From company picnics, to special trainings and awards celebrations, to team building activities, is your company prepared? While all of these events can be great for morale and your business, it is critical to ensure your company is covered in the event of any liabilities than can occur during your special event with special event insurance.
Understanding Special Event Insurance
In the event of injuries or damages during your event, special event insurance policies can protect you and your business from third-party claims. in case of bodily injury or property damage. For example, if an employee’s date or their child is injured and requires medical treatment, then you are covered the same way that you would be under general liability insurance.
Consider These Add Ons
In addition to third-party claims, your coverage can be tailored to your needs, including the following add ons:
- Property Insurance- This will help to protect your company’s equipment, or the space used for the event.
- Cancellation Insurance- This will cover costs for postponing or canceling due to weather or other issues.
- Employers’ Liability Insurance- This protects you in the event an employee (not considered a third party under special event insurance) were to sue for an injury or illness that happened during the event.
Consider Extended Coverage
In the event that you will be hosting more than one event, you may want to create a policy that covers an extended period of time, covering you for multiple events. These policies can be written for as little as one day, or coverage for up to one year, depending on your business’s specific needs.
Speak with your insurance agent in order to determine the best option for your company’s special event needs. Contact Brazelton Insurance Group for more information today!