What is event insurance? The insurance associated with events covers and protects planners in several specific areas. Event insurance is an insurance policy that can help protect your investment in a specific event, such as a wedding. Event insurance can help cover your costs if you unexpectedly need to cancel your event or if you are held responsible for property damage or an injury caused during your event. If your photographer suddenly closes the store, it is likely to be covered by the cost of the lost deposit and potentially unexpected charges for having to book another photographer at the last minute. If your officer breaks your leg the day before your wedding and is forced to postpone it, this coverage can help cover any fees associated with rescheduling the place, the provider and other providers.
Be certain to make sure that your policy to find out what kinds of circumstances may or may not be covered. Event accountability coverage can assist you to guard yourself if you are held accountable for property damage or damage caused at the time your event, and many places require you to have it. If the band you hired damages a wall with your equipment, for example, this coverage can help pay for repairs. Then, if someone gets a little wild on the dance floor and receives a waiter while walking, liability coverage for events can help pay for medical expenses that result from an injury. Again, be sure to read your policy to find out what kind of situations it covers and does not cover.
Event liability coverage may help protect you if you're found responsible for property damage or an injury caused during your event, and many venues require you to have it.
Event cancellation coverage should reimburse you for lost deposits and other fees should something unexpected force you to delay or cancel your function.
Certain business functions, such as fundraisers or private corporate parties, may be eligible. Your agent can tell you what specific events may qualify for coverage.