Final answer:
An association may purchase cancellation insurance for coverage in case of unexpected event cancellation, and social host liability insurance for potential liabilities related to activities during the event.
Step-by-step explanation:
The two types of insurance an association might purchase relative to a planned event or meeting are cancellation insurance and social host liability insurance. Cancellation insurance provides coverage in case the event needs to be cancelled unexpectedly, which can help recoup any lost expenses. On the other hand, social host liability insurance provides protection in the case that any liabilities arise from serving alcohol or hosting social activities. The two types of insurance an association might purchase relative to a planned event or meeting are cancellation insurance and travel insurance. Cancellation insurance provides coverage for the cancellation or postponement of the event due to unforeseen circumstances, such as severe weather conditions or illness.