Special Events Insurance

Protect your assets with a special event insurance policy
By Heather Topham Wood, Freelance Writer When you hold a special event, you should look into the option of taking out a special events insurance policy. With event insurance coverage, you guarantee protection of your assets in case of an accident or injury that occurs during the event.
 

Different types of industries can benefit from event liability insurance. Event insurance companies count concert venues, festival planners, commercial producers, television production companies, broadcasting and advertising professionals as their clients.

1. Determine the type of special events insurance policies you should take out to protect your business. Coverage types include liquor liability, personal injury, aggregate and terrorism protection.

2. Find companies that offer event insurance. Since special events liability insurance can be considered a special risk, not all liability insurance companies will extend this type of coverage.

3. Get event insurance quotes. Compare quotes between business event insurance companies and choose the lowest price with the most coverage.

Determine eligibility for event liability insurance

Not all events and organizations will prove eligible to take out a special event insurance policy. As an example, political rallies, gun shows and water events may not have the ability to take out an event insurance policy.
Try: On the Saddler Sport & Recreation Insurance site, you’ll find a list of eligible and ineligible events for insurance coverage. The site also has recommendations for specialty types of insurance policies that you may want to consider in lieu of event liability insurance. You’ll find another list of eligible events through RV Nuccio & Associates.

Find out the coverage included within event insurance

Each special event insurance company will provide the insured with a list of limits and special conditions regarding your policy. You'll want to pick the insurance company that has the highest cap, but not the highest price.
Try: EventInsure will provide you with adequate coverage for your special event without the need to take out a secondary policy. Go over their limits and special conditions in order to determine if the amount of coverage will prove significant for your event. Read the event liability insurance coverage posted on FilmIns.com to compare inclusions.

Request events insurance quotes

After making a cost versus risk assessment, you can move forward with securing event liability insurance. You can fill out request forms online and have multiple companies return cost estimates to you.
Try: Through Allen Financial Insurance Group, you can give some basic information about your event and business through their online request form. A broker will then provide you with an estimate of the event insurance cost. To fill out an online application for public event insurance, go to the National Alliance of Special Event Planners or NASEP website.

• If your event insurance policy does not cover liquor liability and you plan to serve alcohol at the event, then you may have to take out a separate liquor liability policy in order to ensure protection.