Special Events Insurance

Planning a special event may require you to invest significant time and resources. Even the most experienced organizers may be unable to avoid all obstacles and inconveniences, potentially leading to substantial out-of-pocket financial consequences. With this in mind, understanding and securing appropriate special event insurance coverage may be crucial.

What Does Special Event Insurance Cover?

A special event insurance policy can be purchased to protect many types of occasions financially, including weddings, festivals, conventions and fundraisers. An adequate policy can enable you to file a claim for financial compensation following various incidents, such as the following:

• Third-party bodily injuries—If an attendee, vendor or other third party is injured at your event, your insurance may help pay for their medical expenses and other financial losses.
• Third-party property damage—This part of your policy can protect you financially if another party’s property is damaged during your event, such as the decorations or furniture of a venue.
• Cancellations or delays—This coverage can help recoup losses related to cancellations or delays, such as rescheduling fees and nonrefundable deposits.
• Personal property losses—Special event insurance may include coverage for high-value items, such as wedding dresses, jewelry and gifts.

You may need additional insurance, depending on the specifics of your event. For example, if you plan to serve alcohol, you should consider liquor liability coverage.

When working with a special event insurance company, you should expect to have your circumstances fully vetted before being quoted a rate for coverage. In most cases, this may include analysis of the following:

• Event type
• Event duration
• Venue details (e.g., location and size)
• Expected number of attendees
• Presence of alcohol
• Prior claims history
• Coverage details (e.g., limits and endorsements)
  

Get the Right Coverage

With an extensive track record dating back to 1879, Insurance Agencies Inc. has the experience needed to ensure your financial interests are adequately covered. Contact us today to learn more or get a personalized special event insurance quotation.