Event Public Liability Insurance - is it a headache for Event Organisers? I think it is becoming a big pain for the smaller organisers especially. Lets says you are organising a small event in connection with either the Olympics or the Golden Jubillee. You have found the Venue but then somebody mentions insurance! What do you do? Most likely a Google Search for "Event Insurance" or "Event Public Liability Insurance". Please be aware of something called "non-advised sales" when purchasing insurance that you do not fully understand. Many mortgage providers will offer mortgage products in the same way. There is nothing wrong with the principal, providing you have a good understanding of what you are buying and have taken the time to read through the T's and C's. The simple reason it is attractive for insurance agents to offer "non advised sales" is that it keeps the admin costs down and therefore improves how attractive the premium is to price sensitive customers. Another problem that I have noticed is the involvement of Local Authorities and Councils. It is often an authority or venue that will demand that the Organiser holds Public Liability. Unfortunately these authorities do not really know anything about Public Liability Insurance either! Below are some things to consider when arranging an Event and that could affect your insurance premiums and the cover afforded. How many attendees? Are you bringing in Bonafide Contractors? Check they have adequate insurance! Is the Venue suitable? Does the Venue owner have insurance? What Public Liabilty Insurance limit do you need to satisfy the Venue and your own risk? Check all contracts, terms and conditions etc. Perform a risk assesment and provide all performers, contractors, exhibitors etc with a copy and explain their Health and Safety responsibilities. Do not always buy the cheapest! An insurance policy is only value for money if it will protect you should someone make a claim! Consider Cancellation Insurance if the event is a significant financial investment. Cancellation insurance protects the finances of an Event Organiser should the event be disrupted due to circumstances outside of the control of the organiser. Check that your policy covers you as either a "business" or an "individual/consumer". There are different policies depending on who is insured. My personal advice would be to speak to an independent insurance broker if you are unsure of the cover you need for your event. Do however, check the brokers' credentials and confirm that they have experience in Event Insurance as this is a complex area.
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