Even small private gatherings can benefit from event insurance, depending on the nature of the event. If you’re renting a venue, serving alcohol, or hiring vendors like caterers or entertainers, there’s a higher risk of accidents, injuries, or property damage—which could leave you financially liable. Some venues even require proof of insurance before allowing you to host an event on their premises. While you might not need an extensive policy for a backyard birthday party, having at least basic liability coverage provides peace of mind and protects you from unexpected costs. Ultimately, the decision depends on your comfort with risk and the complexity of your event.