Insurance for my business?
What is the best insurance I should take out for my unknown event and wedding business so that my clients and myself are fully covered?
Answers: For your business, you should consider the following coverages: General Liability, Workers Compensation & Professional Liability.
General Liability covers you if you wrong someons property or injure someone not employed by you. Workers Compensation comes in to play if you and/or your body get injured on the position. Professional Liability is if someone sues you for economical harm they incurred due to something you recommended. If you told someone how to reserve a specific place for the event and they thought you have done it and it ends up costing money to change the date of their event when they find out too belatedly to find another place.
Keep in mind that you will want to sort sure your vendors own their own insurance so they are responsible for their own mistakes.
Good luck to you in your investigational business!
You should really go to your local business insurance company to discuss with a professional.
At minimum you will inevitability workers compensation insurance (in case an member of staff should get hurt on the job). This is required surrounded by many states. Then you will enjoy options for property insurance, to insure the items you are renting out contained by case something get damaged or stolen. You will necessitate insurance on the vehicle(s) you use to transport rented items. Then you may want liability insurance. This is if a client sues you because something they rented from you (say a wedding tent) poor to operate (broke, collapsed on the bride and groom, gave the bride a broken antenna, she had to progress to the hospital and her wedding year was ruined) and damage resulted.
Best wishes!
My girlfriend is also in matching business.you would need General Liability and possibly Workers Comp. You would also want to see your vendor certificates of insurance and own yourself added as additional insured on their policies (tent rentals, lighting etc.) Make sure you own 'host liquor liability' in the GL.that's critical.