Obtaining Insurance for a Special Event
Make Sure you are Adequately Covered
If you are making plans to hold a special event, then you will also want to make plans to protect yourself from claims for liability. While we don’t like to think that an injury or property damage may happen during any social function or celebration, it’s still a real possibility. Therefore, make sure that you are adequately covered to handle any ensuing legal or medical costs from such an incident.
Events Covered by Special Event Insurance
It’s best to purchase a special event insurance policy from a special event insurer as they are in the business of providing this type of coverage and therefore know which plan will best suit your event planning needs. You can buy special event insurance for such social gatherings as –
• Anniversary
• Baptism
• Bar Mitzvah
• Baby Shower
• Wedding Shower
• Birthday Party
• Family Reunion
• Engagement Party
• Wedding
• Wedding Rehearsal
• Wedding Reception
Policies Typically Cover Events Lasting as Long as Ten Days
Usually you can purchase a special event insurance policy to cover an event lasting around ten days although policies can be written for seminars and celebrations that last longer than this span of time.
Other Events Covered by Special Events Insurance
Besides private special event gatherings, special event coverage can extend to public gatherings, such as the following:
• Fundraising Dinners
• Fairs or Carnivals
Policies Cover Liability and Event Cancellation
Special event insurance will cover you financially for third-party bodily injury and property damage claims and in situations where you must cancel the covered event.
Special Event Liablity Insurance – Added Protection for Business Gatherings
Special event liability coverage is also necessary if you are featuring an event in conjunction with your company or business. For example, if your company is holding, say, a seminar or special dinner and someone is injured and files a claim, your business liability insurance may not cover such an accident. Because the incident happened off your business premises, you would also need a special event policy to handle any ensuing costs.
Obtain Several Quotes before you Purchase a Policy
Special event insurance is easy to obtain on the Internet. Obtain several quotes before you make a decision as plans can vary depending on the event and the required coverage.
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