College campuses hold many special events, from career fairs to art shows to sports games. Planning these events—especially larger events—takes a lot of coordination, and often an initial investment. Before you can sell tickets, you must take steps to secure the location, book vendors or sponsors, purchase advertising, provide food and more.
If damage occurs during the course of the event or if something prevents the event from occurring in the first place, it could result in a substantial financial loss. That’s why special event insurance is such an important consideration. If the unexpected comes to pass, this policy can help cover the money the organizers may have lost in the process.
While the details of special event insurance vary depending on your needs, some basic coverage options generally include:
· Cancellation or postponement: Helps cover unexpected costs associated with the cancellation or postponement of a special event, such as cancellation fees or vendor deposits.
· Damage to premises: If a guest causes damage during the course of the event—whether intentional or accidental—this coverage can help cover the repairs you may be responsible for.
· Event liability: Helps cover your responsibility to provide a safe event for guests. If a guest is injured or suffers property damage while in attendance, this coverage can fund the medical bills and/or damages.
Each special event held on a college campus is different, and therefore requires different coverage limits and options. Contact an agent today for personalized assistance in getting the right amount of coverage for your event.
Get the coverage you need. Call Bene-Marc, Inc. at (800) 247-1734 for more information on special event insurance for colleges.