Preparing for a one-day event such as a wedding, celebration or convention takes considerable effort. While the process can be exciting, it can also be stressful. Securing special event insurance can help ease your mind and provide valuable financial protections if everything does not go according to plan.
The agents at Bene-Marc Inc. can discuss available coverages. We specialize in sports and special event insurance and are ready to work with you to find a policy that meets your needs. Contact us today to get started.
Can I Get Special Event Insurance for One Day?
Special event insurance may be available for festivities of various lengths, including one-day events. Policies may stipulate how far in advance you need to secure them. Additionally, some venues may require proof of liability insurance before hosting your event.
Being proactive and securing special event insurance may provide financial safeguards as you plan your event. Your Bene-Marc agent can provide additional details on available options and how they may be beneficial.
What Does Special Event Insurance Cover?
Special event insurance may help offset financial losses if an event does not go as intended. It may also provide coverage if someone is injured or if there is property damage in connection with your event. Policies are typically available for various special occasions and may provide:
Event liability coverage. This may provide coverage if you are held responsible for someone’s injury or property damage that occurred in conjunction with the event. It may help pay for the resulting medical expenses and legal fees. This coverage may be required by the venue prior to the event.
Event cancellation coverage. This may provide financial protection if your special event has to be cancelled or postponed due to covered circumstances beyond your control, such as severe weather, illness or vendor bankruptcy. It may help you recoup lost deposits or other nonrefundable expenses. Coverage may extend to cover other items, such as damaged photos, special attire (e.g., wedding dress) or special gifts. You may have to secure this coverage a certain amount of time before the event (e.g., at least 15 days prior to event), and event cancellation insurance premiums may be due upfront.
These examples are not all-inclusive, and the professional at Bene-Marc can review details, limits and exclusions with you.
How Do I Reduce Risks at Special Events?
Although it might not be the most pleasant part of organizing a special event, it may be beneficial to consider risk management techniques during the planning stages. There are numerous steps you can take to help mitigate risks, including:
Following the venue’s safety rules regarding capacity limits
Notifying the venue manager if any hazards are discovered (e.g., exposed wires)
The above list is not all-inclusive, and you may utilize several other risk management techniques while hosting a special event. These strategies, along with considering the need for special event insurance, may help ensure you have a successful event.
How Much Does Special Event Insurance for One Day Cost?
The cost of special event insurance for single-day events depends on various factors, such as the number of attendees, the location of the event and your selected coverages.
The professionals at Bene-Marc are ready to work with you to find a plan that meets your needs while being conscientious of your budget. We strive to provide our clients with excellent customer service and competitively priced products. Contact us today for more information or a quote.