22nd June 2010
Event Liability Insurance Can Protect You Against Any Circumstance
You need to have appropriate event liability insurance in place to overcome any unexpected expenses, if you are conducting an event.
You need to have appropriate event liability insurance in place to
overcome any unexpected expenses, if you are conducting an event. Even
if it’s not your fault, you may end up with a very large payment to make
for your legal defense. Disasters do happen and your special event can
be spoiled without proper prior planning. So whatever kind of event you
are planning, you can quite easily get the cover tailored to meet your
specific requirements and the one that is specifically suited for the
complexity and multiple variants of the different types of events. You
should buy your policy at least fifteen days before the start of your
event so that you get decent enough time to look closely at your
• Some event liability insurance companies have strict policies in place
and consider clients only with a clean record. In addition to that,
you also have to provide proof that you have not been subject to
previous claims made or filed against you. In some case, you can not
extend coverage for subsequent dates, or extend coverage to cover future
claims resulting from occurrences happening during the period of
insurance, beyond the twelve months period.
• The insurance policy generally offers defense against allegations of
abuse, assault or discrimination for up to a certain amount of your
chosen limits and is ideal for professionals, traders and contractors,
including builders, decorators, carpenters, as well as gardeners. If you
have a business, which provides advice or consultancy, there's a legal
responsibility to your clients and a breach could put you in court,
meaning you will have to pay hefty bills. There is often a case, when
you have to work away from your own premises, you may cause harm to
someone else or their property, that’s when your insurance policy comes
• The event liability insurance policy is usually based on dual
liability coverage. The coverage is limited to claims that occur during
the effective period of the policy and are made not later than twelve
months after the expiration of the effective period of the policy.
• Some companies can help you quotes and comparisons, on the exact type
of event insurance coverage for events that are too unusual or complex
for many other companies, all in a matter of minutes, no matter what
type of event you are producing.
• You can buy an insurance policy as early as one year prior to your
main event, and no later than 24 hours before your event date. Always,
take your time and make sure to go through the insurance documents
carefully, as once you have signed the agreement paper of insurance, you
might not be able to make any changes.
If your event is cancelled for reasons beyond your control like bad
weather, power failure or any other mishap, your event liability
insurance cover will pay you for your loss of net profit or your
irrecoverable expenses, up to the limit you want.