Which type of insurance is typically required for large events?

Liability insurance is essential for large events because it protects event organizers from legal claims resulting from bodily injury or property damage that may occur during the event. Large gatherings often involve numerous attendees, increasing the likelihood of accidents, incidents, or unforeseen circumstances that could lead to lawsuits. This insurance covers legal fees and damages awarded to third parties, helping to safeguard the financial stability of the event organizers.

Property insurance, while important, primarily protects physical assets and does not cover claims made by attendees or other parties for damages or injury. Health insurance is typically the responsibility of individuals or employees, not event organizers. Event cancellation insurance provides coverage for specific situations that might cause the event to be canceled, but it does not address liability issues associated with holding the event itself. Thus, liability insurance stands out as a critical requirement for the protection of both the organizers and the public during large events.