Event planners (also called convention planners and meeting planners) are busy people. They coordinate all of the moving parts of an event and makes sure everyone has a good time. Their duties can include choosing locations, setting agendas, hiring caterers, entertainment, and other vendors. They may also arrange lodging and transportation for attendees. For virtual or online events, often times the event planner has to choose the video conferencing platform and prep the speakers in addition to all of the other tasks above.
Businesses, organizations, association and individuals all rely on an event planner to make things run smoothly. Some event planners specialize in particular areas like weddings for family reunions which add even more complications to an already complex job. With so much riding on the success of these events and emotions running high, event planners are at risk if they inadvertently make an error.
Errors and Omissions coverage is needed even for the most experienced event planners because event planners have a lot to do in a short amount of time. They have to meet with event stakeholders, write outlines that include a tight timeline and budget and often have to scout and inspect prospective venues. As bids come in, a meeting planner also has to negotiate contracts and coordinate with food and other vendors. Online event planners can spend hours learning and assessing different video conferencing platforms.
With so many tasks pulling an event planner in different directions, even seasoned pros can slip up. This is why E & O coverage is needed. If a client feels like their meeting didn’t meet its goals due to your mistake, an Errors and Omissions policy can protect you from debilitating legal fees. Find out quick and easy it is to get yourself protected with our quick online quote process. You’ll be done in 10-15 minutes. Purchasing errors and omissions coverage from ACE Financial will give you peace of mind that event planners need. We can give you a no-hassle rate within minutes.