NIGP currently pays and covers General Liability Insurance for all NIGP Chapters. If chapters are interested in obtaining either Director’s and Officers Insurance or Special Event Insurance, chapters are welcome to contact the NIGP broker to get quotes. ** Make sure you mention that you are an NIGP Chapter

Questions about your General Liability or other types of insurance?

Marie Taylor, CISR
Moody Insurance Worldwide
301.417.0001 x425

General Liability

The General Liability policy extends liability protection to a number of people involved in your business. If your business is a partnership or joint venture, this policy would cover all partners or members and their spouses – but only if they’re sued because of something they did while acting in an official capacity for your business. If are a business or association, this policy would also cover all executive officers, directors, and stockholder – while acting in these official capacities. Your employees would also be protected – while they are acting in their capacity as employees. Your policy would also extend liability coverage to any subsidiary for which you won more than 50% of the voting stock. Any person or organization, such as a vendor, with whom you have a written agreement to indemnify, would also be protected against liability claims for any bodily injury or property damage that results from distributing or selling your products. Any newly acquired organization would also be protected under your policy for 90 days to newly acquired companies. Your legal representative would also be afforded liability coverage under this policy - for any liability arising from the maintenance of use of your property in their care. While acting under your direction and within the scope of their representative for you, any volunteers for your business would also be extended liability coverage.

Directors and Officers Insurance

D&O Insurance which is short for a “directors and officers” insurance policy. The goal of the policy is to protect officers and directors of a corporation from liability in the event of a claim or lawsuit against them claiming wrongdoing in connection with the company’s business. D&O insurance has gotten very expensive and insurers have cut back on the scope of the coverage. It is important to have a good insurance broker to help you to get the best, most cost-effective coverage.

Host Liquor Liability

As long as you’re are not in the business of manufacturing, distributing, selling, serving or furnishing alcoholic beverages, the General Liability policy will protect you in case someone claims you are legally liable for a liquor-related accident. This means that, as long as you don’t charge for the alcohol, you would be covered if you occasionally distribute alcoholic beverage – such as at any annual company picnic or a holiday party.

Event Insurance

Shows and Events Cancellation and Interruption Insurance provides coverage for total cancellation, partial cancellation or lack of attendance due to a covered peril. Cancellation Insurance provides you with coverage which enables you to keep your business going when an unexpected occurrence affects your event. Insurance is provided for your total gross revenue which protects the gate receipts as well as your booth fees and sponsorship revenue. Even first time events can be covered for costs and expenses. You must submit an application for quotation. Prices vary by the location of your event, type of event, time or year, gross revenue and prior loss history

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