All about foam party coverage!
They're colorful, high-energy, and a whole lot of fun...what are they? Foam parties!
Foam parties have become increasingly popular at events all across the United States. However, like any interactive business, they also come with unique risks. That's why having the right insurance matters. Let's dive in!
How does SIA's foam party coverage work?
If you host foam parties, each foam cannon operator can obtain liability coverage through SIA's Group 3 Performer Policy. The Performer Policy covers
Additional insured certificate vs. hold harmless agreement
If you have ever booked a gig or signed a contract, you've probably seen terms like "additional insured," "certificate holder," or "hold harmless agreement." They often show up together, but they are not the same. Let's break it down!
What is an additional insured and/or certificate holder?
Both an additional insured and a certificate holder relate to your insurance, and are included on a certificate of additional insured (COI). Typically, the certificate holder and additional insured are the
Why it's important to have a financially stable carrier
When purchasing insurance, many people focus on the coverage itself: the limits, the price, and whether their specific risks or operations are included. While these things are important, there's another factor that should be taken into consideration: Who is financially backing the policy? Understanding this piece of the insurance puzzle can make a major difference, especially should you need to file a claim.
The role of the insurance carrier:
When you purchase a policy through an agency like SIA
100% premium earned policy
Did you know that SIA policies are 100% premium earned? If you've seen this language on our website and/or our insurance applications and wondered what it actually means, we're here to explain.
A 100% premium earned policy means that the full premium is considered earned by the insurance carrier (reminder, SIA is not the carrier; we're the agency. Check out this blog for more info). In other words, the premium is non-refundable, even if coverage is canceled early.
This is a pretty common
Damage to Rented Premises (Fire Legal Liability)
As performers, mobile vendors, and event planners, you may be working in spaces you rent. For example, a performer may rent a studio space, an event planner may rent an office space, and a vendor may rent a storage space for their merchandise. A typical Commercial General Liability (CGL) policy has exclusions for others' property left in the insured's care, custody, or control (CCC), which can leave renters exposed if their operations cause damage to a rented property.
So what happens if an