Accidents happen, and so do unforeseen events. Hurricane on your outdoor wedding day? Caterer went out of business? No-show photographers?
Just when you closed your eyes and saw all those money signs dancing around a drain, the light bulb in the back of your mind brightens and you thank your lucky stars that you paid that relatively small premium to secure event insurance.
Event insurance can help protect the number of significant investments you've made in preparation for your big event. Consider securing a special event policy for a personal event like a wedding in which you've contracted a number of vendors such as caterers, entertainment, photographers, etc. Or, think about pursuing event insurance for a corporate event that involves rented facilities and alcohol liability.
The basic premise of event insurance reimburses your financial loss when you experience non-recoverable deposits due to a circumstance that was beyond your control. Consult with your insurance agent for a comprehensive list of situations that are protected by this coverage.
Event insurance coverage can apply to a number of private events:
The cost of event insurance fluctuates with the details of your event. The premium is based on—among a number of other parameters—the duration of the event (i.e., one day vs. a weekend-long event), the number of attendees anticipated, and the presence of alcohol. All-in-all, it seems like a small price to pay considering the amount of money you may stand to lose should your event go awry.
Find out if event insurance should be part of your event planning checklist. An insurance agent can help you determine the level of coverage most appropriate for you.
Call 866-913-5180 to speak to one of our agents today.