Also known as one-day event insurance, many businesses sponsor events like receptions, conferences, and exhibitions. To protect claims against the event sponsor, businesses and individuals can purchase special event insurance. This insurance typically covers claims by third parties for property damage or bodily injury during an event sponsored by the business.
Why should I buy special event insurance?
Accidents happen all of the time. A guest could slip and fall and sustain an injury, or a stage could collapse and injure performers. A guest might become intoxicated and cause a car accident while driving home. Any of these incidents could result in a claim against your company. That’s why special event insurance is a necessity if your company plans to sponsor an event. Additionally, most venues will not rent their facility unless you provide proof of liability insurance.