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Most groups host fundraising events under the umbrella of
a larger entity, whether it is a school, church, firehouse or a police
department.
Each of these organizations already has some level of
liability insurance. It is important
to contact the insurance carrier to inform them of your fundraising
intentions, to be assured of some level of liability protection for the day
of your event.
Do not assume you are
covered.
If your agent says you have coverage, be sure to get it in writing with
your specific event listed as the activity requiring liability
insurance.
If your group is a neighborhood association or is not a
part of a larger organization, you may want to look into purchasing liability
insurance to cover your event.
A one day policy can cost from $200 to $500 depending on
your state. Call an insurance company
that provides services to business customers for the best rates.
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