You may be wondering if you require insurance for event planners in case of a graduation party or wedding. There are many things that could go wrong during your gathering. A guest could get hurt or someone may damage venue property or an unexpected event could force you to cancel the event.
Let’s look back. Let’s take a look at the definition of event insurance. Event insurance provides general liability insurance over the essentials, and most times, an event location may require a million-dollar insurance plan. Certain events could require add coverage to different aspects of the occasion, such as insurance for third-party damages and liquor liability insurance. Event venues may have insurance, however, you may require it to be used as third-party coverage.
If you have any claim, you’ll be required to call your insurance agent as soon as you can. The average cost for event insurance is between $100 and $200 per day. The price may appear to be excessive, but when you look at the price in relation to how much protection it provides It’s an easy decision.