Which of the following terms best describes a type of insurance that covers vendors working independently at events?

The term that best describes the type of insurance covering vendors working independently at events is vendor insurance. This specific type of insurance is designed to protect the vendors themselves from various liabilities that may arise while they are operating at an event. Such coverage typically addresses risks like injuries to patrons caused by their products or services and any pertinent property damages.

Vendor insurance is crucial for those who operate independently because it ensures that they have financial protection against lawsuits or claims that may be brought against them due to an accident or incident involving their work. This coverage can also help vendors meet the requirements set by event organizers, who may require proof of insurance to participate in an event.

Other types of insurance, such as event cancellation insurance, liability insurance, and property insurance, serve different purposes. Event cancellation insurance protects against financial losses due to event cancellation, liability insurance generally provides coverage for general liabilities that can affect a business or event organizer as a whole, and property insurance typically protects physical assets from damage or loss. Each of these types of insurance plays an important role in overall event planning but does not specifically cater to the needs of individual vendors like vendor insurance does.