Working in the event planning industry isn’t always as simple as it seems. Whether you’re a DJ or trying to organize a wedding, you typically want to be sure that you are fully prepared, and a big part of that is making sure that you already have the right insurance coverage.

To make this easier for our readers, we’ve gone ahead and gathered all of the info that you need to know about wedding planner insurance. So first, we’ll start by going over the various forms of wedding planning insurance available, and then we’ll take a look at how much you can expect to pay for your coverage.

We’ll finish things off by exploring some of the top companies in the wedding planning insurance industry so that you know exactly where you can get cheap and high-quality insurance.

Wedding Planner Liability Insurance

Out of every form of wedding planner insurance you can expect to come across, liability coverage is the most common type. This kind of insurance applies when a business, or in this case, a wedding planner, is held liable for damages that have been sustained by someone where they work.

For example, if a customer comes to your wedding venue, spends a lot of time on the bar, getting too many drinks from the bartender, and ends up falling on the dance floor and breaking their arm through no fault of their own, you may be held liable for their injuries. In this case, a wedding planner liability insurance policy would pay out for that individual’s medical bills and legal fees. Same goes to when a customer or their guest gets food poisoning during the wedding and files a lawsuit against your business, similarly to restaurants.

However, medical bills aren’t the only thing that you may end up being held liable for. One of these insurance policies can also payout to cover property damage that an individual sustained when they were attending a wedding at your venue. For example, if someone’s phone or expensive clothes are damaged, your policy may pay for it.

You have to consider that there are many different kinds of liability insurance that you’ll come across. The most popular form of liability coverage is public liability insurance, which is more affordable than the alternative because it only applies to members of the public.

The public includes customers and people working for other companies, such as catering services that aren’t directly associated with your business. However, you can also opt for general liability insurance, which will apply to even people who work for your wedding planning business and the vast majority of other people on the premises.

Wedding Planner Business Insurance

Along with a simple liability insurance policy for wedding planners, you can opt for wedding planner business insurance, which might also be referred to as a wedding planning business owner policy (BOP). Business owner policies are actually a bundle of several different forms of coverage.

The vast majority of BOPs are made up of two components: liability insurance policy and commercial property insurance policy. A liability insurance policy can either be a general liability policy or a public liability policy, though general liability tends to be more popular because it can protect businesses in more situations.

The other most common component of a wedding planner BOP is a commercial property insurance policy, which will typically apply to the venue where the wedding is being held. It comes as no surprise that wedding venues tend to sustain damage throughout rowdy celebrations, so it’s always good to be protected.

However, BOPs aren’t only restricted to these two kinds of insurance, though they are the most common. Many insurance carriers offer additional options that you can implement into your BOP for a relatively affordable price, including contents cover, business interruption coverage, and quite a bit more.

Wedding Planner Insurance Cost

Before going out and getting a wedding planning insurance policy, you likely want to know how much you’re going to end up paying for it. Unfortunately, this isn’t that easy to determine in advance because the cost of insurance will depend on a few factors that are unique to your business.

For example, the single most significant thing that you’ll need to consider when it comes to the cost of wedding planning insurance is the size of your wedding business. A larger business will host more elaborate and lavish weddings, meaning that your potential liability will be quite a bit higher.

On the other hand, your premiums will be lower if you have a small wedding planning operation that mainly works on intimate and personal wedding services. Apart from the size of your business, an insurance company will also pay attention to your history in the wedding industry.

For example, if you have a history of hosting weddings where there is no property damage, and nobody has been injured, you’ll pay a reasonable price for your coverage. On the other hand, if your previously planned weddings have turned into disasters, then you can expect to pay quite a bit for your insurance.

Insurance is crucial for every business. It protects your business and you from unforeseen tragedies waiting to happen. At present, the average cost for wedding planner insurance ranges from $28 monthly to $432 yearly. This cost is based on location, size, sales, and experience.

Wedding Coordinator Insurance

Wedding coordinator insurance may be offered separately from wedding planner insurance, though both of these kinds of coverage amount to the same thing in most cases. Some insurance companies may use these terms to delineate different policy limits or more expensive/affordable policy premiums.

In these cases, you may end up paying less for wedding coordinator insurance because the insurance company is using this kind of coverage for smaller, more low-key events. However, the terms are also interchangeable depending on the company that you’re working with, so be sure that you do your research.

Best Wedding Planner Insurance Companies

You’ll also need to account for the insurance company that you’re going to be working with when you’re planning out weddings. Picking the right company can save you plenty of headaches, potentially getting you lower premiums, better claims responsiveness, and higher customer service quality.

However, selecting the ideal wedding planning insurance provider may not be that simple if you don’t have a lot of experience shopping for these kinds of policies. Therefore, we’re going to explore some of the top companies in the field so that you have a better idea of how they can best serve you and your needs.

R.V. Nuccio and Associates Wedding Planner Insurance

R.V. Nuccio and Associates, Inc. works with a wide range of providers, including Allianz, AIG, Nationwide, and Fireman’s Fund to provide several forms of niche insurance. The company has over 40 years of experience, making them one of the more qualified options in the niche insurance brokerage space.

R.V. Nuccio and Associates Policy Details

R.V. Nuccio combines its event planning and wedding planning policies into one. This policy contains a $1 million liability limit per occurrence and $2 million aggregate per year. It also features property insurance bundled in as well as insurance against employee forgery, theft, and destruction.

Pros:

• Quick responsiveness

• Specialized coverage

• Crime coverage

Cons:

• Not a carrier itself

Average cost: $31

Best for: Clients looking for high coverage limits

HUB International Wedding Planner Insurance

HUB International is a Canadian insurance brokerage firm that originally began in Eastern Canada but has expanded its operations across Western Canada and the United States. Since then, the company has moved its HQ to Chicago so that it can more easily work with American clients.

HUB International Policy Details

HUB International’s policy is pretty versatile, as it includes commercial general liability coverage with a maximum limit of $5 million and a $1000 deductible. The policy also comes with E&O coverage, and you’ll be covered worldwide. It even comes with coverage for unowned automobiles.

Pros:

• High liability limit

• Features E&O coverage

• Affordable

Cons:

• $1000 deductible

Average cost: $28

Best for lower budgets

Progressive Wedding Planner Insurance

Progressive has been in the insurance business since 1937 when the company first started off selling auto insurance policies. The company has remained true to its moniker by being one of the most progressive companies in the industry, being among the first to pioneer selling insurance over the internet.

Progressive Policy Details

Progressive is much like R.V. Nuccio in that it offers wedding planner insurance under the same umbrella as its event planning coverage. This coverage features general liability insurance, professional liability coverage, and a commercial auto insurance policy for any limos or other vehicles being used for the wedding.

Pros:

• Features a few different types of coverage

• Optional BOP and Workers’ Comp coverage

• Simple online quote process

Cons:

• Expensive

Average cost: $35

Best for online purchasing