Why You Should Consider Event Insurance this Holiday Season
When planning a holiday party, most hosts are not thinking about the potential for accidents, injuries, or property damage as they choose the food and beverage menu. But, event insurance can give you the peace of mind and protection against the risks associated with hosting holiday parties, especially when alcohol is involved. Staples and Associates has more on why you should consider event insurance this holiday season.
Five Reasons Party Hosts Should Have Event Insurance
- Protects Against Alcohol-Related Accidents
If a guest consumes too much alcohol and causes an accident, or a car crash, host liability insurance can help cover the legal costs and any resulting damages. - Covers Injury Claims from Guests
Let’s say a friend at your party slips and falls, and is seriously injured. Host liability insurance can cover their medical expenses and any potential legal claims, protecting you from personal liability. - Insure Against Property Damage
We all know that accidents can happen with no ill intention. If your property or one you are renting is damaged, event insurance can cover the repair or replacement costs. Otherwise, you might have to pay out of pocket for furniture, appliances, or other damage to the space. - Alcohol Related Legal Issues
Did you know that you could be held accountable for serving a party-goer too much alcohol? If a guest’s excessive drinking causes harm to others, you may be liable. Event insurance can help cover legal fees, if needed. - Covers Unexpected Costs for Vendor Issues
If something goes wrong with a vendor, catering company, or equipment rental, and it causes financial loss, event insurance may help cover costs incurred from the mishap.
The Bottom Line: Event insurance is typically affordable compared to the financial risk of not having coverage. The policy’s cost is a small price to pay for the protection it offers against potentially large legal fees, medical bills, and property damage.
Start planning your holiday event insurance now! Contact Staples and Associates today.