What You Need to Know About Private Event Insurance in Colorado



You're finally close to finalizing all the details for your upcoming Colorado private event. But before you can truly relax and enjoy yourself, there's one more important task on your to-do list: securing private event insurance.

While it may not be the most exciting part of planning your event, getting insurance is an important step to protecting yourself and your guests in case of any accidents or injuries that may occur. 

What is Private Event Insurance?

Private event insurance is a type of liability insurance that can protect you from being held responsible for any accidents or injuries that occur at your event. It can also provide coverage for damage to property, in case of things like severe weather or vandalism.

Why You May Need Private Event Insurance?

If you're hosting a private event, chances are you've rented out a space like a banquet hall or outdoor venue. Most of these types of spaces will require you to have some form of liability insurance in order to rent from them. Even if your event is held at a private home, it's always a good idea to have insurance if something goes wrong.

What Does It Cover?

Private event insurance typically covers things like accidents, injuries, and property damage. It may also provide some coverage for cancellations or postponements due to events beyond your control, like severe weather.

Your coverage options include:

Accident and health insurance: This type of insurance can help cover medical expenses for guests who are injured at your event.

Liability insurance: Liability insurance can help protect you from being held responsible for any accidents or injuries that occur at your event. It can also provide coverage for property damage.

Cancellation and postponement insurance: This type of insurance can help reimburse you for any non-refundable deposits or expenses if your event is canceled or postponed due to events beyond your control, like severe weather.

Weather insurance: Weather insurance can help protect you from losses due to bad weather, like if your event is canceled or postponed due to a hurricane or other severe weather event.

What is Not Covered by Private Event Insurance?

Private event insurance typically doesn't cover things like lost or stolen property, intentional acts, or damage caused by alcohol. It's important to read your policy carefully so you know what is and isn't covered.

How Much Does Private Event Insurance Cost?

The cost of private event insurance varies depending on a number of factors, including the size and location of your event, the type of coverage you need, and the amount of coverage you want. Typically, policies start at around $100 and can go up to several thousand dollars.

How Do I Get It?

You can purchase private event insurance through most major insurance companies or a specialty insurer offering event insurance.

When shopping for a policy, compare quotes from several insurers to get the best rate. Also, ensure you understand what is and isn't covered by each policy before purchasing it.

Other Important Things to Know About Private Event Insurance

Most policies have a maximum limit on the amount they will pay out. This is the total amount that your insurer will pay for all claims made under your policy.

You may be required to purchase extra insurance if you're serving alcohol at your event. Some policies have a deductible, which is the amount you'll have to pay out of pocket before your insurance kicks in.

Private event insurance is typically a short-term policy that only covers a specific event. If you need coverage for multiple events or on an ongoing basis, you may want to consider a special event liability policy.

Tips to Save Money on Private Event Insurance

Shop around and compare quotes from multiple insurers.

Raise your deductible to lower your premium. Just make sure you can afford to pay the deductible if you need to file a claim.

Bundle your private event insurance with other types of insurance, like homeowners or business insurance.

Ask about discounts. Some insurers offer discounts for things like having a good credit score or insuring multiple events.

Have Questions? Compare Multiple Insurance Quotes Now

If you're ready to compare private event insurance quotes, we can help. We'll put you in touch with insurers in your area so you can compare quotes and find the best policy for your needs.