Table of Contents
What types of event insurance are there?
Below we’ll explain each of the different types of event insurance and what types of events require them.
- Waiver of Subrogation.
- Liquor Liability Insurance.
- Cancellation Insurance.
- Third-Party Damage Insurance.
- Hired Auto Liability Insurance.
- Worker’s Compensation Insurance.
- Terrorism Insurance.
- Special Event Coverage.
Why would Event planners need public liability insurance before holding an event?
Public liability insurance for events is designed to cover you should a third-party suffer property damage or accidental injury. Of course, most events should be set up to ensure the safety of its visitors, but accidents do happen.
Do I legally need public liability insurance?
Public Liability insurance is not a requirement by law, but many clients will insist that you’re covered for public liability before allowing you to begin work. Some trade associations will not allow you to register with them unless you have a valid liability policy.
Why do events need insurance?
Event insurance helps organisers protect their events against unexpected situations which would otherwise leave them subject to hefty costs, potential lawsuits and loss of business.
Do I need public liability cover for a wedding?
Although it is not a legal requirement, it is the safe choice. Whether it’s a wedding, festival, car show, Christmas market or sporting event, public liability can be put in place to protect you.
What are the 6 types of insurance to buy for event management company?
What does the event insurance cover?
- Third-Party Damage Insurance.
- Public Liability Insurance.
- Employers Liability Insurance.
- Waiver of Subrogation.
- Third-Party Damage Insurance.
- Hired Auto Liability Insurance.
- Worker’s Compensation Insurance.
- Terrorism Insurance.
What is an event insurance policy?
Special event insurance is an insurance policy that helps protect your investment in a specific event, such as a wedding. Event insurance may help cover your costs if you unexpectedly need to cancel your event or if you’re found responsible for property damage or an injury caused during your event.
Can you operate a business without public liability insurance?
Public liability insurance is not a legal requirement. However, having a policy will place you in a stronger position if a claim is brought against you. It may even save your business.
What happens if you don’t have public liability insurance?
Public liability cover is not compulsory, unlike other insurance policies (motor insurance/buildings insurance, for example). By not having it in place, you will not be subject to any legal action made against you. Having public liability in place is an essential commodity to any business.
Do you need public liability insurance for a private party?
There is no legal requirement to have public liability insurance for a private party, but it is recommended – even if the party is being held at your business premises. If you are hiring a venue, they may require you to have insurance protection as part of their terms and conditions.
Why do we need event insurance?
What’s the difference between personal liability and public liability?
Personal liability insurance covers injury or damage compensation claims made against you by a third party. Public liability insurance is the commercial version of this insurance – it covers compensation costs if someone makes a claim against your business for injury or damage.
What is the difference between public liability insurance and personal liability insurance?
The main difference, however, is that personal liability insurance covers for injuries or damages that the insured is personally held responsible for while general liability policy, which is also called commercial general liability insurance, pays for the costs incurred from bodily and property harm associated with a …
Do all companies have public liability insurance?
Not all businesses need public liability cover – but if your work brings you in contact with the public, yours might. Read our guide to see if public liability is necessary for you.
What is public liability insurance for events?
WHAT IS PUBLIC LIABILITY INSURANCE FOR EVENTS? Event Public Liability Insurance protects you, the event organiser and policy-holder against compensation claims made by members of the public. This cover can be taken out by an overall event organiser, an exhibitor, a stallholder, a supplier or a service company attending an event.
Do You need event liability cover in South Africa?
We’ll be happy to help. In South Africa, it’s a legal requirement to have Event Liability cover in place for any organised event (big or small) – and when it comes to liability, there’s a wide range of external influences and risks that need to be considered.
What insurance do I need for my event?
Events Liability insurance should include cover for accidental injuries, damages, or fatalities at your event or the event you’re sponsoring. You can also include extra cover for different situations that might occur, like cover for cancellation due to weather a no-show, or other unforeseen situations. Optional extras to consider:
What does sports and recreational events insurance cover?
Cover people and property as per the Safety at Sports and Recreational Events Act of 2010 Guard against loss of income with building insurance that’s tailored to your needs as an owner, investor or developer. We’ll protect your business from unexpected events, so you can focus on growing a solid business.