Special event insurance is used to insure events that last 10 days or less and protects against liability hazards that can occur during them. It includes auto and property insurance to protect the event location and any vehicles used to work the event, workers compensation to protect the employees catering or operating it, liquor liability for events with adult beverages, and cancellation insurance in case unforeseen circumstances end the event.
Events like festivals, tournaments, weddings, and conferences all need to have special event insurance to protect the hosting location and those attending. It makes sure that if anything that could go wrong does, there are plans in place to rectify them. Special event insurance usually requires a minimum of $1 million in coverage, and the location hosting the event will usually require to be named as a secondary in the policy to make sure that they are covered as well. Purchasing the policy way in advance can give a lower rate.