The most memorable day of your life has arrived. The flowers, the dress, the guest list, with so many facets of planning, it’s important not to forget about the one small often overlooked item that many don’t think about – obtaining liquor liability insurance coverage for your wedding.
Temporary event liquor liability insurance is necessary if you are catering your wedding yourself or if the venue or catering company does not have liquor liability coverage.
According to The Knot’s 2016 Wedding Study, the national average cost of a wedding is $35,329.
With a hefty price tag like that, more and more couples are looking to save on the wedding venue costs by hosting their wedding outside in public parks.
A wedding wine station, a bucket of beers, with so many creative Pinterest wedding ideas for serving alcohol, it’s important to remember that you take on the added responsibility of your guests when serving alcohol at your temporary event.
Bride’s and groom’s to be may purchase a “temporary event” or one-time liquor liability insurance policy to cover them for any potential charges that may stem from alcohol consumption at a special event that they are hosting.
There are two factors in the cost of obtaining liquor liability insurance coverage for your wedding.
- The insurance premium cost is based on the number of people that will be in attendance
- How long the event will last
At Hospitality Insurance Group, factors such as the type of alcohol served or whether or not your wedding has a cash bar does not affect the premium cost.
In addition to liquor liability insurance coverage for your wedding, we also recommend reminding guests not to drink and drive by placing various signage that encourages your guests to download an app like Uber to get home.
Since summer tends to be one of the biggest times of the year for weddings, and also the hottest, it’s also a good idea to provide water bottles in a bucket of ice for guests to stay hydrated. A good rule of thumb is for each alcoholic beverage a guest has, they should have one glass of water as mentioned in our 4th of July blog here.
Not sure if obtaining a policy is right for you? Check with your local venue or catering company, or contact your local insurance agent to find out if Hospitality Insurance Group coverage is right for your wedding day.