In the vibrant world of event planning, protecting your event is very important. Event planning is busy and full of surprises. Weddings, corporate events, and festivals can change quickly. In these moments, event insurance helps you stay safe. This post explains the different types of event insurance.
What is Event Insurance?
Event insurance is a special policy that guards you from unexpected incidents at an event. It stands by you when things like cancellations, damage, or claims occur. Knowing about these policies helps you host events that go well.
Types of Event Insurance
1. General Liability Insurance
General liability insurance sits at the heart of event protection. It guards event organizers against claims of injury and damage. If a guest falls at your event, it helps pay legal fees and settlements.
2. Cancellation Insurance
Cancellation insurance shields your event when you must stop or delay it. It covers instances like bad weather, natural disasters, or pandemics. This policy helps pay for deposits and expenses you have already made, keeping your finances safe.
3. Weather Insurance
Weather insurance helps outdoor events stay secure. It covers risks like rain, snow, or extreme heat. The policy pays a set amount if weather stops your event or brings fewer guests.
4. Liquor Liability Insurance
Liquor liability insurance becomes essential if you serve alcohol at your event. It shields you from claims when drinking leads to mishaps. If a guest drinks too much and causes harm, this policy helps pay for medical costs and legal bills. Many venues ask for proof of this insurance before allowing alcohol on site.
5. Property Insurance
Property insurance protects the items you use at your event. It covers tents, tables, equipment, and decor. If these items suffer theft, accidents, or vandalism, property insurance pays to fix or replace them so that costs do not climb high.
6. Special Event Insurance
Special event insurance is a custom plan for events such as weddings, festivals, or concerts. It mixes coverages like liability, cancellation, and property protection. This mix fits the risks that come with your event.
7. Inclement Weather Insurance
Inclement weather insurance works much like weather insurance but focuses on guest safety. It helps if harsh weather forces you to move or reschedule. It pays to cover extra costs to keep guests safe and at ease.
Why You Need Event Insurance
Buying event insurance is a smart move that cuts financial stress later. It gives you calm knowing you have a backup plan. As an organizer, you must care for your event and all who attend. In a world full of risks, the right insurance makes your event run well, big or small.
Our Top Picks For Liability Coverage
Be sure to check your venue’s insurance requirements before securing a policy!
GatherGuard
Starts at $75 for $1M/$2M GL coverage
Min. Damage to rented premises limit: $250,000 (Upgrade to $1M for $25+)
Medical expense limit: Not included
Waiver of Subrogation Endorsement: No
Primary Noncontributory Endorsement: No
Free quote feature available
SpecialInsurance.com
Starts at $160 for $1M/$2M GL coverage
Min. Damage to rented premises limit: $300,000 (Upgrade to $1M for $75)
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
Free quote feature available
Coverage can extend beyond midnight depending on state liquor laws, in which case only 1 day of coverage is required