We are trying to avoid paying $500 for event insurance, is there a way around it? We are thinking we can have people sign a waiver but we are planning for over 200 people. We have NO FUNDS. We are trying to raise money for other projects in the neighborhood. Is there another way to protect ourselves that doesn't leave us vulnerable to lawsuits?
2007-07-24 17:07:12 · 6 answers · asked by calla 2 in Business & Finance ➔ Insurance
First of all.... 500 for a one day event for 200 people sounds a little steep. (unless you are serving alcohol)
Secondly, NO waiver can replace insurance. Any good attorney will tell you that.
You should accept that this is a cost of having an event. Take the cost into account, and find a way to cover it. Whether it betaking the premium from the proceeds, or selling something for $1 more to cover the cost.
The answer is that there is simply no replacement for insurance. Either you have it, and you are covered, or you dont and accept the fact that you open yourself, any volunteers and the property owner up to lawsuits. If it is not on private property, you may be required to have insurance!
2007-07-25 03:55:37 · answer #1 · answered by Insurance MAN 2 · 0⤊ 0⤋
What waiver? Is there a waiver you are sure will limit your liability? The waiver could actually add risk in that you are admitting there was risk and a certain group is responsible. Then the waiver does nothing, as most waivers do not hold up in court.
Maybe you could get an event company to manage it. They can charge an admission fee and rent say drink stalls to vendors. And they pay for the insurance.
2007-07-25 01:30:04 · answer #2 · answered by Gatsby216 7 · 0⤊ 0⤋
A waiver isn't going to stop anyone from suing! And it's not going to absolve you of any liability, either.
Whoever plans this is GOING to be vulnerable to a lawsuit. That's just the way it is.
2007-07-25 02:03:48 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
As said, you will need the liability insurance. This type of waiver is useless.
And remember, no good deed goes unpunished. Someone will do something stupid and blame you.
2007-07-25 13:42:40 · answer #4 · answered by Phil 5 · 0⤊ 0⤋
There's really no way to tell you without knowing which state you are planning the event in.
2007-07-25 00:29:59 · answer #5 · answered by Jim C 3 · 0⤊ 0⤋
have it on someone elses private property if anything happens they can be sued not u
2007-07-25 03:03:18 · answer #6 · answered by Anonymous · 0⤊ 0⤋