WHO:
How many times have you been planning an event and the venue has asked you for an insurance certificate? Venues require the planner to provide a certificate of insurance for the event. Even if you’re an event planner or manager, being contracted by a producing company, the producing company may require you to provide a certificate of insurance.
WHAT LEVEL OF COVERAGE:
The minimum required policy by clients and vendors is usually a one million dollar commercial general liability policy. Insurance companies do not write liability policies to an individual who is doing the event, the individual must be incorporated and the policy is written with the corporation.
TYPE:
When applying with an insurance agency, they will ask you to zone in on what your business is. Do you sell goods? Do you provide a service? Professional Liability Insurance is available under the label of Event and Meeting Planners.
COST:
Now the fun part and the punch line……how much does Event and Meeting Planners liability insurance cost? The insurance company will need to know about your type of events.
-Are your events inside or outside?
-Will pyrotechnics be used?
-How many attendees are anticipated?
Estimated monthly liability insurance payments could start at $150 per quarter, based on an attendee count of up to 300.
Hoping that these tidbits of information help prepare you for your liability insurance quest!
Challenges are what make life interesting & overcoming them is what makes life meaningful.” – Joshua J. Marine
Written by Cris Coniglio – Having a vast range of special event experience from the Olympic Festival Opening Ceremony to press event live shows and theme park development, my goal is to educate and inspire others in entertainment management.
For more education & inspiration – www.blueligerconsulting.com or contact cris@blueligerconsulting.com