Why do you need Insurance for your Golf Tournament?
By Brian Wiebe, Hub International
Fantastic, you volunteered to be in charge of your company or charity golf tournament, maybe you were appointed. But what to do next?
Thankfully to the right is a list of what you need to do to get the ball rolling as it where. But wait, isn’t this supposed to be about why Insurance is necessary for the tournament? So, why do you need insurance?
Like any social gathering a Golf Tournament is full of challenges, primarily alcohol liability. Also, have you decided on a prize hole? What if the weather is bad and you can’t play? What if there’s a Celebrity booked to appear and they fail to show?
Let’s deal with Alcohol first, if you are serving alcohol or having a wrap dinner you may or may not require Host Liability Insurance, check with the venue to see if they can extend their coverage or if you must place your own, coverage is available, easy to place, and depending on the size of
your event, reasonably priced!
Now the fun one, hole-in-one’s are insurable, really! Yes, and depending on the prize offered,
if someone scores an ace, you can be assured the winnings will be paid and not affect the bottom line of the company or charity you are supporting. Of course rules apply, and you talk to your broker to make sure that you are aware of what they are, so that if someone hits the prize you and your tournament look great! There is also event cancellation insurance and non-appearance insurance available, you decide if you need it.
Make sure to speak to a broker like HUB, who will make sure that the insurance you require is in place and most importantly, is cost effective for your awesome Tournament!
Have a fantastic Tournament, and most importantly have fun and bask in the glory that is yours!
Brian Wiebe, CIP
Commercial Lines Account Executive
HUB International Calgary
Plan a GOLF TOURNAMENT: