/ BLOG

Why Every Event Planner Should Consider Getting Business Insurance

Feb 25, 2022 · 5 minutes to read

Event planning is an exciting career option. If you have strong customer service and organization skills, are creative and have a knack for negotiation, it might be right for you. No two events are the same, which also makes it challenging.

Two happy event planners in an event

But it’s not all pretty parties and creating fun. Event planners also face a number of risks that are unique to their field of work. Business insurance may be necessary to help you manage these exposures and protect your livelihood.

Let’s take a closer look at why event planners should consider business insurance. We’ll also discuss types of insurance you might consider, including Professional Liability insurance for event planners and other forms of coverage.

Event planners face unique risks

Event planners need to be ready for anything, often at a moment’s notice. It’s your job to anticipate issues, problem solve on the spot, and prevent trouble that could ruin your client’s big day. Even if you do everything possible to ensure that things go to plan, accidents can still happen.

Business insurance can help event planners prepare for the worst—just in case. Different insurance coverages can help you address common risks, such as:

  • A mistake in your work causing a financial loss for your client
  • Accidentally damaging someone else’s property while you’re working
  • Causing injury to a client, guest, or other third party
  • Workplace injuries or illnesses suffered by you or your employees
  • Costly interruptions to your business

Of course, these are just a few examples of the risks you might face as an event planner. When choosing coverage for your business, it may be helpful to list the potential exposures that you’d like to protect your business against.

What types of insurance do Event Planners need?

As an event planner, you may need several types of coverage to fully protect your business. Event planners commonly consider the below policies:

1. Professional Liability

Sometimes called Errors & Omissions (E&O) insurance, a Professional Liability policy provides coverage against mistakes in your work, breaches of contract, actual or alleged negligence, and other professional errors.

Professional Liability insurance for event planners could help you manage errors that you make while working for a client, as well as unforeseen circumstances that are beyond your control. This might include vendors failing to show, the wrong event date written on important paperwork, or an unhappy bride who feels that it’s your fault that her wedding reception didn’t go off without a hitch.

In cases like these, Professional Liability insurance for event planners could protect you and your business by paying your legal fees, including settlements and judgements, so you don’t have to from your own pocket.

2. General Liability

Commonly referred to as ‘slip and fall’ coverage, a General Liability policy protects businesses against claims of injury or property damage from clients, vendors, or other third parties.

Event planners face many general liability risks in their line of work. You frequently meet with clients in your offices and at event venues, as well as work with vendors and delivery people before, during, and after an event. This presents many opportunities for something to go wrong—like a client tripping and falling over a misplaced box in your office or a staff member knocking over and breaking a stack of plates provided by the caterer.

General Liability insurance protects event planning businesses by providing compensation to the person or business who has made a claim against you.

3. Business Owner’s Policy

Also abbreviated as BOP, a Business Owner’s Policy combines General Liability insurance with other types of coverage that your business may need.

A BOP is a convenient and affordable way to address several risk exposures at once. Your BOP can be customized to include coverages relevant to you as an event planner. This might cover business interruption costs, protection for your business equipment and belongings, non-owned business auto liability, and more.

4. Workers’ Compensation

A Workers’ Compensation policy protects your business against claims and lawsuits arising from workplace injury and serious illness.

You are required to have Workers’ Compensation insurance in many states as soon as you hire your first employee. However, you might consider having a policy even if you work as a sole proprietor. Injuries can happen to anyone during an event, even you! If a broken bone or hospital stay would impact your ability to work and earn a wage, then you may want the protections that Workers’ Compensation can provide.

I work for an event planning company. Do I need my own policies?

The policies held by your employer will likely cover you as their employee. However, your employer’s policies are designed with their interests in mind—not yours. The protection they provide may not be enough, particularly if you are sued as an individual.

Having your own event planning insurance may better shield you against potential lawsuits stemming from your work.

Find Insurance for Event Planners

An event planner’s success depends on their ability to plan for—and sometimes navigate—worst-case scenarios. General Liability, Professional Liability insurance for event planners, and other forms of coverage could help you do this.

BizInsure can help you compare business insurance for event planners in minutes!

Let's find

The coverage you need for your business

Professional Liability Insurance

Professional Liability Insurance

Get a quote

General Liability Insurance

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Professional Liability Insurance

Get a quote

General Liability Insurance

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Workers Compensation Insurance

Get a quote

Great customer service. Quick and efficient. Amy rocked! I highly recommend using BizInsure for your insurance needs.
Prompt and efficient with the delivery of information. Excellent customer service. Easy online navigation.
Great Customer Service and easy renewal process
Extremely polite, very information and able to answer all questions, quick with issuing the policy and half the price of most insurers. Thank you for making it pain-free.
This system is short and sweet, thanks
Patrice was very professional and prompt. I definitely recommend this company.
Process was quit and easy.
Just getting started... excited!
Thank you Jen for assisting me with my insurance needs. Very professional! It was a pleasure chatting with you too!
So very easy. What a great service.
Cherice Williams is the best and very easy to talk to 😊
The process was easy to maneuver.
Good service
Jennifer was amazing, informative and guided me to exactly what was needed to cover my business. Highly recommend.
First of all the agent I spoke with was very kind and helpful. Her name is Andrea. I appreciate the easy and quick online application to purchase my insurance.
I worked with Amy on getting professional insurance and she was fantastic! Some of the best customer service I’ve experienced in a long time. She was diligent and supportive, but never pushy.
The process was smooth and everyone answered questions along the way as needed. Andrea’s follow-up was excellent. Thank you!
Jen was awesome
I have been with Bizinsure for many years and they are always up to date with the latest policy information and the most competitive rates!
My interaction with the agent was very pleasant and she answered my questions. She also responded very quickly when I had questions.
BizInsure understood exactly what I needed and provided an affordable quote. The process was easy and I'm glad I used their services!
Our company has been with BizInsure since 2020. we are very happy with the service they provide.
Just started but the process was easy. Agent was kind and the price was great.I will see how the service is going forward, but starting was very easy and inexpensive.
Customer service was great! I got the help I needed!
Super A rated and affordable coverage.
Dina and Ashleih were so helpful! They made our package work for us. Grateful for the quick service.
I want to thank you for making my insurance search so simple and efficient. I also appreciated the easy communication options, which helped me make the right purchase decision. I'm really grateful for your company's support!.
Jenifer S. was the agent that I worked withi to secure general liability insurance. She was very knowledgeable, helpful and worked diligently to ensure that.my coverage needs were met and for a great price. I would definitely recommend her to others as she was a pleasure to work with.
The agent was very knowledgeable and was very quick in handling my request.
Good customer service
js_loader
Google Rating
4.7
Based on 385 reviews
×
js_loader





    This will close in 0 seconds