To purchase special one-day event insurance, event planners can contact their homeowner's or auto insurance providers, reports Bankrate. They can also search for event insurance online, making sure to consider companies with top ratings and perusing the policies carefully before buying. Planners should avoid insurance with low policy limits that may not be enough to provide the needed level of protection.
Event liability insurance covers injuries or property damage that occurs because of the event, explains the National Association of Insurance Commissioners. If event organizers plan to serve liquor, the insurance must cover liquor-related incidents during and after the event. Event cancellation insurance covers delays or cancellations due to injuries, sickness or weather. It also covers deposits and replacements when vendors fail to appear. Event organizers should purchase insurance that covers at least $1 million to $2 million in liability claims, Bankrate recommends.
Event planners should arrange for insurance several days before the event, as the coverage doesn't go into effect immediately, advises the National Association of Insurance Commissioners. Planners should check with their state insurance department to be sure the insurance company is licensed in the state where the event takes place. In case of an incident, they should have the contact information of the insurance company with them during and after the event.