When we think about insurance for an event, we usually think of concert promoters, circuses, carnival owners, or NASCAR. But really, almost any business holds an event from time to time which would necessitate event insurance.
We clearly remember a time many years ago when we banded together with several other small and micro businesses in town to organize a “river cleanup.” The river in town was noticeably full of debris including soda cans, tires, and even a set of china dishes! Almost everyone in town was excited about the prospect of getting together for such a thing.
We had the date picked, and the food providers ready to feed the volunteers when we suddenly realized that the prospect of injury in such an endeavor was likely.
It was fortunate that we had that epiphany because, sure enough, we had a man cut
himself on a bottle on the bed of the river within the first hour, and his emergency room visit was covered.
Other things that event insurance may cover include liability for liquor use, weather or other risks such as parking mishaps, and monetary loss incurred due to cancellation of an event where tickets had been sold.
As always, you should contact your licensed insurance professional to help guide you through the purchase.