How Event/Conference Organiser Professional indemnity cover can help a business
Running your own business as an event and conference organiser means not only taking on responsibility to deliver a good service to clients, but also taking on the responsibility of protecting your business. Have you ever thought of what you would do if you faced a legal challenge, such as the threat of being sued if your company ever made a mistake? Event/conference organiser professional indemnity cover is a product which can pay your legal bills should you ever get into a law-related scrape.
It will protect somebody if they face being sued following a claim that they have made an omission or mistake in the conduct of their business. If someone who has hired you thinks you have done a poor job, and possibly feels they have lost money as a result, they could file a claim for compensation. This is because they have suffered what is known in the business as a ‘financial injury’.
Of course, if the worst ever did happen and you got a legal letter, you would need to hire your own defence team. This could be expensive and event/conference organiser Professional indemnity cover would kick in and pay the bills, subject to a successful claim.
For example, if a company hired you to plan and organise a meeting involving a number of potential clients, which then went wrong and failed to run to plan, they may feel they have lost out as a result. This would mean you could get the blame and a court case could ensue.
Event/conference organiser professional indemnity cover would protect you by paying out for your legal protection, and also cover things like accidental breach of confidence or copyright, and the dishonest actions of any employees of a company, such as stealing from a client. Allegations of negligence and even claims of unintentional defamation, a risk where publicity material is concerned, will also be protected.
Protection is available on a variety of levels, and event/conference organiser professional indemnity cover can be bought which goes up to hundreds of thousands of pounds or more, depending on the individual needs of the firm.
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