What is Event Insurance?
Event Insurance covers the legal liability you or your company may hold from certain types of claims arising from accidents taking place during an event you host.
Depending on the policy language, conditions and exclusions, it protects the host of the event if there is damage to the facility caused by a guest or vendor, bodily injury, and alcohol-related accidents they are found liable for.
Things every good event insurance policy should contain are:
- Bodily injury and property damage liability – up to $2 million in coverage can be purchased anytime up to 1 day before your event.
- Liquor liability – Whether you are serving the liquor yourself, hiring a bartender or caterer to serve it or allowing your guest to BYOB.
- Event cancellation add-on – If you need to cancel or postpone, many vendors do not offer refunds and for this reason you will want the cancellation add-on.
Do You Need Event Insurance?
No matter the size of your event or how well prepared you are, you never know when the worst-case scenario could become your reality. It’s the small things that cause the most problems if you’re not properly covered. So even the most basic coverage policy could prove to be a big help in the long run.
Contact us to learn more about the right insurance for your upcoming event.