Common types of event liability insurance to consider
Insurance protects organizers from financial exposure due to accidents, injuries, or cancellations. Evaluate the scale and risk profile of your event to choose appropriate coverage.
Common policies:
- General liability insurance: covers bodily injury and property damage claims.
- Event cancellation insurance: reimburses costs if the event is canceled for covered reasons.
- Liquor liability insurance: required if alcohol is served.
- Professional liability (errors & omissions): covers advice or professional service claims.
How to decide:
- Consult with an insurance broker experienced in events to match coverage to risk.
- Review venue requirements—many venues require proof of general liability.
- Consider participant risk: higher-risk activities may require higher limits or specific policies.
Practical tips:
- Bundle coverages where possible for cost savings.
- Keep certificates of insurance available for vendors and venues.
Appropriate insurance reduces financial risk and is often a contractual requirement for many venues and vendors.