Special Events Insurance

Your Business and Employees If your business is going to host a special event, you know that there is increased risk of bodily injury and property damage. Your business and its employees will be covered for this liability.

Your Other Insurances Special event policy will be primary, so if something does go wrong no matter how much you plan for it not to, this policy will provide coverage first which will keep your other insurance premiums down.

Special Events Insurance will come in handy if:

• You are the host or organizer of a special event and want to protect yourself and your business against unwanted outcomes.

• You are the host or organizer of a special event and want to protect your guests and your clients against unwanted outcomes.

• You are the host or organizer of a special event and want to protect the location of your event against damages.

• You want to ensure your business assets are protected for now and for the future.

• You want coverage that covers the specific aspects of your individual event including alcohol and food services, live performances, equipment and more.

A special event policy covers specific types of protections in addition to what your General Liability Insurance covers. Each of these protections will have coverage upwards of a given amount.

If your policy provides coverage upwards of $1 million, then this will be the limit. As the types of coverage needed for Special Events vary greatly, each will have a different amount.

If you choose a policy that does not cover the full value, then you will be protected upwards of a given amount.

The costs associated with Special Events Insurance vary in accordance with the specific policy you have chosen. Each policy is created based on the specific aspects of your event.

The scale of the event will be a determinant of the types of services necessary to be contracted. Each type of contractor on site will need a specific type of coverage.

Special Events can range from a small private employee or client appreciation party to a corporate funded festival. Some events may have food while others don’t. Events with alcohol have specific liabilities that may require a greater amount of coverage.

Overall, the cost will be contingent upon the type of the insurance policy you choose and how much protection it affords. You may choose a policy that includes one, several or all of the aforementioned protections, each of which have their own costs.

Regardless of the protections, you invest in; you will likely find yourself paying a small percentage of that amount in the form of a premium.

Named Insured is the person or entity listed on the policy who will be given the insurance coverage. The named insured will be listed on any claim check that is awarded should there be one. It is usually the person or entity that needs to have the insurance coverage and is often the one paying for it.

Event planners absolutely need insurance. An event planner is giving advice and planning things for people or businesses that depend on them. If something goes wrong, the event planner can be sued for their liability, both general and professional.

Not only do most venues require you to have Liability insurance if you are having a public or private event, but it is a critical insurance policy to have.

Due to the number of people attending your event, the risk that something unfortunate and unforeseen will happen is higher than normal. Even more so if you are serving or allowing alcohol at your event.