28th June 2010
Charity event insurance offers support if you are facing a claim for
compensation payable to a third party and if the incident happens during
your event. This type of insurance has to be on the agenda early in
your event planning process. Running events can be a nerve racking thing
at times. There are cases, when things can go terribly wrong and all
your plans might get ruined. Always look at the things of what you are
planning, what can go wrong and what can you do to guard yourself
against any accidents or mishaps? What would you do if your expensive
equipment has been stolen or if someone gets injured? Have you ever
thought about on how to protect yourself, if you get sued? As an event
organiser you have to face these types of challenges. This can be really
worrying, if you end up losing entire year’s funding, there might be
many who are relying on you.
• Charity event insurance is ideal to provide protection against
cancellation, abandonment, curtailment or other mishaps or disruption in
any planned event.
• While organising an event, you have to consider a number of areas. For
example, there are many volunteers and helpers involved in charity
events, so first of all think about the legalities of staffing events in
some depth. If you are not sure about something, ask for an expert
advice to ensure you are fully covered or not. Regarding the venue or
property that you are using, also check the contract to see what your
responsibilities are for damages to the property, as in some cases, they
may be more than just legal liability exposures.
• Charity event insurance is also meant to offer cover for speakers or
entertainers who fail to turn up due to emergency, delays or other
problems outbreaks of infectious diseases, terrorism damaging the
property or preventing access, adverse weather conditions, strikes and
outbreaks of civil disorder which can have indirect effects.
• If you have hired expensive equipment, you should go through the
details that are listed in the contracts for hire. If it mentions it’s
your responsibility for risks of breakdown or the loss of hire charges
under hire agreements, then make sure you have proper insurance policy
in case if anything goes wrong.
• Your insurance provider can help you get the competitive rates and the
best products. He/she is there to help so give him or her all the
details that he or she needs to underwrite the risk. Also tell him or
her about the event, and discuss what risks may be involved. You should
have appropriate and fully comprehensive charity event insurance in
place, if the event includes any dangerous activities such as sponsored
bungee jumps, parachute dives or racing of some sort.
Charity event insurance policy is specialised low cost policy, which can
be designed to guard you and give you peace of mind and covers losses
for events which occur due to unforeseen circumstances.