Whether you’re planning a wedding, a charity event, or another event, you’re probably going to make sure that everything runs smoothly. You want that day to be a success, without anything or anyone causing any problems.
This is why you should have your special event insured. Getting a special event insurance policy will provide you with peace of mind in case of any unexpected circumstances.
Here’s what special event insurance is, what it covers, and why you should get it if you’re planning a special event.
What Is Special Event Insurance?
Special event insurance is a type of insurance that protects your investment for a particular one-day event. It’s often referred to as one-day event insurance.
It protects you from any potential financial losses in case of an injury at your event, or in case you have to postpone or cancel the event. A special insurance events policy covers all the necessary expenses and can provide much-needed peace of mind.
Why Would You Need a Special Event Insurance Policy?
Organizing a big event, such as a wedding, requires a lot of thorough planning and effort, and it’s quite the expense.
Even if you carefully plan every little detail to make sure everything is perfect for that big day, unexpected situations may still arise and wreak havoc on your event. You can’t predict the future. You can’t know what might happen and potentially cause serious problems.
But what if someone gets injured at the event? What if there’s damage to the venue property? What if it turns out that you have to postpone or cancel your event? You might suffer a tremendous financial loss.
This is why getting special event insurance is the smartest step that you can take when planning a big special event. Many venues already require you to get general liability insurance so that they can protect themselves in case their property is damaged, or a person gets injured at the event.
Special Event Insurance Coverage
When getting a special event insurance policy, there are generally two options for what you may want to cover. They are as follows:
Special Event Cancellation Coverage
Canceling your event would result in a lot of lost money and postponing it would mean that you need to reschedule the venue, the photographer, caterers, and much more.
Special event cancellation coverage protects you from financial losses in case you need to postpone or cancel your event. This coverage may help you reimburse some or all your expenses and deposits, depending on your premium and the policy you get.
Special Event Liability Insurance
Special event liability insurance helps you cover any expenses that may arise due to property damage or injury during your event.
For instance, if a guest gets hurt or causes an accident, this insurance would help you cover any medical expenses. Similarly, if a guest accidentally damages the venue property, your special event liability insurance would help you pay for any necessary repairs.
Special event insurance often covers:
- Birthday parties
- Baby showers
- Graduation parties
- Job fairs
- Trade shows
- And more
Melton McFadden Insurance Special Event Liability Insurance
Melton McFadden can provide you with the best and most affordable special event insurance to help you plan your upcoming special event completely stress-free.
We understand that you cannot know when something unexpected might force you to reschedule or cancel your event, so we want to help you bring your expenses during such times to a minimum.
We also understand that accidents happen, so we want to help you manage them with the smallest or no financial losses at all. If an accident causes an injury or venue property damage, we can help you make sure your wallet doesn’t suffer the consequences.
Melton McFadden is your trusted partner for all your special event insurance needs. If you want to learn more about our special event insurance or you’re interested in getting a policy with us, don’t hesitate to contact us. Tell us about your event and all your requirements regarding insurance, and we will help you find the right plan for your unique needs.
Request a special event insurance quote today and get the peace of mind you deserve.