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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.
Of course, these three qualities won’t amount to a hill of beans if they aren’t supported by a fourth element: having a process that accounts for the hundreds of details you will need to track and thousands of decisions you will need to make as you work towards and beyond your event date. Step 3 – Establish a realistic event budget.
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. Whew … so much for a “simple” process.
Building out your processes and internal operations ahead of time is critical to generating revenue as you prepare to open your new venue. 2 – Devising a business plan makes the process of launching an event space business vastly smoother. It’s part of the planning process to consider this.”.
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.
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. It seems like an obvious question but caterers don’t always ask this.
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.
And it helps you create and define the processes for your new business! Pinpoint your target clientele to take it a step further – are you catering to luxury weddings and receptions, or budget-conscious banquets? Protecting your event planning business with adequate insurance coverage is essential for mitigating financial risk.
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.
Business description : Here, you provide more detailed information about your business, including the specific products or services you offer and the operations process. 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.
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.
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. Life happens, and unexpected costs may arise.
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. Loved this space and Griffin was AMAZING to work with throughout the entire process. Highly recommend!”
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.
FYI – Planning Pod can help you operate with fewer staff and service workers by automating processes, creating timesaving workflows and streamlining communications. FYI – Having these automations in place means that you no longer have to train new staff on all the follow-through required with manual processes.
Recognize who your event caters to. Ensure adequate insurance. This individual will be at the helm of your event, ensuring that each part of the process aligns with your brand and objectives. Technical glitches can arise at any point during the event planning process or even during the event itself.
Wedding planners are typically booked early on in the wedding planning process OR if a couple has begun planning but find they need support to complete the wedding plan. to pass along to you and/or the venue Reviewing order lists with rental companies, florists, caterers, etc. How does this process typically look when working with you?
Perhaps you’re well into your venue research, and you want to simplify the process of narrowing down the mind-numbing number of venue options available to you. For example, if you require catering for your event, it’s taken care of when you rent. Well, that’s pretty much what we do here at Peerspace !
In a nutshell, event planning is an effort (a process) of planning and managing all the logistics of an event. This is why each event planning process has its own nuances and challenges, as we will discuss below. The insurance can help you in refunding purchased tickets, among other potential issues. Event Planning: The Basics.
Although we’re admittedly biased, this is our top tip because it should also be the first step in your process. Consider it an insurance policy on all the other money you’ll spend! We visited Becca and Neal’s wedding site at the start of their planning process and discussed how many guests could realistically park there.
By following this checklist, you can be sure to remember all the details necessary for a successful event, as well as keep track of the timelines surrounding the event planning process. Whether you can serve alcohol, accessibility concerns, whether you’ll need to get additional insurance, can you bring your own catering, etc.
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? We have a great step by step process and we walk with our clients to determine what’s most important to them. A venue we love, Calamigos Ranch , has laid their process out clearly online!
If not, there is a huge opportunity within your company to uncover hidden meeting spend and implement a meetings program to increase visibility, reduce risk, automate business processes, and cut cost. The best way to mitigate these risks is to put a program in place that has clear processes and visibility.
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 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.
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.
A great approach is to visualize the ideal venue in your mind while also considering factors like walking paths/audience flow, registration/check-in process, the shape and placement of the stage, and so on. Food & beverage/catering. Decide whether the venue’s catering policy can fit your event’s needs and priorities.
The live aspect of the event is meticulously planned: the perfect venue, stage design, decoration, catering, and so on, and then the event is live-streamed to the virtual attendees, and the virtual aspect is often treated as an afterthought. Assess whether your events will require immersive branded experiences or educational installations.
For instance, a quinceañera room rental can include seating and tables, decor, and even catering packages. And remember, through your Peerspace venue’s host, you can streamline the process and save yourself the added planning stress of juggling multiple vendors.
The high-level items can vary depending on the type and size of your hybrid event, but you should include at least the following items: Venue rental (including additional costs like insurance required, etc.) Event technology ( event registration software , event management solution , virtual event platform, etc. )
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.
pieces of your wedding is the catering. Whether youre picturing a full banquet, chic food stations, or cozy sharing platters, knowing what to ask your caterer can make all the difference. This guide will walk you through the process, from understanding your needs to browsing unique catering styles.
Take the time to craft a disaster plan tailored to your business and clients: Assess Risks: Identify potential disasters specific to your location or where you hope to do business (such as hurricanes or wildfires) Secure Insurance: Review your current policies or update to a new one to ensure they cover natural disasters.
cash bar) and discuss additional permitting and insurance requirements early on. Will your event be catered? Do you have additional event insurance or do you need me to provide you with a carrier? Thats why Peerspace provides insurance to protect hosts in situations involving liability claims. Do you need anything else?
We’ll make the process straightforward and stress-free. Essential Venue Features: Fast WiFi connection Professional AV equipment Support from event staff Good air conditioning Clean restrooms Proper catering spaces Check what the base rental fee includes. Let’s get started! Some venues give all-inclusive pricing packages.
The city’s customizable options cater to every team’s priorities, whether you represent a small startup or a Fortune 500 company. Hidden Expenses to Consider The venue and catering costs are just the start. The original processing fee begins at USD 100.00 for applications submitted 60 days before the event.
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