Planning the annual office Christmas Party, wedding, or golf tournament? When organizing your event you should consider purchasing event insurance. There are many risks associated with special events including injury, reputation or financial risks. Not to mention, it is your responsibility to ensure the safety of your guests.
Make sure you take the time to understand what kinds of risks could be associated with your event. This will give you a chance to develop a process to prevent or mitigate risks before your guests arrive. For example, if an emergency situation occurs is there proper signage to alert guests to the nearest first-aid station or emergency exit? Or when planning an outdoor event is there a plan in place in case it rains?
Get the right event insurance
When hosting an event, most banquet halls and venues will require you to have event insurance in place. Often the venue will dictate the liability amount required, which may differ if your event is at a private venue or if you are dealing with a public event. Contact your BrokerLink broker to help you find the right insurance for your special event. You will need to provide them with the specific details of the event, such as the number of attendees, time and date.
Also, if you will be serving alcohol at your event make sure that you request alcohol liability. The law in both Alberta and Ontario states whoever controls a property as an owner or renter is responsible for the safety of any guests. You could be held legally responsible if people consume alcohol during your event and harm themselves or someone else. Read more about the importance of liquor liability here.
Peace of mind for you and your guests
It’s always a good idea to have event insurance because you never know when something unexpected may occur. Event insurance will provide you with peace of mind and allow you to fully enjoy your special event. After all, half the fun of planning is seeing the event in action. We hope you have a fun and safe time enjoying all of your special events this summer. Be sure to contact your BrokerLink broker to find out how event insurance can protect your special event.
Event Insurance FAQ's
1. How much does it cost for event insurance?
The cost of event insurance varies greatly depending on what the event is, where it is and how big it is. In order to get a quote, call an insurance broker. It just takes a few minutes to get a quote and get your event insured.
2. What is special event liability insurance?
Special event liability insurance is for occasions such as weddings. If someone is injured and the host is found liable, this type of insurance will protect the host.
3. Do musicians need public liability insurance?
Depending on the event, musicians should consider liability insurance. If a fan is injured at a concert it's possible that the musician could be considered liable. Talk to an insurance broker about your risks and what coverage might make sense for you.