What should be included in an event’s insurance coverage?

Including general liability and property damage coverage in an event's insurance is crucial for various reasons. General liability insurance protects against claims of bodily injury or property damage that could happen during the event. For instance, if a guest trips and injures themselves or damages the venue, this coverage helps manage and mitigate the financial risk associated with those incidents.

Property damage coverage ensures that any damage to the venue or equipment owned by the event planners or rented specifically for the event is compensated, thus safeguarding your investment. This is particularly important for events involving high-value productions, where the potential for accidental damages is higher.

While health insurance for staff, travel insurance for participants, and insurance for equipment rental can be important in certain contexts, they do not provide the essential coverage needed to protect against the most common liabilities faced during events. General liability and property damage coverage serves as the backbone of risk management for event planners, ensuring that unexpected incidents can be handled without devastating financial consequences.