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  1. #1
    Join Date
    Jun 2011
    Posts
    5

    Default Liabilities of Renting Business Property for Private Event

    state of: INDIANA

    Our corporation owns commercial lakefront property with a large parking area, a boat launch ramp and around 90 boat slips. We lease the boat slips on an annual basis and charge for use of the launch ramp. We have facilities on the property i.e. bathrooms & showers.

    One of our current customers inquired about renting a small portion of the property one Saturday to host a children's birthday party.

    I would like to rent the space to our customer although I am concerned about any potential liability e.g. kids getting hurt, etc.

    What would we need to do in order to shield our entity from liability?

    Additionally, what would be some legal or liability concerns we should consider in making our decision whether to rent the property?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Liabilities of Renting Business Property for Private Event

    I suggest simply having a discussion of the plan with your insurance agent and making sure that your present coverage would extend to the party. You would have a better idea than us of any potential hazards on your premises; tables, chairs and birthday cake are pretty straightforward.

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