26th February 2010
If you are planning on throwing an event you should think about investing in event insurance coverage. Throwing an event can be an expensive and time consuming process. Let’s face it, today’s culture is one filled with lawsuit after lawsuit over things that used to just be seen as a clumsy accident. Because of this you should do all you can to protect the time and money you have invested in the event.
Many people think that just because it is friends or family attending an event they do not need to worry about any type of coverage. However, they would be wrong. While they may seem like nice people now if they are faced with paying a huge medical bill from an accident that happened at your event they could change. Event insurance coverage is an inexpensive protection policy to keep your friendships intact and your money in your wallet.
You may not think that the possibilities of accidents at a small event are all over the place but they are. Even simple things like grilling hamburgers can turn into an accident. Someone could burn their hand on the grill and need medical attention. This could leave you with a huge medical bill. What about inside? Are you the type of person that cleans before an event? If you mop the floor and someone arrives early and ends up slipping on the wet floor. This could end up costing you a pretty penny in medical bills if they break a bone. There could be an ambulance charge, surgery costs and the cost of rehab for the broken bones. There is no arguing that event insurance coverage can be the difference between lots of out of pocket expenses or just minor expenses at an event.
There are many different types of events that might need to be covered under this type of insurance policy. Parties, public exhibitions, weddings, and public events are just a few. If you are having a lot of people over for the event or you plan on renting a venue then you might need to invest in some insurance coverage to protect yourself. If you do not you could end up being held liable for damages and accidents that are beyond your control.
No one really wants to be sued; but, the reality is that at an event there is a lot of room for error. These errors could end up costing you a lot of money. This, however, should not make you abstain from throwing events if that is what you want to do. You should just be sure that you are taking extra precautions to protect your guests and yourself from these minor mishaps. A good precaution to take is the investment of insurance coverage. Event insurance coverage is often the only thing standing between someone who throws a successful event and an event that costs the host or hostess a lot of money. So do yourself a favour and do not take chances with your protection.