When you purchase your policy, you have the option of insuring your property either at the replacement value or the current cash value.īusiness Owner's Policies: Business owners policies (BOPs) offer your event planning business comprehensive coverage at an affordable rate by bundling commercial general liability, business property and business income coverages together together.Ĭommercial Auto Insurance: If you use a car, truck or van in your event planning business, then commercial vehicle insurance provides you with monetary protection in case of an accident. Professional liability covers yourself and your employees from actual or alleged negligence, failure to perform, inaccuracy, bad advice and other common risks faced by planning, events and organization professionals.īusiness Property Insurance: This will cover you financially if your office and/or its contents were destroyed or damaged by a fire, theft or vandalism. If you are a full-time or part-time professional in the events, planning & organization space, expectations can be very high and attention to detail is critical. Professional Liability Insurance: Also know as errors and omissions insurance (E&O). If liquor is going to be served, you will pay an additional premium to get liquor liability. When applying for this coverage, you need to provide details about the event, its date, location, and the number of people expected. lawyer fees, court costs, etc.) and this is very important to note as many lawsuits alleging responsibility for bodily injury, property damage or personal injury are frivolous in nature.
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