Business Insurance for Wedding Halls, Banquet Halls, Reception Facilities, Convention Centers
In recent years, owners and operators of Wedding and Banquet Hall Facilities have seen their Business Insurance rates sky-rocket. A careful review of the policies will also show a decline in coverage.
Wedding Halls, banquet halls, reception facilities, are historically a loss for most liability carriers, due to the high number of events, and large number of participants in each event. Live music and dance floors, combined with alcohol, is a perfect setting for increased slip and fall claims. As a result, many established admitted carriers are either exiting the market place, or being very selective in their criteria with minimum coverage being offered.
Affordable General Liability and Liquor Liability Insurance for Banquet & Reception Halls
Reception Hall owners struggle to find competitive and comprehensive insurance at affordable rates. resulting in limited coverage options for owners and operators. Unfortunately for business owners, these shortcomings only become apparent after an insurance claim is denied.
Most Banquet & Wedding Facility Liability claims for damages fall into one of these categories:
- General Liability Policies for Slip & Fall Claims
- Liquor Liability Policies for Alcohol Related Claims
- General Liability Policies for Food Illness Claims
- Professional Liability Policies for Event Planning Claims
- Professional Liability Policies for Errors & Omissions
- Directors & Officers Insurance for companies with Shareholders and Investors
Insurance for Property include the following:
- Multiple Peril Policy
- Building or Commercial Property Insurance (including fire, flood and demolition insurance)
- Content & Personal Property damage insurance
- Fire Insurance
- Boiler & Machinery Insurance
- Business Interruption
At Higginbotham Insurance, we perform a careful and thorough analysis of your business operation, and negotiate Insurance Policies specific to your company.
Higginbotham offers unique services to high touch clients. A key service is our Claims Management process. Our Claims Handling department works independently from the insurance carrier, and assists to close claims for speedy resolution. Our Loss Control Prevention team offers a top down inspection of the facility, highlighting potential loss areas for safety concerns.