Special Event Insurance – Seize the Moment

7th January 2010

Planning a show or convention for your company can be a great way to expand your business. By seizing the moment you can increase profits and get your name out there to potential customers. With special event insurance your show can go as expected without the worries of unforeseen actions taking place.

There are several factors to consider when looking for coverage for your exhibition or convention. Liability, cancellation, and employer coverage are the main aspects. Your business must make sure that each of these is covered properly before investing so much time, effort, and money into your show.

The liability coverage of your special event insurance is going to be the main part. The liability will cover your business in case any accidents happen due to negligence on the part of your company. The provider will set limitations on this part so be careful and review your policy so you know exactly what you are covered for.

Cancellation or abandonment coverage is very important as well. You cannot predict what will happen, like for instance if severe weather causes a cancellation for your exhibition you will need to cover the time and expenses that have already gone into the event. There will be set exemptions for this type of coverage, remember that this type of coverage does not guarantee a refund for all circumstances. In that case it is again important to know what coverage you have.

Employer coverage for special event insurance will cover the employer and all of their agents against any lawsuits that may arise outside of the general liability coverage. Once you have reviewed that policy and know exactly what you are covered for you might have some questions. The most common question is what kind of shows are covered, here are some shows that are usually covered: 

● County Fairs
● Concerts
● Festivals
● Anniversary Parties
● Baby Showers
● Baptisms
● Bar Mitzvahs
● Bat Mitzvahs
● Auto Shows
● Antique or Museum Shows
● Garden Shows
● Birthday Parties
● Confirmations
● Conventions
● Fundraisers
● Family Reunions
● Carnivals
● Animal Shows
● Retirement Parties
● Speaking Engagements
● Business Meetings
● Exhibitions
● Seminars

As you can see there is a broad range of shows that are covered. Once your business determines what kind of show they wish to have it will really open up the possibilities for the types of coverage you can get and what kind of premium to expect. Special event insurance can cover your business under any circumstances that may arise but the premium will be dependant on any risks that may arise.

There are many other aspects to acquiring coverage from your provider that may not be discussed here. It is always a good idea to contact your provider and ask questions. Being thorough is the best way to insure that your business will receive the appropriate coverage. A great way to start is by getting to know special event insurance better so that when you do contact the provider you have a better understanding of what is available.