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Special Event Insurance: Liability, Cost & Quotes From $11

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Table of contents

1. Special Event Liability Insurance  1.1. Public Liability Insurance for Special Events 2. Special Event Liquor Liability Insurance3. Special Event Workers Compensation Insurance  4. Special Event Cancellation Insurance5. Special Event Rental Equipment Insurance6. Wedding Special Event Insurance  7. One Day Special Event Insurance  8. Sports Special Event Insurance9. Special Event Insurance Cost  10. Best Special Event Insurance Companies  10.1. CoverWallet Special Event Insurance 10.1.1. Pros10.1.2. Cons10.2. Special Event Insurance Geico    10.2.1. Pros   10.2.2. Cons   10.3. USAA Special Event Insurance 10.3.1. Pros 10.3.2. Cons 10.4. Nationwide Special Event Insurance 10.4.1. Pros 10.4.2. Cons 10.5. Special Event Insurance State Farm10.5.1. Pros 10.5.2. Cons 10.6. Progressive Special Event Insurance  10.6.1. Pros 10.6.2. Cons   10.7. Markel Special Event Insurance  10.7.1. Pros 10.7.2. Cons 10.8. Liberty Mutual Special Event Insurance10.8.1. Pros 10.8.2. Cons 10.9. AAA Special Event Insurance 10.9.1. Pros 10.9.2. Cons 10.10. Aflac Special Event Policy   10.10.1. Pros   10.10.2. Cons   10.11. K&K Special Event Insurance  10.11.1. Pros 10.11.2. Cons 10.12. PAL Special Event Insurance  10.12.1. Pros 10.12.2. Cons 10.13. Allstate Special Event Insurance  10.13.1. Pros 10.13.2. Cons 10.14. BCAA Special Event Insurance  10.14.1. Pros 10.14.2. Cons10.15. ACORD Special Event Insurance  10.15.1. Pros 10.15.2. Cons 10.16. Tulip Special Event Insurance 10.16.1. Pros   10.16.2. Cons   10.17. Abacus Special Event Insurance  10.17.1. Pros10.17.2. Cons 10.18. AMA Special Event Insurance  10.18.1. Pros 10.18.2. Cons 10.19. USLI Special Event Insurance   10.19.1. Pros 10.19.2. Cons 

Special events are complex. And if you've planned one before, you know just how much resources it takes to execute everything perfectly. While you might hope that the special event runs flawlessly, a lot could actually go wrong. Special event insurance coverage protects you from paying out-of-pocket for these unforeseen events. 


Special event insurance is a long-term or short-term insurance policy for events. This covers any property damage or bodily injury that might occur during the special event. Suppose you must cancel your special plans for the anniversary, graduation party, birthday or wedding; in that case, you can leverage the insurance to recoup some expenses. 

 

Special Event Liability Insurance  

As an industry standard, most venues require that you obtain special event liability insurance. Primarily offered as a commercial general liability insurance policy (CGL), this covers the following:

  • Third-party personal injuries - General liability insurance will cover medical expenses if your special event injured a guest, vendor, or any other third party 

  • Third-party property damage - General liability insurance will reimburse the value of damaged properties owned by guests, vendors, and other third parties, which your special event damaged. 

 

It's become apparent that you can lose your event spot if you fail to present proof of special event general liability insurance as most rental venues won’t offer their services if an event isn’t covered with it. 

 

CGL special event insurance has inclusions available at an additional cost. Such additional inclusions are:

  • Advertising injury coverage -  Advertising injury coverage will cover attorney fees, administrative costs, settlements, and other legal expenses if a third party sues the special event organizer for slander, libel, and other forms of advertising or reputational harm

  • Rented premises liability coverage - Rented premises liability coverage will reimburse the property owner if a rented venue is damaged during a special event 


Also read: Festival Insurance for Vendors: Cost, Liability & Quotes from $11

 

Public Liability Insurance for Special Events

Another type of special event liability coverage is public liability insurance. This one functions the same as general liability insurance. That is, cover personal injury claims and property damage claims. But still, this coverage is a bit different because you can’t add optional policies to it. Thus, its premiums are cheaper due to the limited protection provided. 


Special Event Liquor Liability Insurance

Once you purchase special event insurance, you can opt for liquor liability insurance. The latter is an optional coverage that protects the event organizers when a guest sustains personal injuries/property damage or gets overserved with alcohol.  Specific costs covered are:

  • Emergency treatment

  • Funeral expenses

  • Reimbursement for damaged properties

  • Legal costs 

 

The special event liquor liability insurance offers protection for Bring Your Own Bottle (BYOB) and open-bar events and should cover any violation of statutes and regulations pertaining to the distribution and use of alcohol. 

 

Special Event Workers Compensation Insurance  

While general liability insurance covers third-party bodily injury and property damage, it doesn't cover employee injuries or illnesses. 

 

A special event workers' compensation insurance protects you from these uncovered liabilities. Particularly,  workers' compensation insurance provides coverage for the following:

  • Medical treatment/procedure - Upon sustaining a work-related injury or disease, an employee of your special event business will surely request you to shoulder the bills for the required medical treatment/procedure. You can turn to workers' compensation insurance for funds and cover the employee’s medical treatment/procedure without spending a single penny

  • Hospitalization - Workers compensation insurance will help your employee pay bills if a work-related injury or illness needs intensive hospitalization

  • Medication - Does your employee need money to buy meds? Workers' compensation will help in this case. It can cover all or a portion of the expenses regardless of what medicine an employee needs

  • Rehabilitation - Your employee might need rehab to fully recover from a work-related injury or illness. Workers' compensation insurance provides the money that can be used to cover therapist fees, rehabilitation equipment, and more

  • Lost income compensation - Workers’ compensation insurance provides coverage for lost income if your employee can’t work due to a work-related injury or illness. Lost income compensation will be equal to two-thirds or 67% of the average weekly wage. That said, if the average weekly wage is $789, lost income compensation will be $528.63

  • Death benefits - Workers' compensation insurance provides death benefits if an employee dies from a work-related injury or illness. In practice, it will provide the money for funeral expenses and financial aid to dependents


Special Event Cancellation Insurance

Cancellation insurance is included in long-term and short-term special event insurance. Understanding how this works is simple. If a special event is canceled due to conflicting schedule, a particular incident,  or any other possible causes, cancellation insurance will cover non-refundable expenses such as:

  • Payments for venue rental

  • Payments for equipment rental

  • Expenses for catering service

  • Expenses for vehicle rental


Special Event Rental Equipment Insurance

You will need to rent equipment for a special event. Of course, when rented equipment becomes damaged or lost, you’ll need to reimburse the owner. Rental equipment insurance assumes this responsibility for you. It will reimburse or provide replacement if rented equipment becomes damaged or lost due to fire, theft, vandalism, and other covered perils. 

 

Wedding Special Event Insurance  

Weddings are monumental to the couple and their families. Given the day's significance, most parties choose to go big when it comes to the décor, wedding dress, and wedding bands. The eventuality is that you end up forking a huge sum towards the bid day. To avoid this, get special event insurance for weddings. 

 

In this policy, the first inclusion is special event liability insurance for wedding (either public liability insurance or general liability insurance. Liability insurance will provide coverage for reimbursements or medical payments if a guest or any other third party sustains property damage or personal injuries during the wedding and decides to file a claim. Other inclusions are equipment breakdown insurance, rental equipment insurance, and cancellation insurance. 

 

One Day Special Event Insurance  

1 day special event insurance is a short-term special invent insurance policy covering the policyholder holder against personal injury and property damage claims. Purchasing this one day special event insurance policy gives you peace of mind. It is, in fact, the best decision you can ever make for your events. While not legally required, some venues will turn down your business if you do not have it.   


Sports Special Event Insurance

Sports special event insurance is a tailored coverage for basketball, tennis,  softball, lacrosse, hockey, soccer, and other sporting events.  Inclusions are as follows:

  • General liability insurance - Covers the personal injuries or property damage inflicted to third parties during the event as caused by an accident

  • Participant liability and accident coverage - Participant liability and accident coverage will cover expenses if guests become injured while participating in the activities hosted at the sporting event

Special Event Insurance Cost  

Special event liability insurance cost vary depending on various factors, including the type of event, its duration, and the number of participants. Typically, a special event insurance premium will set you back at $150 for a one day coverage. Long-term coverage, on the other hand, costs $75 per month or $900 per year. Consider searching for special event insurance online, as you'll likely get a cheap special event insurance quote. 



Cost for One Day CoverageBest for
CoverWallet$35Special event liability insurance quote comparison online
Geico$130Wedding special event insurance with a 15% discount
State Farm$41Custom special event insurance
Progressive$105Special event cancellation insurance
Aflac$45Basic special event insurance
Markel$75Special event cancellation insurance with low deductibles
K&K$52Comprehensive special event general liability insurance
USAA$56Special event insurance with engagement ring coverage
AAA$160Special event insurance for dance marathons, auto shows, raves, and festivals
Nationwide$68Special event insurance that provides immediate replacement for damaged items
PAL$75Special event general liability insurance with tailored party alcohol liability coverage
Liberty Mutual$78Special event insurance with fast claims process
Allstate$89Special event insurance for weddings, business meetings, parties, and corporate events
BCAA$96Special event insurance for social events, trade shows, and sports tournaments
ACORD$95Animal show special event insurance
Tulip$100Special event insurance with terms that comply with rental agreements
Abacus$110Special event insurance with no exclusions on the number of attendees
AMA$112Non profit event insurance
USLI$118Special event insurance for weddings, main events, and golf events

Compare Cheap Special Event Insurance Quotes Online

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Best Special Event Insurance Companies

Here's a breakdown of the best special events insurance companies based on a thorough evaluation of event insurers in the market today. The evaluation included an analysis of the coverage types offered by each and their quotes. Further, their customer service was scrutinized, particularly the ease of obtaining a quote and subsequent purchase of the coverage. Read the reviews below to know the best companies' pros, cons, and pricing for a one-day coverage.


CoverWallet Special Event Insurance


Pros

  • Has an online platform for you Compare quotes to find the best coverage

  • Cancel a policy anytime

  • Live insurance agents

  • Pay for premiums online

Cons

  • Not an insurance company but an insurance broker


CoverWallet is an insurance broker selling a tailored special event insurance offering general liability coverage, liquor liability coverage, rental equipment insurance, and cancellation coverage. Work with CoverWallet because it receives payments online, allows you to get an instant certificate of insurance, allows you to add additional insureds for free online, and doesn’t mind if you cancel a policy at the spur of the moment.


By the way, CoverWallet has an online quotes comparison platform you can use to find carriers offering special event insurance. All you have to do is provide basic business information and special event insurance quotes will be sent.


Best for: Special event liability insurance quote comparison online

Average cost: $35 for one-day coverage

Our rating: 10/10

Special Event Insurance Geico


Pros

  • Cheap event cancellation coverage

  • Liability limit starts at $500,000

  • 15% discount for purchasing wedding liability and cancellation coverage concurrently

  • Offers special event insurance Florida

  • You can purchase up to $2 million in coverage a day before the event

Cons

  • Mandate that the event cancellation policy be purchased at least 15 days before cancellation

  • Cancellation insurance doesn't cover infectious diseases

  • No online quotes

  • Doesn’t offer non-profit special event insurance

Geico, short for Government Employee Insurance Company, is a leading insurer covering special events. Geico's special event insurance can be purchased as far back as two weeks before the event and should cover the non-refundable deposits, any cancellation fees inquired, and bodily harm or property damage during the event.


Note that the Geico special events coverage doesn't cover events including:

  • Sporting events

  • Events that feature firearms, explosives, etc

  • Paid attendance events such as concerts

Best for: Wedding special event insurance with a 15% discount

Average cost: $130 for one-day coverage

Our rating: 8/10


USAA Special Event Insurance


Pros

  • USAA's liability coverage protects the insured party during rehearsals carried out 48 hours before the event

  • Provisions for engagement ring insurance

  • Money-back guarantee

Cons

  • Available for USAA members only, including military personnel, veterans, reservists, and their family members

USAAoffers affordable liability policies tailored specifically to the realities of life in the military. These policies cover all events within the States and its territories and include events on cruise ships. You can purchase the special event policy a day before the event.

Best for:Special event insurance with engagement ring coverage

Average cost:$56 for one-day coverage

Our rating:9/10


Nationwide Special Event Insurance


Pros

  • Offers coverage as standard, which would have otherwise attracted an extra charge from other insurers

  • Various discounts on offer

  • Exemplary customer service

Cons

  • Limited coverage with Alaska, Hawaii, and Louisiana excluded

Nationwide Mutual Insurance Company, often shortened to Nationwide, was founded in1924 and, with time, has become one of the ten most revered insurers. The special event insurance coverage from Nationwide stands out as it includes a brand-new belongings clause that ensures you are paid enough to restore the damaged property or replace it with a brand new item if you see fit.

Best for:Special event insurance that provides immediate replacement for damaged items

Average cost:$68 for one-day coverage

Our rating:6/10


Special Event Insurance State Farm

Pros

  • Coverage across the 50 states

  • You can customize your coverage

  • 24/7 customer service

Cons

  • You can only purchase coverage from the company or available agents

Founded in 1922,State FarmMutual Automobile Insurance company's goal is to help its customers manage the risks they face every day. As a top provider of special events insurance, State Farm handles an average of 39,000 claims a day across the 50 states. It has a customer base of more than 85 million policyholders.

Best for:Custom special event insurance

Average cost:$41 for one-day coverage

Our rating: 9/10


Progressive Special Event Insurance


Pros

  • Covers over 400 types of events

  • A 5% discount when you purchase the policy directly from Progressive

  • Cancellation insurance as special coverage

Cons

  • Mixed feedback on customer service


Founded in 1937, the Progressive Insurance Company is a long-standing insurer with over 80 years of experience in the insurance ecosystem. Highly rated by AM Best and the BBB, Progressive offers a wide range of special events coverage policies. Their online claims reporting, online premium payments, and live chatbots make Progressive special events coverage services highly accessible to customers.

Best for: Special event cancellation insurance

Average cost: $105 for one-day coverage

Our rating: 8/10


Markel Special Event Insurance


Pros

  • A 15% discount if you purchase general liability and cancellation policies at the same time

  • Deductibles can be as low as $25 for cancellation policies

  • Cancelation coverage that covers the all the 50 U.S states and other international destinations

Cons

  • Liability coverage doesn't cover international destinations

  • A $300 limit on the loss of cash gifts

With over 15 years of experience,Markelhas curated two low-cost event policies: Event liability insurance and cancelation coverage. You can purchase these just a day before your event, and your venue can be named as an additional insured within the certificate of insurance without incurring additional costs.

Best for:Special event cancellation insurance with low deductibles

Average cost:$75 for one-day coverage

Our rating:8/10

Liberty Mutual Special Event Insurance

Pros

  • Coverage extends to 29 countries

  • Wide breadth of coverage

  • Quick and efficient claim resolution

  • Great mobile app accessibility

Cons

  • Doesn't cover damage deemed as resulting from intentional acts or caused by certain vehicle types

Liberty Mutualranked at position 78 on the U.S. Fortune list in 2021, given that it was the 6th largest global property and causality insurer in 2021. Since its inception in 1912, the insurer's goal has been to provide comprehensive solutions for complex risks. The company's workers' compensation coverage stands out the most as it takes on a holistic strategy when compensating for unforeseen W.C. challenges.

Best for:Special event insurance with fast claims process

Average cost:$78 for one-day coverage

Our rating:7/10


AAA Special Event Insurance


Pros

  • A Protection Plan for as low as $160

  • Provides reimbursement for non-recoverable expenses due to honorees unexpectedly being called in for active duty

  • Covers repair or replacement costs for damaged gifts

  • Covers sudden illness that results in postponement of the event

  • With the Protection Plan, you get vendor liability coverage

Cons

  • You can only purchase the coverage through an agent

American Automobile Association (AAA) offers a collection of branded products to protect you during special events. While the average premium is considerably higher than the rest within the list, AAA offers various discounts to help customers save money on the initial premium. AAA special event insurance covers:

  • Dance marathons

  • Auto shows

  • Events with fireworks and real ammunition, including historical re-enactments

  • Raves and festivals

Best for:Special event insurance for dance marathons, auto shows, raves, and festivals

Average cost:$160 for one-day coverage

Our rating:8/10


Aflac Special Event Policy


Pros

  • Exceptional financial rating

  • Multiple levels of coverage with the possibility of customization

Cons

  • Limited accessibility due to poor online interaction

  • No online quote options

Aflac is the county's major supplemental insurance provider for individuals and groups. It has been in practice for over six decades, offering more than 50 million people worldwide financial protection during special events.


Best for: Basic special event insurance

Average cost: $45 for one-day coverage

Our rating:9/10


K&K Special Event Insurance


Pros

  • Offers special insurance for sports, recreation, and entertainment

  • A wide range of products competitively priced

  • Underwrites general liability insurance offering specialized coverage such as liquor liability coverage, motorsports liability coverage, liquor liability coverage, etc

Cons

  • Poor customer service

K & K insurance company was founded in 1952 and has grown to be one of the country's most sought-after Managing General Underwriters. The BBB accredited has an extensive network of independent insurance agents whose prowess in, among others, online claims reporting has earned the insurer an A+ rating.

Note that this general liability insurance coverage offers protection for events with less than 12,000 participants.

Best for:Comprehensive special event general liability insurance

Average cost: $52 for one-day coverage

Our rating: 6/10


PAL Special Event Insurance


Pros

  • Offers an Exhibitor Coverage that protects individuals or businesses with a kiosk at a market, mall, or outdoor event

  • Covers contests and other ticket events and performances

  • General Liability coverage includes a Party Alcohol Liability

Cons

  • Longer than the standard quote turnaround time

PAL Insurance is a specialty broker operating in Canada that offers, among others, special events liability, party alcohol liability, and other special events insurance covers. Since its establishment in 1989, PAL Insurance has insured thousands of events throughout Canada. Their general liability and property coverage stand out as the insurer is famed for having a knack for identifying the specific needs for each type of event.

Best for:Special event general liability insurance with tailored party alcohol liability coverage

Average cost:$75 for one-day coverage

Our rating: 6/10


Allstate Special Event Insurance


Pros

  • Online quotes available

  • Customizable offerings

Cons

  • No one-day insurance coverage for sporting events or events with over 500 attendees

Allstate is a nationwide national insurance service provider that offers special events coverage for weddings, business meetings, parties, and corporate events. The insurer offers two broad products-event cancellations and event liability coverage.

Best for:Special event insurance for weddings, business meetings, parties, and corporate events

Average cost: $89 for one-day coverage

Our rating:6/10

BCAA Special Event Insurance


Pros

  • Up to $10,000,000 in liability limits

  • Host Liquor Liability is included in the cover

Cons

  • Longer than the standard claim processing time

  • Poor customer service with long phone wait times

BCAA was founded in 1906 as an affiliate of The Victoria Automobile Club and was meant to help motoring enthusiasts and hobbyists with vehicle breakdowns. Over the years, BCAA has evolved to be a trusted brand that offers special event insurance, car insurance, and other insurance products


The special events covered include:

  • Social events like birthday parties, weddings, and reunions

  • Business events like trade shows

  • Sporting events, including tournaments


Policyholders can also get the event cancellation insurance that'll cushion them if an event is canceled.


Best for: Special event insurance for social events, trade shows, and sports tournaments

Average cost: $96 for one-day coverage

Our rating: 8/10

ACORD Special Event Insurance


Pros

  • Events with firework displays and bonfires are insured

  • Worker compensation with a $1 million compensation limit

  • Liquor Liability is included

  • Online account access to special event policy

Cons

  • ACORD's not BBB accredited

The Association of Corporative Operations Research and Development (ACORD) is an NGO that offers, among others, special event insurance and Commercial General Liability. These two are instrumental when it comes to covering your business from the financial liability of property damage during the event.

ACORD's special event insurance covers ticket shows, including concerts, animal shows, and motorized vehicle shows. The provider's selling point is that they offer superior coverage and support for a multitude of events.

Best for: Animal show special event insurance

Average cost: $95 for one-day coverage

Our rating: 7/10


Tulip Special Event Insurance

Pros

  • Insurance coverage curated to meet the contractual insurance requirements within a rental agreement

  • Host liquor liability is included

  • Hired and non-owned automobile liability is included

Cons

  • Additional premium required for terrorism coverage

  • Premiums are typically calculated for events lasting 1 to 4 days, with additional days attracting additional premium

Tenant Users Liability Insurance Policy (TULIP) is a simple coverage for venue owners who need cover from third-party liability. This cover provides the perfect insurance for the lessee subject to the venue's requirements.

Best for: Special event insurance with terms that comply with rental agreements

Average cost: $100 for one-day coverage

Our rating:8/10

Abacus Special Event Insurance


Pros

  • Coverage for over 200 types of events

  • A maximum event duration of 90 days

  • No attendance maximum

Cons

  • Compensation limitations for theft of cash, checks, and other monitory gifts

Abacus Insurance Brokers offer single event and multiple event insurance coverage for plays, concerts, weddings, and other sporting events. Policyholders will pay premiums either per event or annually, reducing the premiums paid per month.

Best for: Special event insurance with no exclusions on the number of attendees

Average cost: $110 for one-day coverage

Our rating: 8/10


AMA Special Event Insurance


Pros

  • A maximum limit of up to $5 million for event liability coverage

  • Events featuring open or cash bars get a Liquor Coverage

Cons

  • Limited to events carried out in Canada

  • A minimum deductible of $1000

  • No money-back guarantees or refunds for event liability insurance

American Medical Association (AMA) has been in operation since 1847. Its special event liability insurance covers personal and public events including weddings, reunions, award presentations, charity auctions, and fundraisers.

Best for: Nonprofit event insurance

Average cost: $112 for one-day coverage

Our rating: 6/10


USLI Special Event Insurance


Pros

  • Special event insurance policy includes general and liquor liability as well as medical payments for bodily injury

  • Covers upwards of 10,000 guests

  • Flexible terms depending on the duration of the event

Cons

  • Purchasing of USLI special event insurance can only happen through an agent

  • Not designed for smaller events

USLI provides coverage for weddings, main events, and golf events. Inclusions are general liability insurance and liquor liability insurance. Note that this company only provides coverage if an event doesn’t have more than 20,000 guests.

Best for: Special event insurance for weddings, main events, and golf events

Average cost: $118 for one-day coverage

Our rating: 8/10

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