It can be exciting and rewarding to host a special event, but organizing them requires a significant investment of both time and money. Amid both the lead-up to an event and throughout its duration, many things can go wrong. Fortunately, hosts and organizers can protect themselves from losses and damages by acquiring an adequate insurance portfolio. 

The agents at Trimble Insurance make it their duty to help individuals, families and businesses in the Delaware area understand their insurance needs and acquire optimal coverage. 

What Is Special Event Insurance? 

When preparing and hosting a special event, there are many risks and exposures to consider. An adequate special event insurance policy can be an invaluable investment due to the broad safety net that it casts across many common issues. In general, most coverage will be able to provide financial assistance for the following losses: 

• Liability—If a guest is injured at your event or if another party, such as the venue, suffers property damage, this coverage can help protect you financially.

• Cancellation—If you are forced to cancel or postpone your event, this coverage can help reimburse you for deposits and rescheduling fees.

• Personal property damage—This coverage can help protect you financially from losses and damages accrued by certain valuable items, such as gifts, garments, jewelry and photos.

Special event insurance can be purchased to cover many types of events, such as: 

• Weddings

• Banquets

• Festivals

• Award presentations

• Conventions

• Parties

• Reunions

• Job fairs

  

As a host or organizer, it may be advisable to begin exploring your special event insurance options as soon as you begin putting down deposits and therefore committing significant financial resources. 

How Much Does Special Event Insurance Cost? 

Insurance providers must analyze several aspects of your event before being able to quote you a price for coverage. In general, most premiums will be determined by the following factors: 

• Venue details (e.g., location, size)

• Type of event

• Number of attendees

• Alcohol presence

• Policy details (e.g., coverage limits)

Get the Right Coverage 

There are many moving parts that must work together in order for a special event to go as planned. Even a single omission or error could create a domino effect that may derail several other aspects of your function. 

Contact Trimble Insurance today to assess your event’s insurance needs. Our agents will work with you to develop and deliver ideal coverage.