It is most people’s incorrect assumption that all certified businesses will have insurance for every eventuality and that given all the liability claims recently, no one would leave themselves upon for attack. It is now necessary to consider and plan for almost all possible occurrences and companies who don’t can often feel the wraith of the claims courts. One area that is still not given the attention that it deserves is insurance for clients hospitality or entertainment events. Lets take a look at 2 of the top reasons why insurance is a necessity.
Injury or Damage. The company that organised the event, be it a day of sky diving or just team building in the park, are potentially liable for any loss or damage. Most companies that run the actual entertainment should have their own cover, but this doesn’t take into account the travelling or time spent off the grounds of the activity. If someone should get injured, have their possessions stolen or cause damage to any property for example, it could be the company organising the day footing the bill. Make sure your company is covered for the whole duration of the event and in all locations.
Unforeseen Circumstances. There might not be any issue with the guests or property, but problems can still occur with the activity itself. Let’s say for example you are taking some of your best clients on a Cheltenham hospitality day, but it gets rained off. There is a chance that the event providers will payback the money to people who have booked tickets out of their own insurance cover, but you cannot rely on this and should always check first. Further more it is likely that money has been spent on accessories for the event and things like food and transport, and it is important to be able to claim for these. Events such as Henley Regatta are very good as they offer money back to anyone who cannot make the event due unforeseen circumstances, but this is a rarity and you will not be so lucky with most events.
Recent Comments