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Event Insurance

What Is It?

Event insurance is a type of coverage that protects your business against certain financial risks associated with hosting an event. While the specifics vary by company, most policies will cover cancellation and postponement expenses in the case of unforeseen events such as weather or natural disasters, provide additional security at your venue when you need it, offer refunds for people who can’t attend due to emergency situations, and more.


Who Needs It?

People that need event insurance are typically event organizers. They could be the organizing committee of a large conference or just someone arranging a friend’s birthday party with some vendors involved. This specialized type of insurance will protect them against liability that might arise from an unforeseen incident and provide peace of mind for those planning their events.

How Does It Work?

The way that the insurance works are that an organizer will purchase a policy that covers their event. The insurance company would have the responsibility to provide insurance coverage in case of any damages or injuries at your venue when you need it, offer refunds for people who can’t attend due to emergency situations, and more.

Different Types of Coverages

There are many different types of coverages involved with this insurance which include general liability (which protects against claims related to bodily injury and property damage caused by something happening on location), public officials’ legal defense (covers costs if someone like a police officer is injured because they were working during your event) cancellation/interruption protection, personal accident, and travel interruption benefits, among other things. Event insurance will typically cover all these areas, but it depends on what policy you select.

Major Benefits

This insurance provides many different types of benefits which include reimbursement for refunds due to emergencies (such as natural disasters), legal defense costs incurred while working at events, public officials’ lawsuit risks where police officers are involved with an incident during an event.

Major benefits of having the insurance include the peace of mind that comes from knowing you are covered under a variety of different circumstances and the reassurance that your event will go on, even if there is an emergency or incident.