Wedding Planner Insurance

A wedding planner helps a couple, who wishes to get married, plan and organize their wedding. They work with the couple to map out all of the little details for the couple's big day including location, flowers, photographers, musical acts, and food recommendations.

As a wedding planner, it is your job to fulfill the needs of your client so that they have the wedding they've always dreamed of. This also means that you have to anticipate everything that could go wrong at a wedding, however, you can't always anticipate the risks. This is why you need insurance, as it can protect you from the events that you wouldn't have thought would happen. The insurance covers for the expenses that could otherwise lead your wedding planning business into bankruptcy.

Below are the common risks wedding planners can face:

• A client of yours claims that the wedding wasn't a success and isn't memorable enough, and sues your business for that.
• While at the wedding venue, a guest trips on a loose wire that your employee was about to fix. This causes your guest to fall down and break their right arm. While you were able to provide medical expenses to that guest, the guest claims that it is not enough and files a slip and fall claim against your business.
• Your office catches fire because of a phone charger that was left plugged in overnight. Your computer and all the records in it are burnt to dust, important documents have disintegrated, and all other furniture and equipment are either burnt or destroyed.

There is no fixed cost of insurance for wedding planners as the cost is usually defined by the size of your business, the coverage required, and many other factors. Without taking these into account, below is the average cost of insurance for your business:

• Business Owners Policy costs $900 in annual premiums.
• General Liability insurance costs $500 in annual premiums.
• Professional Liability insurance costs $800 in annual premiums.