Tuesday, September 20, 2011

SimplyShay: Insurance, Who's Responsible?

You've planned your event down the finest of details.  Venue is in place, photographer, videographer, caterer, florist and even entertainment. Have you considered event insurance?  There are many reasons why your event may require insurance. In some cases, venues require you to produce proof of insurance before they allow you to load in for your event.

Event insurance aka liability insurance responds when the unthinkable occurs, when even your careful planning is not enough to prevent a catastrophic loss.

So who is responsible for obtaining coverage?  The venue? The client or the Vendor?  My vote is the vendor in most cases. As an event vendor, you place yourself or your company in a perilous situation if you are not protected against lawsuits or liability claims.

Weddings, bar and bat mitzvahs, and other private social events have a category of their own.  This category of event insurance protects the investment of the individuals who organize and pay for the celebration, in the event it must be canceled. Wedding insurance, for example, will cover the cost of the event should the death or illness of a family member cause the wedding to be canceled or postponed. The policy may also respond if one of your suppliers goes out of business prior to the big day.

~Peaceful Planning
Sharon Patrice Simply Perfect Peace Events, Inc. You or your brand want coverage at an upcoming event? Getting married or having a social event and need assistance? Email Me For All Your Event Planning Needs.

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