Insurance for College and University Special Events
Higher education institutions are often involved in hosting large gatherings and special events. While these occasions can be exciting, memorable and rewarding, they may also include significant risks and exposures. Planning, organizing and hosting these events requires substantial time and financial resources. With that in mind, colleges and universities should be familiar with special event insurance.
What Is Special Event Insurance?
As its name suggests, special event insurance provides financial protection for your school’s events. These policies can help insulate you from losses and damages arising from common incidents that may affect your plans or occur at your event. Special event insurance can be acquired for many occasions, including the following:
- Ceremonies (e.g., graduation)
- Sporting events
- Reunions
- Award presentations
- Parties
- Festivals
- Banquets
What Does Special Event Insurance Cover?
Although there may be more fun parts of planning an occasion, assessing and addressing potential issues is an essential part of preparing for your special event. When considering your insurance options, it’s generally advisable to ensure your policy includes coverage for the following:
- Type of event
- Duration of event
- Venue details (e.g., location, size)
- Estimated number of attendees
- Policy details (e.g., types of coverage, policy limits)
Get the Right Coverage
Colleges and universities are responsible for many special events that may mark some of the most significant occasions in the lives of students and their families. However, events may not always go as planned. Accidents, mistakes and even circumstances beyond your control can quickly derail things, and without adequate insurance, you may have to pay for high costs and losses out of pocket.
We’re here to help. At Bene-Marc Inc., our agents have over 40 years of experience serving hundreds of universities, schools and other clients throughout all 50 states. We will use our expertise and experience to ensure that you have optimal insurance for your special event. Contact us today to get started.
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.
