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You’re here because you’ve realized you need event insurance and have questions. . This guide will walk you through everything you need to know: Why you need event insurance. The different types of event insurance. The cost of event insurance. And even obtaining a certificate of insurance for the event. .
For this reason, you must be careful when selecting a caterer, this is a high-ticket item. There are so many different styles and types of caterers, you might be shooting yourself in the foot later by choosing some caterer that will not deliver what needs to be delivered on wedding day. Do you want a plated dinner?
Event insurance is necessary to shield hosts, planners, and venues from the financial losses resulting from these unforeseen circumstances. In this post, we’ll take a deeper look into the intricacies of event insurance, the key benefits, and recent advancements. Get started today!
Enter event insurance, which acts as a safety net to protect both your clients and your business. This article explores the different types of event insurance available, helping you understand how each policy can safeguard your clients and foster a secure environment for your business to thrive. Learn more today!
While exceptional service and stunning spaces continue to be essential to setting your business apart, there’s one often-overlooked factor that can give you a significant edge: event insurance. It demonstrates proactive risk management By offering or requiring event insurance, you showcase your commitment to risk management.
Are you currently planning an event but are not sure about whether you should get event insurance? Without further ado, let us begin with the basics: what is event insurance? What is Event Insurance? Event insurance is an umbrella term covering all kinds of insurance that provides liability coverage for an event.
Why Every Couple Should Consider Wedding Insurance Planning a wedding involves considerable financial and emotional investment. This is where wedding insurance becomes invaluable. Understanding the benefits and importance of wedding insurance can help couples make informed decisions to protect their big day.
Sales (registrations, exhibitors, sponsors, donors) Marketing (web site, social media, email, blogging) Catering / food-and-beverage preparation Talent booking and coordination (keynote speakers, entertainment, etc.) This goes from your keynote speakers and presenters to your check-in staff, catering staff, production crew and security team.
Erins eyes sparkled as she listened to Amiyr talk about real estate debt, while Amiyr lovingly gazed as Erin explained the underpinnings of business insurance. Instead they ended up at a downtown LA bar called La Cita, where they began to fall for each other over cheap tequila and Corona. Permalink | Comments | Add to del.icio.us
Say I’m a restaurant and catering company. I have 10 employees with compensation under $100K, and when I total up their salary, commissions, tips, paid leave, health insurance premiums, retirement benefits and state/local taxes over the last 12 months, I arrive at $500,000. Here’s an example of how this would be applied….
Choosing the right caterer for your wedding is a crucial step in the wedding planning process. Some venues have their own in house caterer, but other venues, particularly raw spaces, allow you to bring in your own caterer. So hiring a caterer who not only serves delicious food, but who also understands your expectations is key.
To hone in on the type of venue you want to create, consider what type of crowd you want to cater to and the type of events you wish to host. For instance, do you intend to cater to a corporate crowd for off-site meetings and workshops ? Begin by researching costs in your area, including rent, utilities, insurance, and permits.
Pinpoint your target clientele to take it a step further – are you catering to luxury weddings and receptions, or budget-conscious banquets? You will need to determine the initial capital needed to cover startup costs, including office or event space, equipment, marketing, and insurance. Or a charming town with intimate ceremonies?
Services and Amenities Source: Peerspace What are the catering options? Key questions to ask include: Is catering provided in-house, or can we bring an external vendor? Do you require event insurance coverage from us? These hosts may offer their spaces for a fraction of what traditional event venues would. be accommodated?
Also, if you offer full catering services, you may want to consider offering off-premise catering to maximize revenue from your full-service kitchen (but remember that this comes with its own costs and challenges like maintaining a full-time kitchen staff, marketing, delivery, etc.). #7
Some of the critical elements you should include in your budget are: Venue: both the rental cost and required insurance. Catering: all costs related to food and beverage Decoration: pretty self-explanatory Entertainment: speakers, talents, performers, exhibitors, and so on. For virtual events, you can skip this.
In fact, we often approach it much like we do insurance. And the risk of getting it wrong is exponentially greater than choosing the wrong caterer or not having enough chairs. We know we need it but tend not to invest enough in it, and if disaster strikes we find ourselves woefully lacking and unprepared.
The space must include room for presentation stages, catering stations, and networking zones. They also need multiple breakout rooms to display category-specific content and high-end catering facilities. Capacity requirements The venue should fit your expected number of attendees comfortably – not too tight or too empty.
Is there on-site catering? Fees for catering? If using an outside caterer, consider where they will have space to prep and how they’ll bring the food to guests still hot and fresh. Do I need insurance? If the venue isn’t accustomed to throwing parties, they probably don’t have the correct liability insurance.
Outdoor Events and weddings : No more than 50 guests Other Event and Wedding restrictions : Must maintain social distancing rules and caterer must follow all food restrictions , which differ by county. Outdoor Events and weddings : Limited to 50 people, unless you have a licensed caterer. In this case, you can have up to 50 guests.
On top of that, there’s a special Peerspace Host insurance policy to give you added peace of mind. The policy offers $1 million in liability insurance for hosts. If you can offer up some special services, like a list of preferred vendors, on-site catering, A/V equipment, and furniture, you can attract more renters.
Our template includes common categories like venue, catering, photography, attire, decor, and wedding flowers. Tip: Include additional categories for insurance, hotel accommodations, or honeymoon expenses. Categorize expenses Next, divide your total budget into specific categories.
They knew the logistics of the catering to the banquet hall, like how close it needed to be. The biggest mistake I made at the beginning was letting any caterer or food provider come in, which did lose me some bookings,” Andrea confesses. “It Let the caterers serve the liquor if you don’t have a license.
Look into permits and insurance Supply the beverage accouterments Looking for BYOB wedding venues ? A lot of venues require that you contract with a caterer, usually an in-house crew or a trusted external vendor. Insurance for a private, single-day event can range from $100 to several hundred dollars. Just ask the host.
Estimate your budget while considering high-level expense elements, including: Venue cost (for an in-person or hybrid event) Virtual event platform ( for a virtual event ) Catering Staff and volunteers Talent fees (for speakers, presenters, etc.) Take into account the different sponsorship packages and values. 5th Phase: D-day.
It saves you the hassle of negotiating with your host or dealing with surprise fees or insurance policies. Talk to them about adding catering services, A/V gear, camera equipment, or furniture rentals to your booking. Plus, you’ll have access to additional amenities as an add-on from your host.
A virtual-physical event tackles this issue, allowing event organizers to cater to both live and virtual attendees. Cons: Typically more expensive to organize due to the substantial venue rental and related costs (catering, insurance, etc.) Step 3: Planning your virtual-physical event. Keynote session? Music festival?
Between our platform that offers you access to any type of event venue by the hour and our local hosts, who can assist with event-planning extras like catering and equipment, Peerspace makes it easy to throw incredible events. For example, if you require catering for your event, it’s taken care of when you rent.
You may be on the hunt for a cozy home to host a baby or bridal shower and want an on-site kitchen that your caterer can use. If you work in the food industry, then you may be aware of commercial or industrial kitchens in your area that are available for caterers and private chefs to rent.
If necessary, purchase event insurance (or specific weather insurance) that will protect you in case the event gets canceled or postponed due to weather. The insurance can help you in refunding purchased tickets, among other potential issues. Plan for extreme weather. Establish Your Event Budget As Early as Possible.
Recognize who your event caters to. Ensure adequate insurance. Focus on venue, catering, and logistics From the venue’s ambiance to the catering items, each aspect needs careful planning and meticulous execution. Ensure pick-ups, drop-offs, and any transit requirements are catered for. Understand your audience.
Whether you can serve alcohol, accessibility concerns, whether you’ll need to get additional insurance, can you bring your own catering, etc. catering) and secure the details. Catering (food and beverages). Finalize your catering after carefully researching and interviewing different vendors. License/permit.
CATERING Some venues offer catering services or are serviced exclusively by a catering company while others allow you to bring in outside catering vendors. If you can have a catering company, you should do a tasting beforehand and it will cost anywhere from $150.00-$250.00 Contact us today to learn more.
It’s obviously (much) more expensive to host a live event than a virtual event, mainly due to venue rental costs and other related costs like catering and insurance, which can be significant. This one is pretty straightforward. What about hybrid events? more than one hour), since it’s easier to maintain engagement.
to pass along to you and/or the venue Reviewing order lists with rental companies, florists, caterers, etc. Will you collect, organize, and distribute important information such as vendor insurance info, vendor balances & due dates, vendor meal requirements, etc? decor extending beyond table numbers & candle votives, etc.)
The venue has a list of approved caterers who offer a variety of menu options, including hors d'oeuvres, buffet-style meals, and plated dinners. You can trust their caterers to provide you and your guests with a memorable culinary experience. You can rent the property on Fridays and Saturdays.
Consider it an insurance policy on all the other money you’ll spend! If your space does not have a large enough kitchen, the catering staff will need their own tent. Instead, hire professionals to handle all time-sensitive elements like chilling and serving beverages, directing parking, setting tables, and directing the caterer.
In fact, we often approach it much like we do insurance. And the risk of getting it wrong is exponentially greater than choosing the wrong caterer or not having enough chairs. We know we need it but tend not to invest enough in it, and if disaster strikes we find ourselves woefully lacking and unprepared.
Whereas many resorts include catering, tables, chairs, linens, and glassware. Sonoma and Napa Wedding venues range from $12,000 - $30,000 with the majority falling around $15,000 just for the site fee (no catering, tables, chairs, etc. Catering is another cost that can vary depending on many factors.
catering.) Can you bring in outside catering (and if there’s an extra charge for doing so)? Or must you stick with the in-house catering? Due to the COVID-19 pandemic, the big buffet is no longer the preferred style of catering at the moment, and boxed meals are typically preferred due to health and safety concerns.
While every charity event is unique and will involve different elements to include in the budget, at the very least, you should estimate the costs for high-level elements such as: Venue: rental cost, as well as other costs tied to the venue like additional insurance policies you’ll need to purchase. Choose your date carefully.
In turn, this will translate into reduced costs on venue rental (since we no longer need to rent a spacious venue), as well as catering and other related costs. You’ll need to design a hybrid event that caters to these ideal audiences’ needs and preferences, and so we’ll move on to the next step. Easier evaluation and analytics.
Midcentury Manor allows you to hire your own caterers and bartenders (who need to be licensed and insured, of course) and their staff is excellent. My all-inclusive package for The Midcentury Manor is customized for the best possible experience, including a plethora of catering & beverage options.
But do you know what to look for in their contracts that will protect you and insure you will have a vendor who can deliver on your wedding day? Many caterers have discussed removing buffets as a service option. Hire a wedding planner You might be thinking, I can navigate this myself. No problem.
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