Do I, as a customer, need public liability insurance?

  • by Emma
  • Jan 09,2018
  • 9 answers

I'm trying to rent out a dance studio and I received an email. I'm not quite sure what it means as I thought public liability insurances was protection for a business from a third party suing them. The email stated the following:
'With all of our studio bookings, we require that you have public liability insurance with a general indemnity to principal clause amounting to a minimum of €2.6 million. We must be explicitly named as a principal on the policy. Should you already have public liability cover it may just be a case of adding us as a nominated principal in the general indemnity clause. Some larger policies will extend indemnity cover to all principals, in this case, we do not require us to be explicitly named. We will require a copy of your policy, with the aforementioned indemnity, in advance of your booking'


LIKE OR DISLIKE:

  

Insurance Answers (9)

Beverly S 5 days ago

You aren't a customer, you are a business renting out a commercial venue & yes you need liability insurance.

Help others find the most helpful reviews
Was this review helpful to you?  

Elaine M 6 days ago

You're not a customer, you're a renter of the studio area. That makes you a business owner. You need business insurance to cover any issues if someone sprains an ankle on your studio floor. Contact an insurance company and ask if they do business insurance, if they don't, then ask for a referral.
I had to get that for having a booth at a renaissance festival. You have to use an insurance company that's in the state you are doing the business in (which was difficult for me because I live in Wisconsin and the event was in Pennsylvania). Ask for prices by the year, or by the month, it would depend on how long you plan on renting the space.

Help others find the most helpful reviews
Was this review helpful to you?  

Judy 6 days ago

You as the owner can be sued as well as the operator of the events.

Help others find the most helpful reviews
Was this review helpful to you?  

Michael 6 days ago

idk

Help others find the most helpful reviews
Was this review helpful to you?  

DR + Mrs Bears face 6 days ago

You are responsible for the safety of people coming to your event that you hold in the studio.

Help others find the most helpful reviews
Was this review helpful to you?  

Casey Y 6 days ago

Yup. You want to attend a class, no big deal. You want to rent their space, you better have liability insurance that will extend to protect the owners/operators of the studio or they wont let you rent it.
Pretty common issue, must be your first time trying to rent a commercial space... If you bring people onto the premises and they are injured, those third parties will sue the owners, operators and you as the renters. As such, anyone renting out the space will want to be covered on your policy.

Help others find the most helpful reviews
Was this review helpful to you?  

Eva 6 days ago

If you are renting the studio to hold classes there, then you are a business.

Help others find the most helpful reviews
Was this review helpful to you?  

H. Marie 6 days ago

the place you rent is covered with their own insurance, they do not cover the people who rent from them, and if you have a service that possibly could in some way cause any harm, you need your own liability insurance, as well as insurance for your belongings

Help others find the most helpful reviews
Was this review helpful to you?  

Devoreal 6 days ago

Yes. Because your insurance has to cover any injuries to the people coming in to your classes. If they injure themselves ...and you do not have coverage...they can come after the owner of the building...and because the building owner does not want that...you must have insurance to cover the people you have coming in.

Help others find the most helpful reviews
Was this review helpful to you?  

Post a Answer

Your comment was successfully posted!

Or use your account on Blog

Error message here!

Hide Error message here!

Forgot your password?

Or register your new account on Blog

Error message here!

Error message here!

Hide Error message here!

Lost your password? Please enter your email address. You will receive a link to create a new password.

Error message here!

Back to log-in

Close