Event deposits in lake sediments provide invaluable chronicles of geodynamic and climatic natural hazards on multi-millennial timescales. Sediment archives are particularly useful for reconstructing high-impact, low-frequency events, which are rarely observed in instrumental or historical data. However, attributing a trigger mechanism to event deposits observed in lake sediments can be particularly challenging as different types of events can produce deposits with very similar lithological characteristics, such as turbidites. In this review paper, we summarize the state of the art on event deposits in paleolimnology. We start by describing the sedimentary facies typical of floods, glacial lake outburst floods, avalanches, hurricanes, earthquakes, tsunamis, volcanic eruptions, and spontaneous delta collapses. We then describe the most indicative methods that can be applied at the scale of lake basins (geophysical survey, multiple coring) and on sediment cores (sedimentology, inorganic and organic geochemistry, biotic approach). Finally, we provide recommendations on how to obtain accurate chronologies on sediment cores containing event deposits, and ultimately date the events. Accurately identifying and dating event deposits has the potential to improve hazard assessments, particularly in terms of the return periods, recurrence patterns, and maximum magnitudes, which is one of the main geological challenges for sustainable worldwide development.