Outdoor Event Insurance
In theory, brokers can access the whole outdoor event insurance market to find the best cover (which may be from combining a number of separate policies). In practice, however, the special deals for non-profits are more likely to come from one particular insurer. It is quite possible, these days to obtain cover to make good the loss arising from fraud or dishonesty on the part of any of the employees where they are handling any cash or other valuables. It may even be possible to extend the cover to include also fraud or dishonesty on the part of any of the trustees or volunteers. This type of cover cannot a substitute for sound financial and personnel risk management and is usually provided only if the company can demonstrate that its administrative arrangements are both adequate and properly supervised.
• Your outdoor event insurance companies insure almost any event taking place almost anywhere in the world. Whether your event is a Sunday Cricket match or a global convention, they have the capacity and the expertise to protect your event. These companies can offer single event insurance, multiple event insurance or even annual event insurance – whatever your needs.
• Your insurance cover may include event cancellation insurance, event liability insurance and event all risks insurance. The failure of key, utilities or equipment like power, lighting, heating, kitchens, sound and fire safety equipment are all the risks, with the potential to make the venue unavailable.
• Most policies are easy to understand and simple to buy. They are underwritten by one of the most reputable insurers and claims are handled quickly and with sensitivity. Your outdoor event insurance cover may, also be obtainable at a reasonable price against the cost of repairing items which are damaged, or against the cost of investigating theft and of attempting to recover stolen items. Security measures should be reviewed in order to reduce the risk of loss and this might make insurance cover easier to obtain.
• As specialist providers, these companies offer you insurance that are truly relevant to your needs. They know the right questions to ask about your plans and can tailor your insurance to suit your requirements, perfectly.
• Whether you are planning a party, staging a large rock concert, or organising a national flower, motor or music festival, you need to ensure that you are covered for all possible events that may spoil the enjoyment of you and your guests when the big day arrives.
In a worst case scenario, the whole event operating budget could be lost, or you could incur additional costs such as rebooking at another time or another venue, extra accommodation and subsistence costs, venue penalties for not vacating on time, plus the profit you might otherwise have generated from the event. Because all this is at risk, your insurance needs to be on the agenda early in the event planning process. You can quite easily buy all the elements of your outdoor event insurance in one easy package, with absolute confidence.
