What you get with Event/Conference Organiser Professional Insurance
People often enjoy the level of self sufficiency and initiative required to run an event and conference organising business. Delivering the right service before and after a major event for a client is a highly specialized skill, and one that some people have quite rightly made a handsome living out of. But this kind of work does not come without its risks, as sometimes people will be relying on a set event to deliver results, be it in terms of finance or skills for their workforce. Event/conference organiser professional insurance is therefore an option for anyone who is running a firm or simply acting as a freelance.
Event/conference organiser professional insurance with a professional indemnity or PI element is something which is often taken out by companies which provide a professional advisory business. This essentially means anyone who makes recommendations as part of their day to day job, effectively like a consultant. An event or conference organiser would fall into this category, as someone who is hired to deliver a high quality and well-planned event for a firm.
Therefore if anything were ever to go wrong, the organiser could get the blame and the company may seek compensation or a form of redress, as it is often known. A client may even suffer what is known as a financial injury in the business, meaning they have lost money because of something the organiser has done or not done. Professional indemnity insurance would protect you in the event of such a claim, paying your legal bills related to your defence.
It generally covers any allegation that you have made a mistake, omission, or committed an act of negligence in your day to day business. Claims are of course more likely to result if someone feels they have lost money, so even any compensation which happens to be awarded to a client by a court will normally be covered. You will need to decide a level of event/conference organiser professional insurance cover for your business, as an insurance company will not pay out indefinitely towards legal help. So a firm may want tens of thousands or hundreds of thousands of pounds worth of protection and this may be related to the size of their business and the clients they deal with.
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