Working in a venue space carries unique, associated risks and exposures. To limit these risks, venues may require their renters to carry insurance:
General liability insurance covers damage to locations and injury to bystanders. This coverage is available on an annual and short-term basis, to fit your needs.
Why do certain venues require it from renters?
Venues will often require proof of insurance from renters to confirm that they have coverage in place. They may also ask to be listed as an Additional Insured entity for the risks and exposures related to your operations; this means that your insurance comes into play before any the venue carries.
Why do some venues offer a master plan for their renters?
Venues can offer a TULIP (Tenant/Users Liability Insurance Protection) plan, which allows you to be covered under the venue's insurance policy. This type of policy can keep your claims separate from the venue's, while making sure that everyone can be covered. Venues can offer to include you as insured under a TULIP policy for an additional fee or include the cost in the rental charges.
What exactly does a Certificate of Insurance (COI) from cover?
A Certificate of Insurance is the document that provides proof of insurance, listing the venue as either Certificate Holder or Additional Insured (if this was requested).
Additional insurance help:
Fractured Atlas: Fractured Atlas, the non-profit technology company that powers SpaceFinder, also helps the creative sector by offering affordable business insurance for the arts. Fractured Atlas has helped over 16,000 creative projects secure insurance. Depending on what else is involved in renting out your venue space, you may consider requiring other insurance types, which we can also help out with. For more info please visit our main Insurance Program page.
Fractured Atlas can only secure insurance for groups based in the US with US tax IDs.
Canadian-based insurance help:
Many Canadian venues who require liability insurance work with their own preferred insurance providers, so start by asking a venue directly about options. Otherwise the Insurance Bureau of Canada is a general resource.