When your business organizes a special event, you commit to a significant investment in resources – time, money, and energy. You also face liabilities that are specific to the event you’re organizing, such as potential for injuries, property damage, and unexpected event cancellation.
It’s prudent for any business to consider special coverage since there are risks specific to events that may not be covered by a standard liability or property insurance policy.
Special events insurance provides liability protection for activities that are not included under a general liability policy. Event cancellation insurance provides coverage for loss income due to terrorism, facility fire, inclement weather, power loss, strikes and governmental upheaval. Coverage is also available for virtual events.
Nearly any type of event can be covered with special events insurance, including private, semi-private and public events. If your company is hosting an event, talk to your insurance broker about how best to protect yourself.
At Lyceum, our insurance experts will help you identify your risks and exposures and design a policy from top-rated insurance providers that will wisely protect your investment.
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