When planning an event, whether it’s your wedding or a backyard BBQ, unexpected situations can arise that you may not be prepared for. One day event insurance can help with that, as it is designed to protect you against lawsuits, bodily injury related claims and property damage to the rented location.
Wedding insurance will cover injuries, venue damages, cancellations, cakes, and dresses. The average cost of a wedding policy is between $150-$250. According to Business Insider, the average cost of a wedding in the U.S. is over $33,000. It’s crucial to insure this huge investment because unfortunate circumstances can ruin one of the most important days of your life.
If you plan on hosting your event off-site, the venue may require you to have proof of insurance. This coverage is important in case you have to cancel because of extreme weather or other circumstances. The liability portion of the policy will also protect you in case you damage the venue or someone is injured.
Many venues have their own liability insurance. Be sure to check with your venue, as well as your vendors, to see what types of situations may or may not be covered by their insurance. This can help you determine whether your own event liability policy may help fill any gaps in coverage.
Children’s Party in a Park
If you’re planning a party for your child at an outdoor location, one-day event insurance will give you peace of mind that you’re financially covered if something goes wrong. The park could put the liability on you and hold you responsible if a child gets hurt. If there is any damage done to the property you could also be held liable. For example, if you are barbequing and something catches fire, causing severe damage, you could be on the hook for the damages and any repairs needed.
The last thing on your mind when hosting a party may be insurance however, it might be the most important. Planning a party is very time consuming and can be expensive so it is critical to protect your investment. Most event policies are very affordable and, in most cases, necessary for making sure your day goes off without a hitch.
We’re happy to help with any questions or requests regarding special event insurance. Contact us for more information.