Whether it's a concert or a festival, many smart planners purchase special event insurance. There are just so many things that can go wrong. Bad weather can ruin outdoor fun. Indoor events can lose power and be forced to refund ticket money. In the event that something unforeseen like this ruins an event, planners can get stuck with bills for caterers, rental space, equipment, entertainment and more. Event insurance can protect planners from unavoidable losses due to some unforeseen disaster. Insurance is also essential to protect planners against any liability or theft.