Got a Big Event? There’s Insurance for That

Consider the scenario: you’ve meticulously planned every element of your wedding. After all, it’s your big day – a day you’ve dreamed about since you were a child – and of course, you want everything to be as close to perfect as possible.

You’ve put deposits down on the venue, caterer, florist and photographer. And as the big day approaches, you’ve heard from all but one of your vendors. You try to get in touch with that one who is missing in action, but to no avail. They have abruptly closed their business, taken all of their deposits, and skipped town.

As a result, you are down a vendor and out some money – not a good predicament for anyone, let alone someone planning a wedding.

In this case, event insurance would have protected you from that lost deposit. It also protects you from cancellation costs as well as from accidents and unexpected damages during the event.

What does special event insurance cover?

Event cancellation – Weddings and other special events can be a significant financial investment, and sometimes things happen that are beyond our control. A vendor skipping town is just one instance, but if you need to suddenly change the date of the event due to a special occurrence such as an injury or death, event insurance may help cover the fees associated with rescheduling the vendor, caterer and other vendors.

Event liability – Let’s say you hire a band for your event, and a band member accidentally dings the venue’s wall with his equipment. This coverage can help pay for repairs. Although you are not the one who caused the damage, you may be responsible so event insurance can help protect you from damage or if someone is injured during your event.

You can purchase event insurance up to a month before your event although it won’t cover losses already occurred. That’s why it is a good idea to purchase event insurance as soon as you start making deposits to vendors for your event.

For more information and to answer any questions you have about an upcoming special event in your life, contact us today. We are here and we’d love to help!