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Compare Special Event Insurance Rates
Learn more about the factors that dictate your special event insurance rates, compare top insurers, and save.
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What is special event insurance?
If a business organizes a party, fundraiser, or other event, special event insurance can provide liability coverage for the specified dates.
When do businesses need special event insurance?
If a business invites employees to an event that differs from its day-to-day operations, it could benefit from special event insurance. Certain venues may even require it. This policy can help small businesses pay for unanticipated costs related to the event, such as an injury or venue cancellation fees.
Small businesses can add special event insurance to a general liability policy. It could be one-day insurance for an event shorter than 24 hours, or insurance for an event that lasts several days. Read more about special event coverage.
This policy provides coverage for:
Sales and marketing events
Holiday parties
Networking events
Employee retreats
Dedication ceremonies
Fundraisers
Add special event coverage to your general liability policy
If you’re a small business or organization that needs special event coverage, you may be able to add it to your general liability policy.
Special event insurance is a short-term, nonrecurring policy that you pay upfront. It can be very affordable for a small business. Several factors affect policy costs, including:
Event risk
Coverage limits
Venue location and cost
Number of people attending
Whether alcohol is served
How special event insurance protects nonprofits
Nonprofits depend on fundraisers such as walkathons, bake sales, dinners, and galas. However, these events can be a huge liability, a participant could develop hypothermia and file a lawsuit, or a nonprofit might have to pay cancellation fees when bad weather forces a change of plans. Special event insurance protects your nonprofit by making sure you don’t lose money after a mishap or canceled event.
What does special event insurance cover?
This policy protects a business’s investment in an event, such as the cost of renting a venue. It also covers third-party property damage or injury up to your coverage limits.
Special event insurance provides coverage for:
Third-party bodily injury
If someone is injured at your business’s event, special event insurance coverage can help with medical expenses or legal fees if a lawsuit is filed against your business.
Third-party property damage
If an employee’s property is damaged at a company event, special event insurance can help pay for the cost of repairing or replacing the damaged item. This policy also helps cover damage that happens to a venue during an event.
If an employee’s property is damaged at a company event, special event insurance can help pay for the cost of repairing or replacing the damaged item. This policy also helps cover damage that happens to a venue during an event.
Inclement weather, scheduling problems, or other issues outside of your control could force you to cancel an event after you’ve hired a performer or booked a venue. Special event insurance can help you get reimbursed – just make sure your policy includes cancellation insurance.
Liquor liability claims
Selling or serving alcohol at a company event increases the risk of an injury or accidental property damage. Special event insurance can help cover costs when an intoxicated guest harms another person or someone else's property. To gain this protection, make sure your special event policy includes liquor liability insurance.
How much does special event insurance cost?
The median premium for one-day special event insurance, regardless of policy limits, is $165-195. Business owners pay a median premium of $225-270 for events lasting two to 10 days, and a median of $260-280 for events longer than 10 days.
How coverage limits affect insurance costs
If you want a policy with higher coverage limits, expect to pay more than you would for basic coverage.
The most popular special event policy our customers get is the $1 million / $2 million policy. This includes:
$1 million per-occurrence limit. While the policy is active, the insurer will pay up to $1 million to cover any single claim.
$2 million aggregate limit. During the policy’s lifetime, the insurer will pay up to $2 million to cover claims.