Learn about new coverage options as part of the TULIP program
What Is New with TULIP
The TULIP team is excited to announce that we have added new options for the sublimit for sexual abuse and molestation (SAM) coverage to the program. Previously, the sublimit for SAM coverage was $50,000 per incident with a $100,000 aggregate. This coverage was automatic to every quote offered in the TULIP. We now have two additional limit options to choose from: The first is $100,000 with a $300,000 aggregate and the second is $300,000 with a $600,000 aggregate.
The program will continue to automatically include the minimum $50,000 sublimit and then the tenant users will have the option to increase the limit like the selection of the Excess Liability limits. Below is an overview of the additional pricing for the SAM coverage:
What Is TULIP
Tenant user liability insurance, often referred to as TULIP, is a type of insurance designed to provide coverage for individuals or organizations (“third parties” to the institution) that rent or use a venue for a specific event that falls outside the institution’s normal operations. A few of the key benefits of the TULIP are:
- Protection Against Liability Claims: TULIP provides coverage for bodily injury or property damage claims that may arise during the event. This protects the tenant user from potential lawsuits and financial losses.
- Coverage for Various Events: This insurance is versatile, and covered events range from low-risk events such as classroom seminars, receptions, or weddings to high-risk events, including festivals and fairs, sports events, or concerts. The policy does contain exclusions for certain high-risk activities such as water events and rodeos, etc.
- Peace of Mind: Knowing that there is insurance coverage in place allows event organizers to focus on the event itself without worrying about potential liabilities.
- Compliance with Venue Requirements: Institutions require event organizers to have liability insurance as a condition of rental. TULIP helps meet these requirements, ensuring that the event can proceed as planned.
- Cost-Effective: TULIP is typically more affordable than purchasing a standalone liability policy, especially for one-time or infrequent events.
- Customizable Coverage: The policy provides basic general liability coverage written in the name of the tenant user. Additional coverage for liquor or excess can also be included. It is event-specific and, if needed, can also cover vendors, performers, and exhibitors.
- Additional Insureds: The policy includes the institution as additional insureds, providing them with protection as well.
Why Buy TULIP
TULIP protects both the tenant user (the third party) and the institution against claims by individuals who may be injured as a result of participating in an event. It also provides property damage coverage to protect the institution’s facility if the damage is caused by the tenant user or one of their guests. Key benefits include:
- No cost to the institution
- Transfers risk from institutions’ own insurance programs
- Eases administrative work for facility administrators through an easy certificate process
- Automatic insurance documentation
- Third party is relieved of the responsibility of finding acceptable coverage
- Insurance is event-specific and low cost
- Promotional tool to attract users by having insurance available
Basic Coverage
The following table provides information about limits of liability. Please note that medical payments are excluded because the insurance carrier will investigate all claims. This does not mean that medical payments will not be paid but that the carrier will make that determination through its claims investigation.
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Name
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Limit
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Notes
|
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General Aggregate
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None
|
|
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Products-Completed Operations Aggregate
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$1,000,000
|
|
|
Personal and Advertising Injury
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$1,000,000
|
|
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Each Occurrence
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$1,000,000
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Additional Limits may be purchased
|
|
Fire Damage Expense
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$50,000
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Any One Fire (exclude for events under 7 days)
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|
Medical Payments Expense
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Excluded*
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|
|
Third Party Property Damage Limit
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$1,000,000
|
|
|
Liquor Liability
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$1,000,000
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Additional cost* (may be required by Institution)
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|
Athletic or Sports Participants
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Excluded
|
|
|
Abuse or Molestation
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$50,000
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Additional limit options available
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How It Works
As a member of URMIA, your institution can register for the TULIP program. Once registered, you will be able to direct tenant users to an easy web-based program. Tenant users will go through a simple quote process, and if they decide to purchase coverage, they will complete the transaction there on the website.
After a tenant user completes a transaction, we send the tenant user a binder of coverage (certificate of coverage) via email, and we send a copy of that document to the institution. Costs are based upon the type of risk, the number of days, the number of participants, and if there are any special requirements, including liquor liability, vendor coverage, or excess liability.
URMIA Insurance Benefits
TULIP is one insurance program URMIA offers as a member benefit. See all of URMIA's current insurance programs for members on URMIA’s website.
4/29/2025
By Tracy Paladino, Client Service Supervisor/GSE Coordinator, Public Sector | Higher Education, Gallagher
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