Are you planning a special event that needs coverage?
Organizing any event can be stressful, but the process is far easier if you know you’re covered against the financial risks of something going wrong. Event insurance may help give you that peace of mind and let you concentrate on making it a success
What is event liability coverage?
Special event insurance is coverage purchased specifically for a wedding or other special event. It covers a wide range of risks like your photographer not showing, extreme weather, your venue or caterer going out of business, or if your event needs to be postponed or canceled altogether.
When / Why do you need to get insurance for your special event?
Typically, you will want to obtain special event coverage once you begin putting down deposits and paying for vendors, services, and event-related items. Large or small, any event you host requires a lot of planning and preparation. Special event insurance is one way to help protect your festivities and secure coverage for the potential risks you may face.
Progressive Insurance says, “If you’re investing a lot of money in your wedding, you may also want to purchase wedding cancellation insurance so you can be reimbursed for lost deposits in case you have to cancel or postpone your wedding or event”. https://www.progressive.com/answers/event-insurance-101/#:~:text=Event%20insurance%20helps%20protect%20you,you%20must%20cancel%20or%20postpone.
What types of events can be covered by special event insurance?
For the most part, regular events are eligible to be covered under your policy, but exclusions may vary. For example, specific events like bachelorette and bachelor parties are typically excluded from coverage.
Here are just a few of the events that may be covered under a special event policy:
- Anniversary Party
- Baby Shower
- Birthday Party
- Family Reunion
- Graduation Party
- Retirement Party
- Wedding
