Events insurance: Is it a necessity?

DATE: 07/05/2019

Planning an event can be a lengthy and stressful process. There is a long list of things that need to be factored in, such as choosing a venue in the first instance, to making sure that all the guests are enjoying themselves on the actual day. Things like insurance could potentially get overlooked or pushed to one side as practicalities take priority. Making sure you are covered in the instance of something going wrong however, is crucial in providing you with a worry-free occasion.

Public liability

As an event organiser, you can prepare for every situation. Despite this, you can never predict what will happen and accidents may occur. Therefore, protecting yourself, the staff and the guests against all eventualities is important. Public liability is when a member of the public or a client makes a claim against you or your business due to something happening. In the case of events, public liability insurance will cover you from claims made by a member of the community. If anybody was to injure themselves, such as slipping on a wet floor, due to any negligence or blamed lack of care, your public liability insurance looks to protect you. Any damage to property can also be covered.

Always expect the unexpected. What do you do if the event is cancelled? Fear not, because you can also be covered if this does happen. Cancellation insurance is used to protect you if the occasion is called off or postponed due to unforeseen circumstances. This could be because of bad weather or a crucial vendor not turning up. The protection often covers for the loss of deposits and costs already paid in advance.

Employers liability

Employers liability, often part of a wider policy, gives protection for your event’s volunteers, helpers and employees. If anything does occur such as an accident or an injury, as an event organiser you are covered. This is usually up to a certain amount or can be discussed depending on the type of event. Planning and arranging the event can prove to be time consuming, so eliminating any panic about whether your staff will be covered or not is a good idea.

Making sure your event is a success is the key objective for a lot of organisers. Having a basic structure and clear objectives is a good starting point for many, so that you can set out what is important and measure any successes after the event has finished. Picking the right team to assist and working on the appropriate marketing can also be a priority, so finalising these details is important. Adding insurance to the growing list of things to make your event fruitful should be among these bullet points.

At Commercial Express, we offer policies for single events, multi events and exhibitions. With a wide selection of features and benefits, many brokers view us as the first choice when looking for cover for their clients. Visit our website for more information.