When you are planning a special event like a wedding, it is natural to worry about all the problems that could arise on the big day. Special Event Insurance can help give you the confidence that every eventuality will be covered so you can relax and enjoy the process of planning an unforgettable event.
Special Event Insurance Coverage
There are two main types of coverage available when it comes to Special Event Insurance: cancellation coverage and liability coverage. The type you need will depend on the event in question, the types of activities that are planned, the venue, and the guests who will be attending, among other factors.
Event Cancellation Coverage
You may have put a lot of effort into choosing a day that will work well for all parties involved, but last-minute snafus can still happen for a variety of reasons. Event Cancellation Insurance can offer reimbursement for lost deposits and other fees should an unexpected incident cause you to cancel or postpone the event in question.
For example, if your florist suddenly closes down, you could be covered for the lost deposit. If the groom becomes ill just before the wedding and you have to postpone it, the rescheduling fees may be covered.
Event Liability Coverage
Many venues will require you to have event liability coverage in place in case you are found to be responsible for injuries or property damage sustained during your event. This could cover incidents such as someone in your wedding party accidentally injuring staff at the venue or the caterers damaging the floor with their equipment.
General Liability Coverage
This can cover unexpected situations that might arise during your special event. For example, it may help pay for medical expenses should a guest be injured during your party, such as in a slip and fall on the dance floor. It can also cover any damage caused to the venue’s property, including the building and equipment.
What Events Require Special Event Insurance?
A wedding might be the first special event that comes to mind when you think of this type of insurance, but there is a broad range of special events that can benefit from this coverage. This includes religious celebrations, baby showers, anniversary parties, quinceañeras, bar/bat mitzvahs, reunions, awards presentations, and birthday parties.
What Events Are Not Covered?
This type of policy is not normally offered for sporting events, bachelor or bachelorette parties, public exhibitions, or dance recitals. Other events that may not be eligible include some types of business functions, such as private corporate parties or fundraisers.
When Should I Acquire a Policy?
It is best to buy Event Insurance as early in the planning process as possible, especially before you start making any deposits or big purchases for the event. Sometimes you might encounter restrictions on how close to the event date you can buy coverage.
Speak To Professional Specialty Insurance Brokers
If you are planning a big event, speak to the professional Specialty Insurance brokers at Southern States Insurance to find out how you can protect against any unexpected mishaps or changes in plans. Give us a call at 888.971.6304 or request a quote online today.