Are you planning a wedding, carnival, birthday bash or other large special event? Chances are, you have a list of tasks you must complete before the big day or weekend. But is buying special event insurance on your to-do list?
Special event insurance may seem like one more expense that can be eliminated to stay on budget. However, it’s actually one of the most important purchases in order to protect the rest of the purchases you’ve already made.
Think about what goes into planning a large event. You spend a lot of time and money coordinating food, drinks, other vendors, music, tables and chairs, a venue and possibly even ticket sales. You may have to pay a non-fundable deposit in order to book the venue and vendors. So if something occurs that forces you to postpone or cancel the event, you could face a significant loss.
For instance, if a fire destroys the venue or a family emergency crops up that you must attend to, the event may not be able to go on as scheduled. Fortunately, special event insurance can help cover losses you may incur as a result. Your policy may include coverage for:
- Damage to the venue, whether intentional or accidental
- Liability for guests’ safety
- Liability for guests’ vehicles, particularly if there’s valet parking
The details of a special event insurance policy can be custom tailored to meet the unique needs of your event, both in terms of coverage options and coverage limits. Your insurance agent can help ensure you have the right protection in place to cover the event you’ve worked so hard to plan.
Learn more about policy options today. Call Bene-Marc, Inc. at (800) 247-1734 for more information on special event insurance.