In a world where any can be sued for just about everything, it’s always a good idea for Event Planners, especially for solo-entrepreneurs and small businesses, to protect themselves from unplanned incidents that can happen during an event.
So how much coverage do you need for an event? Do you need liquor liability in case an attendee becomes intoxicated and injures himself? What about cancellation insurance just in case the day of your event, the venue is unusable or the groom calls off the wedding. Who will pay your vendors?
What is the right amount of coverage? First contact your insurance agent who can customize a plan to suit your business needs. General liability insurance covers many of the common scenarios and you can add on from there based upon your event. If you plan more than 5 or 6 events each year, your insurance can advise you on how to save money with an annual policy.
Obtaining event insurance is always a good idea and can make the difference between a minor inconvenience and a major personal expense!