It is that time of year where many businesses and individuals will be hosting their holiday parties. These events usually take place at a public or private venue. When you are the host for these functions, did you know that you could be liable for any damages caused to the rented venue or to your guests? With a special events insurance policy you can protect yourself in the event of such a loss. A policy doesn’t just cover you for holiday parties either, as there are a wide range of other events that it will cover including; weddings, banquets, socials, dances, cocktail parties, and retirement parties.
Depending on the type of event you are hosting it could often include high risk activities. It is your responsibility to ensure the safety of your guests. Take the time to understand what risks could be associated with your event. This should help you better understand how to identify and analyze the nature of your event and how to best plan for it. Some high risk activities include fireworks, alcohol, dances, and children’s games.
If your event includes alcohol please keep in mind that you will also need a valid liquor license. Host liquor liability is a coverage that is included in the special events insurance policy. You could be held legally responsible if your guests consume alcohol during your event and harm themselves or someone else.
Often the venue requires insurance to be in place for a specific limit before releasing access to the venue for your event. It is in your best interest to have special events insurance in place as you never know when something unexpected may occur. This coverage will provide you with peace of mind and allow you to fully enjoy your event. Stay safe out there this season and have fun while being protected with a special events insurance policy.
Call Cornerstone Insurance today to inquire about a special events insurance policy and how it can protect you. In order to receive a quote we will need specific details about your event such as the location, start and end dates, how many attendees, and the activities that will take place.