Why is event insurance necessary for event organisers?
With so much on an event organiser’s plate, why should it fall on their shoulders to sort the event insurance? Couldn’t the venue, catering suppliers or individual stall holders take that responsibility?
It’s a perfectly reasonable question, and one that we are asked on a regular basis.
We spend a large amount of time speaking to event organisers, trying to make their lives easier. We know how busy they can be in the run up to events and we have made it our mission to ensure that event insurance is as easy as them as possible.
But we wholeheartedly believe that an evert organiser is the best person to have an overview of the insurance and make sure that the event is properly covered.
Obviously, it’s still up to contractors and suppliers to ensure that their own insurance is in place. But the buck should stop with the event organiser to make sure that everyone and everything at the festival has the right level of cover.
How much does event insurance cost?
From £25 with Insure Our Event. The cost of event insurance varies depending on the type of event, capacity, location, specified activities, and the requested policy limits. Any additional covers, such as cancellation insurance or bad weather insurance will also impact the price of the cover.
Insure Our Event’s quote form is free and provides an instant price for event organisers. Tailor your cover to your unique event, ideal for temporary or recurring events. Only pay for what you need, Insure Our Event offer the lowest limits and the best price on event insurance.
Why should the event organiser ensure all stallholders and hires have insurance?
There’s a few reasons why the event organiser needs to ensure entertainers and third party services have adequate insurance:
Firstly, you have a complete overview of the event, you’re the glue that holds everything together. You’re also the link between the event and each individual component. You therefore should have sight of who needs what type of insurance.
Secondly, you’re the one with event experience. An experienced specialist will know mrore than a rookie about safety and event management. Some of your contractors or stallholders may not have worked at an event before, and may not be understand all the risks present. The best possible outcome is when the event organiser works with an event insurance specialist, like Insure Our Event – Then all knowledge bases are covered.
Thirdly, you’ve invested so much time, effort and money into your event, you should want to take responsibility over safeguards. Don’t allow your event to be spoiled by an expensive insurance claim.
And lastly, if anything were to occur, such as a slip trip or fall – the event organiser will most likely be held liable.
With Insure Our Event’s quick insurance quote, it’s easier than ever to buy event insurance.
How much insurance does I need for my event?
Understanding how much liability your event requires is essential. For one-off events, the general rule of thumb is; the higher the capacity, the higher the coverage amount required. At Insure Our Event we offer the lowest possible cover amount of £1 million public liability cover. The lowest tier is for events of 50 poeple or fewer. £2 million is for 50-100 people. £5 million is for events with over 100 people attending. And the highest of £10 million is for large-scale events where more dangerous activities such as fireworks or performers will be present. Attendees should be calaculated per day, as multi-day events will require a higher coverage amount.
If you are the event organiser for a large-scale event and require liability cover in excess of £10 million, please contact us. We are able to provide bespoke specialist insurance for any event, include major large-scale festivals and fairs.
For event which include deposits and hires, we recommend cancellation insurance add-on. This will financially protect your event incase it does not go ahead due to an unforeseen circumstance. For outdoor event we recommend adverse weather cover add-on, protecting your event from unforeseen weather conditions.
What types of event insurance do I need to run an event?
There are four key insurance types to consider as well as a number of add ons. Learn more about each of them here:
- Public liability insurance
- Employers’ liability insurance
- Event equipment insurance
- Cancellation insurance for events
- Money cover for events
- Additional covers available
The good news is, all of these are available through Insure Our Event’s flexible quotation form. So you only pay for what you need, and not what you don’t – therefore saving on price.
