Event Insurance: FAQs What is Special Event Insurance? Special event insurance protects businesses and individuals when they host activities that fall outside of the scope of the general liability insurance coverage. It is a specialty insurance policy designed to indemnify the policyholder and/or host from certain claims associated with accidents or other issues that might occur during an event. Policies vary based on specific needs, but generally, special event insurance offers protection for the host against damage to the facility, bodily injury, alcohol-related incidents, and issues caused by weather....