Asking yourself, “How to choose event insurance?”? When planning an event, you feel excitement build whether it’s a wedding, a corporate meeting, or a festival. Event insurance helps guard your day even when surprises appear.
Why Do You Need Event Insurance?
Events can turn in new ways. You plan every step, but unknown events still come. Event insurance guards you against some risks like these:
- Accidents may injure a guest. This can mean high medical bills.
- Damage to a rented space may force you to pay repair costs.
With good event insurance, you gain a shield against such risks.
Key Considerations and How to Choose Event Insurance
1. Know Your Needs
Before you pick a policy, look at your event’s features:
- The type of event matters. A wedding, a concert, a business meeting, and a birthday party all have different risks.
- The event’s location and rules. Some venues demand special insurance. Check that you follow the venue’s requirements.
2. Look at Coverage Options
Event insurance has different parts. Common parts include:
- General Liability covers claims about injuries or damage during the event.
- Cancellation Coverage helps with costs if you must cancel or delay your event.
- Weather Coverage helps you recover funds if bad weather stops your plans.
- Alcohol Liability covers claims if serving alcohol leads to injuries or other harm.
3. Compare Policies
When you know your needs and see the coverage types, check different policies. Look at:
- Limits of Coverage to be sure they match your event size.
- Exclusions. Every policy leaves out some risks. These might include missing permits or intentional acts. Know what is not covered.
- Customer Reviews. Read reviews and ratings. A provider with kind service can save you trouble when you file a claim.
4. Seek Advice
If event insurance feels puzzling, talk to an agent who works with event policies. They can help you learn your choices, review risks, and suggest the best policy for your event.
Getting the Best Value for Your Event Insurance
• If you host several events, check if bundling policies earns you a discount. GatherGuard for example will let you put repeating events on the same policy.
• Buy your insurance early. Early purchase locks in the price and may cover you during planning.
• Ask your agent about any terms you find unclear. A clear answer helps you decide well.
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