There are a number of insurance companies that offer single day event insurance. Quotes are available on their websites or can be attained by calling them at their customer service telephone numbers. Most of the cost of this insurance is based on your past insurance history with these types of events, on whether you're an individual or a company, on the type of insurance, on what type of event it is and on how many people will be attending it.
- As with any other type of insurance, past insurance history is taken into account when figuring out how much insurance for a one day event is going to cost. If you have never thrown a special event before or have a bad insurance history involving one day events, then your quote will be significantly higher than if you have done this before or have a good history. If your history is too bad, many insurance companies won't even cover you and some won't cover you if you don't have any experience. A similar discrepancy will occur when it comes down to whether you are the individual putting on the event or a company is putting on the event, because in the insurance company's eyes, a company has less liability then an individual.
- The type of event you are putting on also greatly affects how much it will cost to insure a one day event. If this is an event that involves food, then the liability comes down to the food possibly poisoning people and potential medical bills or lawsuits. If the event entails alcohol consumption at all, a whole new set of liability costs are incurred for people potentially driving while intoxicated or simply drinking too much. If the one day event is a rock concert, then there is the safety liability of rigging the stage and lights, along with the possibility of the band and people at the show getting hurt during the show. Establishing exactly what will happen at the event itself will make it much easier for the insurance companies you are shopping for quotes from to give you an accurate one.
- The number of people involved plays a big part in establishing how much insurance you will need for your one day event. Will you be covering possible medical expenses incurred by each of the people at your event or just covering yourself for general negligence with the organization of the event which could lead to a claim of some kind? The more you spend on your one day event premium the more coverage each person at your event will be provided in case something happens. This all comes down to what kind of protection you want to offer your event's participants and how likely you think it is that a legitimate claim will be filed.
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