12th May 2010
Arranging a trade show takes a great deal of efforts, time and
money. Trade show insurance was specially designed to protect an
exhibitor from loosing large amounts in case an accident takes place in
the course of the event. Sometimes things go wrong, and there is no
ways to prevent that, but there are functional methods to get
compensations for all the possible loses. Insurance is in fact the most
In many cases it is even impossible to start one of these shows until
you get insurance that covers the building, all the exhibited
materials, participants and attendees. Under such circumstances, not
only business owner, but also all the visitors and staff members are
protected by this insurance.
So, if you intend to get a trade show insurance to cover your event, it
is very important to get the right quotes. Needless to say, the type of
insurance will depend on trade show, its size and the nature of
exhibited goods. For example, if the exhibition is dedicated to wedding
related goods, it is highly unlikely that an accident can occur as
everything is relatively safe.
However, the risk is higher at home improvement, gardening or cooking
events, that is why the insurance cost will be higher as well. And of
course if a trade show us connected with exhibiting explosive devices,
knives and guns, the cost will be extremely high, taking into account
the potential danger of using these things.
Trade show insurance will also cover your expenses in case a person is
injured due to an accident and starts a lawsuit against you. You will
have to pay medical bills and legal fees, and if you run just a small
business, these amounts can make a difference for you. There are cases
when a lawsuit even put an end to some companies, and this scenario is
definitely the one you would like to avoid.
As for insurance for the building where a trade show is held, it will
be much cheaper to get a premium for state of the art buildings. With
other buildings it will be not so cost effective.
You should not go for the first trade show insurance you are offered.
The terms and costs of the same insurance are different in different
companies. If you do not have time enough or are not sure that you will
be able to choose the most appropriate variant, it is advisable to use
the services of an insurance broker.
It is possible to get insurance only for one event. However, if you are
planning to throw these shows regularly, it is highly recommended to
opt for an annual insurance – in this case you will get a considerable
discount for the premium. Also you should consider whether you need an
event cancellation insurance included into your trade show insurance.
Sometimes you have to cancel an event due to weather conditions or
other unpredictable circumstances.
Generally speaking, with this insurance you can stop worrying and just concentrate on your event in order to make it perfect.