Some of the products on this page come from partners who may compensate us when you click on their links or take specific actions. This helps us keep our content free. That said, our opinions are our own and based on independent analysis.
Event planner insurance is a specialized protection program for the planners of birthday parties, weddings, trade shows, concerts, and other events.
It offers liability and casualty insurance products for business income loss, lawsuits, employee injuries, and property damage.
This article focuses on
These are the common types of insurance for event planners you can buy online, through a broker, or insurance agent:
General liability insurance is essential for your work. You need to have at least $1 million-$2 million worth of this event planner insurance coverage.
Most clients will require you to get general liability insurance. This policy sees to it that you can indemnify them if someone sustains bodily injuries or property damage during the event.
Event planner liability insurance takes care of these costs each time a claim for property damage or bodily injuries is filed against you by clients, independent contractors, vendors, and other third parties:
Insurance companies underwrite general liability insurance for event planners as a broad-form policy. And so, its language doesn’t only have the function of public liability insurance for event organisers and also protects you against:
Event planning is a hectic job.This is why most event planners get a $1 million-$2 million professional liability insurance for event planners aside from general liability insurance.
Also called errors and omissions insurance or professional indemnity insurance, this inclusion in your event management insurance covers claims filed because your service has significant flaws. Professional liability insurance is useful when:
Each time a claim for negligence, misrepresentation, violation of good faith, and missed deadlines is filed, professional liability insurance will cover these costs on your behalf:
Traveling is a part of an event planner’s daily tasks. Commercial auto insurance covers the unfortunate events that can happen while you’re using a vehicle for business purposes. Use this inclusion in event organizer insurance to:
Workers’ compensation insurance covers the occupational diseases or injuries sustained by your part-time or full-time employees.
Independent contractors might also ask you to name them as additional insureds in this event organiser insurance policy.
Most states require workers’ compensation insurance. because it will fully cover;
Building an office and buying furniture for it costs a lot of money. Thats why you need commercial property insurance.
Commercial property insurance protects your office, whether it’s owned, leased, rented, or a private space at home. This insurance policy will recover your losses if the event planning office gets damaged or destroyed by:
While not usually included in most event and party planner insurance plans, rental equipment insurance is also useful for your work. You need this to rent sound systems, tables, chairs, and other equipment for events.
Most equipment rentals will require you to get a rental equipment policy that lasts for a few hours or days. As an event organizer, you need $5,000-$15,000 rental equipment insurance.
Rental equipment insurance compensates losses or provides a replacement piece in case a hired equipment gets damaged or lost because of theft, malicious mischief, and other covered perils.
Wedding planner insurance is a tailored coverage for event planners specializing in weddings. This is available as a one-day or long-term insurance policy.
Inclusions are general liability insurance with products and completed operations coverage, professional liability insurance, commercial auto insurance, and workers’ compensation insurance.
Get all the best quotes from leading providers in a click of a button!
One day event planner insurance is a short-term general liability policy having the language of public liability insurance for charity events, birthdays, and gatherings in its terms. It grants temporary protection against claims for bodily injuries or property damage.
Insurance companies that offer this policy are Thimble, Hiscox (in partnership with Thimble), and The Hartford (in partnership with Putty).
One quick way to determine the event planner insurance cost is to look at the pricing of each insurance policy. The table below shows the rates of general liability, professional liability, and other insurance for event planners:
| Cost per Year | Cost per Month | |
| General liability insurance | $27 | $324 |
| Professional liability insurance | $33 | $396 |
| Workers compensation insurance | $42.83 | $513.96 |
| Commercial auto insurance | $45 | $540 |
| Commercial property insurance | $30 | $360 |
Expect to pay $27 per month or $324 per year for a $1 million general liability insurance, if you’re an event planner with 5 employees and generate a revenue of $500,000-$750,000 per year.
Get Quotes
NEXT is available in all 50 states. In other words, it can cover you regardless of where you are. Policies included in NEXT’s event planner insurance are general liability, professional liability insurance, commercial auto insurance, workers compensation insurance, and commercial property insurance.
Average cost: $17 per month
CoverWallet has an online quotes comparison platform where you can find insurance companies that offer coverage for event planners.
Upon getting insured, CoverWallet allows you to pay premiums and get a certificate of insurance online. Furthermore, you can cancel your policy at any given time. Lastly, CoverWallet’s online insurance agents are available online to help resolve issues regarding claims filing and policy cancellation.
Average cost: $20 per month
Tivly® is a partner of many insurance companies. Customers who can’t get covered by some carriers are referred to this company. Policies you can get from Tivly® are general liability, workers compensation, professional liability, and commercial auto insurance.
Average cost: $22 per month
Thimble’s event planner insurance offers general liability insurance and professional liability insurance. Get it if you’re looking for an insurance policy that provides coverage for only hours, weeks, days, or months.
Average cost: $25 per month
Hiscox started as a marine insurance underwriter for Lloyd’s of London.It offers a specific policy for event planners who have all of the insurance that is needed.
This includes general liability coverage, professional liability insurance, and BOPs for those looking for more comprehensive coverage. The company also offers a wide range of add-ons.
Average cost: $34 per month
Progressive offers insurance in this industry under its event planner insurance policy, which combines a few different forms of coverage.
For example, it features general liability coverage, professional liability coverage, and even commercial auto insurance. The policy optionally includes a BOP as well.
Average cost: $38 per month
Do you have U.S. insurance expertise/experience? Would you like to become a voice at Insuranks, help businesses and individuals, and showcase your authority online? Write us!
Not all those who wander are lost.
Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
