Event insurance is a type of coverage that provides protection against potential risks and liabilities associated with hosting an event or gathering. It can be obtained for various types of events, including weddings, parties, conferences, and festivals. The purpose of event insurance is to provide financial reimbursement in case of accidents, property damage, injuries to guests, cancellation or postponement due to unforeseen circumstances, and other unexpected incidents that may occur during the event. It works by paying premiums to an insurance company in exchange for coverage based on the specified terms and conditions outlined in the policy.