An event like other assets is the face and the product of your company so you should mandatorily get it insured. Unforeseen circumstances may come your way at any place and point of time.
Let’s indulge into the aspects that can be safeguarded when your event is insured.
Event Cancellation- Even though declared, there is no surety of the event to take place. An event insurance covers some of the contingencies leading to event cancellation such as:
Whatever happens, only the non recoverable expenses and event related revenue will be the sum of your insurance coverage.
Property Damage- Not only wear and tear are the lifeline of your property. You may lose your property any time in any manner. Event insurance also manages to safeguard your precious entities under:
However, only the sum of the assets used and set up for the event will be insured under event insurance.
Personal Accident- Not only your property is at stake when an unforeseen mishap takes place. The employees & workers associated with the event are also at stake. Event insurance caters to the following cases in case of a mishap:
Event insurance only tends to the sum of the value of loss or harm to the personnel.
Public Liability- And not to forget, event insurance also takes care of liabilities towards third parties such as attendees for accidents leading to injury, loss or damage at the event venue or in association with the event for policy time.
The sum covered here will be value of the damage caused apart from act of god, purposeful non-compliance of requirements, criminal liabilities or multiple compensatory damages, consequences of usurped power, war, rebellion, hostilities and such acts, vehicular & parking contingencies and temporary asset damage at event also not to forget personnel loss or damage to the visitors.
Here is a list of entities you can go to for different event insurance:
All insurance related policies are subject to market risks, please read insurance related documents carefully. These issues are exhaustive and modifiable according to contingency.