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Post by chrisins on Oct 19, 2010 14:36:08 GMT -5
Theft is a covered cause of loss - as long as the property is under your care, custody and control - meaning that you are safeguarding it - coverage does apply for theft.
In terms of the additional charge to add an additional insured...
Not all shows require that they be named as an additional insured. You might never encounter a show that specifically needs to be named as an addtional insured - only when they specifically use the verbiage ADDITIONAL INSURED is when the charge would apply.
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Post by davejs on Oct 19, 2010 14:54:34 GMT -5
Theft is a covered cause of loss - as long as the property is under your care, custody and control - meaning that you are safeguarding it - coverage does apply for theft. In terms of the additional charge to add an additional insured... Not all shows require that they be named as an additional insured. You might never encounter a show that specifically needs to be named as an addtional insured - only when they specifically use the verbiage ADDITIONAL INSURED is when the charge would apply. With regard to theft. The property has to be under our care, custody and control? During the evening we close up our booths and our things sit inside until the morning. There is security. Are we covered during that time period. I would say that there are perhaps 3-5 occasions during the year that the promoters ask for 'additional insured.' Maybe more for some people.
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Post by chrisins on Oct 19, 2010 15:39:15 GMT -5
If there is security present and the tent is locked and is broken into, I imagine that coverage would apply in that case. This would be up to my claims department but the reasonable care to lock up the tent should be enough for coverage to apply.
If the tent is not locked and anyone can just walk up and take merchandise - coverage would not apply in this case.
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Post by davejs on Oct 19, 2010 16:53:14 GMT -5
If there is security present and the tent is locked and is broken into, I imagine that coverage would apply in that case. This would be up to my claims department but the reasonable care to lock up the tent should be enough for coverage to apply. If the tent is not locked and anyone can just walk up and take merchandise - coverage would not apply in this case. How do you lock a tent/canopy? In my 18 years of doing events (500+) I have yet to see a 'tent' locked.
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Post by chrisins on Oct 19, 2010 19:30:20 GMT -5
I know a lot of insured's say they have locks on their tents - I think some have zippers that can lock - I am not an expert on these and don't go to a ton of shows but people indicate that they have them....
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Post by davejs on Oct 19, 2010 22:24:50 GMT -5
I know a lot of insured's say they have locks on their tents - I think some have zippers that can lock - I am not an expert on these and don't go to a ton of shows but people indicate that they have them.... Most of the vendor's out there have EZup/Caravan canopies. You enclose them with four 8ft high 10ft long sidewalls which zip up to one another. So you have four zippers and I really can't picture how you would lock them. Only thing I can say is to run a thin cable through each of the zippers and lock the ends. Difficult.
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Post by traveler on Oct 22, 2010 1:17:02 GMT -5
Suktexas, is 91745 where you are at?I know that area all too well. I was born and raised in 91745 right off Gale and Hacienda Blvd. Lots of changes in the past 20+ years! Small world! In fact, I met a gal in Texas, working a booth next to me that was also raised in 91745. Maybe 4 blocks from me. Here we were some 1200 miles away working side by side! i read most company need 1 million liability, never read about 300K liability insurance. most of them need us to put their name on if they need liability insurance. so $20 for the whole year for all the show host names. can you quote the premium for 1 million liability for a zip code of 91745 with the option of show host name added? We offer the Liability Limits of $300K, $500k or $1M - the policy is rated off of your primary residential zip code as well. So depending on where you are located at in the country, along with what limits you choose, helps determine the cost. I have had people get away with roughly $140 for the year depending on those factors... If you go to a show and they specifically want you to name them on the policy as ADDITIONAL INSURED - there is a $20 fee for that. Some shows need this, some do not. You may never have to do this but if you do it is not a problem but that fee does apply. Assuming your limits do not change year to year, the premium would remain the same. Thanks and please let me know if you need anything else.
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Post by traveler on Oct 22, 2010 1:26:07 GMT -5
I don't know about your case, but I can say personally that EVERY SINGLE VENUE I have done this year since getting the million dollar liability insurance policy has INSISTED that I add their name as additional insured, and show proof. Even the 3 day shows in ND. If I had to pay 20 dollars for every time I had to get a policy change like that, it would be quite costly!!!!!
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Post by davejs on Oct 22, 2010 9:07:17 GMT -5
I don't know about your case, but I can say personally that EVERY SINGLE VENUE I have done this year since getting the million dollar liability insurance policy has INSISTED that I add their name as additional insured, and show proof. Even the 3 day shows in ND. If I had to pay 20 dollars for every time I had to get a policy change like that, it would be quite costly!!!!! Out here in CA, mostly it's the County and State Fairs that require insurance. There are some other 2-3 day events that require it also, but a huge majority do not. For vendor's such as you, that 20 dollar few can add up. That policy would probably work out for me and a good number of vendors out here, but I have insurance and I don't pay extra.
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Post by suktexas on Oct 23, 2010 19:43:22 GMT -5
now, i know the area very well too. but i am a traveller. last year i go to dallas for 4 months during summer, and this year summer, i go to colorado springs. winter time, i spend 5 months in mesa, quartzsite, and yuma. i go to china for 2 months while i was not selling. so there is not much time left! where are you now, traveller? Suktexas, is 91745 where you are at?I know that area all too well. I was born and raised in 91745 right off Gale and Hacienda Blvd. Lots of changes in the past 20+ years! Small world! In fact, I met a gal in Texas, working a booth next to me that was also raised in 91745. Maybe 4 blocks from me. Here we were some 1200 miles away working side by side! i read most company need 1 million liability, never read about 300K liability insurance. most of them need us to put their name on if they need liability insurance. so $20 for the whole year for all the show host names. can you quote the premium for 1 million liability for a zip code of 91745 with the option of show host name added?
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Post by traveler on Oct 23, 2010 20:38:27 GMT -5
I ran back up to North Dakota to close out the year end paperwork, and contimplating if I want to go to Quartzsite this year. I still have property in the Ca. desert. Small world! now, i know the area very well too. but i am a traveller. last year i go to dallas for 4 months during summer, and this year summer, i go to colorado springs. winter time, i spend 5 months in mesa, quartzsite, and yuma. i go to china for 2 months while i was not selling. so there is not much time left! where are you now, traveller? Suktexas, is 91745 where you are at?I know that area all too well. I was born and raised in 91745 right off Gale and Hacienda Blvd. Lots of changes in the past 20+ years! Small world! In fact, I met a gal in Texas, working a booth next to me that was also raised in 91745. Maybe 4 blocks from me. Here we were some 1200 miles away working side by side!
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Post by walkersstics on Dec 30, 2010 8:40:35 GMT -5
Would This Insurance Coverage rate also be a Tax Write off?
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Post by traveler on Dec 31, 2010 23:23:00 GMT -5
Would This Insurance Coverage rate also be a Tax Write off? I am going to assume that it is, since it is an expense for the cost of doing business. I know it is listed for my P&L to the tax person for 2010, as space cost, RV space rent, drug tests I've been required to take, and mileage deduction. etc. I keep the receipts and let them figure it out!!!
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Post by walkersstics on Jan 1, 2011 13:02:56 GMT -5
Great, Thank You for your response
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Post by Ross Graham on Apr 14, 2011 11:13:46 GMT -5
Hi Folks! Dave mentioned me in another thread. My name is Ross and I am the rep for the Artist, Crafters and Tradesman (ACT) Insurance program. www.actinspro.com It has been interesting reading all the posts. If anyone has any questions let me know. Here is a little info to answer some questions you posed on this thread. The Carrier for the insurance is A rated by AM Best. ACT does not charge extra for adding additional insured ACT has nationwide coverage and rates DO NOT change according to location. Everything is done online. No lengthy "waiting for a quote" period. You can sign on, create an account and purchase the policy you need within minutes. Your policy and certificate will be emailed to you. You can also log onto the site and access your docs and add additional insured at anytime. If you enter the email of the show you are attending, an email with a certificate listing them as additional insured will also be sent automatically. Show policies start at $39 for three days and annual policies with a wide range of coverage starts at only $265. Sorry to give the spiel but I thought this would be informative to those looking for insurance and comparing policies and companies. It is important to purchase the right policy you need to cover all of your assets. Thanks again, Ross Graham rgraham@stratusins.com 866-395-1308 www.actinspro.com
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