How Much Is Event Insurance: A Brief Overview

Planning a special event is an exciting endeavor, whether it’s a wedding, birthday party, or a family reunion.

But, have you ever wondered about the importance of event insurance?

an image illustration of How Much Is Event Insurance: A Brief Overview
How Much Is Event Insurance: A Brief Overview

In this article, we’ll break down the key aspects of event insurance, exploring how much it costs, what it covers, and essential tips for securing the right coverage for your celebration.

Understanding Event Insurance Basics

Event insurance is like a safety net for your party, guarding against unforeseen problems that could dampen the mood.

It’s not just for weddings; you can get coverage for various events like birthdays, family reunions, and religious gatherings.

Two Main Types of Coverage

  1. Event Liability Coverage:
    • Protects against accidental injuries and property damage during the event.
    • Examples include covering medical bills if a guest gets injured or repairing damage caused by hired professionals.
  2. Event Cancellation Coverage:
    • Reimburses non-refundable deposits and fees in case you need to cancel or postpone due to covered issues like severe weather or military deployment.

Specialized Wedding Insurance

If you’re walking down the aisle, consider wedding insurance, a specialized type of event insurance tailored to the unique needs of weddings.

Diving Deeper into Event Liability Coverage

Event liability coverage is crucial, especially if you’ve rented a venue.

It covers mishaps like slips, falls, or property damage. Here’s what you need to know:

  • Host Liquor Liability Coverage: Some venues may require this for alcohol-related accidents.
  • Coverage Limits: When purchasing, you’ll choose coverage amounts, expressed as two numbers like $1,000,000/$2,000,000.
    • The first number is the most your insurer pays for a single claim.
    • The second number is the maximum for multiple claims, such as injuries to several guests.

Unpacking Event Cancellation Coverage

Event cancellation coverage steps in when unexpected issues force you to reschedule or cancel.

It’s a financial safeguard for non-refundable costs, including:

  • Down payments for vendors (catering, flowers, entertainment, photography).
  • Professional counseling if the cancellation causes distress.
  • Costs for special attire, gifts, or jewelry.

What’s a COI for Events?

A Certificate of Insurance (COI) is a document proving you have insurance.

It includes essential information like your name, contact details, insurance company, policy’s effective date, coverage types and limits, and expected attendance.

Covered and Not Covered Events

Here’s a quick look at the types of events typically covered and those that aren’t:

Covered Events Not Covered Events
Weddings Aircraft events
Birthday parties Bachelorette parties
Family reunions Sporting events
Graduation parties Haunted houses
Religious gatherings Political events

Breaking Down the Costs

So, how much does event insurance cost?

On average, it’s around $146 for a private single-day event with 50 to 100 guests, serving alcohol, and $1 million in liability insurance.

The actual cost depends on various factors, including:

  • Number of attendees
  • Event duration
  • Location (indoors or outdoors)
  • Type of venue
  • Risks involved
  • Alcohol service
  • Coverage types and limits

Tips for Buying Event Insurance

Before diving into insurance, consider your event type and existing insurance policies.

Check your homeowners or renters insurance for potential coverage. If there are gaps, event insurance can bridge them.

  1. Purchase on Time: Some insurers require up to two weeks before the policy is effective. If you want event cancellation coverage, add it within a reasonable timeframe.
  2. Compare Quotes: Get quotes from different companies, ensuring you provide the same event details for accurate comparisons.

Choosing the Best Event Insurance

We scored event insurance companies based on:

  • Cost (50%): Evaluated pricing for a private one-day event with 50 to 100 guests and alcohol served.
  • Event Cancellation (20%): Checked if this coverage is offered.
  • Online Services (10%): Points for purchasing online and downloading policy documents.
  • Next Day Coverage (10%): Points for purchasing a policy for an event the following day.
  • Liquor Liability Coverage (10%): Points for including liquor liability coverage.


When it comes to your next event, consider the question, “How much is event insurance?” – because the answer might just be the key to a worry-free celebration.


Q: What is event insurance?

A: It’s protection for your party against unexpected issues like injuries, property damage, or weather problems.

Q: What does event liability coverage include?

A: It pays for accidental injuries and property damage, covering medical bills and repairs.

Q: What is event cancellation coverage for?

A: It reimburses non-refundable deposits and fees if you need to cancel due to covered issues.

Q: Is there special insurance for weddings?

A: Yes, wedding insurance is a specialized type tailored to the unique needs of weddings.


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