If you have ever held an event, you know that even with the most careful of planning, unexpected situations can come up. Event insurance covers short-term private and public events and protects the event holder from claims made against them due to injury to guests and spectators or damage to the venue. Event coverage may also reimburse you if you have to unexpectedly cancel your event.
What types of events need coverage?
Weddings, retreats, festivals, fairs, parades, parties and celebrations, meetings, sporting events, car shows, concerts and many more.
Do I need coverage for my event?
If you are using someone else’s space to hold an event, you will likely need event insurance as it is often required by the venue in the rental agreement.
When should I purchase event insurance?
It is a good idea to obtain event coverage as soon as you start making deposits or purchases for an event.
Types of event coverage
- Event liability coverage helps if you are found to be responsible for property damage or injury caused during your event. For example, if the band you hired to play at your wedding damages a venue wall while playing, an event policy may help cover the cost of repairs. Likewise, if a wild guest accidentally bumps into a server and causes a fall, this coverage may help pay for the server’s medical expenses.
- Event cancellation coverage safeguards your investment if you have to postpone or cancel your event due to circumstances beyond your control. Some examples are weather, labor strikes, non-appearance of key people and unavailability of venue due to wildfires, floods or power outages.
- Event weather coverage protects against adverse weather conditions that can reduce revenue (think ticket sales, concessions and parking) at your event.