What Is Special Event Insurance?
Planning a special event like a wedding, festival, or convention? You want to be able to enjoy the event without having to worry about what might go wrong. Special event insurance offers you peace of mind by protecting you in the event of any legal action taken against you as a result of the event.
How Does Special Event Insurance Work?
When you hold an event, whether it’s a small gathering or a major festival, you’re responsible for the safety and well-being of the people in attendance. Special event insurance exists to protect you from any financial damages in case a guest or other actor declares legal action against you.
Do I Need Special Event Insurance?
Many people assume that if they’re renting a venue to hold a special event, the venue is legally responsible for any personal injury or property damage incurred during the event. However, as the occupier of the venue, it’s your duty to protect anyone attending the event from all foreseeable harm. That means, in order to ensure that you’re fully protected against any legal claim, the best plan is to find an appropriate special event insurance policy.
At First Foundation, we offer special event insurance policies tailored to individuals or organizations holding a variety of events including:
- Anniversary parties
- Bar/Bat Mitzvahs
- Music festivals
- Trade shows
- Street festivals
- Sports tournaments
- Theatrical performances
- Craft fairs
- Film shoots
- and more…
Benefits of Special Event Insurance
In addition to providing protection against personal injury and property damage lawsuits, you can extend your special event insurance policy to cover other types of damages such as:
- Damage to non-owned automobiles
- Medical expenses
- Lost deposits
- Expenses arising from the cancellation or postponement of the event
- Damage or loss of special clothing or jewelry
- Damage or loss of gifts
- Damage or loss of event photography or videography
Tips from First Foundation
If you’re planning an event right now, take some time to think about the potential risks associated with holding that event. Are there risks that you could be held personally liable for? Are there any special items you’ll be using at the event that you’ll want extra protection for? Is there anything else that could occur that could cause you financial or personal loss? Talk to your insurance broker about your specific needs and they can help to identify the right insurance policy for your event.
Want to know more about how special event insurance works and what it can do for you? Talk to us today or fill out the form below for your free special event insurance quote.