It’s essential to understand what your coverage options are — not just for your Special Event, but for you, and to others.
Special event insurance is designed to cover the host’s financial losses and liabilities should problems arise during special functions.Event liability insurance can help protect you from financial loss if you are held legally responsible for property damage to the venue or bodily injury to someone injured at your event. Coverage highlights include:
Here are some specific benefits of Special Event Insurance:
Business owners aren’t the only people who may need event insurance. Private individuals often insure major events, especially when they pay a lot for the event or expect a large number of people. Wedding event insurance is probably the most common private coverage, but people might also insure retirement parties, bar or bat mitzvahs, quinceaneras, and family reunions.
Wedding event insurance has two main components: liability coverage and event cancellation. Liability coverage pays for people’s injuries and property damage, and event cancellation covers the costs that come with cancellations and postponements.You can also add host liquor liability to your wedding event insurance. It pays for damages an inebriated guest causes.
Considering most venues require a $1 million occurrence and $2 million aggregate liability insurance policy, special event insurance is a must. Even without that requirement, the risk for vendors to go bankrupt or severe weather to hit makes special event insurance plus cancellation coverage a smart investment.
If you’re looking to get coverage fast, call us. We utilizes technology to quickly compare multiple quotes from top carriers and find a low-cost option that’s right for you.