If you’ve always had your heart set on becoming a wedding planner, then you would probably be good at it. Pursue what you are good at and it won’t seem so much like work. Confucius said it like this back in the day, “Choose a job you love, and you will never have to work a day in your life.”
But, before you invest time and training expense into learning the tricks of the wedding planner trade, consider it from all angles. You could be a wedding planner exclusively or you could choose to broaden your range into an all event planner. Whichever you choose, there’s one thing you need to know; this is not just a succession of parties.
Being a wedding planner or event planner under your own name makes you a small business owner. That means a whole different side to the events from the fun of flowers, food and music. Naturally, as a small business owner of an events company you’ll need liability insurance for when things go wrong.
There are so many horror stories. Consider the wedding planner of an all vegan wedding reception that ended disastrously. It happened in St. Paul, Minnesota in 2018. According to the newly-married couple the food was revolting and the service horrific. The happy couple sued for breach of contract. The couple sued for $150,000.
When the Big Day arrives, you will be responsible for coordinating the many vendor services. You have helped the bride and groom choose a florist, a wedding cake baker, live entertainers, photographer, venue, caterer, and equipment suppliers for tents, chairs and more. Be sure each is covered by their own insurance policy. If anything goes wrong and the happy couple sue one of the vendors, you could be named in the lawsuit simply because you recommended the vendor.
By the way, Bridal Guide has some invaluable legal advice that all wedding planners should be aware of. If you find yourself in a contentious situation as a wedding planner, you will be glad you paid those liability insurance premiums – especially if you got a good rate from your insurance company.
Part of becoming a wedding planner is knowing how to to protect your reputation, business assets and personal assets. Sadly, somebody is always going to claim you fell short in some area or another. Liability insurance, sometimes known as errors and omissions insurance, will protect against claims. You may not be at fault because something on the Big Day did not go well. But if a claim is filed you have to answer it. That means court costs, attorney fees and perhaps loss of revenue. Fortunately, you have an insurance policy. When you become a wedding planner, you will find that something always goes wrong but it can’t stop the day from being a special event. If a court finds you bear some responsibility, your liability insurance policy will protect you.
Check with an insurance company like Small Business Liability that understands specific wedding planner insurance policy needs. Do that first. Then take your certification classes and spend some time apprenticing. You’ll be fine.
ASK JOHN FOR THE BEST INSURANCE QUOTE YOU’LL GET ALL DAY!