subject: A Few Special Insurance Services To Consider For Your Big Event [print this page] Acquiring special insurance services is important. This will cover the company should something unexpected occur during one of your special events. Some of the special events to consider purchasing insurance for include:
Dinner Events Special Conferences
Open House Days Demonstrations
Corporate Events
Today, companies hold events for their clients and employees off-site. Many times special event insurance is required, especially when alcoholic beverages are present. Sometimes, clients wish to announce new products or services in off-site venues, for example in a restaurant or bar. This could also require a special insurance plan to be purchased so the bar or restaurant is also covered as an additional rider.
This type of insurance can be tailored specifically to your event. By having a custom plan designed for your event, burdens such as litigation or expensive medical bills are covered by these plans. Special events should be enjoyed, by obtaining the right insurance coverage package, you can be sure you are fully protected.
A standard insurance company cannot give you a quote for this kind of coverage or design you a custom package matching the needs for your special event. It is important to note that custom policies can be created for any event.
When planning other outings or events, it is also a smart decision to consider special event insurance. If an injury occurs, employees, team members and other attendees will be protected. Having insurance is also a smart plan if the planned event has to be cancelled for some reason.
Basic Features of Special Event Policies-
Coverage typically includes insurance against unforeseen events related to:
Alcohol consumption
Event cancellations or delays
Injuries sustained by employees or guests
Equipment that is rented or leased
Onsite vendors
Weather related problems leading to delays or cancellation
Special Event Insurance for Wedding Planners-
Although the majority of weddings go smoothly, when they do not, costs can add up very quickly.
Examples of Unforeseen Problems Covered by Special Event Insurance-
Wedding postponed due to extreme weather causing road closures. All services and professionals will have to be cancelled. These services and professionals include the band, florist, baker, caterer and photographer.
Venue falls through the wedding must be rescheduled.
If the caterer goes out of business and is unable to refund the deposit, a portion of this loss can be covered by having wedding insurance.
Property damage might be an issue at a wedding. The couple could be held responsible for damages that occur during the reception.
These are just a few of the reasons that special insurance services have to be a consideration when you're planning a wedding or a corporate event.
by: Bart Maldonado
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