5th July 2010
The liability insurance for events is to cover your legal liability
for any injury or damage you might cause to people or their property
during the course of your activity or occupation. It covers anything
from cancellation or abandonment of your event, property damage and
legal liability to outdoor functions or indoor concerts. This type of
insurance is often not required by law but you might not get employers
liability without it. In this fast modern world, many business owners
have to face risks on day to day basis or during events and are now
aware of how important an insurance policy can be for them and for their
business. Before organising and running an event, you should arrange
for a relevant and reliable insurance policy, to protect yourself and
your event against any eventualities beyond your control that would
force you to cancel or abandon your event.
· With liability insurance for events you might also need public
liability, employer’s liability insurance and professional indemnity
a. Public liability insurance will cover the claims arising from your
liability for injury to a person outside of your employment or damage to
b. Whereas employers liability is a legal requirement if you are
directly employing someone or you are employing them as a labour only
sub contractor. If your business has employees, it is likely that
employers' liability insurance is compulsory. However, there are some
cases, when this insurance is not required.
c. Professional indemnity insurance covers claims arising as a result of
your negligence or wrong advice in work you have done for a client.
· In the liability insurance for events, where legal liability is
established, damages are awarded to the claimant to compensate them for
their injury or the damage to their property and the person or business
responsible will also have to pay any legal costs, including the
· There are a lot of comprehensive insurance programs on offer for the
clients developed by the experience professionals and some insurance
companies also give you the option to name your reception venue as
additional insured without any extra cost. You can also get timely
online quoting and placement of coverage for difficult risks.
· There are companies, who promise to give the best value insurance and
highest quality service to their rapidly expanding customer base. You
are likely to be considered for this policy, if you have clean loss
record, but it can often result in no quotation being provided due to
most insurers requiring a referral if a proposer has a claims history.
· Some might insurers might calculate the premium using a factor that
reflects the amount of activity undertaken by the business. For smaller
to medium-size risks, the insurer will use an average rate, which is
based on the claims they have paid out to similar businesses.
The liability insurance for events is designed to protect your business
against any unexpected costs and will give you the perfect protection
for your situation.