In a perfect world, no wedding or special event would be affected by extreme weather, no show vendors, or accidents. But sometimes there are circumstances out of your control. Sometimes you must cancel an event that you have planned for months. And sometimes, an accident occurs and you become responsible for repair costs.
In a society where litigation runs rampant, it’s always best to protect yourself, your reputation and your guests’ welfare. Event insurance is an excellent way to do that. It provides a layer of protection for everyone’s investment.
ENPICA offers you an easy, affordable way to purchase event insurance.
There are two major categories of event insurance that you should consider.
- Event cancellation coverage may reimburse you for lost deposits and other fees should something unexpected force you to delay or cancel your function. If your photographer closes shop suddenly, you will likely be covered for the cost of the lost deposit and potentially unexpected charges from having to book another photographer at the last minute. If your officiant breaks his leg the day before the wedding and you are forced to postpone, this coverage may help cover any fees associated with rescheduling the venue, caterer and other vendors.
- Event liability coverage may help protect you if you are found responsible for property damage or an injury caused during your event. If the band you hired damages a wall with its gear, for example, this coverage may help pay for repairs. Some policies also cover incidents caused by guests. For example, if someone gets a little wild on the dance floor and trips a waiter as he walks by, event liability coverage may help pay for medical expenses resulting from an injury.
There are additional coverages that you may consider as well. One of the more frequently purchased ones covers Social Host exposure.
- Liquor liability coverage provides an extra layer of protection for events where alcohol is served. Under Arizona law, a social host is not liable for injuries suffered as a result of someone who attended a party and injured someone while intoxicated. However, there are two exceptions to this general rule. First, if the social host is licensed to sell or provide alcoholic beverages that person can be held responsible. And second, if the intoxicated person is under the legal drinking age, then the social host can be held responsible.
Most of us do not realize that our regular insurance will not cover these special events and claims can be expensive. For example,
- During a fundraising event. the claimant tripped over an electrical cord that was taped to the floor and sustained a knee injury. This was a $2,500 claim.
- A $25,000 claim alleged Liquor Liability after an intoxicated person left the insured’s fundraising event and injured a third party in an auto accident.
- At a winter antique show, the claimant allegedly cut her lip when a glass she was drinking from broke. This was a $10,000 claim.
ENPICA would like to help you protect your investment. Click on the appropriate link below and complete the application. We will contact you.