During this episode we focus on wedding insurance. Don’t worry, this is not one of those sessions where you’ll have to stifle a yawn.
Listen in and get the need-to-know stuff only, so that you, the wedding planner, can help your clients decide whether or not they need wedding insurance for their big day and also an overview of what types of business insurance is available for your wedding planning business.
Wedding Insurance Terms you Need to Know:
Wedding Insurance for your Wedding Clients
There are two (2) types of wedding insurance available for couples getting married:
Wedding Liability – covers property (i.e. the wedding venue) damage and personal injury (e.g. a guest who suffers from food poisoning from food served at the wedding reception. Yikes!). For legal information on personal damages and other medical coverage speak to the philadelphia wrongful death lawyer right away.
Wedding Cancellation Insurance reimburses any non-refundable deposits paid by your clients if their wedding is canceled or postponed.
This type of wedding insurance also kicks in if the wedding takes place, but a loss — that’s covered by the insurance policy — occurs. For example the photographer is a no-show and your clients need to pay premium rates for a last-minute replacement photographer.
Keep in mind that in most instances, wedding cancellation insurance will not cover claims for a wedding that is canceled because one of your clients gets cold feet.
Here are a few providers of wedding insurance for your clients: WedSafe; ProtectMyWedding.com,
Wedding Insurance for Wedding Planner
Although there are several types of business insurance for your wedding business, there are two (2) types of coverage that generate the most questions:
1. General Liability – covers you from claims of bodily injury or property damage.
2. Professional Liability or Errors and Omissions – covers you if your clients decide that you failed to provide your professional services, adequately. Or, perhaps a misprint on one of your professional documents leads to an undesired result or misunderstanding. Think of this type of insurance as intellectual damage.
Additionally, know that a Business Owner’s Policy is a bundle of insurance products created to suit your wedding business needs.
ALSO MENTIONED IN THIS EPISODE
Day of Wedding Business Wedding Business Guide – a comprehensive guide to starting your own wedding day management company…without quitting your day job. Learn more here.
TryFreedomVoice.com offers an affordable and professional way to respond to incoming calls for your wedding planning business. Learn more about the 30-day free trial of FreedomVoice, here.
The Hartford provides general and professional liability coverage for your wedding planning business. Learn more about business insurance coverage from The Hartford, here.
More Talk about Wedding Insurance – Listen to another Confetti episode (#219) about insurance and weddings, here.
EventProTraining.com provides several on-demand video tutorials that teach you how to create stunning wedding design elements for weddings. Contact the owner, Wendy Binns (her number is on the website) to get the Confetti Radio discount on the all-access membership level. Check out EventProTraining.com, here.
How do you get the insurance for wedding planners??
Hi Jennifer, check with the Hartford (the link is in the article) for wedding planner’s insurance. There are others, but, this is the company I use and am familiar with.