Whether your special event is celebrating an accomplishment or just for fun, most events are happy occasions. If you are the host you’ll want to make sure you are covered with adequate insurance in case of an incident or accident.
If you are providing alcoholic beverages for your guests at a house party, you will want to talk with your insurance provider to see what coverage you have or may need to protect for any incident or accident that may arise. If you hire a catering company to provide bar services you want to make sure that they have all the necessary licensing and insurance coverage, and that you are protected in the event of an occurrence. Keep one thing in mind: if a minor is served, all bets are off. You need to take every precaution if there is alcohol at your event to ensure it is only served and available to those 21 years of age and older. Also, you cannot charge for liquor in any way whether that be as a drink cost, donation or flat fee. Only a caterer specifically licensed to sell alcohol can charge for drinks.
If you are planning a company event or party for your business, oftentimes business insurance policies may include Host Liquor Liability Insurance or have it available as an add on option. This is excellent coverage to have if you are hosting but remember, if minors are served you are open to suits and are in violation of the law.
Most banquet facilities require that you provide proof of insurance or, at the very least, have wording in their contracts relating to liability and responsibility for the guests and venue. Make sure you carefully read the agreements before signing and talk to your insurance agent or attorney with any questions or concerns you may have.
Beyond the liability insurances above, there are specialty insurances that can be purchased for almost anything – If a storm or fire destroys your banquet facility, there is an unexpected medical emergency, a bride or groom gets cold feet, a rain storm ruins an outdoor event or a snowstorm prohibits travel, a service provider goes out of business, the options are endless. Don’t let a good party go bad; talk to your insurance agent to make sure you are covered regardless of the event.