Weddings are major events that may cost as much as a home down payment. People celebrate, and often drink too much, enhancing the possibility of venue damage or personal injury for which wedding planners or individuals could be liable.
A wedding is one of the most important events of people’s lives; it should not be remembered as a catastrophe. There exist many potential calamities that could wreck the event. The bride or groom could fall ill or a plumbing or heating problem could close the venue for the wedding or reception.
Modern society supplies a number of potential disaster scenarios. Weddings are subject to cancellation due to unforeseen weather such as hurricanes or snowfall. Airports might be closed due to inclement weather or terrorist alerts. Military brides and grooms could find themselves deployed overseas before the assigned date. Wedding insurance was created to address these incidents.
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Who is Liable for Injuries at Weddings?
There are many documented cases of injuries and death caused by guests enjoying too much of a good thing. Many people may be implicated in cases of severe injury. These include the bride and groom, the people paying for the wedding, the event planner, the hosting venue, and the bartender that served the alcohol. Everyone involved should have suitable coverage for financial protection against catastrophe.
If you are the owner of the venue, you should look into premises liability insurance to protect you from injury claims on your premises.
Wedding Planners Require Extra Protection.
People who engage in wedding planning as a career are operating a business. These planners must take their professional responsibility seriously and obtain adequate insurance coverage for personal and company protection. Here is is what you need to know about wedding planner insurance.
Professional wedding planners that rely on client’s insurance coverage are taking a tremendous risk. Planners should research the types of coverage and make recommendations to the client and also obtain their own coverage for personal protection. A comparison of types of coverage and prices can be facilitated with online comparison engines.
If clients make their own arrangements, wedding planners can never be sure what is covered, and they could find themselves facing tremendous personal liability.
Event insurance is available as low as $75, and the price is easily incorporated into the planning fee.
Event Insurance Addresses the Needs of Planners and Clients.
Planning professionals can research coverage online to make intelligent comparisons and choose the kind of insurance most suitable for client’s needs and their personal protection. Coverage offers the following benefits.
- Choosing an insurer to recommend to clients affords reliable enhanced protection.
- Primary coverage protects planners and clients when both are named in a suit.
- The venue can be protected as an additional insured party. The confirmation can be emailed directly to the venue for convenience.
- If planners are both named in a suit, and the client is found at fault, insurance coverage can pay claims promptly without increasing planners’ liability rates.
Event Planners Rely on Three Types of Coverage.
A wedding planner’s clients can experience frustration trying to find insurance that satisfies some historic venue’s requirements. Planners should locate an insurance carrier that provides seamless client coverage at an attractive price. Reputable agencies will also furnish free brochures to give potential customers. There are three types of coverage that may be required.
Liability and Property Damage
This policy protects against personal injury and property damage that might occur during a wedding and reception. If alcohol is not served, then an insurance policy can be purchased at a reduced rate. The amount of insurance needed may be determined by the hosting venue. Most plans provide coverage increments of $500,000, $1,000,000 and $2,000,000.
Event Postponement or Cancellation
If an event is cancelled or postponed due to unforeseen complications, it could cause a tremendous financial burden. Insurance provides protection so that money is not wasted on vendors and deposits, travel plans, and other particulars.
Event Insurance Liability
If rehearsal dinners and other affairs related to a wedding do not occur within 24 hours, most wedding policies will not cover the event. Significant parallel events may require separate coverage.
Important Facts Planners and Primaries Should Research.
There are many questions that planners and primaries may need answered about particular insurers before making a decision to contract insurance coverage. These include the following.
- Some insurers do not have coverage in all states. Make sure the wedding venue is covered.
- Determine if the wedding, reception and rehearsal dinner are covered, and if there are time limitations.
- Find out about policy dollar limitations and whether there is a discount for combining liability and cancellation policies.
- Many companies can offer wedding insurance with only 24-hour notice. Quick policy approval may be essential in some cases.
- Most venues require primary liability coverage, so planners should determine the venue’s requirements.
Insurance Coverage is Essential to Guarantee Wedding Integrity
The type of insurance needed may vary according to the specific circumstances of a particular wedding. Basic insurance covering the cost of videos, photographs, presents, rings, wedding attire, and deposits can run from $155 to $550. General liability can be found as low as $75 for $500,000 coverage at events where alcohol is not served. The average price for $1,000,000 coverage with alcohol runs in the vicinity of $185.
Overlapping overage may not be needed. Check with vendors, caterers and hosting venues to see if they have their own coverage and ask for a copy of the policy to ensure it is up-to-date and meets an individual’s or wedding planner’s needs.
Wedding insurance has long been in force in Great Britain, but it has only come to the United States in the past decade. There are many specific carriers for wedding policies, and many homeowners’ insurance agents may have special event policies to consider. Simply enter your ZIP code into the FREE tool below to find and compare insurance rates!