Did you know there is insurance for fundraising? Each year I arrange a golf tournament to raise money to fund a college scholarship. We have a lot of fun, good food and great prizes. Quite recently, we have added special events for fun, but also some very serious prizes. These include $50,000 for one event, $5,000 for another, and a 5 day cruise for another. We guaranteed a winner for the cruise. There were many other awards and prizes along with these. Since the purpose of the tournament was to raise money for a chosen charity, we certainly could not afford to take these winnings out of the money raised. Instead, these prizes were funded by insurance. I purchased the insurance policies from a leading company so our charity could relax and enjoy the event.
If you are considering a club event, fundraising event, or charity event please talk with your insurance agent to discuss any risk exposures you may be facing, but also ask about fun additions to give a new twist in your marketing efforts. Please call one of our agents for your event insurance.
Commercial Insurance.Net, LLC Advisor is not an attorney, accountant or certified financial planner and makes no representations or warranties to that effect. Always check with your chosen professional as to statements made in this blog for your particular situation.