As a home-schooler one of the many hats that I wear is educator. I’d like to think that you have learned something from one of my posts. If not, then keep on reading because I’m at it again. Whenever I talk to clients very few of them know about event insurance, which means that they have no clue that there are risks involved with hosting an event. Read below to make sure your ducks are in a row.
Insurance for Home Parties
If a guest falls down on your sidewalk, this could turn into a very costly incident. The first step is to verify whether or not your homeowner’s insurance (or renter’s insurance) has enough coverage for party-related mishaps. Please make sure there are no exclusions for incidents related to serving alcohol. After assessing your risks, you may want to purchase an umbrella liability policy.
Insurance for Work Parties
When a party is hosted on company property, all rules in the employee guide book must be followed. If you have been tasked with the task of planning a party for your company, you may want to have the company purchase special event coverage or a separate liquor liability policy.
Insurance for Weddings
According to Sound Vision, 2.3 million couples get married in the US every year, and the average wedding budget is $20, 000. What happens to a couples money if their venue floods a week before the wedding? Nothing if they have event cancellation insurance. This will help you recoup some of your money if something happens to the venue or even if a vendor does not show up.
If you are going to invest your time and money in planning an event, then it’s a good idea to do everything you can to make sure that event is successful. I believe this means making sure you have proper event insurance coverage. Do you have questions about event insurance? Ask them below, and I’ll do my best to point you in the right direction.