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Simply put, special event insurance for project managers is all about covering your company or business for something that occurs in a specific time period outside of what generally goes on at the office or in the work place. This can mean that there will be more people on site than usual, special machinery or gear present, or extensive travel off site. Conferencing, dinner events, demos, open house days, or other corporate events can all benefit from specific special event insurance coverage.
In today's world of off site events for clients and attendees, it's often a requirement to obtain special event insurance especially if there is alcohol involved or is in an area that could be dangerous to attendees such as a construction site. Often clients will want to announce a new product or service that you and your team helped to produce in an off site venue such as a bar or restaurant that may require you obtain special event insurance and name the bar or restaurant as an additional insured.
For company picnics or outings with project teams, you may also want to consider special event insurance. In the case of injury, this can protect employees, project team members, and their families. Special event insurance may also be a good idea if you plan an event and it must be canceled due to weather or project delays.
