While it may not be the most common type of coverage, corporate event insurance can be an important safety net for your company’s budget. Parties, lunch meetings, and other big events can get costly, especially if you’re stretching your expense account to boost employee morale or impress an important client. Event insurance is intended to prevent you from being caught out financially if a function gets canceled or simply doesn’t go the way you intended. With there being so much to keep track of when planning company events from selecting venues to coordinating with vendors, you don’t also want to have to stress about whether your coverage will actually protect you if something goes wrong. That’s why it’s important to work with an experienced insurance provider that can make it easy for you to get the right event insurance policy.
Because it’s such a specific type of policy covering a very brief period of time, event insurance plans vary greatly depending on a number of factors. Discussing your options with the right provider will help you get a sense of what types of coverage you may need and what the limits should be set to for a particular event. But in general, special event insurance may cover any or all of the following: <ul> <li>Property damage to the event venue</li> <li>Event cancellation due to unforeseeable circumstances</li> <li>Deposits forfeited due to issues with vendors</li> <li>Bodily injury</li> <li>Liquor liability</li> <li>Lost or stolen items</li> </ul> Event insurance may have overlap with policies you already hold or policies that your venues or vendors may already hold. Fill out the quote request form to get a free consultation today, and we’ll connect you with an event insurance carrier that can help you sort through the details and write up a plan that fits your needs and budget.
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.