What is Event Insurance?

Hosting events presents some risk, and event hosts ought to protect themselves from the risks that they’re able to. Event insurance helps shield people and organizations in Massachusetts from many of the potential perils they face when putting on festivities.

Event insurance is used by individuals, businesses and nonprofit organizations to cover a wide variety of events. Policies are often available for small and large gatherings alike. For example, a policy might be purchased when hosting a birthday party, holiday celebration, corporate seminar, nonprofit fundraiser or almost any other similar event.

What Coverages Are Included in Event Policies?

Since event policies are used to insure many different events, insurers offer a wide variety of event liability insurance coverages within these policies. Some of these are broad coverages that protect against multiple and/or common risks, and others are more narrowly designed for specific applications.

A few of the more common and broad liability insurance coverages that policies frequently make available are:

• General Liability Coverage, which may cover falls and other common accidents
• Product Liability Coverage, which may cover damage and/or harm caused by products that are sold or given away
• Automobile Liability Coverage, which may cover vehicles used at an event
• Spectator Liability Coverage, which may cover injuries sustained by non-participating attendees
• Liquor Liability Coverage, which might cover alcohol-induced incidents

In addition to these, there are a range of more specific event liability insurance coverages that policies might offer. Some examples of such coverages include

• Animal Liability Coverage, which may be necessary if using live animals
• Aircraft Liability Coverage, which may be necessary if using planes or helicopters
• Medical Malpractice Coverage, which may be necessary if offering on-site medical care

Because some of these coverages are highly specialized, people and organizations hosting events should work with a knowledgeable insurance agent to select the coverages that are appropriate for their planned activities. An insurance agent who specializes in event liability insurance will understand the risks event hosts face and be familiar with the coverages that may help protect against those risks.

Who in Massachusetts Needs an Event Liability Insurance Policy?

Most organizations and individuals in Massachusetts who are hosting an event should look into protecting themselves with an event liability insurance policy. This includes companies hosting major holiday parties, seminars and training sessions, as well as nonprofit organizations holding fundraisers and festivals. In some cases, individuals holding birthday parties, anniversary parties and similar celebrations might also want to explore their coverage options.

Are Event Liability Policies Expensive?

Many organizations and individuals find that event liability policies are highly affordable. Because these policies tend to only offer liability protections and last for only the duration of a planned event, premiums are often quite low. There is, however, variance in cost since coverage needs differ from one event to the next.

For a detailed explanation of how much insurance a specific planned event would cost, hosts can ask an independent agent to get quotes for several policies. Independent insurance agents aren’t tied to a single insurer, so it’s easy for them to request and compare quotes from several companies. With multiple quotes, it’s easy to see precisely how much different companies would charge for certain coverages.

How Can Hosts in Massachusetts Get Event Insurance Coverage?

For help finding event insurance that offers the right protections for your planned activities, contact the independent insurance agents at Flavin & Flavin Insurance. Our team has worked with many organizations and individuals in Massachusetts, and we’re ready to help you properly insure your event.