FAQ_category: (HIDDEN) Industry FAQs

Yes! Liability coverage is a must-have for event planners because: 

• Left unprotected, you’re personally responsible if a venue guest slips, gets hurt, or damages property. 

• Professional liability is vital too—errors or delays can lead to breakdown in trust or financial fallout. 

• Many venues, caterers, and vendors require proof of coverage before working with you. Without it, one small mistake can lead to a lawsuit that threatens your business’s future. 

Your event planning business involves multiple moving parts and risks, so it is important to have these essential coverages: 

• General Liability Insurance – covers bodily injury and property damage to third parties during events. 

• Professional Liability (E & O) – protects you in case a client claims a planning mistake led to financial loss. 

• Commercial Property Insurance – covers your office, supplies, and any permanent assets. 

• Workers’ Compensation – required in most states if you hire employees. 

• Commercial Auto Insurance – needed if you drive for deliveries or site visits. 

• Cyber Liability Insurance – recommended if you store sensitive client data. 

If you serve alcohol, then yes, this coverage is essential: 

• Protects against dram shop claims when alcohol served leads to injury or damage. 

• Required by state liquor licensing boards and landlords. 

• Covers legal fees, settlements, and third-party medical costs from alcohol-related incidents. 

Gild makes adding liquor liability hassle-free—keeping your cafe compliant and confident. 

Yes! This is typically covered under Product Liability Insurance: 

• Covers customer illnesses from contaminated food or drinks. 

• Protects against allergen-related claims and equipment failure (like a walk-in cooler breakdown).

On average, cafe owners pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs.