How is the premium of event insurance calculated?

The premium of event insurance is calculated based on five factors:

• The insured amount (total event budget)
• The type of event (indoor vs. outdoor)
• The expected number of visitors
• The duration of the event
• Risk-increasing elements such as fireworks or water sports

Most insurers apply a premium of 1-5% of the insured amount. An experienced event agency often negotiates better rates thanks to volume contracts.