When an event doesn't go as planned, your business needs to be prepared. Event planner insurance protects against mistakes like forgetting to book a venue in time, as well as property damage and client injuries.
A BOP bundles commercial property insurance and general liability insurance under one plan. It's often the most cost-effective type of commercial insurance for event planners.
This policy protects against basic third-party risks, such as a client tripping in your office and suffering an injury. It also covers copyright and defamation lawsuits.
Also called errors and omissions insurance (E&O), this policy covers mistakes and oversights, such as booking an unsatisfactory venue. It can often be combined with a BOP.
Most states require workers' comp for event planning businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Commercial auto insurance covers financial losses when an event planner's vehicle is involved in an accident. It's required for vehicles registered to a business.
Cyber liability insurance helps wedding and event planners recover from cyberattacks and data breaches that expose sensitive client information, such as credit card numbers.
Your clients have high expectations – especially for weddings and other once-in-a-lifetime events. Even the most dedicated planner or wedding consultant can miss out on a popular booking, or otherwise fail to satisfy a client. Event planning insurance protects against legal costs related to oversights, injuries, and other risks that could harm your business. You might also need it to comply with state laws and venue requirements.