5 Special Event Mishaps You Should Avoid

Protect your organization by avoiding common event mistakes.

 

Nonprofits utilize special events as a method to increase awareness and raise money for their cause. They can be a powerful resource, especially around the holidays when people are feeling generous. While these events can be extremely successful, this is only possible if they are strategically planned and carried out with care.

 

Avoid making these common mishaps to make your next event safe and successful.

 

  • Lack of planning. Planning starts with an idea but it doesn’t end there. Before scheduling vendors, first plan out everything so you know what to expect.
  • Not having goals. Nonprofit goals come in many forms from financial donations to increased brand awareness. Identify the purpose of your event so that you can set relevant and realistic goals.
  • Not being flexible. It’s not possible to predict every circumstance or outcome. Know this upfront and be flexible when things don’t go as planned.
  • Going over budget. Sure, you want to host a fun event in your nonprofit’s name – but to what expense? It can hurt your end goal if you go over budget, so make plans to stick to them as much as possible.
  • Ignoring the risks. As a nonprofit, you face a lot of risks on a daily basis. Hosting an event opens you up to even more risk. Identify these potential problems and make a plan for them. A safety committee is vital to the event operations to mitigate these risks and ensure it goes off without a hitch.

 

What type of insurance do I need?

The insurance you need will depend on the event you’re hosting. One-day event insurance will cover your nonprofit for one-time events like dinner, auctions, or vendor events. If you are going to be hosting multiple events throughout the year, it may make more financial sense to have your insurance agent provide a multiple event quote or add it to your general liability policy.

 

If you’re planning on a festive fundraising event, don’t put your nonprofit in danger. Are you ready to secure the right coverage for your needs? Contact the experts at Colorado Nonprofit Insurance Agency, part of HUB International in Denver, Colorado at 303-894-0298.