Are You Insured When You’re Entertaining Clients?

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. Below we document two very important reasons why insurance for such events is needed.

Damage or Injury. 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. The majority of entertainment providers should be covered by their own policies, but this only protects people when they are on the event grounds and not before and after. Everything from loss of personal possessions, to serious injury or damage can be claimed for against the business, and the expenses can often be a great deal more than the company can afford. Make sure your company is covered for the whole duration of the event and in all locations.

Unforeseen Circumstances. Insurance is not just necessary to protect against liability claims, but also cover unforeseen issues with the event itself. Lets 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. Also, you may have spent additional money on food and drinks, transport and miscellaneous, that you will not get back without insurance. Events like 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.