Fall is such a wonderful time of the year. It is the season of colorful leaves, pumpkin spice and cool breezes. It’s also the time for festivals, with churches, schools and counties hosting fairs and open-air gatherings. Even though the general purpose is to encourage fun and games with those who attend, the potential for an accident leaves planners with the decision to acquire event insurance.
Why It’s Important
Many planners think their company’s general liability insurance is enough coverage for their proposed festival or event. However, this can be limited in scope to who and what is included for coverage. It might not offer enough of a limit on potential incidents. Vendors or other companies participating in the event may also require the hosting organization to offer more specific coverage for their operations as well.
Where Can You Get It?
Event insurance is sometimes considered a specialty field, and you need to research agencies in your area with the right licenses and carriers. In addition to general liability, you will need to consider property concerns, potential liquor liability, cancellation insurance and hired/non-owned auto coverage.
With great weather and an eager crowd, it is hopeful that your festival will go off without a hitch. However, don’t take the risk of moving forward without a comprehensive event insurance policy.