There are so many elements that are out of your control like the weather, ticket sales and the behaviour of the attendees. Protect yourself and your business with a tailored events insurance policy.
What is event insurance?
Arranging events can be stressful – whether it’s a one-off corporate function, a wedding or a large-scale festival. There are so many elements that are out of your control like the weather, ticket sales and the behaviour of the attendees.
Protect yourself and your business with a tailored events insurance policy. With the right insurance, you can safeguard yourself if things do not go as planned – allowing you to run your event with confidence.
Who should consider event insurance?
Events insurance is usually taken out by professionals in the entertainment or hospitality industry such as:
- Event managers and coordinators
- Event promoters and organisers
- Sound and lighting operators
- Stage managers
However, any individual or company holding an event may consider the cover events insurance can offer. Events can include concerts, exhibitions, festivals, fundraisers, theatre productions, trade showers, dance parties, weddings or corporate functions.
What can event insurance cover?
Event insurance vary in the benefits they provide. Your Westphalian insurance broker can help you find the right product tailored to suit your event’s needs. Depending on your policy, event insurance may cover you against:
|Type of cover||Potential benefits|
|Event (public) liability||Liability if a third party issues a claim for personal injury or property damage.|
|Venue and equipment damage||Covers equipment and venue damage during the event.|
|Cancellation of the event due to weather||Covers losses arising as a result of an event being cancelled due to weather conditions|
|Cancellation, abandonment or non-appearance||Cover for abandonment or non-appearance of a performer|
|Voluntary workers personal accident||Cover for defined out-of-pocket expenses if an accident results in the injury or death of a volunteer for the volunteers working at the event.|
What usually isn't covered by event insurance?
Exclusions, the excess you need to pay and limits of liability can vary greatly depending on the nature of the product you are purchasing, the associated risk, the insurer and the requirements of your business.
Policies generally do not include cover for:
- High risk activities
- Injury to participants in sports
- Improper set up
There are exclusions which are specific to each type of policy, which your Westphalian insurance broker can outline for you.