Each Occurrence

The "main" limit on the policy. This is the limit per claim/damage regardless of the number of injured parties. Includes injuries to bodies, property & settlements.

Damage to Rented Premises

The Damage to Rented Premises limit would apply to damage caused by fire or damage caused to a property where you are in a rental agreement for more than 7 days. For rentals of 7 or less consecutive days, the Each Occurrence limit will apply to damage other than by fire.

Personal & Advertising Injury

Coverage for the claim of damages against character, reputation, libel, slander and advertising.

Products/Completed Operations Aggregate

Coverage limit for products related claims; food, products sold, etc.

General Aggregate

If there are multiple claims, this is the most the policy will pay in total

Medical Payments

A "no fault" coverage. This is not designed to be the source of a severe injury claim, just simple medical expense claims that can be settled/solved for little with minimal investigation.

Host Liquor

Generally applies to events with bring your own booze (BYOB), alcohol is being given away and guests are serving themselves, or someone else (the hotel or professional bartending service) is responsible for selling or serving.

Host Liquor is included at no additional cost to you.

Note that intentional and willful serving of alcohol to those under the age of 21 is illegal and may result in complete voidance of the policy in the event of a claim.

If your venue asks for a Waiver of Subrogation or Primary Wording, you’ll need to purchase this endorsement. If they don’t ask – you don’t need it. But if you want the nitty gritty…this endorsement makes your policy the first and only policy to pay in the event of a covered claim, even if the venue may be partially liable. Waiving subrogation limits our carrier from recouping costs for claims paid on behalf of others.

Additional Insureds

When your venue asks to be named or included on your policy, this is what they’re talking about – you need to add them as an Additional Insured. This provides protection for an entity (like your venue or ownership group of your venue) other than yourself in the event of a claim.

Deductible

The amount the policy holder is responsible for in the event of a claim(s).