaged that ensued during the event. Not only is the bride not likely to be insured for this, but her lawyer is likely to recommend deflecting all of the blame to you - making you and your insurer 100% liable for any judgement or settlement. Failing that, they will sue you to recover whatever liability they incur.
The reason some venues never ask for a certificate of insurance is because their own policy already provides coverage for liabilities incurred as the result of guests and vendors operating on their premises. Others, use the insurance requirement to lower their own insurance premiums by requiring other vendors to share the risk.
Now for the advertising.
You should not promote yourself to clients as "fully insured" unless you are in a business that typically places a direct laibility on your customer or their property (such as roofing and painting). Otherwise, you may be inviting people who "fish" for insurance settlements.
Despite that, you should still be able to converse intelligently with venues and other vendors about these risks and the protections you have put in place. There is no law that requires you to have liability insurance in an unlicensed profession where you have no employees. As such, you should not just agree to make a venue an additional insured on your policy simply because they ask. You are always free to negotiate your own terms. You do not want to inadvertantly find yourself being enjoined in a suit over something that happened at the party downstairs - simply because you were in the building and have insurance.
The best way to present your insurance to a customer is to let them know that by protecting yourself financially - they can be confident that you might still be in business next year even if, God forbid, an unfortunate incident occurs this year. If you are also insuring your equipment, then in the same manner you want to demonstrate the depth of your resources and ability to recover from a sudden loss.
Consider the following question and the difference between two responses:
What happens if all your equipment gets lost or stolen?"
A. The insurance will reimburse me for the replacement cost.
B. I have a friend who will let me borrow his.
Remember, that before your insurance will pay anyone - a claim must be filed by you or a suit must be filed by them, where you in term solicit your insurance carrier to intervene on your behalf.
The function hall wants you to be insured so that if THEY are sued - they can in turn enjoin you in the suit. Any resulting judgement or settlement would then be split among the enjoined parties and their insurers, thus reducing the exposure of the venue.
You NEED the insurance if you have any vulnerable assets or family you wish to shelter. If you are young and have none - your risk is probably limited to a future garnishment of wages.
But being the insured party doesn't always work in your favor.
Imagine this scenario: The fucntion hall sues the bride, and you along with her for property damaged that ensued during the event. Not only is the bride not likely to be insured for this, but her lawyer is likely to recommend deflecting all of the blame to you - making you and your insurer 100% liable for any judgement or settlement. Failing that, they will sue you to recover whatever liability they incur.
The reason some venues never ask for a certificate of insurance is because their own policy already provides coverage for liabilities incurred as the result of guests and vendors operating on their premises. Others, use the insurance requirement to lower their own insurance premiums by requiring other vendors to share the risk.
Now for the advertising.
You should not promote yourself to clients as "fully insured" unless you are in a business that typically places a direct laibility on your customer or their property (such as roofing and painting). Otherwise, you may be inviting people who "fish" for insurance settlements.
Despite that, you should still be able to converse intelligently with venues and other vendors about these risks and the protections you have put in place. There is no law that requires you to have liability insurance in an unlicensed profession where you have no employees. As such, you should not just agree to make a venue an additional insured on your policy simply because they ask. You are always free to negotiate your own terms. You do not want to inadvertantly find yourself being enjoined in a suit over something that happened at the party downstairs - simply because you were in the building and have insurance.
The best way to present your insurance to a customer is to let them know that by protecting yourself financially - they can be confident that you might still be in business next year even if, God forbid, an unfortunate incident occurs this year. If you are also insuring your equipment, then in the same manner you want to demonstrate the depth of your resources and ability to recover from a sudden loss.
Consider the following question and the difference between two responses:
What happens if all your equipment gets lost or stolen?"
A. The insurance will reimburse me for the replacement cost.
B. I have a friend who will let me borrow his.