The Event - Insurance Cost Must Be Included in Your Event Budget

When you organise a big event, you are likely tohigher limits depending upon your requirements.
have other things on your mind than your exposure• Some event insurance companies would pay the
to legal liabilities, at that point the event insurancedefence costs incurred, in order to defend an action
cover comes in play. It doesn't cost much and can beagainst you. They provide cover for loss of or
quite suitable for exhibitors, providing valuabledamage to business property within the space
protection for your company and investment, leavingallocated to you at the event, which you own or for
you to get on with running your stand.which you are legally responsible (for example, hired
If the event at which you have arranged for spaceequipment).
as an exhibitor is cancelled for reasons beyond your• This insurance is available to give you peace of
control, you can have a sigh of relief as you aremind and covers losses for events which occur due
covered for losses up to the sum insured. It willto unforeseen circumstances. Experienced event
protect you, if you face a claim for compensationorganisers know to expect the unexpected and your
payable to a third party, following actual or allegedbusiness insurance may not be enough to cover you
accidental bodily injury or damage to their property, ifif something ruins your special event.
the incident happens during your event. It may even• These policies can be purchased for special
be possible to extend the cover to include also fraudevents ranging from baby showers to birthdays,
or dishonesty on the part of any of the trustees orgraduation to retirement, engagements to weddings
volunteers, etc.and anniversaries. There are companies, who can
• Event Insurance can be a cost-effectiveoffer single event insurance, multiple event insurance
package for a one-time special event. You can eitheror even annual event insurance - whatever your
choose public liability cover, and can further purchaseneeds. As the special event holder, you will most
an additional employers' liability cover for your legallikely be required to provide proof of liability insurance
liability for injury to your own and casual staff orto the facility or venue where you are planning to
volunteers.hold your special event.
• This sort of cover is ideal for you, especially if aThere are occasions, when things can go wrong,
criminal action is brought against you for any breacheven with proper arrangements made for people
of statute or regulation directly relating to any actualattending a fair, a fête or a carnival, a specialised
or potential claim covered under this section. Thislow cost event insurance policy can then come to
cover also includes loss of, or damage to, the venue'syour rescue. It protects you against the unforeseen,
buildings, fixtures, fittings and machinery, up toletting you bask in the glory of a well-run event.
thousands of pounds. You may also get significantly