Charity Event Insurance Protects You Against the Four Main Risk Categories

With charity event insurance in place, you can gethave fun in many other ways without putting people
protection and peace of mind not just for yourat risk.
assets but also for you, your staff, your trustees3. Charity event insurance policies may also cover the
and volunteers. There are usually four risk categories,damage rendering the venue unavailable; breach of
which all event organisers face: legal, physical, peoplecontract by the venue, terrorism damaging the
and event. Whether the event is a small conferencevenue or preventing access, outbreaks of infectious
or a music festival, sponsored by a corporatediseases, leading to quarantine or restricted access.
company or based on the takings at the gate, theseSome other factors may also include adverse
type of risks are always there. The only difference isweather disrupting air, sea and rail transport, strikes,
largely a matter of scale and exposure and this isoutbreaks of civil disorder, revolution or war, which
where risk management and insurance come in.can have indirect effects such as flight diversions etc.
Organising charity events can be quite nerve rackingThen there are also speakers or entertainers who fail
at times. It is however, the duty of the trustees ofto turn up due to illness, delays or other problems.
a charity to safeguard the property of a charity from4. Quotations can be obtained online for small and
direct loss and damage as well as from third partymedium-size charities from a professional broking
liabilities which would otherwise need to be satisfiedservice working solely for the non profit sector.
out of the property of the charity.5. The details should be listed in the contracts for hire.
1. Your charity event insurance cover can play aIf it is your responsibility, then try and establish the
great role where events pose a substantial risk toreal value of the property at risk and insure the full
the equipment and property used on site. From AVreplacement cost. Also check whether you are
equipment to the very fabric of the venueresponsible for breakdown risks and the loss of hire
everything needs to be covered or considered whilstcharges under hire agreements. And if you are using
finalising the details of the insurance. If it is your owna carrier to move equipment around, you must be
property you are taking onsite, you have to beaware of limitations on their liabilities under conditions
careful to insure items twice, you may already haveof carriage.
insurance for items normally based at your premises.Event organisers usually face a number of challenges
2. In some events, there are many hazardousin all industries, but they can be particularly worrying
elements involved, like sponsored bungee jumps,for charity events, where one miss-step could ruin an
parachute dives or racing of some sort. In all suchentire year's funding and your ability to meet the
circumstances, risk should be measured andneeds of those relying on you. Fortunately for you, a
undertaken consciously, and frankly in some cases, itwell developed charity event insurance market exists
may best to decide not to take the risk. You canto protect against all such dangers.