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Now that the world is opening back up, events are happening! If you are planning an event, it is likely the property rental company, municipality, or someone else you are working with to host your event is requiring special event coverage.

What does special event insurance do?

The Basics:

A special event general liability insurance policy provides broad protection for situations in which an event holder or concessionaire must defend itself against lawsuits or pay damages for bodily injury or property damage to third parties. When alcohol is served without a transfer of money, the policy can also include host liquor liability.

Speaking of Liquor Liability:

Liquor liability coverage is necessary if you are charging for alcoholic beverages at an event or if a liquor license is required to distribute them. You may be held liable during the course of an event by reason of:

    • Causing or contributing to the intoxication of a person
    • Furnishing alcoholic beverages to a person under legal drinking age or under the influence of alcohol
    • Violating any statute, ordinance or regulation relating to the sale, gift distribution or use of alcoholic beverages.

Cancellation Insurance:

Everyone needs a rain plan. Cancellation policies help prevent serious financial consequences in case of an event’s cancellation. These policies can be useful even when the event is not entirely canceled. Expenditures due to unforeseen circumstances (such as alternate forms of transportation to the event during inclement weather) are generally covered as well. The policy generally covers all perils that are beyond the control of the event’s host, including inclement weather, a speaker dropping out, strikes or disease outbreak. In some cases, the same policy can cover multiple events.

When and how do I purchase a special event?

Policies are less expensive if they are purchased far in advance, and premiums range depending on the time of year, the type of event and the level of environmental risk in the surrounding geographic area. Strate Insurance Group can help you purchase event insurance. Just click here, fill out a form, and one of our teammates will contact you shortly to gather more information.