To help protect NIRMA members’ from claims that may result from third-party events or activities conducted on their property, we now offer TULIP coverage.
What is TULIP? It’s a Tenants’ and Users’ Liability Insurance Policy, also known as “events coverage,” intended for use by third parties who conduct one of any number of different types of events or activities on a member’s premises and protect both the third-party user and the NIRMA member from claims that could arise during the event.
NIRMA is partnering with Mercer Consumer, a service of Mercer Health & Benefits Administration LLC, to offer this coverage at no cost to NIRMA members and at a very affordable price to third parties who will be using a member’s property. The coverage is specifically written by Mercer Consumer for the third-party user and names the NIRMA member as an additional insured. The price a third party pays for the coverage is determined by the level of risk associated with the event, its length and the number of participants, as well as any special requirements there might be, such as alcohol liability.
Before a third party can apply for coverage, a NIRMA member must complete and submit to Mercer Consumer an application for approval. Once this is received, the NIRMA member would direct third parties to a website where they can apply for the TULIP coverage.
To learn more about the TULIP program and the benefits it can provide, visit our TULIP page.