In this post, we show you how to use the event insurance calculator. We explain what points change your premium and share hints for a good deal. Try it below now:
What is an Event Insurance Calculator?
The event insurance calculator is a free tool to help you quickly see which event insurance providers are best for your event insurance needs.. It helps you estimate the potential starting cost from various event insurance providers. The calculator asks for your limit, coverage, alcohol coverage requirements for your event. It then gives you an estimate from up to four event insurance providers
The calculator helps event planners and hosts budget for their insurance needs. It also helps you compare quotes from different companies quickly, saving you both time and money.
How Does an Event Insurance Calculator Work?
When you use the event insurance calculator, you choose some basic, anonymous information about your event. including:
- General liability limit requirements
- Property damage limit
- Medical expense requirements
- Endorsement requirements, like Waiver of Subrogation and Primary Noncontributory endorsements
Things That Affect Event Insurance Costs
Different parts of your event can change the cost, including:
- Type of Event: A concert or a sporting event may need more coverage and cost more than a meeting or a birthday party.
- Number of Guests: More guests may mean a higher risk and a higher premium.
- Location: Outdoor events or unusual venues may be costlier because of risks like weather or access problems.
- Event Duration: A longer event can cost more because of longer exposure to risk.
- Coverage Limits: More coverage for liability, cancellation, or property care will change the cost.
- Extra Coverage Needs: Some events ask for special care, such as liquor or equipment insurance, which can boost the price.
When Should You Use an Event Insurance Calculator?
The best time to use the event insurance calculator is at the start of your planning. Get an estimate before you book vendors or venues. This helps you set a proper budget. It also helps you pick venues and suppliers that meet the insurance rules so that you do not have a last-minute rush for coverage or risk a claim being denied.
For weddings, people often check insurance 6-12 months ahead.
Frequently Asked Questions (FAQ)
Q1: What events typically need event insurance?
A: Big events like weddings, concerts, festivals, corporate events, fundraisers, and large private parties all gain from insurance that guards against risks.
Q2: How exact is an event insurance calculator?
A: The calculator gives a rough cost based on simple inputs. For final prices, you must get a detailed quote from a company.
Q3: Can I use an event insurance calculator for last-minute events?
A: Yes, you can get an immediate estimate even for last-minute events. Still, buying insurance early secures a better rate and more options.
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