If a business organizes a party, fundraiser, or other event, special event insurance can provide liability coverage for the specified dates.
When do small businesses need special event insurance?
If your business holds an event that differs from its day-to-day operations, it could benefit from special event insurance. Certain venues may even require it. This policy can help small businesses pay for unanticipated costs related to the event, such as an injury or venue cancellation fees.
Small businesses can add special event insurance to a general liability policy. It could be one-day insurance for an event shorter than 24 hours, or insurance for an event that lasts several days. Read more about special event coverage.
This policy provides coverage for:
Sales and marketing events
Holiday parties
Networking events
Employee retreats
Dedication ceremonies
Fundraisers
How special event insurance protects nonprofits
Nonprofits depend on fundraisers such as walkathons, bake sales, dinners, and galas. However, these events can be a huge liability. A polar plunge participant could develop hypothermia and file a lawsuit, or a nonprofit might have to pay cancellation fees when bad weather forces a change of plans.
Special event insurance protects your nonprofit by making sure you don’t lose money after a mishap or canceled event.
Add special event coverage to your general liability policy
If you’re a small business or organization that needs special event coverage, you may be able to add it to your general liability policy. To compare general liability insurance quotes from top-rated providers, fill out Insureon’s free online application.
How much does special event insurance cost?
Special event insurance is a short-term, nonrecurring policy that you pay upfront. It can be very affordable for a small business. Several factors affect policy costs, including:
Does special event insurance cover losses related to COVID-19?
Special event insurance usually excludes communicable disease coverage. However, some policies have loss of deposit and event postponement coverage that could be triggered regardless of the reason for cancellation or postponement.
"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."
Esther L.
Management consultant
"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."
Michael D.
Programmer
"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."
Richard C.
Software / internet design
"Great streamlined process. Quick, easy, and support is very helpful."
Ryan F.
System integration
"Denise Smith is a breath of fresh air. I loved every second dealing with her. And, yes, I'm talking about buying insurance. Most people don't love that, but Denise made the experience exceptional. She is a rock star!"
Kristine W.
Food products manufacturing
"We needed quotes fast and coverage even faster. We received both. We appreciate your service. THANK YOU."
Rich H.
Engineer
"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."
Esther L.
Management consultant
"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."
Michael D.
Programmer
"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."
Richard C.
Software / internet design
"Great streamlined process. Quick, easy, and support is very helpful."
Ryan F.
System integration
"Denise Smith is a breath of fresh air. I loved every second dealing with her. And, yes, I'm talking about buying insurance. Most people don't love that, but Denise made the experience exceptional. She is a rock star!"
Kristine W.
Food products manufacturing
"We needed quotes fast and coverage even faster. We received both. We appreciate your service. THANK YOU."
Rich H.
Engineer
"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."
Esther L.
Management consultant
"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."
Michael D.
Programmer
"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."
Richard C.
Software / internet design
"Great streamlined process. Quick, easy, and support is very helpful."
Ryan F.
System integration
Updated: June 29, 2022
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