Insuring Your Special Event
There are many moving pieces involved in planning a special event, such as a carnival, wedding or family reunion. Coordinating these events is no easy feat. It takes a lot of organization and a lot of patience to ensure the venue, vendors, food, tables and more are ready to go on time for the event. But even with the most careful planning, accidents or disasters can still occur.
No one wants to think about what could go wrong, but the truth is that there are plenty of possible things that could hinder your plans. A fire, massive storm or even a family emergency can stand between you and pulling off a successful event—sometimes when you least expect it. And if, for whatever reason, you must cancel or postpone the event, you may be facing a large financial loss.
Special events often have tight budgets, which may already be pushed to the limits during the planning phases. In addition, many venue and vendor deposits are non-refundable. So if the event is postponed, losing those deposits may be detrimental to re-planning at a later date.
To prevent similar financial losses, consider purchasing special event insurance for extra protection. This insurance helps cover losses such as cancellation/postponement, venue damage, liability risks, guests’ vehicles and much more. Your independent insurance agent can assess your needs, which helps you determine the right coverage options and limits to protect all the hard work you’ve put in.
Even if you’re working with a tight budget, purchasing special event insurance should be on your to-do list. An event is an investment—just like a house or car—and you wouldn’t skip coverage for those assets, would you?