Tenant Users Liability Insurance Protection (TULIP), also known as events coverage, provides short-term liability insurance coverage for tenants of facilities or venues for events that cannot be covered under their current insurance or for which they have no other coverage. By purchasing the coverage under a policy written for all tenant users of a specific facility or venue, the tenant user not only meets the contractual obligations required by the venue but obtains coverage that is more competitive than purchasing a single special event policy.
It is not intended for institutions to shift any of their specific operational risks away from their own general liability policies. Rather, it protects both the “facility user” (e.g., event host or visiting organization), and the institution against claims by third parties who may be injured or lose property as a result of participating in an event.
So who is the insurance meant for?
• It is for institutions that permit third parties to use their facilities for specific events.
• It is designed for third-party users of a space who do not carry liability insurance.
• It is event-specific.
• It can also cover vendors, performers, and exhibitors.
• Events may be classroom seminars, receptions, weddings, festivals and fairs, sports events, or concerts.
• Coverages often include general liability, products/completed operations, personal/advertising injury, host liquor liability, and fire legal liability.
If you are having an upcoming event, give us a call! We’d be happy to help you get the coverage you need. We can be reached by phone at 603-273-0953 or learn more about us on our website: www.keslarinsurance.com.
