The 5 Best Event Planner Insurance Companies for 2023

Thang Truong
Thang Truong
Updated on:

As an event planner, you know how to make sure everyone has a good time. You are organized, detail-oriented and meticulous. But what if something goes terribly wrong? After all, people hire you to plan important events for them—in the case of weddings, sometimes the most important event of their lives. That’s why is something goes wrong, it’s a good idea to have event planner insurance. 

The 5 Best Providers of Event Planner Insurance

We looked at things like price, customer service, digital experience, and claims service to come up with our top choices for Event planner insurance. 

  • CoverWallet: Best for Comparing Quotes from Leading Companies
  • Hiscox: Best for Customer Service
  • Next Insurance: Best for Affordable Rates
  • Thimble: Best for Occasional Event Planners
  • RVNA: Best for Flexible Coverage

CoverWallet: Best for Comparing Quotes from Leading Companies

CoverWallet is a national digital broker specializing in small business insurance. They offer a fast and simple quoting flow to help you obtain and compare quotes from several leading small business insurance companies. If you need help during the process, you can give them a call and their customer service agent is super helpful and knowledgeable.

We got 6 quotes from CoverWallet, 2 of which are presented here, after filling in the quoting form, which takes about 5 minutes to complete.

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The other 2 quotes are from Liberty Mutual and Travelers. They are $38 and $41 respectively.

The online quotes are for general liability policy only. We called them to get another quote for a professional liability policy. The agent is very helpful and knowledgeable. He didn’t push to sell the policies, rather he tried to explain different policies and helped us understand which insurance policies we might need.

Hiscox: Best for Customer Service

Hiscox specializes in small business insurance. They have a pretty easy online quote system, and you can purchase insurance online in a matter of minutes. Or, if you don’t like the digital experience, you can call and talk to an agent. 

They also have almost no negative reviews on BBB and an A+ rating. 

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Next Insurance: Best for Affordable Rates

Next gave us a quote of $17 a month within minutes. Their online quote system is very fast, and they insure a wide variety of professions, all at reasonable rates. 

They can also get you a certificate of insurance—as many as you would like—for free, 24/7.

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Thimble: Best for Occasional Event Planners

If you only occasionally plan parties or weddings, as a hobby or a part-time job, you probably don’t want to pay a monthly insurance rate when you might not even be working that month. 

Consider Thimble. Thimble can insure you for as little as an hour, or as long as you want. 

For a one-day event, Thimble gave us this quote:

Be sure to keep in mind that Thimble insures the Event planner, not the event itself. For more information on one-day event insurance, see our article Top 4 Providers of One-Day Event Insurance

RVNA: Best for Flexible Coverage

RVNA offers flexible policies and types of insurance to meet your needs. In addition, they have a great deal of experience in the event planning niche. They serve all 50 states and work only with A+ rated carriers. 

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What is Event Planner Insurance?

There is no Event Planner insurance, per se. Rather, as an Event Planner, you’re essentially a small business and should seek small business insurance. 

There are a number of types of insurance event planners should consider. 

  • General liability insurance: This cover third-party injuries and property damage.
  • Professional Liability Insurance (or Errors and Omissions insurance): If something happens that is the result of something you did by mistake or forgot to do, errors and omissions insurance protects you. 
  • Commercial Auto: If you use your car for business purposes, you should have commercial auto insurance/
  • Workers’ Compensation Insurance: If you have even one employee, some states require you to have workers’ compensation insurance.
  • Cyber Liability Insurance: All the records you keep on your computer could be subject to viruses or hacking. This protects you from financial loss if you lose your records or if your customers sensitive information is compromised. 
  • Crime: If you have any employees who steal from vendors or customers, this will protect you. 

>>MORE: Event Insurance: Coverage, Cost, and Best 5 Providers

Who Needs Event Planner Insurance?

Just one lawsuit can probably bankrupt your business, so anyone who makes a living planning events for other people should protect themselves. So many things can go wrong, and emotions are high when it comes to events such as weddings and baby showers. 

What doesn’t Event Planner Insurance Cover?

Depending on the carrier, certain events are excluded, such as:

  • Events involving firearms
  • Child care 
  • Drinking games
  • Fireworks, pyrotechnics, etc. 
  • Trampolines
  • Sporting events such as boxing, martial arts or rock climbing.

How Much does Event Planner Insurance Cost?

Based on the 5 providers we cover below, the cost can range from $20 a day for both general liability and professional liability coverage, to $30 a month or up to $500 a year for general liability insurance only. Shopping around to get the best quotes and studying the policies carefully to fully understand what is included and what is not are critically important for event planners to have proper coverage.

If you choose to add other types of coverage, you may spend more. 

>>MORE: The Cheapest Event Insurance Companies

What Benefits should I Consider When Purchasing Event Planner Insurance?

When purchasing insurance, you should weigh how much insurance you need, the deductible, and how much you can afford to pay. The more scenarios you insure for, the higher the cost will be. 

On the other hand, a higher deductible will result in a lower monthly cost. 

You need to figure out how much insurance you need vs. how much insurance you can afford. Generally, if you can only afford one type of insurance, you should get a general liability policy. 

Last Thoughts

If you work as an event planner, you are organized and have great attention to detail. Don’t overlook protecting your business in your zeal to plan the perfect event. Event planner insurance is inexpensive when you take into account how much it protects you and your business from financial losses.

>>MORE: Explore our other articles about different types of event insurance:

Thang Truong
Thang Truong

Thang Truong covers small business insurance and small business success at BravoPolicy. He is a licensed P&C insurance agent. Previously, he held product leadership positions at, Capital One, NerdWallet, and Mulberry Technology. He holds a MBA degree from UC Berkeley - Haas School of Business.

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