With everything going on, hosting an intimate backyard wedding may be the best decision! If you’re interested in hosting an event at your home, we’ve explained the insurance implications you need to be aware of.
Backyard weddings are a great option to make your day more intimate, meaningful, and help save money on a venue. Just because it is at home doesn’t mean there aren’t things to prepare for!
Does your home insurance cover your upcoming event? Are there other ways to make sure you are protected? We’ve got all the answers you need to help navigate a backyard wedding or event this summer.
Acquiring a special event insurance policy.
When hosting a large event at your home, it’s imperative that you speak with your insurance broker to understand the level of protection you require. Furthermore, it’s important you are aware of what your current home insurance policy covers, but in addition, your Youngs Insurance Broker will assist you in getting a special event insurance policy for your backyard wedding.
This additional insurance coverage offers protection to whoever is hosting the event from any lawsuits arising from such event (be it single or multi-day) with or without the service of alcohol.
Extra coverage & details you need to know.
Typically, when you purchase a special event insurance policy you have the option of selecting liability limits from $1,000,000 to $5,000,000 with deductibles from $1,000. This policy coverage includes commercial general liability, third party property damage/bodily injury, medical payment, non-owned auto, food, and beverage product coverage, cross liability, employees/volunteers as additional insured, and tenant's legal liability ($500,000+).
Your insurance broker will be able to explain everything to you while outlining the optional coverages available to you. For example, you may want coverage for any rented equipment, cancellations (non-pandemic related), cake, flowers, gifts, and wedding guests. Also, while you’re at it, it’s a great time to consider insuring your wedding ring investment! Something to note, in Ontario, if you’re serving alcohol, you must also apply for a Special Occasion Permit (SOP).
Understanding the timeline.
Another important reminder is to ensure you are dealing with these insurance policies and permits well in advance of your backyard wedding or event. Often times you need to have this coordinated upwards of 60-90 days before your event.