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Top 5 Tips for finding the right venue for your event

Finding the right venue for your next event need not be a major headache if you follow our 5 Top Tips ....

It will never happen to me! Event Insurance - do I really need it?

How many people in our industry consider Event Insurance? Specialist insurer Hiscox stated that there was a predictable rise in claims for event insurance earlier this year. Despite this, most events were not insured for bad weather at all. Read on for our Top 10 insurance tips ...

The Disability Discrimination Act - Profiting from compliance

As an Event organiser, you know it is the right thing to do, you know you have to do it and you know it makes commercial sense..

10 Commercial reasons to address DDA (Disability Discrimination Act)

7 Top Tips for finding an accessible venue

10 Essential Budget Planning Tips for your Event

Preparing a definitive budget for an event is a challenging task with so many factors to consider, however with the help of our 10 Essential Budget Planning Tips, we hope that the next budget you prepare will be easier to create and pleases the purse holders!

7 Top Tips for a successful Site Inspection visit

Site inspections, or showrounds, serve only one purpose - to ascertain whether a venue is the most suitable venue for your particular event. Below we identify our 7 Top Tips for a successful Site inspection visit:

A Touch Of Sparkle... for Christmas 2009 at Ufton Park

A Touch of Sparkle for Christmas 2009, Celebrate this year at Ufton Park, Reading.Set in a beautifully restored Tithe barn in the grounds of a magnificent Elizabethan Manor House.

6 Top Tips for Hosting a Successful Corporate Golf Day

6 Top Tips for Hosting a Successful Corporate Golf Day

How to use the "Credit Crunch" to your advantage

How can Red Dragon Events help you benefit from the Credit Crunch? More than ever venues need to retain as much exisiting business as possible whilst continuing to attract new business. There are a number of ways in which this can be used to your advantage:

The Spying Game - How Safe is your conference?

"Eureka" moment at 10.04pm

10.04pm "Eureka" moment may spell the end of the early nights! - 4.33pm is the least creative time of the day; - The shower is found to be the most inspiring space; - Women are better at retaining their creative ideas

Conference Food and its effect on your delegates

Conference food - how does the food you serve effect your delegates?

Referral Incentive Scheme

New - Referral Incentive Scheme! Earn a minimum of £50 Bonus Bond vouchers for every successful referral you provide us over a certain booking value! Plus another £50 worth of bonus bond vouchers to the person you referred us to!

Crash Course in organising a Christmas Party 2008

Christmas parties are often the highlight of the year for many companies. Below we have listed some helpful tips to make sure you have a great time!

Early-Eager or PM Professional

A new report shows tapping into a delegate's natural human rhythms can aid productivity, concentration and retention. The Meeting Minds report by Dr Lawrence Smith, senior lecturer at the Institue of Psychological Sciences, University of Leeds, applies psychological theory regarding human rhythms, sleep and work scheduling to the meetings industry.

Rules of Engagement

Rules of Engagement - incorporating new technology

Crash Course in Audio Visual

Using the latest technology can be an important tool in getting the message across at your next event. We have identified below some key points to consider when creating the maximum effect from your AV.

Top Tips for Welcoming Guests to your event

Read our Top Tips for Welcoming Guests to your event!

Top Tips for Hosting a Memorable Corporate Golf Day

Golf is considered one of the most important tools in Corporate Entertaining.

10 Top Tips for Holding Greener Meetings

1. Save Paper. Using new media and electronic technology can cut down your paper use.

It will never happen to me! Event Insurance - do I really need it?

Home Red Dragon Events Newsletters & Resources  

26 Feb 10

January 2010 saw much of the UK experience its worst winter in decades with severe disruption in places. Schools were closed, roads impassible, flights cancelled and so on. Early estimates have put the cost to the UK economy at up to £690 million a day (1).

The Events industry was not immune to it, with the National Motorcycle Show in Manchester one of the many casualties as several exhibitors could not make the journey to Manchester.

It was not just confined to the UK either. One of our US based clients had arranged an incentive reward break to Florida for some its top performing employees, however some people had to cancel their trip as severe snow storms hit the North Eastern states early February. Luckily the venue (Ritz Carlton Hotel, Naples) was very helpful and understanding - ironically they had some guests who needed to stay extra nights as they could not return home for the same reasons!


Today, there is insurance available for virtually everything, however how many people in our industry consider Event Insurance? Specialist insurer Hiscox stated that there was a predictable rise in claims for event insurance earlier this year. Despite this, most events were not insured for bad weather at all. Some might argue that the effects of Global Warming has made weather patterns very unpredictable all year round as several communities in the UK experienced the severe flooding over the last few summers.

Weather is just one of a number of factors that can lead to an event being cancelled. Fire, health hazards (bird flu etc) and terrorism are just some of the others. Event Insurance can also cover theft or damage to equipment and property, either owned or hired, whereas public liability cover is essential for public events.

Event cancellation cover is not just for when events are called off. Cover can also protect organisers for the financial losses they may face if the event is forced to go ahead in a limited format.

 

Here are our Top 10 Insurance tips with some help from Hiscox Event Insurance:

1.     Lower your premium by carrying out a risk management exercise, especially for slipping and tripping hazards

2.     Ensure the site of the event is secure and that all attendees are readily identifiable

3.     Don't rely on the venue to know who is walking into your event

4.     Always lock your function rooms when not in use and limit the number of people with access to the room. Some venues use electronic key cards that records who has opened a door at what time

5.     Check your venue contracts closely. Make sure you understand it as the terms can be beyond your legal obligations. Your venue will rarely provide you with the insurance cover you need

6.     Make sure you have adequate public liability insurance. Usually venues expect a public liability of indemnity of a minimum of £2m for any one occurrence

7.     Ensure your exhibitors, delegates and sub-contractors receive your Terms & Conditions, so they are aware of their responsibilities.

8.     Get legal advice when you issue your contract and Terms & Conditions, and when you sign your venue contract

9.     Take out adequate insurance with a reputable event insurer

10.   Obtain the best cover you can afford


Hiscox Event Insurance

(1) Source: http://www.hiscox.com/news/press-releases/2010/13-01-10.aspx

 

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