2nd June 2010
Private event insurance will help you to feel more confident about throwing parties and
other private events for your company. Socialising is extremely important not
only in everyday life, but also in the world of business: arranging various events, you establish new contacts,
stay in touch with old customers and partners, advertise your goods and
services, promote your business, spread the awareness about your company and so
on. It would be a pity to stop organising these private events.
However, they always
involve a risk of a lawsuit. In case of an accident on your place of business
you are legally liable for the third party being injured or having their
property damaged in any way.
Private event insurance will provide you a coverage to pay the bills in case of an
accident. It will ensure protection not only for your business, but also for an
injured person: you can be sure that there will be an amount necessary to pay
his/her medical expenses. Besides, in this financially unstable time there is
no guarantee that everybody is ethical about their source of income.
Sometimes accidents can be
simulated, but if it is not proved, you are legally responsible for all the
loses and damages. And in some case competitors might use some dirty tricks in
order to ruin your company. For a small business it is not an easy task to pay
all those huge medical bills and legal fees, and it can disable you for a
considerable period of time or even make you a bankrupt.
Private event insurance will help you to avoid these unpleasant situations, and even if a
person slips on a wet floor and breaks his/her arm, or falls from a staircase,
or gets injured by a falling exhibition stand, you will not have to break a
There are lots of options
provided by event liability insurance companies, and you can choose a coverage
plant for various events, including exhibitions, presentations, shows, dances,
small and big parties, weddings, picnics, meetings and so on. It is always
better to relax in a circle of your guests or concentrate on your promotional
goals instead of getting tensed because of a risk of an accident and its
May be you still hesitate
and it seems to you that it is possible to make a better use of your money
rather than to pay for private event insurance premium. In this case it is recommended to consider this insurance
a must. In any case, the difference between insurance price and medical
expenses of the third party is so big that you would definitely choose the
first option. Besides, the cost of the private event insurances vary. It
depends on many factors: the number of visitors you are going to have, the size
of your event, a place of the function and many more.
It is advisable to start
your preparations in advance, as you may not get an insurance just a couple
days before your party or exhibition is going to take place.