26th April 2010
In theory, brokers can access the whole outdoor event insurance
market to find the best cover (which may be from combining a number of
separate policies). In practice, however, the special deals for
non-profits are more likely to come from one particular insurer. It is
quite possible, these days to obtain cover to make good the loss
arising from fraud or dishonesty on the part of any of the employees
where they are handling any cash or other valuables. It may even be
possible to extend the cover to include also fraud or dishonesty on the
part of any of the trustees or volunteers. This type of cover cannot a
substitute for sound financial and personnel risk management and is
usually provided only if the company can demonstrate that its
administrative arrangements are both adequate and properly supervised.
• Your outdoor event insurance companies insure almost any event taking
place almost anywhere in the world. Whether your event is a Sunday
Cricket match or a global convention, they have the capacity and the
expertise to protect your event. These companies can offer single event
insurance, multiple event insurance or even annual event insurance -
whatever your needs.
• Your insurance cover may include event
cancellation insurance, event liability insurance and event all risks
insurance. The failure of key, utilities or equipment like power,
lighting, heating, kitchens, sound and fire safety equipment are all
the risks, with the potential to make the venue unavailable.
Most policies are easy to understand and simple to buy. They are
underwritten by one of the most reputable insurers and claims are
handled quickly and with sensitivity. Your outdoor event insurance
cover may, also be obtainable at a reasonable price against the cost of
repairing items which are damaged, or against the cost of investigating
theft and of attempting to recover stolen items. Security measures
should be reviewed in order to reduce the risk of loss and this might
make insurance cover easier to obtain.
• As specialist
providers, these companies offer you insurance that are truly relevant
to your needs. They know the right questions to ask about your plans
and can tailor your insurance to suit your requirements, perfectly.
Whether you are planning a party, staging a large rock concert, or
organising a national flower, motor or music festival, you need to
ensure that you are covered for all possible events that may spoil the
enjoyment of you and your guests when the big day arrives.
In a worst case scenario, the whole event operating budget could be
lost, or you could incur additional costs such as rebooking at another
time or another venue, extra accommodation and subsistence costs, venue
penalties for not vacating on time, plus the profit you might otherwise
have generated from the event. Because all this is at risk, your
insurance needs to be on the agenda early in the event planning
process. You can quite easily buy all the elements of your outdoor
event insurance in one easy package, with absolute confidence.