TULIP Insurance | Tenant Users Liability Insurance
TULIP Insurance Policy
Tenant Users Liability Insurance (TULIP)
By: Allen Financial Insurance Group
Tailored protection for Entertainment, Recreation & Special Events in one portfolio.
Allen Financial Entertainment is an innovator of entertainment and special event liability insurance. We offer comprehensive insurance programs for our entertainment clients developed from the experience garnered by decades of work in this field. Our programs have provided outstanding protection for thousands of entertainers and venues such as Concerts, Festivals, Sporting Events, Commercial Producers, Television Productions, Live Entertainment, Music, Broadcasting, Theater, Publishing & Advertising.
What is a TULIP?
TULIP is a Tenants’ and Users’ Liability Insurance Policy, also known as “Events Coverage.” It is used by institutions who permit “third parties” to use their facilities for specific events. It is not intended for institutions to shift any of their specific operational risks away from their own general liability policies. Rather, it protects both the “facility user” (e.g., event host or visiting organization) and the institution against claims by third parties who may be injured or lose property as a result of participating in an event.
Events may range from very low-risk events such as classroom seminars, receptions, or weddings to higher-risk events including festivals and fairs, sports events, or rock concerts. Costs for the facility users are based on the risk of the activity, the number of days of the activity, the number of participants, and if there are any special requirements, including alcohol liability, participant coverage, and so forth.
Our Tenant Users Liability Insurance Protection (TULIP) is insurance uniquely designed to provide short term liability insurance coverage for tenants of facilities or venues for events which cannot be covered under their current insurance or for which they have no other coverage. By purchasing the coverage under a policy written for all tenant users of a specific facility or venue, the tenant user not only meets the contractual obligations required by the venue, but obtains coverage that is more competitive than purchasing a single special event policy. A simple one page questionnaire is all that is needed to apply. Typical facilities or venues needing TULIP coverage include stadiums, arenas, convention centers, religious institutions, performing arts centers and schools.
Liability Per Event Limits:
|Aggregate Products / Completed Operations||$1,000,000|
|Personal / Advertising Injury||$1,000,000|
|Host Liquor Liability||$1,000,000|
|Fire Legal Liability||$100,000|
|Contractual liability provided|
|Premises Owner, Co-Promoters & Sponsors named as additional insured at no extra cost !|
|Multiple blanket additional insured’s|
|Separate limits for personal injury liability and advertising injury liability|
|Commercial liquor liability available|
|Automatic additional protected person status for Lessors and Volunteer Workers|
|Employee and Volunteer injury that results from failure to provide first aid|
|Set up and take down (day before & day after).|
|Ease of use – Tenant users needing insurance in order to rent a facility can purchase under the facility’s TULIP policy – no need for a separate special event policy|
|Minimum premium for tenant users as low as $100 per event – lower than a monoline special event policy|
|Policy specifically designed to meet the contractual insurance requirements in the facility rental agreement|
|Ability to include exhibitors for a small flat charge|
|Admitted, A+ Insurance Company|