5 Basic Event Coverage Insurances to Consider:

We received a note from Elizabeth Wingate Wightman at SteelBridge Insurance services about some basics regarding Festival Insurance and thought we’d pass along the highlights.  For much of the bluegrass world, this is a quite time and therefore a good time to plan ahead.  To read the full article posted on SteelBridge’s website, click the link at the bottom of this article.  Thanks for the reminder Elizabeth.

Five Basic Event Coverage Policies to Consider:

1)      General Liability Coverage:  This is the obvious one and the most common type of coverage that festival and event producers purchase. 
2)      Property Coverage:  This one is often either ignored or overlooked…  If you own property or you rent or lease property from others you might want to consider purchasing Property Insurance.

3)      Volunteer Accident Coverage:  The coverage in the General Liability policy is often limited for volunteers and most producers do not purchase Workers Comp for volunteers so this can be a tricky area. 
4)      Weather Insurance:  Is your event outside?  If your festival or event gets a significant amount of its income from gate receipts and you think that those receipts could decline if the weather is bad then you might want to explore Weather Insurance. 
5)      Event Cancellation:  Who’s playing at your event?  Is it a big name?  Is it someone who has cancelled before?  Are there any aspects of the venue, town or time of year that might cause you to cancel your event? 
These are the down and dirty elements of Festival and Event Insurance but by no means a comprehensive list.  Considering these should help put you on the right track to purchasing the coverage that is best for your event.  For more details you can check out our other blog posts, our free guides page, or give us a call or your current broker a call
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