Do Event Planners Need Insurance? Of Course!
The Event Concierge clients hire us to oversee their events and make sure everything from weddings to corporate events go off without a hitch. But, there are things that are out of the control of even the best event planners, which is why understanding insurance coverage for events is so important.
There is a variety of insurance types that benefit event planners and, in turn, the host of the event. When you are hiring an event planner, it’s important to be familiar with insurance options available to event planners and ask what type of coverage they carry. First, the basics: Every event planner should carry general liability insurance, which protects against property damage and bodily injury claims. Coverage of $1-3 million is preferable, and an additional umbrella policy will cover any gaps in the general liability coverage. The umbrella policy will also cover claims over the dollar amount of the general policy and claims that aren’t otherwise covered by the event planner’s other policies.
Although no one likes to think about it, accidents can happen anywhere, at any time, despite the best planning. Because fire damage to an event facility may be the responsibility of the event sponsor, the event planner should request that the sponsoring organization be added to the building’s fire or all risk insurance policies. If that isn’t a viable option, there are contractual arrangements that can be made to hold the event sponsor harmless for damages or injury not caused by negligence. In the case of physical injuries that occur at the event site, medical payment insurance can provide reimbursement of medical expenses. Having a first-aid station is a must at certain types of events, and incidental medical malpractice insurance will protect medical professionals working at the event.
No matter what your event includes, we make sure our clients are protected against the unexpected.