Event planners insurance is a must when you consider how many people can potentially attend one single event. That’s especially true when you have something as risky as a music concert where fans of a particular band can become rowdy. Regardless, even something as seemingly benign as a business conference can end up having an accident occur that injures dozens if not even hundreds of people.
Imagine the nightmare of having that many people injured and knowing you didn’t bother to obtain event planners insurance. Here’s the type of coverage you can expect through most insurance plans, plus some of the extras when things go from bad to worse.
While liability can be very general when it comes to insuring an event, it’s going to be essential to protect yourself when injuries occur. At events, anything from stage collapses to natural disasters can happen, leading to mass injury or even death. Most general liability plans cover up to $3 million per occurrence, and some have gone as far as $5 million.
Medical payment coverages usually cover up to $5000 on many common plans. But keep in mind that you should always have a first-aid booth available at your event to help take care of minor injuries that might occur. The Event Concierge also recommends you obtain some sideline malpractice insurance for the medical personnel working with the injured.
How Your Property is Protected
Event planners insurance also has property insurance to help you with your own losses when destruction occurs. However, that destruction doesn’t necessarily have to be from people attending and can merely be circumstance. Most plans provide replacement costs when any of your property items become destroyed. This could be the venue itself or any equipment you have inside.
The above extends to things like your computer equipment and even loss of business income if event attendees stole money from your offices. Property insurance also covers things like destruction to signage or valuable documents that were important to the well-being of your business.
Protecting Against Crime to Event Attendees
Things can happen to event attendees that you definitely want to have covered. When you have many people at an event, the possibilities of theft are always there, and most insurance plans protect you thoroughly. You’ll be covered for any crime that occurs inside the event or outside the premises. Indoor coverage handles things like theft of money or securities.
While this may sound like umbrellas being passed out to event attendees during a lightning storm, it’s actually an extension of your general liability. For event planners insurance, it’s well worth having, and most plans offer it as an option. Particularly for larger gatherings during events, having mass injuries could possibly go beyond the primary limit of $3 million.
With reports in the media that far too many people don’t obtain event planners liability insurance for concerts, weddings, and other events, it’s a necessary reminder to pay the expense for your own safety. When hundreds of different people are gathered together, you shouldn’t automatically assume perfect order, no matter the group’s ages or safety inspections already done.