Party Insurance… Do I need that???
Let’s say your new husband’s cousin’s nephew decides to take full advantage of the bar you generously provide your guests and somehow ends up parking his Sunfire in the entry way of your venue!! Are you responsible for those costs or is the nephew? Technically because you rented the venue this becomes your responsibility and you will be required to pay for the repairs. Now, being newlyweds and having just paid for a wedding it may be hard to come up with the funds to do this, so what other options might you have? PARTY INSURANCE!! This is so vital. It may sound incredibly far-fetched and you might be saying ‘as if this could happen’ but these things do happen and more often than you think.
Party Insurance or PAL (Party Alcohol Liability) is very easy to acquire and is relatively inexpensive. This form of insurance is designed for reception type events being held in a rented facility. You will be required to have a liquor license as well. You can get coverage from $1,000,000.00 to $5,000,000.00 with as low as a $500.00 deductible (a far cry from what those entry way repairs are going to cost you).
Another option you may want to look into is WEDDINGGUARD provided by PAL Insurance Brokers Canada Ltd. (www.palcanada.com). Designed specifically for weddings it will provide coverage for everything from liquor liability, honeymoon cancellation, bridal attire and wedding cake and flowers plus much more. Packages range anywhere from $200.00 to $900.00. Pretty affordable considering how much the average wedding costs.
So, do you need party insurance? YES, YES, YES!!! Protect yourselves, your family, and your guests from the husband’s cousin’s dreaded nephew!!!