Corporate Event Insurance
+44 (0)1376 330624
Event Assured Corporate
We have been advising corporate event organisers and their clients for over 20 years. In that time we have arranged cover for a wide range of events from breakfast meetings to global multi national, multi destination incentive programmes. These are just a few of the interesting situations our clients have faced, and which our insurance has covered:
- Terrorism 9/11 - we dealt with two cancelled events, including one which was due to take place in the World Trade Centre two weeks after 9/11
- Hurricanes - the destruction of a hotel and facilities on St Kitts and Nevis which caused the event to be relocated at a later date
- Aircraft grounded by snow in another country
- Planes going technical, and going nowhere
- Thunderstorms disrupting planned outdoor activities on an incentive programme
- Strikes by air crew
- Strikes by coach drivers
- A cruise ship which could not dock because of bad weather causing loss of the shore programme
- and of course - European airspace closed by a volcanic eruption in Iceland - now who expected that?
and there are more....
- The venue may not be available due to damage by fire, storm etc.
- The failure of key utilities or equipment such as power, heating, lighting, sound, kitchens, toilets, fire safety equipment, all of which have the potential to make the venue unavailable.
- Denial of access to the venue by emergency services
- Terrorism
- Adverse weather conditions disrupting air, sea and rail transport, or affecting outdoor activities.
- Strikes causing disruption to scheduled airline or airport services, or other public transport.
- Speakers or entertainers who fail to turn up due to illness, delays or other problems.
- Outbreaks of infectious diseases leading to quarantine or restricted access.
- Outbreaks of civil disorder, revolution, war etc. - This may also have indirect effects, for example by causing diversion of flights.
- Unforeseen political events such as coups or disputes with other countries causing withdrawal of visa facilities or closure of borders.
- Death of Head of State or a member of their family causing periods of official mourning.
- Inability to leave the venue at the planned time, which might incur penalties.
- Delay and disruption to travel arrangements leaving a group stranded at the airport by bad weather or technical problems. Who pays for the food and drink, entertainment and accommodation?
- Damage to property - your own or that belonging to the venue.
- Loss of enjoyment and motivation
- Loss of reputation - it may be necessary to incur expenses in order to preserve the reputation of the event for next time
- Critical journey times - i.e. serious delay to outbound travel meaning it's too late to reach the destination on time leading to effective abandonment of the event
- Reduced attendance due to some unforeseen event or "critical mass" non attendance meaning so many people are prevented from getting to the event that it has to be abandoned.
There are other examples, and you may well have had difficult situations in your own events.
Event Assured Corporate
Event Assured Corporate is a portfolio of the key insurances designed to meet the needs of organisers of corporate events and incentive travel - essentially events paid for from budget (i.e. no income stream), and where group travel management may feature. Cover is available for almost any event taking place almost anywhere in the World including North America and the Middle East.
Key Features include:
- Choice of cover for the key areas of risk in corporate events and incentive travel - Cancellation/Disruption & Property Damage
- Available to organisers in most parts of Europe and many countries outside Europe for events taking place almost anywhere in the world
- Choice of 3 currencies £, € and $
- Massive capacity - we can easily cover events with Revenue/Expenditure up to £10,000,000. Larger events take just a little longer.
- 24/7 call numbers for claims emergencies
Event Cancellation and Disruption
Key Features include:
- Wide definition of Disruption includes cancellation, curtailment, rearrangement including to another time or place
- Cover available on a full Revenue basis, which protects your projected profit
- Expenses-only cover saves money
- Extra Cover © provides valuable additional cover in key areas of additional expenses
- No inner limits
- No deductibles on event insurance cover
- Wider free terrorism cover included
- National mourning cover included in Europe
We tailor cover to your requirements. With over 20 years experience in the events industries, we have developed extensions of cover to meet the precise needs of each event. These include:
- Adverse Weather cover for events or activities outdoors or in temporary structures or marquees
- Reduced Attendance
- Critical Mass Non attendance
- Non Appearance - Key Featured Persons
- Multiple Non appearance - i.e. the non appearance of a number of persons from a defined group or category
- Death or Serious Illness of Related Persons
- Terrorism - a wide range of terrorism options is available including cover for threat or advice not to travel to a particular destination and disruption to air traffic control
- National Mourning beyond the free cover
- Travel Delay
- Enforced Extended Stay
- Invitees Extended Stay Protection
- Invitee Reduction in Quality Compensation
- Active Quality Protection
- Critical Journey Timings
and more - if it's not standard, we will design a solution.
Event Property All Risks
This can cover almost anything from furniture to audio visual equipment and marquees, and even money.
Key Features include:
- Covers event property owned, borrowed or hired for the event
- Includes transit to, from and whilst at the event including loading and unloading
- Reinstatement "new for old" basis of cover
- Terrorism cover included
- Loss of hire charges cover up to 25% of the value for hired equipment
For full details of our event insurance for corporate events and incentive travel, download our brochure on corporate event insurance here or give us a call on 01376 330624.
What if You Also Need Liability Insurance?
If your are a professional event organiser we generally recommend that you take annual liability, or combined annual liability and professional indemnity insurance - Event Assured Professional. This is particularly important if you are selling packages of services including travel &/or accommodation &/or other tourist services (more here.)
If you are a buyer needing liability cover in addition to the cover under our Corporate product, then look to Event Assured Convention.
Event Assured Convention
Event Assured Convention offers the same cover as Event Assured Corporate under the Event Cancellation/Disruption and Event Property All Risks sections. In addition it offers liability insurance for the event.
Event Liability Insurance
Event Assured Convention includes the same quality core wording as our stand alone liability cover, which provides some of the widest cover on the market.
Key Features include:
- Public Liability cover up to £10 million
- Employers Liability £ 10 million
- Indemnity to directors and employees
- Contractual liability and indemnity to principal
- Liability for damage to venues
- Indemnity to venue owners or operators
- Employer's Liability is available Europe-wide
For full details of our Conventions Insurance, download our brochure here or give us a call on 01376 330624
