As a wedding planner, even if you not planning a royal wedding, it’s still challenging
to pull together all the details of a bride and groom’s special day. Coordinating
all the moving pieces of an amazing wedding takes a lot of hard work, attention
to detail, and dedication. While planning a wedding can be glamorous and fun, it’s
not without stress. Your client’s depend upon you to orchestrate a wedding that
comes off without a hitch. In most cases, that’s exactly what happens. But sometimes,
even with the most diligent preparation, mishaps happen. That’s why it’s important
to have wedding planner insurance.
Let’s take a look at the most appropriate business insurance for wedding planners.
General liability wedding planner insurance protects you and your business when
mishaps, unforeseen accidents, or other unexpected situations occur before or during
the wedding. General liability insurance protects you, the wedding planner, against
financial loss, while also affording protection to your bride and groom.
- Premises liability.When the bride and groom visit your office or retaillocation, you can have peace of mind that you are covered should an accident ofbodily injury occur on your premises. In the event that your property gets damagedor client medical costs are incurred due to an injury, rest assured that you’reprotected with the premises liability component of your general liability insurancepolicy.
- Product liability.Do you sell products, such as wedding invitations, centerpieces,or wedding party gifts as part of your wedding planning business? If so, you shouldconsider products liability insurance that provides financial protection — includinglegal defense costs — should a product cause harm or injury from its use. Evenmore important if you are the manufacturer of these products.
- Completed operations. In the event that one of clients decides after youcompleted planning their wedding that your services caused them suffering, pain,or damages, completed operations insurance can provide payment for judgments, repair,settlements, medical costs, and legal defenses.
If you use a car, truck or van in your wedding planning business, then commercial
auto insurance provides you with monetary protection in case of an accident. It
not only covers the physical property damage to the vehicles involved in an accident,
but can pay medical expenses for physical injuries sustained in the accident. Business
auto insurance also pays for losses due to theft. You’re also covered should you
rent or lease a vehicle to haul materials for the wedding, even if you don’t own
the vehicle. Similarly, if your employees use their own vehicles in helping you
plan a client’s wedding, non-owned automobile insurance can provide coverage for
third party bodily injury and property damage.
Workers’ compensation is an important wedding planner insurance if you have employees
working for you in your wedding planning business. Although individual states have
varied requirements, workers’ compensation insurance is mandated by law. In essence,
workers’ compensation provides your employees with coverage against occupational
illnesses and work-related accidents. For example, if a worker falls from a ladder
while putting up wedding decorations, workers’ compensation insurance would provide
coverage for medical and rehabilitation expenses, as well as lost wages while your
employee is recovering from the fall.
Wedding Planner Business Owners Policy
Whether you wedding planning business is a startup or a long-standing business,
it’s vital to protect not only your business assets, but your own personal assets
as well. A business owner policy, referred to as BOP for short, can be customized
to meet the unique needs of your wedding planner business. However, wedding planners
typically construct a business owners policy insurance that includes business interruption
insurance, liability insurance, and crime insurance, just to name a few. For example,
should a bride sue you for allegations of negligence in planning her special day,
awarded damages and litigation costs would be covered under a business owners policy.
If your other wedding planning insurance policies have maximum limitations on claims
or have certain exclusions, your commercial umbrella insurance policy can pick up
coverage where your primary policies leave off. This type of policy is meant to
provide extra or supplemental coverage, and many wedding planners find that it gives
them the extra peace of mind that you want.
You’ve spent months — or perhaps years — planning the once-in-a-lifetime day for
your blushing bride and proud groom, and your clients rely on your expertise and
skill to plan their perfect day. You’ve put a lot of hard work, time, and effort
in planning each and every wedding — and take great pride in this fact. So make
sure you’re fully protected with wedding planner insurance.