This is a public and products liability insurance policy for Events is designed to provide cover for Event Organisers for their risk exposure to personal injury and property damage claims. The Event could be for one day or a series of events over time. Public liability insurance will cover your legal liability to compensate third parties for personal injury or property damage caused by an occurrence in connection with your business activities. Public liability insurance also coves the legal costs associated with the defence of these actions.
Generally you can choose between $10 million and $20 million limits of indemnity. Minimum premiums start at $1,000 including GST and Stamp Duty. Generally the time frame can be up to 30 days but depends on the insurer as there is an ability to provide Annual Policies which can reduce overall costs. The timeframe can be extended to include Set Up and Pack Down time. Most policies will provide an allowance for up to 100,000 attendees.
Then there is also the ability to package additional Public Liability for Exhibitors or Stalls. And even to extend the cover to include Event cancellation insurance such as “No Show” by the main attraction or from adverse weather. There is even the ability to include Prize reimbursement and “Hole in One” indemnity cover for Golfing events.
However cover for Fireworks or Pyrotechnics and Amusement Rides are often excluded from cover. It would be advisable to manage these risks by sub-contracting to operators providing contracts that holds harmless the organisers from any claims arising from these activities at the same time demanding proof of their own insurance.
Here are some examples of events that can be covered.
• Art exhibitions
• Book launches
• Boat shows
• Car shows
• Community Fairs
• Cultural events
• Entertainment events
• Fashion events • Festivals
• Food and wine shows
• Garden shows
• Photo shoots
• Plays and theatre productions
• Sporting events
• Trade fairs
At CPR Insurance Services we are able to access a number of providers of these covers. The best way to market this risk on your behalf is by completing one of the insurer’s proposal form which prompts all the relevant questions needed for Insurers to consider the risk. We then send the completed proposal with any additional information that can support the risk to insurers
An Insurance Broker who specialises in this cover can find the right Insurer for you with the most appropriate policy wording. An insurance broker’s role is to act as your representative and work in your interests, seeking the best cover at the best price for you with their skill, market knowledge and experience. Call a good one.
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