Special Event Insurance
Special event insurance coverage can help
protect your property and liability when hosting an
event. Here’s a look at the different aspects of this
insurance and why it’s beneficial.
Though it’s not something you want to happen, the fact is that disasters sometimes affect special events
like weddings, bar mitzvahs, retirement parties, and other big events. Even the most thorough planning
leaves some things out of your control. Because there’s always the risk that something could go wrong –
something that leads to an extra expense – you should consider insuring your event with special event
What is Special Event Insurance?
Special event insurance is a type of liability insurance that covers expenses related to injury or property
damage at an event. Special event insurance is typically used to cover a one-time event rather than an
ongoing series of events.
Special event liability insurance can protect you if you face a lawsuit resulting from the event, if someone
makes a claim against you because they suffered bodily injury, or if some property was damaged during
the event. Some special event insurance policies even provide cancellation coverage that takes effect if
you have to cancel your event because of severe weather or another incident. You may be required to
have special event insurance by your facility or some other party involved with your event.
The insurance protects the person throwing the event as well as other vendors involved in the event. For
example, the caterers, venue, event planner, bartenders, disc jockey, and other vendors will also be
covered. Some insurance policies may let you add an additional insured person. For example, an event
planner may name the person for whom they’re throwing the event as an additional insured person on the
Coverage and Provisions
You can add different types of liability insurance to the
special event insurance policy. Liquor liability insurance
may be included with special event insurance coverage.
This insurance will cover claims where the bartenders
aren’t covered by another type of insurance and if there’s
a claim related to the sale or distribution of alcohol. For
example, if someone becomes intoxicated, has an
accident, and later tries to sue the bartender, the liquor
liability insurance would provide protection.
If there’s damage to the location during your event, or
while the location is under your control, the special event
insurance will keep you from paying for the repairs. If
you’re using vehicles in your event, you can purchase
non-owned auto liability coverage to cover any damage that might happen to the rentals or to people who
may become injured in an accident.
Weather insurance may be necessary to cover the cost of cancelling or rescheduling the event because
of inclement weather. Or, if you face additional costs, like renting a tent, because of the weather, the
insurance may cover that expense. You may even be able to avoid itemizing your expenses and simply
collect the policy limit for this type of coverage.
Do You Need Special Event Insurance?
You may think special event insurance is unnecessary. However, it’s always a good idea to protect
yourself, especially in a society where people are so quick to file a lawsuit. When a person suffers a loss
or injury at your event, you’re immediately the person they think is to blame since it was your event after
all. Even when a person’s injury is their own fault, e.g. someone gets too drunk then falls and hurts
themselves, they blame you or your bartenders because you shouldn’t have allowed them to be drunk. It
sounds preposterous, but it happens. Having insurance would allow you to settle out of court without
bearing the brunt of the full medical costs.
Special event insurance coverage isn’t expensive. Coverage can be relatively inexpensive depending on
the size of your event and your coverage limits. For example, one insurance provider provides up to $1
million of coverage for less than $100. It’s a small cost to pay to make protect yourself against potential
losses. And if something does happen, you’ll be happy you paid the expense.
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