How to Insure Your Business During Summer Events and Festivals

Summer events and festivals bring opportunities for businesses, whether you are a vendor or an organizer. The energy and foot traffic of such environments can be abundant, but so may be the risks. Standard business insurance policies may not cover everything that happens at a special event, so planning ahead with the right coverage can make a significant difference.

Understanding the Coverage Gaps

Most business owners policies (BOPs) are written around a fixed location. When your operations move to a fairground, park or public street, coverage gaps can appear quickly. Temporary structures, borrowed equipment and high-volume crowds create exposures that your everyday policies may not address.

Key Coverage Types to Consider

These are the main coverage areas worth reviewing before your next event:

• General liability insurance—May help cover bodily injury and property damage claims arising from your operations at the event
• Inland marine insurance—Financially protects equipment and inventory in transit or at a temporary location
• Workers’ compensation insurance—May be required if you have employees working the event, even for a single day
• Special event insurance—A type of policy often designed for one-time or seasonal events, covering cancellation, vendor liability and more
• Liquor liability insurance—May be needed if alcohol is served or sold at your event

What to Discuss With Your Agent

Bring documentation of the event venue, expected attendance and your planned activities. Your agent can review your current insurance and recommend endorsements or additional policies to help address any gaps. Coverage requirements can also vary based on contracts with event organizers, vendors, venues and local permits.

Get Covered in Advance

Waiting until the week before an event leaves little time to address coverage needs. Starting the conversation early gives you options. Contact Best Deal Insurance Agency to review your business insurance before your next summer event.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.