Event insurance covers one-off occasions such as weddings, parties, conferences and community events. Many venues require proof of liability cover before they will confirm a booking.
The main kinds
- Event liability. Covers claims if a guest is injured or someone's property is damaged because of the event. Venues, landlords and municipalities often ask for it.
- Cancellation or postponement. Reimburses non-refundable costs if the event has to be cancelled or moved for a reason the policy covers.
- Property. Covers rented or owned items used at the event, such as equipment, décor and gifts.
- Host liquor liability. Relevant when alcohol is served. Ask whether it is included or needs to be added.
What to check
- What reasons for cancellation are covered, and what is excluded. Change of mind and many causes outside the policy list usually are not.
- The dates the cover applies to, including setup and tear-down.
- Limits and deductibles, and who has to be named on the policy.
- Whether your home policy already provides any liability for the event.
Questions to ask
- What does the venue or organizer require?
- What am I covered for if a key supplier cancels or the venue closes?
- What is excluded?
Common mistakes
- Buying cancellation cover after something has already gone wrong.
- Assuming a home or business policy covers a larger event.
- Not reading the exclusions.