Are you an event planner who has never considered insurance when creating an event? Without the right policy, many possible disasters can ruin even the best-laid plans.
That’s why anyone involved in special events needs event insurance. There are a variety of policies that protect your attendees and property from whatever may come.
Would you like to learn more about special event insurance? Then keep reading. In this article, we’ll share info about event insurance policies and why you need them for success.
Special Event Insurance Coverage
Special event insurance covers the potential risks of hosting any special occasion, from a wedding to a school carnival. This type of insurance provides financial protection against claims of bodily injury or property damage that may arise during an event. Special event insurance coverage includes:
Basic Protection and Liability
Special event liability covers damages to the venue and third-party injuries. It also includes liability coverage for organizers, vendors, sponsors, and volunteers. The essential protection protects hosts from liquor liability from serving alcohol.
Special event insurance often includes personal and advertising injury coverage. This helps to protect the hosts from allegations of copyright infringement, libel, and slander.
Hospitality and Vendor Liability
The insurance covers expenses from medical bills due to accidents resulting from the event. It also covers legal defense fees and property damages incurred from the event.
This helps to protect event hosts and vendors from the risks involved with a large, temporary gathering. It will cover liabilities from food/beverage service and any other harm associated with vendors hired to staff the event.
Accident Aggregate
This coverage can help protect your business and event guests from any unforeseen accidents that may take place at your event. If you are held liable, this helps cover physical injury and property damage resulting from an event.
It helps protect your assets and can help you and your business avoid financial ruin. This is in the event of an accident or medical issue resulting from your event.
Cancellation and Non-Appearance
It protects the insured party from losses incurred from the cancellation or non-appearance of a particular event. It helps to cut the potential impact of unexpected disruptions or cancellations.
Coverage can include expenses to reschedule or postpone and reimbursements for nonrefundable deposits. It may also cover specific events such as natural disasters, pandemics, and civil disturbances. It also includes death or financial loss due to the malicious acts of a third party.
When Should I Buy Event Insurance?
Generally, it is best to buy event insurance as soon as possible. Two weeks before the event is the most appropriate time.
They are buying the policy before any event-related activities will ensure to cover all necessary materials in case of a loss.
It also provides valuable peace of mind that you’ll be taken care of whatever happens. Visit Clear Insurance Solutions today for your insurance needs.
Get an Insurance Now
Special event insurance is a great resource that can help protect your event from potential incidents, losses, and liabilities. With several coverage options, you can determine the right plan that fits your event.
Starting your special event insurance coverage is easy and affordable. Contact an insurance professional today to learn more!
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