Types of Event Insurance

There are several types of event insurance available in Minnesota, each designed to cover different aspects and risks associated with events. The primary types include:

• General Liability Insurance: Covers bodily injuries or property damage that occur during the event.
• Cancellation Insurance: Provides coverage if the event must be cancelled or postponed due to unforeseen circumstances such as severe weather or a venue issue.
• Liquor Liability Insurance: Essential for events where alcohol is served, covering liabilities related to alcohol consumption.
• Property Insurance: Protects against damage or loss of property associated with the event, including equipment and decor.

Why You Need Event Insurance in Minnesota

Minnesota, with its diverse climate and vibrant event scene, presents unique challenges that make event insurance indispensable. Here are key reasons to secure event insurance:

• Risk Mitigation: No matter how meticulously you plan, unforeseen incidents can occur. Event insurance mitigates financial risks, allowing you to focus on your event.
• Peace of Mind: Knowing that you’re protected against potential losses ensures peace of mind for both organizers and attendees.
• Compliance: Many venues in Minnesota require proof of insurance before allowing use of their facilities.

How to Choose the Best Event Insurance

Choosing the best event insurance in Minnesota involves evaluating your specific needs and understanding the terms of coverage. Here are some pointers:

• Assess Potential Risks: Identify and assess all potential risks associated with your event. This insight helps tailor the coverage to your specific needs.
• Compare Providers: Research and compare different insurance providers. Look for those with strong reputations and favorable reviews.
• Understand Policies: Thoroughly read through policy documents to ensure clarity on coverage details, exclusions, deductibles, and claim procedures.
• Consult Experts: Work with an insurance broker or agent who specializes in event insurance. Their expertise can guide you to the most suitable and cost-effective coverage options.

How to Purchase Event Insurance in Minnesota

Before securing a policy, be sure to ask your venue for their event insurance requirements. Doing so could save you hours of additional work.

Purchasing event insurance is a straightforward process with many insurers now providing online purchase options. Insurers that allow for online purchases include: Markel, GatherGuard, Allstate, SpecialInsurance.com, and State Farm.

Our Top Picks

GatherGuard

Starting at $75
Damage to rented premise limit: $250,000
Medical expense limit: Not included
Waiver of Subrogation Endorsement: No
Primary Noncontributory Endorsement: No
Deductible: $1,000
Terrorism Coverage: Included
Cannabis Coverage: Not possible
Free quote feature available

Specialinsurance.com

Starting at $160
Damage to rented premise limit: $300,000
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
Deductible: None
Terrorism Coverage: Can be added for an additional charge
Cannabis Coverage: Can be added for an additional charge
Free quote feature available
Coverage can extend beyond midnight depending on state liquor laws, in which case only 1 day of coverage is required