22nd June 2010
In today’s fast paced society, the need for a competitive and
flexible event insurance coverage has become increasingly essential.
This type of insurance is meant to protect an event organiser against
the financial consequences of damage or bodily harm caused to another
person or business.
As an event organiser, you must always expect the unexpected and your
normal insurance might not be adequate to cover you if something spoils
your special day. A specialised insurance policy can protect you against
the unforeseen, letting you bask in the glory of a well-run event, as
there are cases, when things can go completely wrong, even with great
planning and arrangements. Investors, these days are plunking down
millions for professional events, like sports and many others, and
therefore have to sure they are legally protected against any mishaps.
• A quality event insurance coverage can protect you against failure of
your goods or those you have sold, repaired or serviced to another
person or business. It has become relatively easy these days for
exhibitors at trade shows and the like to buy a highly competitive
package of cancellation, property damage and liability cover which can
be tailor-made to their specific requirements. You can have a great sigh
of relief as you are covered for losses up to the sum insured, in an
event at which you have arranged for space as an exhibitor is cancelled
due to weather conditions etc.
• The policy is especially designed to cater for your needs, offering a
wide variety of events, whether you need insurance for party, fetes and
fairs, insurance for festivals, or insurance for a music concert. It
covers a range of disputes like for example civil litigation,
professional and clinical negligence, property disputes and insolvency.
• In the last few decades, many insurance providers have served a wide
range of industries by offering with a flexible, cost effective and
reliable, event insurance coverage. You can get a range of commercial or
personal legal protection products through appointed intermediaries as
well as through specialist schemes for solicitors and affinity groups.
Your insurance company will normally choose a solicitor for you but you
can speak to your provider if you would like to use another solicitor.
Some insurance companies do allow you to use a solicitor of your choice
from when court proceedings start. These providers can help you with the
tools to manage costs and risk either in the pursuit or defence of
• Some insurance policies are arranged after the legal dispute has
arisen and each policy is based on the attributes of the individual
case. You may also be to add to a wider policy like car, home or for a
• Sports event insurance provides coverage for a tournament or other
type of event where pro athletes, teams and leagues are usually
Most event insurance coverage policies are cost-effective and
financially secure products that can really help you protect against the
financial risks associated with planning, organising or attending an
event, including cancellation and public liability.