Page 32 - Grapevine Jan-Feb 2020
P. 32
In The Winery
Protect Events Hosted at Your
Winery with Event Insurance
B y now, most winery owners have heard event at your facility,” Hernandez explained. If
during their event someone causes property dam-
the buzz regarding event insurance. Sure,
age to your winery or someone is injured and the
you know it exists, but do you really know
exactly what event insurance covers and how it can host is liable, an event policy will step in to provide
benefit your clients (and you)? Event insurance is a coverage. The coverage is typically primary over
necessity for winery owners looking to keep them- any other insurance protection. That means the
selves, and their clients, protected. We recent- event policy will pay first before any other insur-
ly talked with Lauren Hernandez, Senior Event ance policy.
Insurance Specialist at Markel Specialty insurance
to learn more. Primary liability coverage by event hosts, such as
your clients, is preferred by most venues because it
“It is probably important to first point out that helps minimize the associated risks and exposures
there are two different types of event insurance– of owning a winery. “More and more wineries are
event liability and event cancellation,” states requiring their clients to purchase one-day event
Hernandez. insurance policies for events hosted at their facility
because it reduces the possibility of having to pay
EVENT LIABILITY INSURANCE for an accident that is out of the wineries’ con-
trol,” said Markel Specialty’s Lauren Hernandez.
“Event liability protects the person hosting an Wineries must also remember to require the host
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