Planning a big event takes a great deal of time and effort, along with a sizeable investment in many cases. And while you may have created contingency plans for various risks that could threaten the event as a whole, you can never completely eliminate risk.  

But what types of risks can impact your event? Most of the risk you have to worry about involves event postponement, cancellation or various other ways in which you might lose money.  

When you plan an event, you will likely need to put down deposits (which are often non-refundable) for the venue and for vendors you bring in. If you need to postpone or even cancel the event, you may be out that money you already put down. There are various reasons for postponing or cancelling, such as a severe illness or death in the family, inclement weather, a fire at the venue, vendors going out of business and plenty of other reasons.  

Other risks may include the following (but are not limited to): 

• A guest damages the venue’s property, whether intentional or accidental 
• Guests’ cars are damaged while in valet possession 
• Guests get sick from a vendor’s food 
• A drunken guest starts a fight with another guest or event staff 

If the worst should happen, it’s crucial to have protection in place to protect your investment in the event. Fortunately, you can get that protection with special event insurance. Your independent insurance agent can help you customize a policy to ensure that your unique event is covered from a variety of potential risks.