Event insurance coverage is designed for those who are are planning a large event such as a wedding, sporting event, competition, large meeting etc to provide cover in case something should go wrong. Despite careful planning there are many things that can disrupt your event leading to higher costs or even postponement or cancellation. Damage can occur to property, either at the venue or while being transported and bad weather may make the venue unusable. All of these things can be covered by taking out event insurance coverage.

Your event could be disrupted by:

* fire to the venue or bad weather which might prevent you from using the venue

* industrial strike that prevents participants and employees reaching the venue

* threat of a terrorist attack that may possibly restrict travel in the vicinity of the event or stop anyone from getting to the event

* injury to visitors at the event

* equipment essential for the event being stolen, either during transportation to, or at, the venue

* an outbreak of disease for example such as Foot and Mouth or Bird Flu

Any of these problems could result in cancelling the event which could cause financial loss. The correct event insurance cover will adequately cover these problems and many more. Insurance policies may even be custom-made to your requirements and might also include cover in the case of a key speaker or a performer being unable to be present, because of ill health etc.

If you are a small business you will, more than likely, have already taken out a commercial liability policy but insurance cover will more than likely not apply to venues that are not your customary business place. If this is the case you should take out separate event insurance coverage. You must have insurance that will cover employees and temporary staff you may employ specially for this event.

A further problem that might happen is injury to a guest or employee that results in a legal action against the organiser.

Property Insurance Coverage

You possibly will have to insure property, during the event and also during transportation to and from the site. You may well want to include computers and electrical equipment or other things depending on the nature of the event. This may include antiques or catering equipment. Coverage needs to be for accidental damage or fire at both the venue and while being transported.

Expenses Coverage

Costs may well occur because of cancellation of the event from any of the above mentioned causes.

Conclusion

Major events can be very expensive and the last thing you want is for unexpected events to increase the cost. By taking out event insurance coverage you will be insured in case problems occur and will be able to restage the event at a later date if necessary,