Event Insurance Quotation – Damian

What is it? This protects you against your legal liability in case of 3rd party property damage or injury due to your negligence. For example, if a guest slips on a spilt drink on a dance floor and breaks their ankle. The injured guest might hold you responsible on the grounds that you failed to prevent the accident from happening. Do I need it? This is not normally a legal requirement, however you might feel it is sensible in our increasingly litigious society. A few factors to consider are the size and type of the event, and the extent to which you are taking responsibility yourself for the running of the event. For example, if you hire a venue which is running your event on your behalf, then your liability exposure might be lower than if you run the event yourself.

What is it? This protects you against your legal liability in case of injury to your employees. An employee is anyone that is working for you whether or not you pay them, so a volunteer is an employee. Do I need it? If you have an Employee then, subject to some exemptions, by law you must carry Employers Liability Insurance.

What is it? You can either cover your event costs or if relevant the revenue from the event. The eventualities which can be insured will depend on the type and details of the event, and can include; cancellation due to adverse weather, death or illness of a person on which the event depends and the unavailability of the venue due to fire or flood. Do I need it? Much like the equipment insurance section, your decision as to whether to arrange insurance will depend on your estimation of the risk, your financial situation and the cost of the insurance.

What is it? This is cover on your own or hired in event equipment such as marquees, and associated equipment such as dance floors, furniture, and mobile toilets, etc. As standard this includes cover for theft, flood, storm, fire, malicious damage and accidental damage. Cover may be subject to agreed security levels and reasonable care having been taken. Most claims result from theft, malicious damage and storm damage following high winds which haven’t been forecast. In order for us to arrange cover you will need to find out the value of the equipment. Do I need it? We suggest that you check your supplier’s Term’s and Condition’s to see if they are holding you contractually responsible for any equipment you have hired in. If so they may also require that you arrange adequate insurance. If they don’t specify that you must take out insurance then you will need to choose whether or not you would like the cover, and your decision will be based on your estimation of the risk, your financial situation in terms of whether you can afford to take the risk yourself and of course the cost of the insurance (which we will try to make as low as possible for you).