03rd June 2010
Event Insurance – A Vital Requirement for Event Organisers
Whether you might be a company which deals with the organisation of events or if you are an individual who is planning out an event, a comprehensive Event Insurance is an important factor.
Whether you might be a company which deals
with the organisation of events or if you are an individual who is planning out
an event, a comprehensive Event Insurance is an important factor. It gives you
consolation and peace of mind that whatever happens during the event – you are
A common wish is that everyone would hope
for nothing unfortunate during the event; that it should be completed
successfully. But there have been many instances where a minor problem has
turned into total nightmares. In a situation such as this, you need to be
prepared so that everything will be taken care of.
Most often these insurance policies will
include the following:
- Public Liability
- Employers Liability
- Cancellation, Abandonment & Postponement Cover
- Event Equipment Cover
You may also customise the Event Insurance
according to the type of event you intend planning. Most insurance companies
are flexible with the areas of cover and you are allowed the option of making
Considering the great increase of event
organising in the business world, many leading insurance companies now offer a
variety of policies to cover these events. Given below are some common events
for which policies are offered:
- Business Dinners
- Business Meetings
- Corporate Private Parties
- Fund Raising Dinners
- Non Profit Functions
- Trade Shows
- Road Shows and much more
There are events that can run for a couple
of days; events such as carnivals, exhibitions and similar events. An Event
Insurance can be obtained for these as well. Be precise when you mention the
number of people you may expect for these events, since all these details will
be required for the quote.
Given below are some insurance policies
which are offered for a variety of events:
1) Exhibitor Insurance: When participating for an exhibition, as a business person your
main concern would be on how effective you can make your brand known to the
people, with less concentration on your exposure to legal liabilities. An
exhibition cover will provide valuable protection for your company and
investment. It will include cover for cancellation, property damage and public
and employers liability.
2) Weddings and Private
Parties: This Event Insurance policy can
include birthday parties, family parties, private functions, wedding
anniversaries etc. Apart from the covers mentioned for the above event this
policy will also cover, adverse weather conditions if it is an outdoor event,
if musicians or entertainers don’t turn up, caterers don’t turn up etc.
3) Fireworks Display
Insurance: Whether the
event is organised for a charity, school show or birthday party, fireworks
insurance is very important to ensure a stress-free event. You are free to
choose your level of cover, and the policy includes public and employer’s
liability, cancellation and adverse weather, property cover and money.
4) Fairs, Fetes and
Carnivals: This can include other types of
events as well. You can discuss the options with your insurance agent.
Immaterial the amount of effort you may have put in to organise your event,
there are times when unforeseen and unexpected situation arise. The cover
includes public and employer’s liability and criminal defence.
Event Insurance helps you survive through
the most unexpected situations.