12th May 2010
Event insurance services are usually provided by insurance
companies. They can have a wide specialization that includes all sorts
of insurances, or their services can be limited to the variations of
even public liability insurance. In any case, it is highly recommended
to contact at least a few companies in order to have an idea abut the
general terms, conditions and prices on the market.
Event insurance is needed in case you are going to arrange a special
event in order to advertise your company or celebrate its jubilee.
Special events include shows, fairs, concerts, dances, parties,
picnics, festivals, sporting events, meetings, exhibitions,
presentations and so on.
Event insurance services are needed for protection against a possible
lawsuit in case a person gets injured due to an accident in your place
of business. A lawsuit is the last thing a business owner wants for his
or her company, and if you cannot prevent an accident, it is possible
to prevent the consequences of it. In most cases the reaction of an
injured person would be to call their lawyer: this is a reality of the
contemporary world of business. You are legally liable for all sorts of
damages that take place in your place of business during the event, and
it means that you will have to pay medical expenses of the third party.
Using the event insurance services, you will have coverage not only for
these medical bills, but also for the legal fees if you are obliged to
visit a court.
It is important to keep on mind that different insurance companies
offer different insurance services. For example, you can be offered the
help of a specialist in going through a list of questions in order to
determine the minimal and maximal amount you will need. These questions
include the information about the type of business you are running, the
sort of event yo are going to throw, the number of invited guests,
approximate number of all the attendees, your staff members' working
experience and so on.
Some event insurance services are offered online, so you have an
opportunity to calculate the approximate amount yourself. Also, it is
recommended to explore the opportunity of the insurance companies
online: most of them have websites where you can find out about their
terms, prices, range of services and experience in this particular
Insurance services of this sort usually include providing coverage for
the exhibitors, exhibited goods, all the attendees, employees, hired
personnel, a building where the event takes place and so on. If it is a
trade show, the cost of the insurance might depend on the nature of the
exhibited products. Of course, if you display books, or carpets, or
soft toys, the probability of an accident is lower, that is why the
premium cost will be lower as well.
Event insurance services will cost more in case your exhibited goods
might be potentially dangerous (knives, guns, explosives, saws, hammers
and even something as innocent as scented candles). That is why
consider all the probabilities and get exactly what you count on.