Event Planning Business Owners Policy

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What is GigBOP - Business Owners Policy for Event Planners Services?

Business Owners Policy covering Business Personal Property & General Liability with options in Employment Benefit Liability, Professional Liability, and Hired Non-Owned Auto Liability. Designed and tailored solutions for risks related to Gig Economy and emerging industries. Specifically created for home-based business, shared workspace offices, and limited footprint companies.

Businesses eligible for the GigBOP include: Artisan/Servicing Manufacturing, Direct Retail Sales, Online Retail Sales and Services. We have more than 75 classes available.

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GigBOP at a Glance

Why do Event Planning Business Owners need insurance?

As an event specialist, your objective is to give the best possible events for your clients. You always want to make sure that everything is done accordingly from planning to execution to post evaluation. You are very keen to details that no small matter can slip your eye. No matter how detail-oriented you are, you cannot plan the dangers that you will meet along the way of managing your events.

Being a planner, of course you do not want to carry on with your business without including an event planning insurance on your list. Is that right? You plan for everything, even for small unnoticeable things. Having a protection afforded by an insurance is one your ways of planning not to fail in the future. SynchronoSure® presents you the insurance for event planners. Our GigBOP is a small commercial micro-bop policy that is ideally designed for small and start-up business in the gig economy like your events planning business.

If you are just starting in this industry and you don’t have a coverage yet, here are some of the things that you might want to consider in getting an event planning businessowners policy. First, a General Liability that provides coverage of a third-party bodily injury and damage to property. Accidents like slips, trips or falls are likely to happen in your event. Instead of you paying directly for the damages, your policy will cover the medical expenses of the injured people. Second, you need an insurance that can provide you Professional Liability coverage. You cannot please every client. No matter how expert you are in the field of events planning, something can still go wrong, and your clients might hold you responsible for it. The Professional Liability can pay for the attorney fees and litigation expenses and protect you and business when you are sued because of your professional service. Third, your event planners’ insurance must be able to protect your own stuff. What if the function hall where you are holding the event catches fire and you weren’t able to rescue some of your equipment? No worries because, there is an indemnity that can recompense for what you’ve lost in the fire.

SynchronoSure®’s GigBOP offers more add-on insurance products that you can include to your purchase to give your business complete protection against potential harms that you don’t expect encountering.

Accepts payment via credit card or ACH. Policy forms, invoices and policyholder notices are sent electronically.

Visit the Insurance-As-A-Service™ Resources page available to policyholders for access at your fingertips a suite of value added resources for legal, human resource management, risk management, mental health, ergonomics and loss mitigation services.

 

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