General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused somebody financial loss. PLI covers your legal defense costs, damages and settlements.
Business Owners Policy (BOP) protects you from business liability and property damage at a lower cost. BOP covers claims resulting from fire, theft & disasters. BOP also covers claims of bodily injury or property damage during your business operations.
Covers your products, materials and equipment that are transported over land (truck or train), or while they're in a warehouse. If involved in a collision, mishandling or cargo theft, Inland Marine Insurance covers the transported goods.
Why does your Wedding Planners need 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.
What risks do Wedding Planners face?
Below are the common risks wedding planners can face:
How much does Wedding Planner insurance cost?
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: