How Do I Get Special Event Insurance for Large and Small Events? 

Throwing parties, hosting galas, organizing fundraisers and otherwise being in charge of special events can be a rewarding and exciting venture. However, these occasions also often involve considerable financial risks. That’s why you need special event insurance.

Occupying or using other parties’ property, such as by renting a venue or equipment and welcoming guests, can create opportunities for costly accidents. Even the most experienced organizers and hosts may be unable to prevent all mishaps.

This makes understanding how to acquire and maintain the proper insurance essential.

What is Special Event Insurance?

When planning and hosting a gathering, special event insurance can establish a versatile and robust financial shield against unexpected incidents and subsequent economic losses. These policies are often customizable and can be tailored to suit both small and large events, as well as those with special circumstances. For example, large corporations or government agencies hosting a convention might require significantly different coverage than a couple purchasing a policy for their wedding. Regardless, in both situations, special event insurance can prove invaluable.

How Do You Know What Coverage is Needed?

Organizers and other stakeholders should diligently assess their situation when assessing special event coverage needs. Specifically, the following may need to be considered:

• Location

• Type of event

• Expected number of attendees

• Duration of event

• Presence of alcoholic beverages

What Does a Policy Cover?

Although policies can be personalized to suit occasions of all types and sizes, special event insurance can often assist with the following costs and losses:

• Cancellation and rescheduling fees

• Event liabilities (e.g., guest injuries and damage to a venue)

• Nonrefundable deposits

• Personal property (e.g., wedding dresses, jewelry and other valuables)

Liquor liability coverage is often available as an endorsement and should be considered an essential addition if alcohol will be served at an event.

Get the Right Coverage

Contact Trilogy Insurance Brokers, Inc. today to learn more about special event insurance or get a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.